Growth of Manufacturing Industry Is Driving Electrical Steel Market
The global electrical steel market size is estimated at USD 33.8 billion in 2021 and is projected to reach USD 45.8 billion by 2026, at a CAGR of 6.3%, between 2021 and 2026. Electrical steel is a type of steel specialized in producing assured magnetic properties resulting in low core loss, along with high permeability. The unique properties of electrical steel are dependent on the proportion of silicon in it. Electrical steel is mainly manufactured in the form of cold-rolled...
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