Low-Core-Loss Material Developments Accelerate the Non-Grain Oriented Electrical Steel Market
The non grain oriented electrical steel market is witnessing an impressive rise fueled by the global shift towards renewable energy and electrification. The market size is expected to grow from USD 10.71 billion in 2024 to USD 15.05 billion by 2035, with a CAGR of 3.14%. This growth reflects an increasing demand for high-efficiency electrical steel, essential for applications in electric...
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