Electrical Steel Market to Reach USD 75.53 Billion by 2033 Driven...

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2026-05-06 07:28:12 - Translate -

Electrical Steel Market to Reach USD 75.53 Billion by 2033 Driven by Energy and EV Demand

The global Electrical Steel Market is experiencing strong growth as demand rises across power generation, transmission, and automotive applications. According to Straits Research, the market was valued at USD 41.84 billion in 2024 and is projected to grow from USD 45.1 billion in 2025 to USD 75.53 billion by 2033, registering a CAGR of 6.5% during the forecast period (2025–2033). This...

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