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Electrical Steel Market is projected to expand at a CAGR of ~6.2% over the forecast period 2020 to 2030
Published 3 hours ago
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel is anticipated to rebound and showcase a positive growth trend over the long-term forecast period. The above represented scenario is projected to expand the global electrical steel market at a positive CAGR of ~6.2% over the assessment period (2020-2030). ....

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