Electrical Steel Market Opportunities in Automotive Electrification
The global electrical steel market is projected to generate USD 47.8 billion in 2025 and is expected to reach USD 88.9 billion by 2035 , expanding at a CAGR of 6.3% during the forecast period. Electrical steel, a specialty steel known for its high magnetic permeability and low energy loss, is a crucial material in modern power and energy systems. It is primarily used in transformers, motors, and generators to optimize energy efficiency. While most reports focus on its role in conventional power distribution, a lesser-explored yet transformative area is its application in smart energy infrastructure , where electrical steel is emerging as a key enabler of the global shift toward sustainable and intelligent energy networks. Request Your Sample and Stay Ahead with Our Insightful Report ! https://www.futuremarketinsights.com/reports/sample/rep-gb-883 Market Context Electrical steel, also referred to as silicon steel or transformer steel, is designed to minimize energy loss d...