Global Electrical Steel Market Insight Highlights Significant Demand from the Electric Car Sector during the Forecast Period, 2018-2026
Verfasser: ashwani_kailiya on Friday, 8 February 2019Electrical steel is a valuable steel variant which has acquired its cardinal position in the global market due to the rising demand for electric motors and electric cars. Fact.MR has conducted a precise evaluation on the overall electrical steel market in order to draw striking conclusions which can be utilized by industry experts, investors and other readers.
According to this research published by Fact.MR, the demand for electrical steel was evaluated at 16 thousand kilo tonnes in 2018. It has been examined that the overall growth of the electrical steel market is attributed to several factors such as rising interest of steel companies to put up with evolving trends in the concerned marketplace. Moreover, fluctuating trade measures are causing decline in exports and further solidifying domestic electrical steel production. The report assesses the electrical steel market for the forecast period between 2018 and 2026. It has been revealed that, the global market for electrical steel is projected to develop at over 8% CAGR until 2026.
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