The global electrical steel market reached a value of USD 46.43 billion in 2024 and is projected to grow at a CAGR of 7.20% between 2025 and 2034, nearly doubling to USD 93.06 billion by 2034. Market growth is driven by increasing demand for energy-efficient transformers, motors, and generators, along with the rapid expansion of renewable energy and electric vehicles. https://www.expertmarketresearch.com/reports/electrical-steel-market