Grain Oriented Electrical Steel Market Expands Amid Global Shift Toward Energy-Efficient Electrical Grids
The global grain-oriented electrical steel (GOES) market was valued at USD 8.62 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% between 2025 and 2030. This growth is primarily driven by increasing global electricity demand and the critical need for energy-efficient electrical components. As a core material used in transformer manufacturing, GOES is essential for supporting the infrastructure needs of an increasingly urbanized and industrialized world. Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=361 The rise in investments in power grids, renewable energy, and transmission networks is directly influencing demand for transformers and, in turn, for GOES. Developing regions, particularly in the Asia Pacific, are witnessing accelerated infrastructure development and electrification efforts, contributing significantly to the market’s expansion. Buy the report - https://www.theresearchinsights.com...