The global market for Grain Oriented Electrical Steel Sheet was valued at approximately US$ 7,759 million in 2024 and is projected to grow to US$ 9,643 million by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period.
Regionally, China dominates the market with an estimated growth from $3.71 billion in 2023 to $4.50 billion by 2029, at a CAGR of 3.29%. The European market is expected to increase from $1.55 billion in 2022 to $1.67 billion by 2029, growing at a CAGR of 2.89%. These figures indicate steady growth, driven by increasing demand for energy-efficient solutions and the expansion of power distribution infrastructure.
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