Global Grain Oriented Electrical Steel Sheet Market Growth Analysis, Market Dynamics, Key Players an

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• 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.

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• Grain Oriented Electrical Steel Sheet (GOES) is a specialized steel product designed for highefficiency energy transmission and electromagnetic applications. It is primarily used in transformer cores, electric motors, and generators, where its unique grain structure minimizes energy loss and enhances magnetic properties. This steel type is processed through precise rolling and annealing techniques to align its grain structure, optimizing its performance in electromagnetic applications.

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By Types

•High-Grade Oriented (HGO) Steel

•HGO steel is optimized for applications requiring ultra-low energy losses, such as high-efficiency transformers.

•Conventional Grain Oriented (CGO) Steel

•CGO steel is widely used in electrical applications, balancing performance and cost-effectiveness.

• Transformer

• GOES is widely used in power and distribution transformers due to its superior magnetic properties, reducing energy losses and improving efficiency.

• Motor

• Electric motors rely on GOES for better performance and reduced core loss, enhancing efficiency in industrial and commercial applications.

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