Oriented Electrical Steel Market Set to Hit USD 23.7 Billion by...

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2026-07-06 11:56:56 -

Oriented Electrical Steel Market Set to Hit USD 23.7 Billion by 2034 at 5.5% CAGR

Global oriented electrical steel market size was valued at USD 15.4 billion in 2025. The market is projected to grow from USD 16.2 billion in 2026 to USD 23.7 billion by 2034, exhibiting a CAGR of approximately 5.5% during the forecast period. Oriented electrical steel, also known as grain-oriented electrical steel (GOES), is a specialized type of steel used primarily in the cores of electrical...

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