Green Steel Market Set to Experience a Massive 12.22% CAGR During 2025-2030

Green Steel plays a critical role in decreasing the dependence of the countries on energy imports, safeguarding the environment, and satisfying the growing energy needs globally.

According to MarkNtel Advisors study, The Global Green Steel Market size is projected to grow at a CAGR of around 12.22% during the forecast period, 2025-30.

The Green Steel Market is experiencing growth due to improved applications compared to traditional services & advancements in touchscreen display and glass technology. By incorporating self-checkout functionality into point-of-sale systems, patrons can independently scan and purchase items without requiring assistance. This incorporation of AI is attributed to shorter wait times and a decrease in the possibility of criminal activity. Also, the versatility of Green Steels is evident as they are extensively utilized across several sectors, such as healthcare & transportation, for their effortlessly deployable technology.

Moreover, touchscreen interfaces provide an intuitive experience that appeals greatly to consumers who favor this type of transaction over conventional checkout lines, enabling them convenient browsing, options exploration, and seamless purchases while maintaining efficient service delivery that results in heightened customer satisfaction levels.

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Key Findings in Green Steel Market:

Historical Years - 2020-2023

Base Years - 2024

Forecast Years - 2025-2030

Key Report Highlights

· Market Dimensions & Projections

· Pricing Evaluation,

· Recent Strategic Moves by Companies,

· Primary Stakeholders,

· Analysis of Import and Export Trends,

· Competitive Landscape Assessment,

· Emerging Opportunities,

· Market Trends and Indicators

Reports Delivery Format

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Green Steel Market Key Players:

Green Steel Group, H2 Green Steel, Deutsche Edelstahlwerke, Tata Steel, HYBRIT, Arcelor Mittal, Emirates Steel, Sheffield Forgemasters, Celsa Steel UK, Liberty Steel, British Steel, Outokumpu, Other Potential Players (Jindal Steel, Thyssenkrupp, Baowu Group, Others)

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Market Segmentation Overview:

By Energy Source: (Solar Energy, Wind Energy)

Among them, both sources of energy, i.e., Solar & Wind, are predicted to hold a sizeable share in the production of green steel globally. In the past, there have been well-established green hydrogen production plants in Europe, Asia-Pacific, and North America, using wind energy to produce hydrogen. With the growing investment to produce renewable energy to reduce carbon emissions, the respective categories, i.e., wind & solar, are expected to enhance their market share for the production of green steel in the coming years.

By Production Technology: (Electric Arc Furnace, Molten Oxide Electrolysis)

By End User: (Buildings & Construction, Automotive & Transportation, Electronics Industrial Equipment)

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By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.
The Green Steel Industry Recent Development:

2023: Essar Group's steel manufacturing operations in Saudi Arabia are carried out through a joint venture with Saudi Arabian Oil Company (Saudi Aramco), called the International Steel Services Inc. (ISSI).

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This release was published on openPR.