The global market for Motor Lamination was estimated at US$17.3 Billion in 2023 and is projected to reach US$28.5 Billion by 2030, growing at a CAGR of 7.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Motor Lamination Market - Key Trends and Drivers Summarized
How Is Motor Lamination Enhancing Electric Motor Efficiency?
Motor lamination plays a crucial role in enhancing the efficiency and performance of electric motors by reducing energy losses. These laminations are thin sheets of electrical steel stacked together to form the core of electric motors. By minimizing eddy current losses, which occur due to the swirling of electric currents inside the core material, laminations improve the motor`s energy efficiency. This is particularly important for industries such as automotive, aerospace, and industrial machinery, where electric motors are used extensively. The push for energy efficiency, driven by regulatory mandates and sustainability goals, is making motor lamination a critical component in modern motor design. The motor lamination market includes various types of laminations, such as rotor laminations, stator laminations, and armature laminations. Each serves a unique purpose in reducing magnetic losses in different parts of the motor. Different grades of electrical steel are used for manufacturing these laminations based on their magnetic properties and thickness. Companies are focusing on developing advanced materials that offer high magnetic permeability and low core loss to further improve motor efficiency. The increasing use of electric vehicles (EVs), with their high demand for efficient electric motors, is significantly influencing the market.
What Are the Key Trends Impacting the Motor Lamination Market?
Several trends are shaping the motor lamination market, including the growing adoption of electric vehicles, advancements in electrical steel materials, and the increasing focus on renewable energy. The rapid shift toward electric mobility is one of the primary drivers of demand for motor laminations, as automakers aim to improve the efficiency of electric traction motors. In addition, the development of new grades of electrical steel with lower core losses and higher magnetic performance is expanding the potential applications for laminated cores. The transition to renewable energy sources, such as wind and solar, is also contributing to the growth of the motor lamination market. These energy sources require electric motors for power generation and distribution, and higher efficiency motors with advanced lamination techniques can help optimize the performance of wind turbines and other renewable systems. The industry is also seeing a shift towards automation and robotics, where laminated motors are used in precision machinery, further driving market growth.
How Do Different Applications Shape the Motor Lamination Market?
Applications include electric motors for automotive, industrial machinery, household appliances, and power generation. Among these, the automotive sector, particularly the electric vehicle segment, holds the largest share due to the increasing production of EVs and hybrid electric vehicles (HEVs). In industrial machinery, laminations are used to enhance the efficiency of equipment such as pumps, compressors, and fans. The end-use industries for motor lamination range from automotive and industrial to consumer electronics and aerospace. Each industry requires specific grades and configurations of laminated cores depending on the motor`s design and intended use. Geographically, North America, Europe, and Asia-Pacific are significant markets, with Asia-Pacific leading due to its strong manufacturing base and increasing adoption of electric vehicles. Government initiatives promoting energy-efficient technologies and sustainability are further influencing market growth in these regions.
What Factors Are Driving the Growth in the Motor Lamination Market?
The growth in the motor lamination market is driven by several factors, including the increasing adoption of electric vehicles, rising demand for energy-efficient industrial machinery, and advancements in electrical steel technology. As electric vehicles become more mainstream, the need for efficient electric motors is expanding, which, in turn, drives the demand for high-quality motor laminations. The push for industrial energy efficiency is also encouraging companies to adopt motors with advanced lamination techniques. Additionally, innovations in electrical steel materials that offer lower core losses and better magnetic properties are further enhancing the potential of motor laminations to improve motor performance across various sectors.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Cold Rolled Non-Oriented (CRNO) Material segment, which is expected to reach US$14.8 Billion by 2030 with a CAGR of a 7.3%. The Cold Rolled Non-Grain Oriented (CRNGO) Material segment is also set to grow at 7.8% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, estimated at $4.5 Billion in 2023, and China, forecasted to grow at an impressive 10.9% CAGR to reach $6.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
Detailed Market Analysis: Access a thorough analysis of the Global Motor Lamination Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Motor Lamination Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
How is the Global Motor Lamination Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players in the Global Motor Lamination Market such as Advanced Technology & Materials Co., Ltd., Alliance Steel, Big River Steel Limited, Lamination Specialties, Inc., Laser Technologies and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Global Motor Lamination market report include:
Advanced Technology & Materials Co., Ltd.
Alliance Steel
Big River Steel Limited
Lamination Specialties, Inc.
Laser Technologies
Lawkim Motors Group
LCS Company
Partzsch Elektromotoren E.K.
Pitti Engineering Limited
R Bourgeois
Tempel Steel Company, Inc.
United States Steel Corp.
Wingard & Co.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Economic Update
Motor Lamination - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Demand for Energy-Efficient Motors Spurs Growth in Motor Lamination Market
Technological Advancements in High-Performance Lamination Materials Strengthen Business Case for Adoption
Growing Focus on Reducing Core Loss and Enhancing Motor Efficiency Expands Addressable Market
Expansion of Motor Lamination in Electric Vehicle (EV) and Hybrid Motor Applications Fuels Market Growth
Increasing Adoption of Motor Lamination in Renewable Energy and Wind Turbines Expands Market Opportunities
Technological Innovations in Thin-Gauge and Laser-Cut Laminations Propel Market Expansion
Rising Focus on Enhancing Motor Performance and Reducing Noise Drives Demand for Motor Lamination
Growing Use of Motor Lamination in Industrial Automation and Robotics Expands Market Potential
Technological Advancements in Grain-Oriented and Non-Grain-Oriented Electrical Steel Propel Market Growth
Increasing Focus on Lightweight and Compact Motor Designs Drives Adoption of High-Quality Lamination
Rising Demand for Motor Lamination in Aerospace and Marine Applications Strengthens Global Market
Expansion of Motor Lamination in Traction Motors and High-Speed Motor Applications Expands Market Opportunities
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for Motor Lamination by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 2: World Historic Review for Motor Lamination by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 3: World 16-Year Perspective for Motor Lamination by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
Table 4: World Recent Past, Current & Future Analysis for Cold Rolled Non-Oriented (CRNO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 5: World Historic Review for Cold Rolled Non-Oriented (CRNO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 6: World 16-Year Perspective for Cold Rolled Non-Oriented (CRNO) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Cold Rolled Non-Grain Oriented (CRNGO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 8: World Historic Review for Cold Rolled Non-Grain Oriented (CRNGO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 9: World 16-Year Perspective for Cold Rolled Non-Grain Oriented (CRNGO) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 10: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 11: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 12: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Bonding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 14: World Historic Review for Bonding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 15: World 16-Year Perspective for Bonding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 16: World Recent Past, Current & Future Analysis for Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 17: World Historic Review for Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 18: World 16-Year Perspective for Welding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 20: World Historic Review for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 21: World 16-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 22: World Recent Past, Current & Future Analysis for Performance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 23: World Historic Review for Performance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 24: World 16-Year Perspective for Performance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 25: World Recent Past, Current & Future Analysis for Comfort by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 26: World Historic Review for Comfort by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 27: World 16-Year Perspective for Comfort by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 28: World Recent Past, Current & Future Analysis for Safety by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 29: World Historic Review for Safety by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 30: World 16-Year Perspective for Safety by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 31: World Motor Lamination Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
Motor Lamination Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION
Companies Mentioned
Some of the 42 companies featured in this Global Motor Lamination market report include:
The Motor Lamination market is a subset of the Metals and Minerals industry. It involves the production of laminations for electric motors, which are used in a variety of applications such as automotive, industrial, and consumer electronics. Motor laminations are typically made from steel, aluminum, or copper, and are produced through a process of stamping, punching, and cutting. The laminations are then assembled into a motor core, which is then used to create the electric motor.
The Motor Lamination market is highly competitive, with a number of companies offering a variety of products and services. Companies in the market include Hitachi Metals, Nippon Steel, Sumitomo Metal, JFE Steel, and Nippon Koei. Show Less Read more
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