According to the report the global motor lamination market reached a value of USD 21.8 billion in 2022. Aided by the rising demand for efficient motors and the rapid growth of electrification in various sectors, notably automotive and industrial applications, the market is projected to further grow at a CAGR of 4.7% between 2023 and 2028 to reach a value of USD 28.42 billion by 2028.
Motor laminations are critical components of electric motors, which constitute the core of rotors and stators. These laminations play an integral part in the functioning of motors by enhancing magnetic properties, improving efficiency, and reducing losses due to eddy currents. Owing to these advantages, motor lamination finds extensive use in various applications, including electric vehicles, industrial machinery, home appliances, and energy sectors.
The escalating demand for energy-efficient solutions is a significant factor fuelling the global motor lamination market growth. With heightened awareness regarding energy conservation and the move towards sustainable development, there has been a considerable transition towards systems that offer high efficiency with minimal energy losses. This transformation has led to a surge in demand for motor lamination-based electric motors. Moreover, the increasing focus on renewable energy and the rapid adoption of electric vehicles worldwide further stimulate the market growth.
The expanding applications of motor lamination in diverse sectors also play a pivotal role in boosting the motor lamination market expansion. In the automotive industry, motor lamination is used extensively in the manufacturing of electric and hybrid vehicles. As these vehicles require highly efficient motors to deliver superior performance and enhanced driving range, motor laminations become indispensable.
The industrial machinery sector also utilises motor laminations significantly. The ongoing trend towards industrial automation and the shift to Industry 4.0 demands the usage of high-performance motors with minimal energy losses. Motor lamination plays a crucial role here by enhancing the motor efficiency and offering substantial energy savings.
Furthermore, the increased focus on renewable energy systems has led to a greater growth of the motor lamination market. Wind turbines, integral to wind energy systems, require highly efficient generators for optimum performance. Here, motor laminations play a significant role by enhancing the performance and efficiency of these generators.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Motor laminations are critical components of electric motors, which constitute the core of rotors and stators. These laminations play an integral part in the functioning of motors by enhancing magnetic properties, improving efficiency, and reducing losses due to eddy currents. Owing to these advantages, motor lamination finds extensive use in various applications, including electric vehicles, industrial machinery, home appliances, and energy sectors.
The escalating demand for energy-efficient solutions is a significant factor fuelling the global motor lamination market growth. With heightened awareness regarding energy conservation and the move towards sustainable development, there has been a considerable transition towards systems that offer high efficiency with minimal energy losses. This transformation has led to a surge in demand for motor lamination-based electric motors. Moreover, the increasing focus on renewable energy and the rapid adoption of electric vehicles worldwide further stimulate the market growth.
The expanding applications of motor lamination in diverse sectors also play a pivotal role in boosting the motor lamination market expansion. In the automotive industry, motor lamination is used extensively in the manufacturing of electric and hybrid vehicles. As these vehicles require highly efficient motors to deliver superior performance and enhanced driving range, motor laminations become indispensable.
The industrial machinery sector also utilises motor laminations significantly. The ongoing trend towards industrial automation and the shift to Industry 4.0 demands the usage of high-performance motors with minimal energy losses. Motor lamination plays a crucial role here by enhancing the motor efficiency and offering substantial energy savings.
Furthermore, the increased focus on renewable energy systems has led to a greater growth of the motor lamination market. Wind turbines, integral to wind energy systems, require highly efficient generators for optimum performance. Here, motor laminations play a significant role by enhancing the performance and efficiency of these generators.
Market Segmentation
The market can be divided based on material type, technology, application, end use, and region.Market Breakup by Material Type
Steel
- Cold Rolled Non-Oriented Steel
- Cold Rolled Non-Grained Oriented Steel
- Silicon Steel
- Nickel Alloys
- Cobalt Alloys
- Others
Market Breakup by Technology
- Welding
- Bonding
- Stamping
Market Breakup by Application
- Electrical Stators/Rotors
- Electric Motors
- Magnetic Coils
- Transformers
- Others
Market Breakup by End Use
- Automotive Industry
- Electronics Industry
- Infrastructure Industry
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global motor lamination companies. Some of the major key players explored in the report are as follows:- Sinotech Inc.
- Godrej & Boyce Mfg. Co. Ltd.
- Tempel Steel Company
- LCS Company
- HV Wooding Ltd.
- Polaris Laser Laminations LLC
- Partzsch Group
- Thomson Lamination Company
- EuroGroup Laminations S.p.A.
- Pitti Engineering Limited
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Motor Lamination Market Analysis
8.1 Key Industry Highlights
8.2 Global Motor Lamination Historical Market (2018-2022)
8.3 Global Motor Lamination Market Forecast (2023-2028)
8.4 Global Motor Lamination Market by Material Type
8.4.1 Steel
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Cold Rolled Non-Oriented Steel
8.4.1.3.2 Cold Rolled Non-Grained Oriented Steel
8.4.1.3.3 Silicon Steel
8.4.2 Nickel Alloys
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Cobalt Alloys
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Motor Lamination Market by Technology
8.5.1 Welding
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Bonding
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Stamping
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Motor Lamination Market by Application
8.6.1 Electrical Stators/Rotors
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Electric Motors
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Magnetic Coils
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Transformers
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Motor Lamination Market by End Use
8.7.1 Automotive Industry
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Electronics Industry
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Infrastructure Industry
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Motor Lamination Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Motor Lamination Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Motor Lamination Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Motor Lamination Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Motor Lamination Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Motor Lamination Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sinotech Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Godrej & Boyce Mfg. Co. Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Tempel Steel Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 LCS Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 HV Wooding Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Polaris Laser Laminations LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Partzsch Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Thomson Lamination Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 EuroGroup Laminations S.p.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Pitti Engineering Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Sinotech Inc.
- Godrej & Boyce Mfg. Co. Ltd.
- Tempel Steel Company
- LCS Company
- HV Wooding Ltd.
- Polaris Laser Laminations LLC
- Partzsch Group
- Thomson Lamination Company
- EuroGroup Laminations S.p.A.
- Pitti Engineering Limited
Methodology
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