According to the research report, the global motor lamination market was valued at USD 21.92 billion in 2023 and is expected to reach USD 44.93 billion by 2032, to grow at a CAGR of 8.4% during the forecast period.
Market Overview:
The motor lamination market revolves around the production and use of laminated cores for electric motors, generators, and transformers. Motor laminations are thin steel sheets stacked together to form the core of electric machines, significantly enhancing their efficiency by reducing energy losses caused by eddy currents. These laminations are critical components in motors used across industries, including automotive, industrial machinery, consumer electronics, and renewable energy systems.
As the world moves toward electrification and energy efficiency, the demand for high-quality motor laminations has increased. Their role in reducing energy consumption and improving motor performance positions the motor lamination market as a vital segment in the global industrial landscape.
Market’s Growth Drivers:
Rising Adoption of Electric Vehicles (EVs)
The growing demand for electric and hybrid vehicles is a major driver for the motor lamination market. Motors used in EVs require efficient laminations to ensure optimal performance and energy savings, driving the need for advanced lamination technologies.
Growth in Renewable Energy Installations
The expansion of wind and solar energy projects has fueled the demand for generators, which heavily rely on motor laminations for efficient energy conversion. This trend aligns with the global push for clean and sustainable energy solutions.
Focus on Energy Efficiency Standards
Governments and regulatory bodies worldwide are enforcing stricter energy efficiency standards for electric motors used in industries and appliances. This has led to an increased demand for high-performance laminations that comply with these regulations.
Industrial Automation and Robotics
The surge in industrial automation and the adoption of robotics require highly efficient motors for various applications. Motor laminations play a crucial role in ensuring these motors operate effectively, contributing to the market’s growth.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/motor-lamination-market/request-for-sample
Competitive Insight:
- Tempel
- Pitti Engineering
- Alinabal
- EuroGroup Laminations
- R. Bourgeois Alliance Steel
- Metglas
- Lawkim Motors Group
- Sinotech
- United States Steel Corporation
- Lamination Specialties Incorporated
- LCS Company
- Polaris Laser Laminations LLC
- Partzsch Group
Recent Developments in the Motor Lamination Market:
- United States Steel Corporation Extends GALVALUME Coil Warranties (January 2023)
In January 2023, United States Steel Corporation announced a major enhancement to its warranty policy for GALVALUME coils used in commercial and residential building construction. The updated warranties, now ranging from 40 to 60 years, mark a significant improvement from the previous duration of 20 to 25 years. This initiative aims to provide U.S. customers with greater confidence and long-term value in their purchases. - Alinabal Acquired by Akoya Capital Partners and PNC Mezzanine Capital (August 2022)
In August 2022, Akoya Capital Partners and PNC Mezzanine Capital completed the acquisition of Alinabal, a leading provider of precision components. The acquisition brought in executive leadership expertise and financial resources, enabling Alinabal’s long-time owners to transition ownership to the next generation. This strategic move is set to drive the company’s growth and innovation in the coming years.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Motor Lamination Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Motor Lamination Market, Motor Type Outlook (Revenue, USD Billion, 2019-2032)
- Wiper motor
- Starter motor
- EGR Motor
- Fuel pump motor
Motor Lamination Market, Application Outlook (Revenue, USD Billion, 2019-2032)
- Performance
- Comfort
- Safety
Motor Lamination Market, Vehicle Type Outlook (Revenue, USD Billion, 2019-2032)
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Bikes
Motor Lamination Market, Material Type Outlook (Revenue, USD Billion, 2019-2032)
- Cold-Rolled Non-Oriented Steel
- Cold-Rolled Non-Grained Steel
Motor Lamination Market, Technology Type Outlook (Revenue, USD Billion, 2019-2032)
- Welding
- Bonding
- Stomping
Motor Lamination Market, Electric Vehicle Type Outlook (Revenue, USD Billion, 2019-2032)
- BEV
- PHEV
- FCEV
The motor lamination market is poised for robust growth as industries prioritize energy efficiency, electrification, and sustainable practices. With advancements in materials and manufacturing technologies, the market is set to play a pivotal role in shaping the future of electric motors and related applications across diverse sectors.
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