Motor laminations, also known as electrical steel, are created by using electrical steel sheets. The metal sheets in motor laminations are stacked and then bonded to form the core of an electric motor’s stator and rotor. Adding silicon raises its electrical resistance, and improves the capacity of magnetic fields to penetrate it. It also decreases hysteresis loss.
The motor lamination market is an important and growing industry that plays a key role in the manufacturing of electric motors. The market is prominently driven by the increasing demand for energy-efficient electric motors in various industries, such as automotive, aerospace, and industrial automation.
What Are the Key Market Insights?
The global motor lamination market was valued at USD 20.44 billion in 2022 and is predicted to reach USD 44.93 billion with a CAGR of 8.3% during the forecast period. According to the report, the market in Asia Pacific is expected to witness significant growth over the foreseen period. The market for motor lamination The market is primarily segmented based on technology, motor type, vehicle type, material type, electric vehicle type, and application.
What Are the Driving Forces Influencing Industry Growth?
Which Companies Dominate the Market?
Some of the key market players include Tempel, Pitti Engineering, Alinabal, EuroGroup Laminations, Bourgeois Alliance Steel, Metglas, Lawkim Motors, Sinotech, United States Steel, Lamination Specialties, LCS Company, Polaris Laser Laminations & Partzsch Group.
These companies offer a range of motor lamination products and services, including customized lamination designs, production, and distribution. In addition, as the demand for energy-efficient electric motors continues to grow, the market is becoming increasingly competitive, with new entrants expected to emerge in the coming years.
Recent Launches and Acquisition
What Is the Future Outlook?
The motor lamination market is expected to experience significant growth in the coming years. The increasing demand for electric vehicles and renewable energy sources such as wind and solar power is expected to drive the growth of the market. The market is also likely to benefit from the increasing adoption of automation and robotics in manufacturing processes.
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