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Motor Lamination Market by Application, Material, Technology, Type, ICE & Electric Vehicle, ATV by Application and Regional Competitive Landscape

08-05-2023 09:22 AM CET | Media & Telecommunications

Press release from: ReportsnReports

Motor Lamination Market

Motor Lamination Market

"Increasing sales of premium vehicles with added safety & comfort features, growing sales of electric vehicles, and technological advancements in autonomous vehicles will drive the growth of the motor lamination market."

The motor lamination market is projected to grow from USD 21.9 billion in 2022 to reach USD 27.6 billion by 2027 at a CAGR of 4.7% during the forecast period. Increasing vehicle sales, developments in autonomous vehicles, and growing sales of luxury vehicles are boosting demand for motors. In addition, the growing demand for safety, performance, and comfort features has increased the number of motors per vehicle. For both these reasons, the demand for motor lamination stacks is growing.

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"Comfort application motors is expected to be the largest motor lamination market in All-terrain vehicles."

The comfort application motors segment is expected to be the largest segment for the All-terrain vehicle motor lamination market during the forecast period. With an increase in the adoption of all-terrain vehicles for varied applications and uses ranging from adventure tourism, farm field touring, and off-road riding to high-end performance drive, which demands a bit of comfort and additional accessories such as electric power steering, powered seats and adaptive light controls are primarily driven by motors and other components. However, the space for comfort motors is limited in the case of ATVs considering that most vehicles are being used for off-roading and thrill driving; the advancements in technology and demand for balanced luxury, the demand for comfort motors will increase in the coming years.

"Bonding would be the largest and fastest manufacturing technology for the motor laminations during the forecast period."

Bonding technology for manufacturing motor laminations will have the largest market share during the forecast period. Bonding eliminates the need for magnetic core rivet joints or welding, which reduces interlaminar loss. The bonded cores have excellent thermal conductivity which produces no hum noise. Various developments in bonding techniques with flexibility for customized requirements are also driving the popularity of the technology. For instance, Precision Micro Ltd. developed an innovative lamination bonding technique that uses the photoresist to protect the material surface during chemical etching as the bonding agent. This process helps provide insulating properties within the stack and can be more cost-effective than traditional bonding and welding. Thus, the demand for bonding technology is expected to increase as motors, and their applications enhance due to the growing adoption of advanced vehicle features.

The future of motor lamination is undergoing a dynamic transformation, fueled by advancements in materials science, manufacturing techniques, and the pursuit of more efficient and sustainable electrical systems. Motor lamination, a critical component in electric motors, is integral to enhancing motor performance and energy efficiency.

Innovations in magnetic materials are at the forefront of this evolution. The development of new alloys and composites with enhanced magnetic properties promises to reduce energy losses, increase power density, and improve overall motor efficiency. These advancements will lead to motors that consume less energy, generate less heat, and deliver higher torque, benefiting a wide range of industries from automotive to industrial automation.

Additive manufacturing, or 3D printing, is revolutionizing motor lamination production. It offers the potential to create intricate and customized laminations with reduced material waste and faster production cycles. This approach allows for more precise designs and optimized geometries, further contributing to improved motor efficiency.

The growing emphasis on sustainability is also shaping the future of motor lamination. Manufacturers are exploring eco-friendly materials and production methods that minimize environmental impact. This aligns with global efforts to reduce carbon emissions and create energy-efficient systems.

Furthermore, the integration of smart technologies such as sensors and data analytics within motor laminations is on the horizon. These innovations enable real-time monitoring, predictive maintenance, and performance optimization, contributing to longer motor lifespans and reduced downtime.

In conclusion, the future of motor lamination is bright with innovation. As magnetic materials, additive manufacturing, sustainability, and smart technologies converge, we can anticipate more efficient, durable, and environmentally conscious electric motors that drive progress across industries and pave the way for a more electrified future.

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