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Motor Lamination Market worth $34.49 billion by 2030, growing at a CAGR of 5.68% - Exclusive Report by 360iResearch
Motor Lamination Market | 360iResearch
The Global Motor Lamination Market to grow from USD 23.41 billion in 2023 to USD 34.49 billion by 2030, at a CAGR of 5.68%.
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Motor lamination refers to the process and the product of creating thin layers of electrical steel, also known as silicon steel, which are stacked and used in constructing the cores of electric motors and transformers. The motor lamination market encompasses producing and distributing laminated steel cores to fabricate motor and transformer units. These laminations are critical in reducing energy losses due to eddy currents in electric motors, generators, and transformers. Increasing demand for electric vehicles (EVs) and the global trend towards high-efficiency motors owing to energy efficiency regulations drive market demand. The high cost of motor lamination and the technological complexity associated with it require advanced manufacturing capabilities, hampering market growth. Advances in materials used for lamination production could lead to breakthroughs in motor efficiency. Increasing adoption of industrial automation and robotics across various industries to improve precision and reduce costs is expected to create growth opportunities in the market.
The demand for motor laminations in the Americas is largely driven by advancements in the automotive industry, particularly the growing shift towards electric vehicles (EVs). Additionally, industrial automation and energy-efficient practices in manufacturing sectors are key contributors to the region's demand. The United States leads in technological innovation and adoption, which drives demand for high-quality, precision motor laminations. In the EMEA region, the European segment holds a significant lead due to stringent energy efficiency regulations, a robust automotive industry, and a commitment to renewable energy development. There is a high demand for motor laminations in wind turbines and additional renewable energy applications. The Middle East is an emerging market, with infrastructure development potentially driving demand for motor laminations in the oil and gas and construction industries. Africa, while a smaller market, shows potential for growth with urbanization and industrialization trends creating opportunities for electric motor application in various sectors. The Asia-Pacific region is anticipated to exhibit significant growth in the motor lamination market, largely due to the burgeoning manufacturing sector, particularly in China and India. The rise of consumer electronics, automotive manufacturing, and industrial applications, combined with a substantial population base, contributes to the increasing demand for motor laminations.
Market Segmentation & Coverage:
This research report categorizes the Motor Lamination Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Cobalt Alloys, Nickel Alloys, and Silicon Steel. The Cobalt Alloys is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Bonding, Stamping, and Welding. The Welding is projected to witness significant market share during forecast period.
Based on Motor Type, market is studied across AC Motors and DC Motors. The AC Motors is further studied across Induction AC Motors and Synchronous AC Motors. The DC Motors is further studied across Self-Excited DC Motors and Separately Excited DC Motors. The Self-Excited DC Motors is further studied across Series Motor and Shunt DC Motor. The AC Motors is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Commercial, Industrial, Residential, and Transportation. The Residential is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.16% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Motor Lamination Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Motor Lamination Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Motor Lamination Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd, Aichi Steel Corporation, ANDRITZ Kaiser GmbH, Arnold Magnetic Technologies, Brandauer, Coleherne Engineering Ltd., El-Met Parts, Foshan Shunge Steel Trading Co., Ltd., Godrej & Boyce Manufacturing Company Limited, Hidria d.o.o., Hitachi Energy Ltd., HV Wooding Ltd., Johnson Electric Holdings Limited, Lammotor, LCS Company, Magcore Lamination India Pvt Ltd, Midland Tool Design Limited, Mitsubishi Electric Corporation, Motor Components Ltd., Nidec Corporation, Photofab Limited, Precision Micro Ltd., Schneider Electric SE, Shenzhen Jiaye Industrial Equipment Co., Ltd., Siemens AG, Sinotech, Inc., Tempel, Thomson Lamination Company, Inc., Toshiba Corporation, and Yaskawa Electric Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Motor Lamination Market, by Material
7. Motor Lamination Market, by Technology
8. Motor Lamination Market, by Motor Type
9. Motor Lamination Market, by End-User
10. Americas Motor Lamination Market
11. Asia-Pacific Motor Lamination Market
12. Europe, Middle East & Africa Motor Lamination Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Motor Lamination Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Motor Lamination Market?
3. What is the competitive strategic window for opportunities in the Motor Lamination Market?
4. What are the technology trends and regulatory frameworks in the Motor Lamination Market?
5. What is the market share of the leading vendors in the Motor Lamination Market?
6. What modes and strategic moves are considered suitable for entering the Motor Lamination Market?
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