Motor Lamination Market by Material (Cobalt Alloys, Nickel Alloys, Silicon Steel), Technology (Bonding, Stamping, Welding), Motor Type, End-User - Global Forecast 2024-2030

Motor Lamination Market by Material (Cobalt Alloys, Nickel Alloys, Silicon Steel), Technology (Bonding, Stamping, Welding), Motor Type, End-User - Global Forecast 2024-2030

The Motor Lamination Market size was estimated at USD 23.41 billion in 2023 and expected to reach USD 24.63 billion in 2024, at a CAGR 5.68% to reach USD 34.49 billion by 2030.

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.

Regional Insights

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 Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Motor Lamination Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing demand for electric vehicles (EVs) worldwide
Global trend towards high-efficiency motors owing to energy efficiency regulations

Market Restraints

High cost associated with motor lamination

Market Opportunities

Increasing adoption of industrial automation and robotics across various industries
Advances in materials used for lamination production

Market Challenges

Technological complexity associated with motor lamination

Market Segmentation Analysis

Material: Significant demand for silicon steel motor lamination due to its balance between cost and performance
Technology: Increasing preference for welding technology as it provides strong and durable bonds
Motor Type: Extensive utilization of induction AC motors owing to their simplicity, ruggedness, and ease of maintenance
End-User: Growing application of high-grade electrical steel for lamination, in the automotive industry

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Motor Lamination Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Motor Lamination Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Arnold Highlights L Type Magnets for Aerospace Market

Arnold Magnetic Technologies has emphasized its advancement in the aerospace sector with L-type laminated magnets, poised to enhance the performance of motors used in aerospace applications significantly. These magnets are engineered to minimize eddy current losses, improving the aerospace motors' efficiency and reliability.

Research Leads to New Alloy from VAC & Lamination Process for Electric Drives

Vacuumschmelze GmbH & Co. (VAC), in an effort to augment the power density of electric motors within automotive and aviation sectors, spearheaded a collaborative project supported by the German Federal Ministry of Education and Research. Within this framework, VAC has made considerable strides by innovating a new SmCo-based permanent magnet alloy, achieving an unprecedented energy density of 282 kJ/m^3, setting a new global benchmark.

Brandauer seal GBP 500k+ funding to charge new lamination technology

Brandauer has secured more than GBP 500,000 of funding to help it create new thin gauge laminates to pioneer thin gauge laminates for an innovative electrification initiative. With this investment, the company aimed to expand proficiency in ultra-thin electric motor laminations.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Motor Lamination Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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.

Market Segmentation & Coverage

This research report categorizes the Motor Lamination Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
Cobalt Alloys
Nickel Alloys
Silicon Steel
Technology
Bonding
Stamping
Welding
Motor Type
AC Motors
Induction AC Motors
Synchronous AC Motors
DC Motors
Self-Excited DC Motors
Series Motor
Shunt DC Motor
Separately Excited DC Motors
End-User
Commercial
Industrial
Residential
Transportation
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year