PUBLISHER: Grand View Research | PRODUCT CODE: 1530594
PUBLISHER: Grand View Research | PRODUCT CODE: 1530594
Motor Lamination Market Size & Trends
The global motor lamination market size was estimated at USD 23.90 billion in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030. The market is experiencing robust growth driven by the burgeoning demand for advanced electronic devices such as smartphones, electric vehicles, and renewable energy systems. The market is also experiencing significant growth due to the increasing demand for energy-efficient motors in various industries, including automotive, aerospace, and consumer electronics, among others. Technological advancements in electrical steel grades and lamination manufacturing processes, along with the rising emphasis on electric vehicles and renewable energy applications, are further propelling this market forward.
Motor lamination is a crucial process in the manufacturing of electric motors and transformers, which involves the stacking of thin sheets of electrical steel to form a core. This technique is essential because it significantly reduces eddy current losses, which in turn improves the efficiency and performance of these devices. The sheets used in lamination are coated with an insulating film, and the precise geometry of the laminations is designed to support the efficient operation of the motor by directing the magnetic flux smoothly. By minimizing energy losses, motor lamination enhances the operational capacity of motors, longevity and reliability in various industrial and commercial applications.
As more companies and governments worldwide invest in sustainable practices and technologies, the demand for high-efficiency electric motors will further drive the motor laminations market. This scenario is fostering innovations and expansions within the motor lamination industry, making it a dynamic and rapidly evolving market with substantial opportunities for manufacturers and suppliers.
Global Motor Lamination Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the motor lamination market on the basis of technology, material, application, end use and region:
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE