Motor Lamination Material Market
Motor Lamination Material Market Study by Steel, Nickel Alloys, and Cobalt Alloys for Electrical Stators/Rotors, Electric Motors, Magnetic Coils, and Transformers From 2024 to 2034
Analysis of Motor Lamination Material Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Motor Lamination Material Market Outlook (2024 to 2034)
The global motor lamination material market is evaluated to reach a value of US$ 23.5 billion in 2024. The market is forecasted to expand at a CAGR of 4.9% to reach US$ 42.51 billion by 2034.
The main reason for the expansion is the rise in automobile sales worldwide, particularly for models that use electricity as their primary or supplementary source of propulsion. Further driving the need for motor laminations is the rise in equipment and vehicle safety regulations. Lamination sheets have changed throughout time in several ways to cut down on fabrication costs and operating time.
In the coming years, motor performance-enhancing technologies are fundamentally anticipated to drive the market. Another important factor driving the market's expansion is the growing need for automation across diverse sectors. In addition, during the last several years, there has been a push for players to make lamination using sustainable, low-emission materials because of the rising need for time- and environment-friendly technology. The use of electric motors has increased because of industrialization and urbanization, creating a huge need for lamination. Furthermore, the reason for this rise is the increased need for HVAC systems, particularly in hot and muggy environments.
Electric machines are less expensive than fossil fuels, need less maintenance, and are better for the environment. They are extensively utilized in robotics, giving them mobility by transforming electrical energy into mechanical energy. Generally, robots are equipped with DC motors that run at low voltages, often between 3 and 12 V. Demand for robots will rise across several industries as consumers want higher standards of quality, and safety, and fewer opportunities for human mistakes. This will thus encourage the use of electric motors and propel the market's expansion.
| Report Attributes | Details |
|---|---|
| Motor Lamination Material Market Size (2024E) | US$ 23.5 Billion |
| Forecasted Market Value (2034F) | US$ 42.51 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.9% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 8.5% CAGR |
| China Market Value (2034F) | US$ 9.84 Billion |
| North America Market Share (2024E) | 29.1% |
| East Asia Market Share (2034F) | 35.4% |
| Key Companies Profiled | Big River Steel; Alliance Steel; Metglas; Tempel; Sinotech; LCS Company; Wingard Manufacturing Solutions; Polaris Laser Laminations; Advanced Technology & Materials Co., Ltd; TEUK Limited |
Motor lamination materials, which are made up of silicon steel help in increasing the electrical resistance of magnetic fields to pass through it. Bonding lamination technology is expected to have a leading revenue share as it helps in thinner laminations. Increasing demand for cars, and electric vehicles, due to the rising emission norms act as drivers for the market growth. Other than that, the application of electric motors in consumer electronics, and automobile motors using electric motors increases the requirement of motor laminations. Recent developments in the sector through research and development and investments by manufacturers are mentioned below.
Big River Steel in December 2020 successfully commissioned the expansion of the SMS Group supplied steel mill. The SMS group supplied 3 million tonnes of mechanical equipment, electrical automation systems, and digitalization technology. With this, Big River Steel operates two electric furnaces and two twin-ladle furnaces. The CSP plant of Big River Steel produces up to 1,930 millimeters wide coil which is making it one of the widest CSP plants in the world. The SMS group is a group of companies active in plant construction and mechanical engineering for the steel and non-ferrous metals industry.
In 2019, EuroGroup Laminations developed a groundbreaking system using glue to firmly fasten laminations together and makes it possible to automatically stack the metal sheets inside the die and maintain excellent magnetic properties. This new technique called GlueFastec, is perfect for a thin lamination sheet. These are used in electric vehicles, as there is a trend to use thinner laminations because of the magnetic characteristics of their core pack. This GlueFastec technology improves motor efficiency allowing for high-speed stamping and assembly of thin materials, without adding mechanical stress.
Motor lamination materials are materials that are used in the fabrication of the motor unit. These materials enhance the properties of the motor unit & reduce losses. In the commercial market, motor lamination is often referred to as stator lamination & rotor lamination. Motor lamination materials are the metal part of the stator & rotor comprised of thin lamination sheets piled together. Motor lamination materials are stacked, welded, and bonded together, depending upon the need of the application.
The motor lamination process is an integral part of motor designing and the selection of motor lamination material is of prime importance as many of the properties largely depend on the motor lamination material used. Heat rise, weight, cost, and motor output are some of the key characteristics, which are extremely influenced by the type of motor lamination material used. Numerous types of motor lamination materials are present in the commercial marketplace.
The choice of motor lamination material for different weights & sizes of the motor assembly depends on various criteria and factors, such as permeability, cost, flux density, and core losses. The processing of the motor lamination material has a large influence on the efficacy of the unit assembled.
In the commercial market, the demand for steel-based products as motor lamination material is prominent. Silicon Steel is turning over as the preferred material of choice in the motor lamination materials market. Adding silicon to steel improves electrical resistance and increases the capability of the magnetic field. Moreover, silicon increases the corrosion resistance ability of silicon steel as a motor lamination material.
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Motor Lamination Material Market: Market Dynamics
Growing demand for high motor efficiency is creating demand for novel motor lamination materials. Expansion of end-use industries, such as industrial, automotive, oil & gas industry, and consumer goods, among others, will create significant demand for motor lamination materials over the forecast period. Key manufacturers are focusing on decreasing the size of motors without changing their prices, which will further create demand space for high-end motor lamination materials.
To increase the performance of motors and reduce heat losses, market participants are investing heavily in formulating novel motor lamination materials. Amorphous iron & nano-crystalline iron are some of the advanced motor lamination materials being used. However, the fabrication of motor lamination material requires lots of energy and mechanical forces, which further increases the overall manufacturing cost of motor lamination materials. Moreover, fluctuating raw material prices hinder the motor lamination materials market.
Motor Lamination Material Market: Region Wise Trends
The growing construction industry demands advanced construction equipment to cater the unmet needs. With this expansion in the construction industry, it is expected that the industry will create growth space for Motor Lamination Material manufacturers in North America & Europe. India, China and SEA & other Pacific countries are likely to generate optimum opportunities for Motor Lamination Material manufacturers due to industrial expansion and expanding automotive & construction industry.
Rapid urbanization and increasing disposable income in the APAC region will augment the growth of the Motor Lamination Material market. Latin America, Middle-East Africa, and Eastern Europe are turning into emerging regions & manufacturing hubs for motor assemblies. It is expected that these regions will create significant sales in the Motor Lamination Material market.
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Examples of some of the market participants across the value chain of the Global Motor Lamination Material Market include
- Big River Steel
- Alliance Steel
- Metglas
- Tempel
- Sinotech
- LCS Company
- Wingard Manufacturing Solutions
- Polaris Laser Laminations
- Advanced Technology & Materials Co., Ltd
- TEUK Limited
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Know thy Competitors
Competitive landscape highlights only certain players
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of the Motor Lamination Material Market Research
-
By Product Type :
- Steel
- Nickel Alloys
- Cobalt Alloys
-
By Application :
- Electrical Stators/Motors
- Electric Motors
- Magnetic Coils
- Transformers
-
By End Use :
- Consumer Appliances
- Power Infrastructure
- Construction
- Oil Gas Energy
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Application 6.3. End Use 7. Global Market Analysis and Forecast, By Product Type 7.1. Steel 7.2. Nickel Alloys 7.3. Cobalt Alloys 7.4. Others 8. Global Market Analysis and Forecast, By Application 8.1. Electrical stators/rotors 8.2. Electric motors 8.3. Magnetic coils 8.4. Transformers 8.5. Others 9. Global Market Analysis and Forecast, By End Use 9.1. Consumer Appliances 9.2. Power Infrastructure 9.3. Construction 9.4. Oil Gas Energy 9.5. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Application, and End Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Big River Steel 20.2. Alliance Steel 20.3. Metglas 20.4. Tempel 20.5. Sinotech 20.6. LCS Company 20.7. Wingard Manufacturing Solutions 20.8. Polaris Laser Laminations 20.9. Advanced Technology & Materials Co., Ltd 20.10. TEUK Limited
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Application
Table 4: Global Market US$ Mn Forecast by End Use
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Product Type
Table 7: North America Market US$ Mn Forecast by Application
Table 8: North America Market US$ Mn Forecast by End Use
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Application
Table 12: Latin America Market US$ Mn Forecast by End Use
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Application
Table 16: Western Europe Market US$ Mn Forecast by End Use
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Application
Table 20: Eastern Europe Market US$ Mn Forecast by End Use
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Product Type
Table 23: East Asia Market US$ Mn Forecast by Application
Table 24: East Asia Market US$ Mn Forecast by End Use
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Application
Table 28: South Asia & Pacific Market US$ Mn Forecast by End Use
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Application
Table 32: MEA Market US$ Mn Forecast by End Use
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How is the motor lamination material market expected to advance?
Increasing research & development of novel motor lamination material and demand for efficient motors are slated to drive market potential.
Which region accounts for the highest motor lamination material demand?
Increasing construction activity and the presence of key motor manufacturers East Asia region are offering lucrative opportunities.
Who are the key motor lamination material suppliers?
Alliance Steel, Metglas, Tempel, Sinotech, and LCS Company are key companies in the global market.
Motor Lamination Material Market