Global Motor Lamination Market: Introduction
Motor lamination is created by using electrical steel laminations. Motor lamination is also called as stator cores, motor cores, rotor lamination or stator lamination. Lamination is the steel portion of rotor and stator consisting of the narrow lamination sheet. Motor lamination helps to increase motor efficiency and to lower the overall cost of the system. Laminations sheets are used to reduce eddy current losses.
The rise in industrial development in the emerging countries such as China, India, and Thailand expected to increase the demand for electricity. Also the increase in uses of automotive motors and vehicle fleet expected to increase the market for motor lamination in the upcoming years.
Global Motor Lamination Market: Segmentation
Globally, the motor lamination market can be segmented on the basis of motor type, material type, vehicle type, and end use, etc.
Based on the Motor Type, the global motor lamination market can be segmented into,
Based on the Material Type, the global motor lamination market can be segmented into,
Based on the Vehicle Type, the global motor lamination market can be segmented into,
Based on the End use, the global motor lamination market can be segmented into,
Global Motor Lamination Market: Dynamics
The increase in installation of new transformers and replacement of old transformer estimated to fuel the demand for motor lamination in the coming year. Also increase in demand for luxury vehicles, electric vehicles, and rising stringency toward emission norms are the driving factors for the motor lamination market. Also, the reduction in the price of hybrid passenger cars and technological improvement in the electric cars and increasing government initiatives for purchasing electric vehicles will likely to increase the adoption of automotive motors. The increase in adoption of automotive motors expected to boost the demand for motor lamination.
The number of motor lamination material choice exist, but these materials are expensive as compared to traditional silicon materials. The high cost of nickel irons and cobalt irons expected to decrease in the market of motor lamination. Also the failure of electronic component will have negative impact on the system and components, which is expected slower down the sales of motor lamination market.
The manufacturer of motor lamination focusing on custom motor laminations. For instance, Sinotech, Inc. provides custom lamination through China, Taiwan, and Korea facilities.
Global Motor Lamination Market: Regional Outlook
The increasing advanced construction equipment in the construction industry expected to increase the market of motor lamination in North America. Europe is expected to follow by North America and estimated to create lucrative growth in the motor lamination market. The expansion of industrial, automotive, and construction industry in the Asia Pacific region, estimated to create the optimum opportunities for motor lamination material. Latin America and Middle East Africa expected to be favourable market owing to the presence of manufacturing hubs for motor assemblies. These region expected to create significant sales for the motor lamination market over the forecast period.
Global Motor Lamination Market: Market Participants
The key manufacturer is adopting the strategies to sustain their positions, which are partnerships and expansions. For instance, in May 2018, Pitti Engineering Ltd. Invested USD 3.0 Mn to expand its manufacturing facilities, which will eventually help to increase its capital investment and demand of its products. Also, in March 2018, Union Partners declared acquisition with the Lamination Specialties Incorporated (LSC).
Some of the key players involved in the motor lamination market include
The research report presents a comprehensive assessment of the motor lamination 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 motor lamination market segments such as motor type, material type, vehicle type, and end use.
The report covers exhaustive analysis on:
Regional analysis includes:
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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 factors on motor lamination market segments and geographies.
The motor lamination is highly demanded in the market to enhance the efficacy of the motor along with lowering the cost of the overall system. Motor lamination demand directly influences the market for lamination sheets as these sheets are used to reduce the eddy current loss.
Scaling Economies Generate Growth Opportunities
Emerging economies such as China, India, and Thailand have been primarily contributing to the expansion of the global market owing to the fast-paced industrial development. The augmenting growth of the automotive sector in these regions is the other factor contributing to market growth. The expansion in the size of the vehicle fleet along with a surge in the adoption of automotive motors accounts for a high adoption rate of motor lamination in the scaling economies.
Besides these parameters, the rise in demand for electric and luxury vehicles and stringent emission norms are also expected to act in favor of the global market during the forecast period. The adoption rate of automotive motors is also escalating with technological advancements in electric vehicles and government initiatives encouraging the adoption of these electric vehicles. The transformers segment is also fueling the growth of the global market. The new installation as well as the replacement of old transformers is estimated to enhance the consumption of motor lamination.
The global market can be segmented into two major motor types including electronic stability control motor and ABS motor. Different prominent materials used in motor lamination include silicon steel, cold-rolled lamination steel, grain-oriented material, cobalt alloys, and nickel alloys. Conventional vehicles and electric vehicles are the two prominent vehicle types in the global motor lamination market. The significant end-use of motor lamination includes consumer appliances, construction sector, power infrastructure, and oil gas energy.
The growth in the construction industry in North America and Europe is expected to impart prominence to these regions in the global market. Besides construction, automotive and industrial sector also has a significant influence on the regional markets. With a surge in the development of these sectors, Asia Pacific is projected to generate revenue pockets for the manufacturers during the forecast period. The high concentration of manufacturing facilities accounts for the growing significance of Middle East Africa and Latin America in the global motor lamination market.
Major market players are collaborating and forming alliances to expand their global presence. For instance, Union partners acquired Lamination Specialties Incorporated. Manufacturers are focused to develop cost-effective and efficient raw materials for motor lamination. They are further expanding their business by providing custom motor laminations which are expected to boost their customer database. Market participants are placing stakes in the automotive sector to gain from the growing demand for motor lamination. They are further stretching their foothold in the scaling economies which are witnessing a rise in the industries consuming motor laminations.
Established players profiled in the global motor lamination market include Alliance Steel, Advanced Technology & Materials Co., Ltd., Laser Technologies, Lamination Specialties Incorporated, Pitti Engineering Ltd., LCS Company, Partzsch Group, Big River Steel Limited, Bourgeois, and Tempel.