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Automotive Motor Lamination Market Segmented By Motor Type such as Electronic stability control motor, ABS Motor with Material Type such as ilicon Steel, Cobalt Alloys, Cold Rolled Lamination Steel, Nickel Alloys, Grain-oriented
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.
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|Based on the Material Type||
|Based on the Vehicle Type||
|Based on the End use||
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.
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.
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 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.