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Motor Lamination Market Insights on Scope and Growing Demands 2030

Motor Lamination Market was valued $ 15.93 Bn in 2023 and is expected to reach $ 23.08 Bn by 2030, at a CAGR of 5.44% during the forecast period.

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Motor Lamination Market Insights on Scope and Growing Demands 2030

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  1. MOTOR LAMINATION MARKET GLOBAL ANALYSIS REPORT 2024-2030 Published by: Kadambari Jedhe

  2. Market Size & Overview: The global motor lamination market was valued at approximately USD 15.93 billion in 2023 and is projected to reach USD 23.08 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.44% during the forecast period. Motor laminations, primarily made from silicon steel, are essential components in electric motors, enhancing their efficiency by reducing energy losses.

  3. Market Growth & Opportunities The market is experiencing growth due to the rising demand for luxury and electric vehicles, driven by stringent emission norms and increasing consumer preferences. The expansion of industries such as automotive, industrial, oil & gas, and consumer goods further fuels the demand for motor lamination materials. Advancements in bonding technologies, which offer higher precision and reduced eddy current losses, present significant opportunitiesfor market expansion. Sample Request

  4. Market Segmentation by Material Type by Electric Vehicle Type oSteel oBattery Electric Vehicles oNickel Alloys oHybrid Electric Vehicles oCobalt Alloys oPlug-in Hybrid Electric Vehicles oOthers by Technology by Vehicle Type oWelding oPassenger Car oBonding oLight CommercialVehicles oOthers oTruck oBus

  5. Regional Analysis: ▪ North America: The motor lamination market in North America generated revenue of USD 4.26 billion in 2023 and is expected to reach USD 5.42 billion by 2030, with a CAGR of 3.5% from 2024 to 2030. The welding technology segment was the largest revenue generatorin 2023 and is projected to continue its dominance. ▪ Europe: The European market is witnessing growth due to the increasing adoption of electric vehicles and stringent emission regulations. Countries like Germany, France, and the UK are leading in the implementation of advanced motor technologies, contributing to the demand for motor laminations. ▪ Asia-Pacific (APAC): APAC has emerged as a hub for automotive production, with countries like China and India at the forefront. The region's market is driven by the facilitative regulatory policies and the increasing production of vehicles equipped with advanced comfort and safety features, leading to a higher demand for motorlaminations.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

  7. Merges and Acquisition 1. Schweizer Electronic AG & Meiko Electronics – A strategic partnership aimed at expandingproductioncapacity and innovationin high-performance motorlaminations. 2. Norican Group & Italpresse Gauss – A merger to strengthen capabilities in metal casting solutions, enhancingthe supply chain for motorlaminations. 3. Voestalpine AG & Tempel Steel Company – Acquisition to expand Voestalpine's footprint in the motorlaminationmarket, improvingits manufacturing capabilities. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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