Motor Lamination Market 2019-2023 | Evolving Opportunities with Alliance Steel and EuroGroup Spa | Technavio
LONDON--(BUSINESS WIRE)--Oct 23, 2019--
The global motor lamination market is poised to grow by USD 4.04 billion during 2019-2023, progressing at a CAGR of almost 6% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global motor lamination market 2019-2023. (Graphic: Business Wire)
Read the 120-page research report with TOC on “Motor Lamination Market Analysis Report by Material (silicon steel, cold rolled lamination steel, cobalt alloys, nickel alloys, and other materials), by Geography (APAC, Europe, North America, MEA, and South America), and Segment Forecasts, 2019 - 2023”
The market is driven by the increasing adoption of automotive motors. In addition, the rising popularity of in-wheel microdrive systems is anticipated to further boost the growth of the motor lamination market.
The increasing adoption of automotive motors will be one of the major drivers in the global motor lamination market during the forecast period. The rise in air pollution can be attributed to the fact that most of the fossil fuel-based vehicles emit harmful toxics. The adoption of electric vehicles (EVs) is an effective solution for resolving this issue as they use electric motors and electricity instead of an engine and fossil fuel. The governments are also offering financial incentives to encourage the purchase of EVs. Moreover, the hybrid segment is a prominent segment of the EVs market, owing to its scalability compared with other segments. The reduction in the price of hybrid passenger cars, technological improvements in hybrid and electric cars along with government initiatives will likely increase the adoption of automotive motors, which in turn, will boost the demand for motor lamination.
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Major Five Motor Lamination Market Companies:
Alliance Steel owns and operates businesses under various segments such as hot rolled steel, cold rolled steel, coated steel, pre-paint steel, and stainless steel. The motor lamination product offered by the company is Motor Lam Steel.
EuroGroup Spa operates business under lamination and solutions segment. The company’s key offerings include ELECTRICAL STEEL.
Pitti Engineering Ltd.
Pitti Engineering Ltd. has business operations under tooling, stampings, and machining segments. The product offered by the company is Laminations.
Tempel operates business under one segment, namely magnetic steel laminations. The company’s key offering include Motor and Generator.
United States Steel Corp.
United States Steel Corp. business includes segments: flat-rolled products, U.S. steel Europe, Tubular products, and other businesses. The company’s key offerings in the motor lamination include Cold Rolled Motor Lamination Sheet.
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Motor Lamination Material Outlook (Revenue, USD Million, 2019 - 2023)
Motor Lamination Regional Outlook (Revenue, USD Million, 2019 - 2023)
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PUB: 10/23/2019 11:00 AM/DISC: 10/23/2019 11:01 AM