From GlobeNewswire: 2024-05-17 16:00:00

The Global Motor Lamination Market is projected to grow from USD 22.64 billion in 2023 to USD 35.72 billion by 2033, with a CAGR of 4.67%. Motor laminations, internal structures in electric motors, reduce energy losses and improve efficiency. MIT’s engineering team created a 1 MW motor for larger aircraft, demonstrating the potential of motor laminations. The steel segment is expected to lead the market, with welding technology growing the fastest. The light commercial vehicles segment will hold a significant share due to the increasing demand for electric and hybrid vehicles. The comfort sector is predicted to dominate the market, driven by the need for smoother, quieter performance. Asia Pacific is expected to lead the market, with Europe showing rapid growth due to infrastructure expansion and sustainable energy solutions. Companies like Tempel, EuroGroup Laminations, and Laser Technologies are key players in the market. In March 2023, EuroGroup Laminations reported significant revenue growth in their EV and Automotive division. The global motor lamination market is segmented by material, technology, vehicle type, application, and region, with a forecast until 2033.



Read more at GlobeNewswire: Global Motor Lamination Market Size To Exceed USD 35.72