Middle East & Africa Motor Lamination Market Size & Outlook
The motor lamination market in Middle East & Africa is expected to reach a projected revenue of US$ 2,905.0 million by 2030. A compound annual growth rate of 4.5% is expected of Middle East & Africa motor lamination market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,137.0
Forecast, 2030 (US$M)
$2,905.0
CAGR, 2024 - 2030
4.5%
Report Coverage
Middle East & Africa
MEA motor lamination market highlights
- The MEA motor lamination market generated a revenue of USD 2,137.0 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, welding was the largest revenue generating technology in 2023.
- Welding is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 2,137.0 million |
| Market revenue in 2030 | USD 2,905.0 million |
| Growth rate | 4.5% (CAGR from 2024 to 2030) |
| Largest segment | Welding |
| Fastest growing segment | Welding |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Welding |
| Key market players worldwide | Lamination Specialties, Pitti Engineering, Polaris Industries, Tempel Group, Wingard & Co, LCS Company, Precision Micro |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.9% of the global motor lamination market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,695.3 million by 2030.
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Motor Lamination Market Scope
Motor lamination market segmentation & scope
Material
Cobalt Alloys
Nickel Alloys
Cold-Rolled lamination Steel
Silicon Steel
Application
Electrical Stators/Rotors
Magnetic Coils
Transformers
End Use
Automotive
Electronics
Manufacturing
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Motor Lamination Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Precision Micro | View profile | - | Erdington, Birmingham, United Kingdom, Europe | https://www.precisionmicro.com/ |
| LCS Company | View profile | - | Saint Paul, Minnesota, United States, North America | http://www.lcscompany.com/ |
| Wingard & Co | View profile | 101-250 | Baltimore, Maryland, United States, North America | https://wingardcompany.com |
| Tempel Group | View profile | 101-250 | Lisbon, Lisboa, Portugal, Europe | https://www.tempelgroup.com/ |
| Pitti Engineering | View profile | 1001-5000 | Hyderabad, Andhra Pradesh, India, Asia | http://www.pitti.in |
| Lamination Specialties | View profile | 51-100 | Chicago, Illinois, United States, North America | https://www.laminationspecialties.com |
| Polaris Industries | View profile | 5001-10000 | Long Lake, Minnesota, United States, North America | http://www.polaris.com/en-us |
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