Rolled Steel Motor Market Overview With Detailed Analysis, Competitive Landscape

Posted by Fred Williams on April 15th, 2021

New developments in the rolled steel motor market have facilitated the inception of electrical steel. These electrical steel strips form the heart of electric motors, and determine the efficiency of electric vehicles (EVs). Heavy utilization of electrical steel motors in the EV market has triggered their growing prominence in battery-powered and hybrid electric vehicles (HEVs). Thus, with the increasing adoption of electric vehicles by customers expected in the coming decade, manufacturers in the rolled steel motor market can profit from this trend.

As such, manufacturers in the rolled steel motor market are developing high-performance electrical steel motors that shorten production cycles with low temperature and less pressure for curing in the EV landscape. They are increasing focus on enhancing electromobility in EVs by eliminating the need for mechanical joining and welding to reduce the adverse effects that might affect the magnetic properties of electrical steel motors. For instance, Voestalpine - a steel industry company, announced the launch of isovac® and backlack-v® products that offer exceptional stamping properties and minimal magnetization losses for manufacturers in the EV space.

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