How will the motor industry develop?


Abstract

As a power source for electrical appliances or various machinery, motors occupy a pivotal position in the global industrial automation market. With the completion of this industry reshuffle, the global motor market will meet the challenges of the new year with a new look and a more positive attitude. Recently, the "Blue Book of Overseas Chinese: Overseas Chinese Research Report (2017)" jointly released by the Overseas Chinese Research Institute of Overseas Chinese University and the Social Science Literature Publishing House pointed out that China's exports of electrical machinery and electrical products are very popular. In 2018, motor products were printed into view. At present, from a global perspective, the motor is widely used, no exaggeration

As a power source for electrical appliances or various machinery, motors occupy a pivotal position in the global industrial automation market. With the completion of this industry reshuffle, the global motor market will meet the challenges of the new year with a new look and a more positive attitude.

 

Recently, the "Blue Book of Overseas Chinese: Overseas Chinese Research Report (2017)" jointly released by the Overseas Chinese Research Institute of Overseas Chinese University and the Social Science Literature Publishing House pointed out that China's exports of electrical machinery and electrical products are very popular.

 

In 2018, motor products were printed into view. At present, from a global perspective, motor applications are quite extensive, it is no exaggeration to say that there may be a motor where there is movement.

 

According to the AIEE survey data of the American Institute of Electrical Engineers, the global industrial motor market size will be 613.88 billion US dollars in 2016 and will grow to 653 billion US dollars in 2017. Another agency predicts that the global industrial motor will break through the $800 billion mark in 2020.

 

Among them, the performance of the Chinese market in recent years is particularly prominent. On the one hand, China has always had a great advantage in labor costs, which is not only conducive to the development of local enterprises, but also attracts more and more international well-known enterprises to settle in. Although the influx of foreign-funded enterprises has led to a sharp rise in the competitiveness of the domestic market, it has also promoted the growth of the domestic motor industry.

 

At the same time, during the "Twelfth Five-Year Plan" period, the "Motor Energy Efficiency Improvement Plan (2013-2015)" organized by the Ministry of Industry and Information Technology and the General Administration of Quality Supervision, Inspection and Quarantine also proposed to improve motor energy efficiency and promote the upgrading of the motor industry. Encouraged by the follow-up series of supportive policies, China's motor industry has entered a period of steady development.

 

From the perspective of motor classification, the development of single-phase motors and servo motors will see new progress in the next few years:

 

01 Single-phase motor

 

Compared with DC motors, single-phase motors are low-power motors, and their competitiveness in the market is slightly inferior. At present, they are mainly used in home appliances, electrical tools, medical devices, etc. However, with the continuous development of the market and the change of consumer demand, medium and low-grade products still occupy the main market, while single-phase motors with relatively low prices may usher in new opportunities.

 

In the past two years, with the rise of the concept of smart home, the home appliance industry has developed rapidly, and it has also driven the development of single-phase motors. Data show that in 2016, the output of single-phase motors was about 0.1 billion kilowatts, accounting for 25% of the motor market. Although the 2017 data is not clear, it is certain that the growth is obvious compared with 2016, and this trend will continue in the next five years.

 

02 Servo motor

 

In the entire motor industry, one of the most concerned products may be the servo motor.

 

As one of the core components of robots, the servo motor market has also opened the door to a new world. In the era of artificial intelligence, the tide of machine substitution is not only promoting the transformation of the robot industry, but also adding a lot of power to the upstream and downstream markets of the industrial chain.

 

Industry analysts said that in the next five years, China's servo motor market will be affected by intelligent transformation and maintain rapid growth. At the same time, the import substitution of domestic servo products will also be accelerated. Although there is no comprehensive breakthrough in core technology, it will be further developed.

 

Global Motor Development Trend

 

Looking back over the past few years, although there are some "small episodes" of global motors, the overall development is good and stable. Looking forward to 2018, the motor market will continue to move forward steadily.

 

efficient.From the perspective of the overall market distribution, relevant data show that low-power motors still occupy a large market, and with the increasingly fierce global competition, if manufacturers want to build a dominant position in the low-power motor market, then high efficiency will become an inevitable trend.

 

Energy saving.Energy saving and emission reduction is a globally recognized sustainable development strategy. Although this ideology appears more in the field of environmental protection, it is also applicable to industrial control. To know the improvement of motor efficiency, it is of great significance to save electric energy. At present, many countries have joined the industry. Therefore, in the future development, energy saving will also be the direction of continuous efforts of motor products.

 

According to the global energy-efficient motor market report released by MarketsandMarkets, the energy-efficient motor market will reach $91.46 billion in 2018, with a compound growth rate of 19.67 percent.

 

The price war continues. High-efficiency and energy-saving motors have won advantages in performance, but in this highly competitive global market, there are not a few products that can match in performance, so price will become a factor in the overall strength of motor products. It should be noted that vicious competition is not desirable. If you only make a fuss about the price and ignore the product quality, you will eventually face only being eliminated.

 

In addition, the merger and reorganization in 2018 will still be staged in the motor industry. At present, due to the impact of many problems such as capital, environmental protection, and loss of workers, many motor-related manufacturers are struggling. In the current market difficulties, and will face new challenges, the motor industry will undoubtedly usher in a change, mergers and acquisitions are inevitable.

 

However, with the completion of this industry reshuffle, the global motor market will take a new look and a more positive attitude to meet the challenges of the new year. According to the forecast of the forward-looking Industrial Research Institute, the global industrial motor market is recovering. In the next five years, the global industrial motor market is expected to develop at an annual growth rate of 7%-7.5.

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