1. Industrial motor industry chain structure The industrial motor industry chain mainly includes upstream raw material and component supply, midstream industrial motor processing and manufacturing links, and downstream application areas. Upstream raw materials include electrolytic copper, alloy steel, silicon steel, insulation materials, etc., and components include stator, rotor, winding, shell, etc; The midstream is the manufacturing process of industrial motors, including types such as AC motors and DC motors; Downstream applications include water equipment, comprehensive power equipment, wind power equipment, thermal power equipment, household equipment, and other fields. The production and price of raw materials such as electrolytic copper, steel, and insulation materials directly affect the production cost and manufacturing quality of industrial motors. In recent years, with the expansion of production capacity, domestic electrolytic copper production has continued to rise, reaching 12.988 million tons in 2023, with an average annual compound growth rate of 7.34% in the past five years; The production of steel is also constantly increasing, reaching 1.363 billion tons in 2023, an increase of 1.67% compared to the previous year; The output of insulation material products continues to grow, reaching approximately 2.5451 million tons in 2023, with an average annual compound growth rate of 4.16% over the past five years.
2. Development Status and Market Trends of Industrial Motor Industry: Against the backdrop of global energy consumption reduction, the European Union, as well as countries and regions such as France and Germany, have introduced efficient and energy-saving policies to accelerate the development of the global industrial motor industry. In 2022, the global industrial motor production was 1257.15 million kilowatts, and it is expected to reach 1583.65 million kilowatts by 2025. Affected by changes in market demand, fluctuations in raw material supply, and the macroeconomic environment, the production of AC motors in China will decrease to 368 million kilowatts in 2023, a year-on-year decrease of 14.25%. It is expected to rebound to 392 million kilowatts by 2024. Market size: The industrial motor market has a considerable scale globally and continues to grow. According to data, the global motor market size is expected to reach approximately $16 billion in 2023, and is projected to reach $21 billion by 2025, with a compound annual growth rate (CAGR) of approximately 4.8%. In China, the motor market size will be approximately 22.345 billion yuan in 2022, accounting for 28% of the global market size, and will reach 50 billion yuan by the end of 2023. With the continuous improvement of energy efficiency, performance, reliability and other aspects of industrial motors, the demand for high-efficiency and energy-saving motors in various fields is constantly increasing, and the size of the Chinese industrial motor market is steadily growing.
3. In recent years, China has issued multiple policies to promote the healthy development and innovation of the industrial motor industry, including the "Notice on Organizing the 2024 Industrial Energy Conservation Supervision Work", which provides the industry with broad market prospects and a favorable environment. In addition, the "14th Five Year Plan for the Development of Intelligent Manufacturing" lists motor production equipment as an emerging industry, aiming to promote the application of intelligent and energy-saving motors. Energy conservation, emission reduction, and new energy policies have also expanded the application market of motors in the field of new energy. At the local level, local governments are actively promoting the development of the industrial motor industry by providing tax incentives, financial support, and other measures to encourage enterprises to increase research and development investment, improve product quality and technological level, and promote industrial upgrading and transformation.
4. Competitive advantages in the industrial motor industry: The motor industry continues to improve in energy efficiency, performance, reliability, and other aspects, enhancing overall performance, reducing operating costs, and meeting the demand for high-efficiency and energy-saving motors in the industrial sector. The national and local governments continue to introduce policies to support the development of the motor industry, especially in the field of high-efficiency and energy-saving motors, which has promoted the rapid growth of the industry. With the deepening development of industrial automation and intelligent manufacturing, the application fields of industrial motors have further expanded, including petroleum, bulk chemicals, food, coal products, primary metals, papermaking and other fields.
5. Prediction of Development Trends in the Industrial Motor Industry: With the acceleration of green and low-carbon transformation, high-efficiency and energy-saving motors will become an important direction for market development. Intelligent motors will have higher precision, more flexible control methods, and stronger data processing capabilities to meet the needs of industrial automation and intelligent manufacturing.
6. Prospects, Market Demand, and Trends in the Industrial Motor Industry: Industrial Automation and Intelligent Manufacturing: Driving the Continuous Growth of Demand in the Industrial Motor Market. New energy and electric vehicles: The demand for high-performance motors is showing explosive growth, providing new growth points for the motor market.
