Motor is a device that converts electrical energy into mechanical energy, which is widely used in industry, agriculture, transportation, life and other fields. The motor industry is not only an important pillar industry of the national economy, but also the infrastructure of strategic emerging industries such as new energy, new materials and new technologies. With the global economic recovery and the acceleration of industrialization, the motor industry will usher in a new round of development opportunities.

According to data from the Champ Consulting Group,2022The size of the global motor market in1186Billions of dollars, expected2023Year-round will reach1280billion dollars, with a compound annual growth rate6.8%. Among them, AC motors dominate the market, accounting for more80%It mainly benefits from its low maintenance cost, high reliability and wide range of applications. DC motor is because of its high efficiency, precise control and energy saving advantages, in the automotive, aerospace, medical and other fields has an irreplaceable role.

In terms of regional distribution, the Asia-Pacific region is the world's largest motor market, accounting for approximately40%It is mainly due to the improvement of the level of industrialization in the region, the expansion of infrastructure construction, and the growth of population and income. China is the largest producer and consumer of electrical machinery in the Asia-Pacific region and even in the world,2022The size of China's motor market in368Billions of dollars, expected2023Year-round will reach400billion dollars, with a compound annual growth rate7.2%. China's motor industry is in a critical period of transformation and upgrading, facing challenges and opportunities in energy conservation and environmental protection, intelligent manufacturing, and high-end.

From the perspective of growth momentum, the global motor industry is driven by the following aspects:

Energy conservation and environmental protection: With the increasing global attention to carbon emissions and energy consumption, countries have issued a series of regulations and standards to improve the energy efficiency of motors and promote the use of high-efficiency and energy-saving motors. For example, the European Union in2021Year7New eco-design regulations were implemented in January, which willIE3set as the minimum standard for low-voltage AC motors and setIE5Set to super-efficient level. These measures will promote the popularization and replacement of energy-efficient motors worldwide.

Industrial Automation: With Industrial4.0With the development of intelligent manufacturing, the demand for automation equipment and systems in the industrial field is increasing, which has led to the demand for various types of motors and their controllers, sensors and other supporting products. Especially in the field of discrete manufacturing, such as automotive, electronics, semiconductor and other industries, there is a great demand for high-precision and high-performance motors such as servo motors and electronically commutated motors.

Electric vehicles: With the global pursuit of clean transportation, the market size and penetration of electric vehicles continue to increase, which has driven the demand for electric vehicles. The motor for electric vehicles is one of the core components of electric vehicles, and its performance and quality directly affect the cruising range, power performance and safety of electric vehicles. At present, there are mainly three types of electric vehicle motors on the market, namely permanent magnet synchronous motors, AC asynchronous motors and switched reluctance motors. Each has its own advantages and disadvantages and is suitable for different scenarios and needs.

Of course, the motor industry also faces some challenges and risks, including:

Technological innovation: With the intensification of market competition and the diversification of customer needs, the motor industry needs to continuously carry out technological innovation to improve product performance, quality and added value to meet the requirements of different application scenarios. At the same time, it is also necessary to strengthen the integration and communication with new materials, new processes, new technologies and other fields to develop more competitive products.

Cost control: With the fluctuation of raw material prices and the rise of labor costs, the production costs of the motor industry are facing pressure. Especially in the field of low-end products, due to the high degree of product homogeneity, price competition is more intense, and profit margins are small. Therefore, the motor industry needs to reduce costs and increase profitability by optimizing production processes, improving production efficiency, and achieving economies of scale.

Market supervision: with the increasing global requirements for energy conservation, environmental protection, safety and quality, the supervision of import and export products in various countries is becoming more and more strict. For example, the EU has implementedCEThe certification system requires that all products entering the EU market must meet relevant safety, health and environmental protection standards. This is both a challenge and an opportunity for the motor industry. On the one hand, it is necessary to improve the quality and standards of products to meet the requirements of different markets; on the other hand, it can also enhance brand image and market share.

To sum up,2023The motor industry will show rapid growth, especially in the Asia-Pacific region. At the same time, we also need to pay attention to market changes and customer needs, and strengthen technological innovation and cost control to deal with challenges and risks. Champu Consulting believes that the motor industry has broad development prospects and huge market potential.