Against the backdrop of a global energy crisis and increasingly severe environmental issues, the motor industry, as a key area in energy conversion and transmission, is undergoing unprecedented changes. Motors are not only widely used in industrial manufacturing, transportation, household appliances, defense technology, and other fields, but also play a crucial role in emerging industries such as new energy vehicles and intelligent manufacturing.
In recent years, the global motor market size has been steadily growing. According to the "2024-2029 Motor Industry Status and Future Development Trend Analysis Report" by CIRN, the global market size of brushless DC motors was approximately $21 billion in 2023 and is expected to further expand by 2025. In the Chinese market, the total production of motors in 2023 was about 1.032 billion MW, a decrease of 3.2% year-on-year, but the sales revenue saw a slight increase, with a total annual sales revenue of approximately 210.2 billion RMB, a year-on-year growth of 1.9%. In the segmented market, the production of low-voltage motors was about 872 million MW, down 3.5% year-on-year; high-voltage motor production was about 160 million MW, down 1.2% year-on-year; AC motor production was about 926 million MW, down 2.9% year-on-year; and DC motor production was about 106 million MW, down 6.1% year-on-year.
From the perspective of segmented categories, the sales revenue of low-voltage motors in 2023 was about 156.4 billion RMB, an increase of 3.6% year-on-year; the sales revenue of high-voltage motors was about 53.8 billion RMB, a decrease of 2.9% year-on-year; the sales revenue of AC motors was about 185 billion RMB, an increase of 2.9% year-on-year; and the sales revenue of DC motors was about 25.2 billion RMB, a decrease of 6.1% year-on-year. These data indicate that despite the decline in total production, the sales revenue of low-voltage and AC motors achieved growth, showing the increasing market demand for high-efficiency and energy-saving motors.
In terms of imports and exports, the total import value of Chinese motors in 2023 was about 26.76 billion RMB, a decrease of about 5% year-on-year; the total export value was approximately 93.46 billion RMB, a decrease of about 1% year-on-year. In terms of segmented categories, the import proportion of AC motors increased, with an annual import proportion of about 41.3%, a year-on-year growth of 2.4%; the import proportion of DC motors decreased, with an import proportion of about 24.8%, a year-on-year decrease of 2%. In terms of exports, DC motors and DC generators (output power >375kWV) and (750W < output power<375kW) saw rapid export growth, with year-on-year increases of 54% and 13%, respectively.
With the global emphasis on carbon emission targets and increasing environmental awareness, high-efficiency and energy-saving motors have become the main development trend in the future of the motor industry. Various countries have successively introduced policies related to high efficiency and energy savings, leading to rapid growth in the industrial motor sector. In China, the nation has set energy efficiency standards for AC motors, setting IE3 as the minimum standard and IE5 as the ultra-high level. The widespread application of high-efficiency and energy-saving motors not only reduces the energy consumption of industrial production but also improves the reliability and lifespan of equipment.
The demand for high-efficiency and reliable motors in automation and intelligent manufacturing is increasing. The integration of sensors, the Internet of Things (IoT), and artificial intelligence (AI) technologies enables motors to control and optimize their operating status more precisely, thereby achieving energy saving, extending their lifespan, and reducing maintenance costs. Intelligent AC motors can achieve automatic adjustment, fault diagnosis, remote control, and other functions to adapt to different working environments and needs. In the future, with the continuous development of intelligent technology, motors will become more intelligent, adaptive, and efficient.
In terms of materials, design, and manufacturing processes, the motor industry continues to innovate, improving the performance, efficiency, and reliability of motors. For example, adopting new magnetic materials, optimizing motor structures, and improving manufacturing process precision effectively enhances the energy efficiency ratio and output power of motors. Additionally, significant progress has been made in high-efficiency cooling technology, high-voltage flat wire stator PDIV insulation technology, low-noise performance under all working conditions, and new motor topologies and structures.
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