Analysis of the Development Prospects of the Motor Industry
Resource: www.chinabgao.com, China Electronic Components Association
In recent years, the sales revenue of China's motor manufacturing industry has increased rapidly year by year. The following is the analysis of the future development of the industry.
According to the power section, the motor can be divided into five categories: large motor, small and medium motor, fractional motor, micro motor and power tool. A micro motor is a motor with a rated power of less than 750W. It is mainly used in four sectors, namely information processing equipment, automobiles, home appliances, and audio-visual equipment.
The data of the China Electronic Components Association shows that from January to February in 2019, micro motors’ total volume of import and export in China is US$222 million, down 0.37% year-on-year. The trade surplus was US$115 million, up 24.41% year-on-year. The export value was US$169 million, with a year-on-year growth of 6.90%. The import value was US$54 million, with a year-on-year decrease of 17.94%.
In terms of export value, China's micro motor exports are mainly concentrated in the United States, the Netherlands, Japan and other countries or regions, of which includes $23 million to the United States with a year-on-year increase of 21.90%, accounting for about 13.7%. Besides, the export to the Netherlands was $21 million while the year-on-year growth was 45.92%, accounting for 12.7%, and the export to Japan was US$17 million, up 1.40% year-on-year, accounting for 9.9%.
What’s more, the promotion of motor’s energy efficiency is an important way for China to achieve the targets of energy conservation and emission reduction. Actually, the motor is increasingly efficient. Compared with 2014, in 2019, the energy efficiency ratio of IE1 motor will drop by 17.2 percentage points, while that of IE2 motor will increase by 4.2 percentage points. The energy efficiency ratio of IE3 and the follow will increase by 14.6 percentage points.
In fact, electricity consumption accounts for over 50% of total energy consumption, while the consumption of motor accounts for more than 50% of the total electricity consumption. Therefore, the motor has become one of the greatest potential industries in energy conservation and emission reduction.