WOLONG ELECTRIC(SH:600580) Sou Hu Cai Jing·2025-08-14 13:42Core Viewpoint - Wolong Electric Drive Group Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, aiming to capitalize on the growing demand for electric drive system solutions globally [3]. Company Overview - Wolong Electric Drive specializes in the research, production, sales, and service of electric drive system solutions, focusing on five core segments: explosion-proof electric drive systems, industrial electric drive systems, HVAC electric drive systems, new energy transportation electric drive systems, and robotic components and systems [3][4]. - According to Frost & Sullivan, Wolong Electric Drive ranks first in the global explosion-proof electric drive system market with a market share of approximately 4.5%, fourth in the industrial electric drive system market with a share of about 2.8%, and fifth in the HVAC electric drive system market with a share of around 2.0% [3]. Market Growth Projections - The global electric drive system solutions market is expected to grow from RMB 674 billion in 2020 to RMB 1,338 billion by 2029, with a compound annual growth rate (CAGR) of 7.7% from 2020 to 2024 and 8.1% from 2024 to 2029 [4]. - The market segments of explosion-proof, industrial, and HVAC electric drive systems are considered mature and are projected to grow steadily, while new energy transportation and robotic electric drive systems are experiencing rapid growth [4]. Segment-Specific Growth Rates - Explosion-proof electric drive systems are projected to grow from RMB 104.3 billion in 2024 to RMB 123.9 billion by 2029, with a CAGR of 3.5% [8]. - Industrial electric drive systems are expected to increase from RMB 145.7 billion in 2024 to RMB 186.4 billion by 2029, with a CAGR of 5.1% [8]. - HVAC electric drive systems are forecasted to grow from RMB 232.7 billion in 2024 to RMB 313.0 billion by 2029, with a CAGR of 6.1% [8]. - New energy transportation electric drive systems are anticipated to rise from RMB 120.1 billion in 2024 to RMB 256.8 billion by 2029, with a CAGR of 16.4% [8]. - Robotic electric drive systems are projected to grow from RMB 153.8 billion in 2024 to RMB 254.3 billion by 2029, with a CAGR of 10.6% [9].