Investment Rating - The report does not explicitly provide an investment rating for the industrial motor industry Core Insights - The industrial motor market in China is experiencing continuous growth, driven by the development of manufacturing and industrial automation, as well as the green transformation spurred by the rise of the new energy and energy-saving industries [1][32] - The industrial motor industry is characterized by high efficiency, lightweight and miniaturization, and intelligence, which are essential trends for its development [7][10][11] Industry Definition - Industrial motors are electric motors used in industrial applications, including servo motors, stepper motors, micro motors, hoists, and traction machines, converting electrical energy into mechanical energy [2][3] Industry Classification - The industrial motor industry can be classified based on application fields into power motors and control motors, and by power type into DC motors and AC motors [3][6] Industry Characteristics - High Efficiency: Improving motor efficiency by 1% can save over 260 billion kWh annually in China, with a 5%-8% increase in system efficiency equating to the annual output of two to three Three Gorges dams [7] - Lightweight and Miniaturization: The trend towards lightweight and miniaturized motors is driven by market demand, especially in sectors like aerospace, electric vehicles, and medical devices [9] - Intelligence: The integration of mechatronics and advanced technologies is leading to the development of intelligent motors, enhancing manufacturing processes [10] Development History - The industrial motor industry in China began in 1905 and has evolved through various stages, with significant advancements post-1978 due to reforms and technology imports, leading to a mature industry by 2015 [11][15] Industry Chain Analysis - The upstream of the industrial motor industry includes raw materials like steel, magnetic materials, and copper, which account for over 50% of production costs [16][22] - The midstream consists of manufacturing processes, with a focus on AC motors dominating the market [26] - The downstream applications include agriculture machinery, engineering machinery, and sectors like coal and petrochemicals [28][31] Market Size - The industrial motor market size grew from 325.64 billion RMB in 2018 to 387.36 billion RMB in 2023, with a projected growth to 452.37 billion RMB by 2028, reflecting a compound annual growth rate (CAGR) of 3.33% [32][34] Policy Overview - Various government policies are promoting the development of high-efficiency and energy-saving motors, which are crucial for the industry's sustainable growth [38][41] Competitive Landscape - The industrial motor industry features a tiered structure, with leading foreign brands like Siemens and ABB in the first tier, followed by domestic brands such as Wolong Electric and Dayang Electric in the second tier, and numerous small enterprises in the third tier [39][40]
企业竞争图谱：2024年工业电机 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2025-01-17 12:01