High efficiency and energy saving into the mainstream trend, the motor industry reshuffle period is approaching
As a power source for electrical appliances or various machines, motors play a pivotal role in the global industrial automation market. With the completion of this industry reshuffle, the global motor market will meet the challenges of the new year with a new look and a more positive attitude.
Recently, the Overseas Chinese Chinese Blue Book: Overseas Chinese Research Report (2017), jointly published by the Overseas Chinese and Chinese Research Institute of Huaqiao University and the Social Science Literature Publishing House, pointed out that China's exported electrical and electrical products are popular.
In 2018, motor products were printed. At present, from a global perspective, the application of electric motors is quite extensive. It is no exaggeration to say that there may be a motor in the place where there is movement.
According to the AIEE survey data of the Institute of Electrical Engineers, the global industrial motor market in 2016 was 613.88 billion US dollars, and the market size will increase to 653 billion US dollars in 2017. Another agency expects that global industrial motors will exceed the $800 billion mark by 2020.
Among them, the Chinese market has been particularly outstanding in recent years. On the one hand, China has always had a large advantage in labor costs, which not only benefits the development of local enterprises, but also attracts more and more internationally renowned companies. Despite the influx of foreign-funded enterprises, the competitiveness of the domestic market has risen sharply, but it has also promoted the growth of the domestic motor industry.
At the same time, during the “Twelfth Five-Year Plan” period, the “Motor Energy Efficiency Improvement Plan (2013-2015)” prepared by the Ministry of Industry and Information Technology and the General Administration of Quality Supervision, Inspection and Quarantine also proposed to improve the energy efficiency of the motor and promote the upgrading of the motor industry. Encouraged by the follow-up series of supportive policies, China's motor industry has entered a period of steady development.