What is the size of the industrial motor market in 2022? What will be the development trend?

Date : 2022-11-10

Electric motors are widely used in today’s world, and it can even be said that wherever there is motion, there may be electric motors present. In recent years, with the development of power electronics technology, computer technology, and control theory, the global industrial motor market has experienced significant growth. With the emergence of new materials such as rare earth permanent magnet materials and magnetic composite materials, various new, efficient, and special motors are constantly emerging.

After the 21st century, there have been over 6000 types of micro motors in the motor market, and production bases in developed countries have gradually shifted to developing countries. In the past decade, due to the rapid increase in international attention to energy conservation, environmental protection, and sustainable development, the production of high-efficiency motors has become the development direction of industrial motors worldwide. By 2020, in the context of global energy consumption reduction, the European Union, as well as countries and regions such as France and Germany, will introduce efficient and energy-saving policies to further promote the accelerated development of the global industrial motor industry.

The market size of the motor industry in the United States, China, and Europe is relatively large
From the perspective of the division of labor in the global motor market, China is the manufacturing region for motors, while developed countries in Europe and America are the technology research and development areas for motors. Taking micro motors as an example, China is the world’s largest producer of micro motors, while Japan, Germany, the United States, and other countries are the leading forces in micro motor research and development, controlling the technology of most high-end, precision, and new micro motors worldwide.
From the perspective of market share, based on the scale of China’s motor industry and the total global motor scale, China’s motor industry accounts for 30% of the total scale, while the United States and the European Union account for 27% and 20% respectively.

The market prospects for motor automation production equipment are broad
Industrial motors are a key field for motor applications, and without efficient motor systems, advanced automated production lines cannot be built. It is reported that the electric motor industry has not yet achieved complete automation of its production and manufacturing processes worldwide. In processes such as winding and assembly, a combination of manual labor and machines is still required, making it a semi labor-intensive industry. But with the passing of the era of labor dividend, the labor-intensive industry of motor production has also increasingly faced common problems such as difficulty in recruiting and retaining workers in current enterprises. There are thousands of motor production enterprises across the country, and they have a desire to automate their production processes, which brings a good market prospect for the promotion of automated production lines for industrial motors.
In addition, facing the increasingly severe pressure of energy conservation and emission reduction, vigorously developing new energy vehicles has become a new focus of competition in the world automotive industry. With the development of the electric vehicle industry, the demand for drive motors is also increasing. At present, many motor companies adopt the traditional motor production mode. The production difficulty of electric vehicle drive motors, especially the permanent magnet motors commonly used in China, has increased significantly (the magnetic force of permanent magnets is very high, which makes assembly difficult and prone to worker and equipment safety accidents), and the requirements for product quality have also increased significantly. Therefore, if the automation production of electric vehicle drive motors can be achieved on a large scale, China will surely create a brilliant future in terms of drive motor body technology and motor automatic production equipment.

The motor industry will transform towards intelligence and energy conservation in the future
At the same time, although ordinary low-voltage motor technology has become relatively mature, there are still many technical barriers in the fields of high-power high-voltage motors, special environment application motors, and ultra high efficiency motors. From the perspective of the development trend of the global electric motor market, its main manifestations are as follows:
The industry is developing towards intelligence and integration: Traditional click manufacturing has achieved the cross integration of advanced electronic technology and intelligent control technology. The future trend of the motor industry is to continuously develop and optimize intelligent control technology for small and medium-sized motor systems used in the industrial field, and to achieve integrated design and manufacturing of motor system control, sensing, driving and other functions.
Product development towards differentiation and specialization: Electric motor products have a wide range of supporting applications and are widely used in various fields such as energy, transportation, petroleum, chemical, metallurgy, mining, and construction. With the continuous deepening of the global economy and the continuous improvement of technological level, the situation where the same type of motor was used for different properties and occasions in the past is being broken, and motor products are developing towards specialization, differentiation, and specialization.

The development of products towards high efficiency and energy conservation: This year, global environmental policies have provided clear policy directions for improving the efficiency of motors and machines. Therefore, the electric motor industry urgently needs to accelerate the energy-saving transformation of existing production equipment, promote efficient and green production processes, develop new generation energy-saving motors, motor systems and control products, testing equipment, etc. Improve the technical standard system for electric motors and systems, and focus on enhancing the core competitiveness of electric motor and system products.

At present, the top ten representative motor companies in the world include Siemens, Toshiba, ABB Group, Nippon Electric, Rockwell Automation AMETEK、Regal Beloit、 Dechang Group, Franklin Electric, and Allied Motion are mostly distributed in Europe, the United States, and Japan. But after years of development, the domestic industrial motor industry has formed a group of large-scale motor enterprises. In order to cope with market competition under the globalization pattern, these enterprises have gradually transformed from “large and comprehensive” to “specialized and intensive”, further promoting the development of specialized production models in China’s industrial motor industry. In the future, driven by low-carbon and environmental protection policies, China’s industrial motors will also strive towards green and energy-saving development.

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