First, industrial motor sales revenue

Industrial motor refers to the motor used in the industrial field, for the conversion of electrical energy into mechanical energy in the industrial scene, the application fields include petroleum, bulk chemicals, food, coal products, primary metals, paper, etc., specifically for pumps, fans, conveyor belts and compressors.

In recent years, with the continuous improvement of the domestic industrial level, the industrial motor market has been rapidly developed and expanded. According to the data, from 2018 to 2022, China’s industrial motor sales revenue increased from 325.64 billion yuan to 361.21 billion yuan.

DS200UCPBG6AFB Data source: Guanyan world data center collation

Second, industrial motor output

The increase in market demand has stimulated the expansion of industrial motors, and the output of industrial motors in China has continued to grow in recent years. Data show that in 2021, China’s industrial motor production of 350 million kilowatts, an increase of 9.38% over the previous year; In 2022, China’s industrial motor output will be 380 million kilowatts, an increase of 8.57% over the previous year.

Data source: Guanyan world data center collation

Third, industrial motor market structure

According to the type of working power supply, industrial motor is divided into DC motor and AC motor, of which AC motor can also be divided into single-phase motor and three-phase motor; According to the structure and working principle, industrial motors are divided into DC motors, asynchronous motors and synchronous motors. At present, the industrial motor market is dominated by AC motors, accounting for about 80%.

 

DS200UCPBG6AFB Data source: Guanyan world data center collation

Fourth, the number of registered enterprises related to the industrial motor industry

With the rising tide of the industrial motor market, industry participants are increasing, and market competition is becoming more and more fierce. Data show that from 2017 to 2022, the number of registered enterprises related to China’s industrial motor industry increased from 4,858 to 17,631, with a compound annual growth rate of 29.4%.