Analysis of the development status of the micro-motor industry in 2018 and its forecast
Micro-motor market demand is heating up
In recent years, China's micro-motor production has maintained a relatively fast growth momentum, and China has become the world's largest producer and exporter of micro-motors. In the case of the pulling effect of the real economy and favorable policies, the total output of China's micro-motor industry in 2017 was about 12.7 billion units. According to the "13th Five-Year Development Prospect of Micro-Electric Motors", by 2020, the output of China's micro-motors will reach 15 billion units.
In 2018, giant companies such as Lianyi Motor and Founder Motor released their 2017 earnings scales, and Micro Motors strongly promoted the growth of these companies. Micro-motor is one of the most important basic motor components for industrial automation, office automation and home automation. It is used in a wide range of fields such as household appliances, automobiles and electric vehicles. With the gradual deepening of the application of micro-motors in these fields, the demand for global micro-motors is also rising rapidly. In recent years, the living standards of the domestic people have increased, the consumption capacity has increased, and the demand for micro-motors has been increasing. However, at present, domestic demand for micro-motors is not on the supply side, both in scale and in growth. According to estimates, the demand for China's micro-motors in 2017 is more than 12 billion units.
Household appliances demand for micro-motors grows
Household appliances are the main application areas downstream of the micro-motor industry, while micro-motors for household appliances are the leading products in China's micro-motor manufacturing industry, mainly used in air conditioners, washing machines, refrigerators, microwave ovens, electric fans, vacuum cleaners, Treadmills, range hoods, dishwashers, bread machines, juicers, electric toothbrushes, etc. are one of the most important basic motor components for office automation and home automation.
The output of various products in the home appliance market showed an upward trend. Data show that in 2017, the total production of household refrigerators was 87 million units, up 12.6% year-on-year; household air conditioners produced 157 million units, up 19.9% year-on-year; household washing machines produced 70.13 million units, up 3.1% year-on-year; The cumulative production of color TVs was 155 million units, a year-on-year increase of 0.8%. The sales scale of China's home appliance industry is growing. According to statistics, from January to August 2017, the main business income of the household appliance industry was 1,078.07 billion yuan, a year-on-year increase of 17.3%. It can be estimated that in 2017, the scale of China's household appliances market was about 1,077.4 billion yuan. The growth rate of home appliance manufacturing has accelerated significantly in the past two years.
The demand for micro-motors for household appliances in China accounts for between 15% and 25% of the market share of the micro-motors. The expansion of the scale of the home appliance manufacturing industry will certainly drive the scale of the micro-motor industry. In 2016, the demand for micro-motors in China's household appliance industry was about 48.8 billion yuan. According to estimates, in 2017, the demand for micro-motors in China's household appliance industry was about 4.8 billion yuan; from 2012 to 2017, the compound growth rate reached 7.94%. .
Micro-motor market will continue to grow
With the intelligentization and environmental protection of home appliances, the speed of product replacement is increasing day by day. Especially the rise of new home appliances such as personal care appliances, home environment appliances and kitchen appliances outside traditional home appliances will bring greater power to micro-motors. Market demand. During the “Thirteenth Five-Year Plan” period, under the favorable conditions of “three-in-one integration”, “Made in China 2025” and full implementation of innovation-driven strategy, the downstream application industry of Micro-motors will further develop and will inevitably drive the growth of the micro-motor market. .
In the future, high-efficiency micro-motors will be one of the projects promoted by the country. According to the above analysis, it is expected that during the period of 2018-2023, the output of China's micro-motor manufacturing industry will increase year by year, with an annual growth rate of 6.5%. Around 2023, China's micro-motor production will exceed 18.1 billion units.