How Will The Motor Industry Develop? These Two Types Of Motors Will Either Reshuffle The Industry!

- Dec 07, 2018-

How will the motor industry develop? These two types of motors will either reshuffle the industry! From the perspective of motor classification, single-phase motors and servo motors will see new developments in the next few years:

01 single phase motor

Compared with DC motors, single-phase motors are low-power motors, and their competitiveness in the market is slightly inferior. Currently, they are mainly used in home appliances, electrical tools, and medical devices. However, with the continuous development of the market and the shift in consumer demand, medium and low-end products still occupy the main market, while single-phase motors with relatively low prices are welcoming new opportunities.

In the past two years, with the rise of the concept of smart home, the home appliance industry has developed rapidly, and it has also driven the development of single-phase motors. According to statistics, the output of single-phase motors in 2016 was around 100 million kilowatts, accounting for 25% of the motor market. Although the 2017 data is not clear, it is certain that the growth is more obvious than 2016, and this trend will continue in the next five years.

02 servo motor

One of the most interesting products in the entire motor industry may be a servo motor.

As one of the core components of the robot, the servo motor market has also opened the door to the new world. In the era of artificial intelligence, the rise of machine substitutions has promoted the transformation of the robot industry, and it has also added a lot of impetus to the upstream and downstream markets of the industrial chain.

According to industry analysts, in the next five years, China's servo motor market will be affected by intelligent transformation and maintain rapid growth. At the same time, the import substitution of domestic servo products will also accelerate. Although the core technology has not been fully broken, it will be further developed.

Global motor development trend

Looking back on the past few years, although the global motor has some "small episodes", the overall development is sour and stable. Looking forward to 2018, the motor market will continue to move smoothly.

Efficient. From the perspective of overall market distribution, relevant data shows that small-power motors still occupy a large market, and as global competition becomes increasingly fierce, if manufacturers want to build a dominant position in the small-power motor market, then efficiency will become an inevitable trend.

Energy saving. Energy conservation and emission reduction is a globally recognized sustainable development strategy. Although this ideology is more common in the field of environmental protection, it is equally applicable to industrial control. To know the improvement of motor efficiency is of great significance for saving energy. At present, many countries have joined the industry. Therefore, in the future development, energy conservation will also be the direction of continuous efforts of motor products.

According to the global energy-efficient motor market report released by MarketsandMarkets, the energy-efficient motor market will reach 91.46 billion US dollars in 2018, with a compound growth rate of 19.67%.

The price war continues. Efficient and energy-efficient motors have gained an advantage in performance, but in this highly competitive global market, there are not a few products that can compete in performance, so the price will become a consideration for the comprehensive strength of motor products. It should be noted that vicious competition is not advisable. If you only make a big fuss about the price and ignore the product quality, you will end up facing only being eliminated.

In addition, mergers and acquisitions in 2018 will still be staged in the motor industry. At present, many motor-related manufacturers are struggling due to many problems such as capital, environmental protection, and worker loss. In the current market dilemma, it will face new challenges. The motor industry will undoubtedly usher in a revolution, and mergers and acquisitions are inevitable.

However, 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. According to the forecast of the Prospective Industry Research Institute, the global industrial motor market is recovering. In the next five years, the global industrial motor market is expected to grow at a compound annual growth rate of 7%-7.5%.

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