The Trend Of Decline Is Obvious. The Motor Industry Should Adjust The Industrial Structure.

- Oct 30, 2018-

The trend of decline is obvious. The motor industry should adjust the industrial structure.

The motor is the electric power source for all kinds of mechanical devices, and it is the heart device of the reducer products. After years of development, China's motor industry has formed a huge industrial scale. China is a big country in the production and export of electric motors. The motor products produced in China occupy a considerable share of the international market. Since entering the 12th Five-Year Plan, the state has included motor system energy-saving projects in key energy-saving projects, and introduced many policies and regulations that are beneficial to the development of the motor industry. Together with the continuous development of the mechanical equipment manufacturing industry, China's motor industry has ushered in a good Development Opportunities. However, since the beginning of this year, the development of China's motor industry has shown a downward trend. Why?

According to statistics, in the first half of this year, the total industrial output value of China's motor industry decreased by 2.2% year-on-year, and the total output of the industry also fell by nearly 8% year-on-year. The overall growth rate of the industry's overall revenue also decreased significantly. The author points out that the lack of motivation in domestic and international markets is the main reason. Export has always been one of the main driving forces for the growth of China's motor industry. As Europe and the United States and other developed countries produce less and less motor products, domestic motor demand is basically dependent on imports, while China's motor design and production technology is relatively mature, the production of Motor products also have great price advantages, so the European and American markets have always been the largest overseas market in China's motor industry. However, since last year, under the influence of the European debt crisis, some countries in Europe have experienced economic recession, and the development of the US economy has also been hindered. Countries have reduced their import quotas and have had a great impact on China's motor exports. From the perspective of the domestic market, although the national policy has greatly benefited the motor industry, China’s economic development has been too fast in the past few years and accumulated many problems. Therefore, at the economic work conference last year, it pointed out the keynote of China’s economic development this year. It is an indisputable fact that the pace of domestic economic development has slowed down. Therefore, the demand for the domestic motor market has also slowed down.

Through the understanding of the status quo of the domestic and international motor market, the author points out that although the slowdown in market demand has slowed down the growth of China's motor industry, the low-end overcapacity and repeated construction of the domestic motor industry is also one of the important reasons. In the case of slowing market demand, China's motor industry should actively adjust the industrial structure and eliminate backward production capacity to better avoid market risks.

TW-GMP16RP030

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