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Development Status Analysis and Prospect Forecast of Micro-motor Industry in 2018

2018-03-02 16:50

In recent years, the overall output of micro-special motors in China has maintained a rapid growth momentum, and China has become the world's largest producer and exporter of micro-special motors. With 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 Outlook for Micro-Special Motors, the output of micro-special motors in China will reach 15 billion units by 2020.

Chart 1: Trend chart of output changes in the micro-motor manufacturing industry from 2013 to 2020 (unit: 100 million units)

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Source: Prospective Industry Research Institute.

Entering 2018, giant enterprises such as Lianyi Electric and Founder Electric have released their 2017 profit scale express, among which Micro Electric has strongly promoted the performance growth of these enterprises. Micro motor is one of the most important basic motor components to realize industrial automation, office automation and home automation, which 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 global demand for micro-motors is also rising rapidly. In recent years, the domestic people's living standards have improved, consumption capacity has increased, and the demand for micro-motors has continued to increase. But at present, the domestic demand for micro-motors is not as good as the supply side in terms of scale or growth rate. It is estimated that the market demand for micro-motors in China will exceed 12 billion units in 2017.

Chart 2: Changes in domestic demand for micro-motors from 2011 to 2017 (unit: 100 million units)

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Source: Prospective Industry Research Institute.

Household appliances for micro motor demand growth

Household appliances are the main application field downstream of the micro-motor industry, and micro-motors for household appliances are the leading products in my country's micro-motor manufacturing industry. They are mainly used in air conditioners, washing machines, refrigerators, microwave ovens, electric fans, and vacuum cleaners., Treadmills, range hoods, dishwashers, bread machines, juicers, electric toothbrushes, etc., are one of the most important basic motor components to realize office automation and home automation.

The output of various products in the home appliance market showed an upward trend. Data show that in 2017, a total of 87 million household refrigerators were produced, an increase of 12.6 percent over the same period last year; 0.157 billion household air conditioners were produced, an increase of 19.9 percent over the same period last year; 70.13 million household washing machines were produced, an increase of 3.1 percent over the same period last year; and 0.155 billion color TV sets were produced in the first 11 months of 2017, an increase of 0.8 percent over the same period last year. And China's home appliance industry sales scale is in a state of growth. According to statistics, from January to August 2017, the main business income of the household electrical appliance industry was 1078.07 billion yuan, with a cumulative year-on-year increase of 17.3 percent. It can be estimated that for the whole of 2017, the scale of China's household electrical appliance market was about 1807.4 billion yuan. The growth rate of home appliance manufacturing has accelerated significantly in the past two years.

Chart 3: Year-on-year growth in China's household appliances production by category in 2017 (unit:%)

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Source: Prospective Industry Research Institute.

Chart 4: Growth of China's Household Appliance Manufacturing Market from 2011 to 2017 (Unit: billion yuan,%)

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Source: Prospective Industry Research Institute.

China's household appliances with micro-motor demand accounted for 15%-25% of the proportion of micro-motor market, the expansion of the scale of home appliance manufacturing industry will drive the scale of the supporting micro-motor industry. In 2016, the demand for micro-special motors in my country's home appliance industry was about 48.8 billion yuan; according to estimates, in 2017, the demand for micro-special motors in my country's home appliance industry was about 48.3 billion yuan; from 2012 to 2017, the compound growth rate reached 7.94.

Chart 5: Market demand scale of household appliances for micro-motors in China from 2011 to 2017 (unit: billion yuan,%)

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Source: Prospective Industry Research Institute.

Micro motor market will maintain growth

With the intelligentization and environmental protection of home appliances, the speed of product upgrading is increasing day by day, especially the rise of new home appliances such as personal care home appliances, home environmental appliances, and small kitchen appliances other than traditional home appliances, which will bring greater impact on micro-motors. Market demand. During the "13th Five-Year Plan" period, under the favorable conditions of policies such as "integration of the three modernizations", "Made in China 2025", and the full implementation of innovation-driven strategies, the downstream application industry of micro-motors will further develop, and it will inevitably drive the growth of the micro-motor market.

For a long period of time in the future, high-efficiency micro-special motors will be one of the projects vigorously promoted by the state. According to the above analysis, it is estimated that the output of China's micro-special motor manufacturing industry will increase year by year from 2018 to 2023, with an annual growth rate of about 6.5. By 2023, the output of China's micro-special motors will exceed 18.1 billion.

Chart 6: Production Scale Forecast of China's Micro-Motor Manufacturing Industry from 2018 to 2023 (Unit: 100 million units)

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Source: Prospective Industry Research Institute.

The above data and analysis are from the Prospective Industry Research Institute 《2018-2023 China's micro-motor manufacturing industry market demand forecast and investment strategic planning analysis report.》。


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