Brushless motor industry development status
A motor is an electromagnetic mechanical device that utilizes the interaction between electricity and magnetism to realize energy conversion and transmission. A broadly used motor includes an electric motor and a generator. A motor absorbs electric energy from an electric system and outputs mechanical energy to a mechanical system. Various types of electric motors are widely used. In various sectors of the national economy and household appliances, it is mainly used as a power source to drive various mechanical devices; generators absorb mechanical energy from mechanical systems, output electrical energy to electrical systems, and technological advances in generators and other related equipment, enabling people to use heat energy, Water, nuclear and wind power, solar energy, biomass and other energy sources generate electricity, and provide the necessary power to all sectors of the national economy and the majority of urban and rural residents.
After years of development, China’s motor industry has formed a certain industrial base and industry structure, and has reached a certain scale of production. The barriers for industry entry have been significantly higher than the previous period. According to the statistics of the National Bureau of Statistics, in 2016, China’s motor The number of manufacturing companies is 2849.
Exhibit 1: China's Motor Manufacturing Industry Size in 2011-2017 (Unit: Home, %)
Source: National Bureau of Statistics Forward Industry Research Institute
From 2010 to 2016, sales revenue of China's motor manufacturing industry grew rapidly year by year. In 2016, motor manufacturing industry revenue was 878.67 billion yuan, an increase of 8.4% year-on-year.
Exhibit 2: Changes in sales revenue of China's motor manufacturing industry in 2010-2017 (Unit: 100 million yuan, %)
Source: National Bureau of Statistics Forward Industry Research Institute
In the entire motor industry, AC motors account for the vast majority of output. Looking at the specific data, in 2008-2016, the growth rate of AC motor output in China was affected by the macro economy, and the fluctuation was more obvious. In 2016, the output of AC motors in China was 2.78 billion kilowatts, a year-on-year decrease of 1.7%.
Exhibit 3: China's AC motor output and year-on-year growth rate (unit: 10,000 kilowatts, %), 2010-2017
Source: National Bureau of Statistics Forward Industry Research Institute
Numerous motors are the 'newcomers' of the motor industry. The history of entering the country is not long and the price is higher than that of brush motors. However, due to the obvious advantages of brushless motors, the development momentum can be described as rapid. After entering China, it will quickly be home appliances, automobiles, Shipbuilding and machinery industries are favored, and occupy a place in various industries and develop rapidly. According to the statistics of the National Bureau of Statistics, since 2010, the revenue of the brushless motor industry has increased year after year. In 2016, it was 18.92 billion yuan, a year-on-year increase of 22.3%.
Exhibit 4: Changes in Sales Revenue of Brushless Motors in China, 2010-2017 (Unit: Billion, %)
Source: National Bureau of Statistics Forward Industry Research Institute
With the improvement of people's living standards and modern production, the development of office automation, home appliances, industrial robots and other equipment are increasingly becoming more efficient, miniaturized and highly intelligent. As an important component of the actuator, the motor must With the advantages of high precision, high speed and high efficiency, the application of brushless DC motors has grown rapidly. At this stage, although various AC motors and DC motors dominate the drive applications, DC brushless motors are becoming popular. Concern. In the next few years, the market prospect of brushless DC motors in China is more optimistic.
Brushless Motor Industry Future Trends
First, the market scale has been further expanded. Because of the high cost of large-scale application of high-cost enterprises, many companies are discouraged, preferring brush motor products as alternatives, so the potential demand for brushless motors is still not fully released. There is plenty of room for development. It is expected that the growth rate of the industry will remain at around 20% in the next five years. By 2022, the industrial market size will reach around RMB 56.5 billion.
Exhibit 5: Market Forecast of China's Brushless Motor Industry in 2018-2023 (Unit: 100 million yuan)
Source: National Bureau of Statistics Forward Industry Research Institute
Secondly, the level of competition will be increased. There are many companies that currently do brushless motors, but there are still a few companies that reach a certain scale. According to data from the National Bureau of Statistics, only 118 enterprises above the scale of the brushless motor industry in China in 2016 But with the bright future of the brushless motor industry, more motor companies are expected to intrude into the field in the future, which will intensify market competition.
Thirdly, the technology is improving steadily. In the brushless motor industry, the technical level determines the market expansion capability of the company's products. However, the brushless motor technology is more complex, especially in the brushless motor control system, how to convert Sensitive or weak magnetic brushless motors are technically more difficult to solve. Moreover, in terms of high-end brushless motor products, the core chip technology is still controlled by foreign countries, and China still relies on imports. Therefore, increase investment in R&D and increase. The level of technology is the top priority for the future development of brushless motors.
Fourthly, integration, the development of diversification, and the expansion of the application field, continue to promote the improvement of the technical level of brushless motor products. Enterprises with strong technical strength in the industry have continuously developed new products to enhance the application fields of the products. The application is gradually advancing. In terms of integration, because industry products are subject to upstream, the willingness of industry integration is strong, but it is limited by the size of individual companies, and the degree of integration is still low.