Analysis of the trend of permanent magnet motor market in China
A permanent magnet motor uses a permanent magnet to generate the motor magnetic field. It has a simple structure and high efficiency. It has the advantages of small size, energy saving, good control performance, and adjustable speed. It is widely used in CNC machine tools, new energy vehicles, computers, audio-visual products, home appliances, etc. Under the circumstances that China vigorously promotes the development of energy-saving industries, the market size of permanent magnet motors continues to expand.
According to the "2019 China Permanent Magnet Motor Industry Market Research Report" released by the New World Industrial Research Center, the scale of China's permanent magnet motor market has shown steady growth in 2013-2018. In 2018, China's permanent magnet motor industry output was 11.662 million kilowatts, an increase of 5.3%; industry sales revenue was 93.03 billion yuan, an increase of 4.7%. With the continuous improvement of the technical level of permanent magnet motor and the continuous expansion of the downstream application market, the scale of China's permanent magnet motor market continues to rise.
China's permanent magnet motor industry is mainly concentrated in areas with a relatively developed coastal economy. The top five provinces and cities with market share are Jiangsu, Zhejiang, Shandong, Guangdong, and Fujian, accounting for 31.7%, 10.8%, 8.0%, and 6.3. % and 5.4%, the proportion of other provinces and cities are below 5.0%. The total market share of the top five regions accounted for 62.2%. China's permanent magnet motor industry has a high regional concentration, and Jiangsu Province is the largest industrial cluster.
In the global market, permanent magnet motor enterprises in Japan, the United States, Western Europe, and other countries and regions have mastered key technologies with high production technology and rich experience. Therefore, they are in an advantageous position in the high-end market. Among them, Japanese companies' permanent magnet motor products have obvious advantages in control accuracy, power consumption, life, volume, cost, etc. As a result, they are leading in the global market, occupying a large market share in the high-end market.
Under the background of transformation and upgrading of manufacturing industry and energy conservation and emission reduction, China's emphasis on R&D and production of permanent magnet motors has been continuously improved. At this stage, China's permanent magnet motors are developing in the direction of high speed, high torque, high functionality, and miniaturization. Furthermore, the application of high-performance NdFeB materials in the field of permanent magnet motors has resulted in different degrees of improvement in power factor, efficiency, and maximum torque multiplier. Therefore, it can be seen that the technical level of China's permanent magnet motor industry is still improving.
Although China's permanent magnet motor industry has a relatively large degree of technology and market scale, the industry's overall innovation capability still has a certain gap compared with developed countries. There are still some shortcomings in terms of product technology content and production technology level. In the low-end and mid-range, high-end products depend on imports. In addition, there are many small and medium-sized enterprises with weak strength in China's permanent magnet motor industry. As a result, the industry concentration is low, resulting in non-standard production standards, uneven product performance, chaotic market development, and weak overall competitiveness. Still waiting to be upgraded.
Industry analysts said that the scale of China's permanent magnet motor market continues to expand. Although there is still room for improvement in its industrial structure and technology level, in the context of energy-saving emission reduction and environmental protection policies, market demand will continue to increase growth. Moreover, China's new energy vehicle market is developing at high speed, and the penetration rate of smart homes is rising. As a result, the demand for permanent magnet motors will continue to increase, or the demand for permanent magnet motors in China will be accelerated. Driven by new industries, China's permanent magnet motor industry should seize opportunities and increase research and development efforts to improve product performance further and enhance market competitiveness.
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