Market Forecast By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Output Power, By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial machinery, Motor vehicles, Heating, ventilating, and cooling (HVAC) equipment, Aerospace & transportation, Household appliances, Other), By Speed (RPM) (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM), Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)) And Competitive Landscape
Product Code: ETC041102 | Publication Date: Jan 2021 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, Germany was the largest exporter in terms of value, followed by Japan. It has registered a growth of 63.82% over the previous year. While Japan registered a growth of 50.8% as compare to the previous year. In the year 2017 Germany was the largest exporter followed by Japan. In term of Herfindahl Index, which measures the competitiveness of countries exporting, China has the Herfindahl index of 1897 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2066 which signifies moderately concentrated in the market.
China Electric Motor Market is projected to grow over the coming year. China Electric Motor Market report is a part of our periodical regional publication Asia Pacific Electric Motor Market outlook report. 6W tracks electric motor market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Electric Motor Market outlook report annually.
The China Electric Motor Market is currently experiencing huge success and one of the major reasons behind the growth of this market is the developments under going in the market. The market is experiencing a wave of innovation. Shift towards the permanent magnet synchronous motors (PMSMs) is the major trend in the market, that offer power density and higher efficiency than conventional induction motors. Integration of Internet of Things (IoT) and artificial intelligence (AI) into electric motors is another key development and this enables for predictive maintenance, optimized performance through data analysis, and real-time monitoring. There is a rising emphasis on sustainability in the country. Numerous companies are now adopting eco-friendly production processes and exploring new applications for the sources of renewable energy, which fuel the China Electric Motor Market Share.
China Electric Motor Market report thoroughly covers the market by motor type, voltage range, application, and speed. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The China Electric Motor Market is attaining success and the market is likely to progress more during the forecast period. Some key factors that have been driving the market growth include technological advancements, government initiatives for promoting renewable energy sources, growing adoption of electric vehicles, and industrial automation and robotics.
According to 6Wresearch, China Electric Motor Market size is anticipated to grow at a CAGR of 4.4% during 2020-2026. There are numerous drivers which are pushing the market growth and one of these drivers is the rising demand for environmentally friendly and energy-efficient technologies to address climate change concerns. There is a rising emphasis on sustainability in the country. Numerous companies are now adopting eco-friendly production processes and exploring new applications for the sources of renewable energy. Electric motors owing to their higher efficiency and lower emission as compared to conventional combustion engines, have become the better alternative to several sectors. The government in China has set goal for EV sales, which is leading to a surge in demand for these electric motors. Additionally, a number of incentives like subsidies and tax exemptions have inspired consumers to shift towards electric vehicles. These factors have become huge reasons in the China Electric Motor Market Growth.
The pandemic had a key impact on the Electric Motor Market in China. The outbreak of the pandemic led to unprecedented economic slowdown, which significantly affected many sectors including electric motor manufacturing. The impositions imposed by the government of the country resulted in reduced demand for electric motors and supply chain disruptions. Numerous production facilities had to shut down or run at limited capacity owing to social distancing measures and lockdown. The automotive sector in China affected majorly by the pandemic and negative impact in this market led to the negative impact on sales of electric motors since automotive industry is the most prominent consumer of electric motors.
Companies that operate in the market have the most significant role to play since the growth and downfall of the market heavily depend on the kind of products they develop for their consumers. Some significant market players include:
Based on motor type, the market is fragmented into Alternate Current (AC) Motor, Direct Current (DC) Motor, and Hermetic Motor. Among which, the AC segment is anticipated to grow more during the forecast period.
According to Gyan, Senior Research Analyst, 6Wreseach, High-Speed Electric Motors (25,001-75,000 RPM) is projected to grow in the coming years.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Electric Motor Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Electric Motor Market Revenues & Volume, 2019 & 2026F |
3.3 China Electric Motor Market - Industry Life Cycle |
3.4 China Electric Motor Market - Porter's Five Forces |
3.5 China Electric Motor Market Revenues & Volume Share, By Motor Type, 2019 & 2026F |
3.6 China Electric Motor Market Revenues & Volume Share, By Output Power, 2019 & 2026F |
3.7 China Electric Motor Market Revenues & Volume Share, By Voltage Range, 2019 & 2026F |
3.8 China Electric Motor Market Revenues & Volume Share, By Application, 2019 & 2026F |
3.9 China Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2019 & 2026F |
4 China Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 China Electric Motor Market Trends |
6 China Electric Motor Market, By Types |
6.1 China Electric Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 China Electric Motor Market Revenues & Volume, By Motor Type, 2016 - 2026F |
6.1.3 China Electric Motor Market Revenues & Volume, By Alternate Current (AC) Motor, 2016 - 2026F |
6.1.4 China Electric Motor Market Revenues & Volume, By Direct Current (DC) Motor, 2016 - 2026F |
6.1.5 China Electric Motor Market Revenues & Volume, By Hermetic Motor, 2016 - 2026F |
6.2 China Electric Motor Market, By Output Power |
6.2.1 Overview and Analysis |
6.3 China Electric Motor Market, By Voltage Range |
6.3.1 Overview and Analysis |
6.3.2 China Electric Motor Market Revenues & Volume, By 9 V & Below, 2016 - 2026F |
6.3.3 China Electric Motor Market Revenues & Volume, By 10-20 V, 2016 - 2026F |
6.3.4 China Electric Motor Market Revenues & Volume, By 21-60 V, 2016 - 2026F |
6.3.5 China Electric Motor Market Revenues & Volume, By 60 V & Above, 2016 - 2026F |
6.4 China Electric Motor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 China Electric Motor Market Revenues & Volume, By Industrial machinery, 2016 - 2026F |
6.4.3 China Electric Motor Market Revenues & Volume, By Motor vehicles, 2016 - 2026F |
6.4.4 China Electric Motor Market Revenues & Volume, By Heating, ventilating, and cooling (HVAC) equipment, 2016 - 2026F |
6.4.5 China Electric Motor Market Revenues & Volume, By Aerospace & transportation, 2016 - 2026F |
6.4.6 China Electric Motor Market Revenues & Volume, By Household appliances, 2016 - 2026F |
6.4.7 China Electric Motor Market Revenues & Volume, By Other, 2016 - 2026F |
6.5 China Electric Motor Market, By Speed (RPM) |
6.5.1 Overview and Analysis |
6.5.2 China Electric Motor Market Revenues & Volume, By Low-Speed Electric Motors (Less Than 1,000 RPM), 2016 - 2026F |
6.5.3 China Electric Motor Market Revenues & Volume, By Medium-Speed Electric Motors (1,001-25,000 RPM), 2016 - 2026F |
6.5.4 China Electric Motor Market Revenues & Volume, By High-Speed Electric Motors (25,001-75,000 RPM), 2016 - 2026F |
6.5.5 China Electric Motor Market Revenues & Volume, By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM), 2016 - 2026F |
7 China Electric Motor Market Import-Export Trade Statistics |
7.1 China Electric Motor Market Export to Major Countries |
7.2 China Electric Motor Market Imports from Major Countries |
8 China Electric Motor Market Key Performance Indicators |
9 China Electric Motor Market - Opportunity Assessment |
9.1 China Electric Motor Market Opportunity Assessment, By Motor Type, 2019 & 2026F |
9.2 China Electric Motor Market Opportunity Assessment, By Output Power, 2019 & 2026F |
9.3 China Electric Motor Market Opportunity Assessment, By Voltage Range, 2019 & 2026F |
9.4 China Electric Motor Market Opportunity Assessment, By Application, 2019 & 2026F |
9.5 China Electric Motor Market Opportunity Assessment, By Speed (RPM), 2019 & 2026F |
10 China Electric Motor Market - Competitive Landscape |
10.1 China Electric Motor Market Revenue Share, By Companies, 2019 |
10.2 China Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |