China Electric Motor Market Overview, 2029

China Electric Motor Market Overview, 2029

The nation's electric motor market has grown significantly in the last ten years due to a number of causes, such as urbanization, industrialization, and the need for sustainability and energy efficiency. One major factor driving the electric motor industry has been China's fast industrialization. Electric motors are highly sought after for a variety of applications, including pumps, compressors, and conveyor belts, in the automotive, industrial, and construction industries. There's a growing need for electric motors in public transportation systems like trains and electric buses, as well as in HVAC systems, elevators, and escalators, due to the continuous urbanization and infrastructure building projects throughout China. Through a number of laws and programs, the Chinese government has been aggressively advancing environmental sustainability and energy efficiency. As a result, more companies are implementing energy-efficient electric motors. China is also making significant investments in clean energy technologies including solar and wind energy. In these industries, electric motors are essential for powering wind turbines, solar panel tracking systems, and other infrastructure related to renewable energy. Technological developments targeted at raising overall performance, decreasing noise and vibration, and increasing efficiency are being observed in the Chinese electric motor sector. This covers the creation of smart motor systems, sensor technologies, and high-efficiency motors. China's electric motor market is quite competitive, with both local and foreign companies. Chinese enterprises are utilizing their cost advantages and technical know-how to expand their worldwide reach in addition to serving the domestic market.

According to the research report “China Electric Motor Market Overview, 2029,"" published by Bonafide Research, the China Electric Motor market is anticipated to grow at more than 9.00% CAGR from 2024 to 2029. The market size itself is growing, which is one of the most obvious signs of development. Demand growth in a number of industries, including automotive, industrial machinery, consumer appliances, and renewable energy, is the main driver of this expansion. The need for electric motors increases as industries electrify and modernize more and more, which expands the market. The market for electric motors is growing in direct proportion to advances in technology. Chinese producers are allocating resources towards research and development aimed at enhancing motor performance, dependability, and efficiency. Technological developments in motor design, materials, and manufacturing techniques support the expansion by providing customers with more effective and affordable solutions. The strict energy efficiency laws and environmental policies of China have been a major factor in the electric motor market's expansion. The need for electric motors with sophisticated control systems, sensors, and networking features rises as businesses adopt automation to boost production and efficiency. The market is growing because these smart motor solutions make industrial processes more efficient and allow for real-time monitoring and predictive maintenance. The electric motor industry is expanding as a result of China's push for the integration of renewable energy sources, notably in the generation of wind and solar power. Electric motors are essential parts of renewable energy systems; they power solar tracking systems, wind turbines, and energy storage devices. The market for electric motors is growing as a result of government expenditures and incentives encouraging the growth of the renewable energy industry.

An essential component of automation and Industry 4.0 applications are AC motors. Smart manufacturing processes are made possible by the integration of AC motors with sophisticated control systems, sensors, and communication protocols, which is propelling market expansion in this sector. The market for AC motors is expanding as a result of improvements in motor design, including better control systems, better insulating materials, and improved winding procedures. By improving motor performance, dependability, and efficiency, these advancements satisfy the changing demands of many sectors. Additionally, DC motors are utilized in renewable energy systems like tiny wind turbines and solar tracking devices. The demand for DC motors in these applications is anticipated to increase as China expedites its shift to renewable energy sources. The market for DC motors is expanding as a result of developments in brushless DC motor technology, which have improved motor efficiency, power density, and dependability. To create next-generation DC motors suited to certain applications, manufacturers are spending in R&D.Sealed motors called hermetic motors are utilized in air conditioning and refrigeration systems. Hermetic motor demand is rising as a result of China's HVACR (heating, ventilation, air conditioning, and refrigeration) market's explosive expansion, which is being caused by urbanization and rising disposable income. High-efficiency hermetic motors are encouraged to be used in the HVACR industry by energy efficiency standards and regulations. Hermetic motor demand is also influenced by environmental rules that attempt to improve system efficiency and reduce refrigerant emissions.

The 1 kV range are widely used in both domestic and business settings to power necessities like fans, pumps, and appliances. Electric motor demand is mostly driven by China's expanding construction industry, which is being fueled by the country's fast-paced urbanization and infrastructure development. Applications for electric motors include water pumps, elevators, and HVAC systems in buildings. High-efficiency motor adoption is required in China due to the implementation of energy efficiency rules in both business and residential settings. This regulatory pressure forces manufacturers to design energy-efficient motor solutions that meet requirements, which in turn promotes market growth in this voltage range. Workhorses in industrial environments, supplying vital equipment like pumps, compressors, and conveyors. They operate in the 1 kV to 6.6 kV range. The need for high-power electric motors in factories and production facilities is driven by China's burgeoning manufacturing sector, which is driven by industrialization and automation programs. Additional applications for medium-voltage motors in the 1 kV to 6.6 kV range are solar power plants and wind turbines. China's deliberate attempts to include renewable energy sources into its energy grid are driving up the need for medium-voltage motors in this particular market. Higher voltages above 6.6 kV meet the hi China's growing heavy industry and infrastructure projects are driving up demand for high-power motors for massive pumps, compressors, and fans, among other uses. Reliability and energy economy are given top priority in high-voltage motors intended for industrial use. To satisfy the demanding needs of heavy industries, manufacturers work to provide durable and energy-efficient motor designs, this spurs segmental growth. Gh-power industrial demands common to the mining, oil & gas, and power generating industries.

Strong government backing for the adoption of electric cars through incentives, regulations, and subsidies is a key factor driving this market's expansion. The automobile industry's need for electric motors is fueled by China's aggressive goals for the use of electric vehicles. The performance and affordability of electric cars are improved by technological innovations in electric motors, such as improvements in motor efficiency, power density, and cost reduction, which further spurs market expansion. Electric motor demand is fueled by China's expanding manufacturing sector in applications involving industrial machines. Conveyors, pumps, compressors, machine tools, and other pieces of industrial equipment all require electric motors as essential parts. When choosing electric motors for industrial machines, energy efficiency is a major factor to consider. High-efficiency motors are given priority by manufacturers in order to optimize energy usage and save operating costs, which is driving market. The need for HVAC equipment with electric motors is fueled by China's expanding construction industry, which is a result of the country's quick urbanization and infrastructural development. In order to maintain suitable interior conditions in residential, commercial, and industrial buildings, HVAC systems are necessary. In China, the use of high-efficiency motors in HVAC equipment is required by strict energy efficiency rules. Electric motors are in high demand in a variety of electrical appliances, including vacuum cleaners, air conditioners, washing machines, and refrigerators, due to China are expanding consumer electronics industry. These appliances cannot work without electric motors, which drive processes like rotation, compression, and circulation. Energy-efficiency laws encourage the adoption of high-efficiency motors in electrical equipment.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Motor market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Motor Type
• AC Motor
• DC Motor
• Hermetic Motors

By Voltage
• Up to 1 kV
• 1 kV-6.6 kV
• Above 6.6 kV

By Application
• Motor Vehicles
• Industrial Machinery
• HVAC Equipment
• Electrical Appliances
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Motor industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.