With the active implementation of national energy conservation and emission reduction and the gradual implementation of subsidy policy for energy-efficient motors, the energy-efficient motor industry will usher in explosive growth. In the next few years, energy-saving electrical equipment will account for more than 60% of newly added small and medium-sized mechanical and electrical equipment in China, and the market scale of energy-saving mechanical and electrical equipment will reach about 50 billion yuan.
According to "China Industrial Motor Industry Development Prospect Forecast and Investment Strategic Planning Analysis Report", at present, the total installed capacity of motors in China has reached more than 400 million kW, and the annual power consumption has reached 1.2 trillion kWh, accounting for 60% of the total national power consumption and 80% of the industrial power consumption. The total installed capacity of fans, pumps and compressors has exceeded 200 million kW, and the annual power consumption has reached 800 billion kWh, accounting for about 40% of the total national power consumption.
At present, China Motor accounts for about 21.5% of the global motor market share, and this figure will increase with the warming of the international economic environment. In the next five-year plan, the domestic market will grow faster than those in Europe, America and other countries, especially the market of high-efficiency motors will have a lot of room for growth.