As the basic power equipment, motor has maintained a steady and rapid growth in recent years. In recent years, many policies and industrial planning have accelerated the development of motor in the direction of energy saving. With the development of industrial economy, motor has been widely used. China has a huge demand in improving the efficiency of motor system and strengthening energy-saving management of the system.
With the gradual recovery of domestic and foreign markets, while maintaining the European and American international markets, Chinese motor enterprises are also gradually looking to larger markets abroad. From the different specifications of motor categories: linear motor market demand has stabilized, and the increasing popularity of motor technology at present indicates the arrival of a new era in the motor industry.
In the first quarter of 2019, China's import and export of mechanical and electrical products reached 497.49 billion US dollars, an increase of 16.6% over the same period last year. Among them, the export of high-tech products reached 163.33 billion US dollars, an increase of 28.4%. China Business Intelligence Network released "China Motor Industry Market Prospect Survey and Investment and Financing Strategy Consultation Report 2015-2019" analysis: China's motor products are diverse, but inefficient. China is relatively short of energy, and there is a serious shortage of high-quality energy. In order to save energy and protect the environment, the development prospect of high-efficiency motors is very broad.
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