In today's era of information explosion, how to accurately grasp market dynamics and gain insight into industry trends has become the focus of common attention of enterprises and investors. To this end, the "2024-2030 China Servo Motor Industry Market Competition Pattern and Development Trend Research Report" created by the Zhiyan Consulting and Analysis Team aims to provide the most researchable and practical industry analysis for elites from all walks of life.
This report brings together the collective wisdom of the Zhiyan consulting research team, combined with authoritative data at home and abroad, and deeply analyzes the development status, competition pattern and future trend of the servo motor industry. We uphold a professional and rigorous research attitude, and strive to present a clear and three-dimensional picture of the industry to readers through multi-dimensional and all-round data analysis.
In terms of content, the report not only covers the in-depth interpretation of the industry, but also conducts a nuanced discussion on the servo motor industry. Whether it is the policy environment, market demand, or technological innovation, capital operation, we have carried out detailed elaboration and unique analysis. In addition, we pay special attention to the leading companies in the industry, and provide an in-depth analysis of their success stories and market strategies.
Servo motor is a kind of precise motion control of the executive motor, under the drive control of the servo control system, to achieve torque, angular velocity and/or angular displacement output on the motor shaft: servo drive is used to control a controller of servo motor, its role is to convert the motion control instruction into the driving power (including current, voltage, frequency and other elements) to drive the servo motor to make the corresponding movement with the service motor is divided into two categories: DC and AC servo motor, compared with the ordinary motor its main characteristics are, It is usually used with a feedback device for precise control. According to the data, the market size of servo motors has increased from 2.53 billion yuan in 2014 to 7.59 billion yuan in 2023, and in terms of market segments, the AC servo motor market occupies the main market, accounting for 83.87% of the AC servo motor market size in 2023, and the scale of DC servo motors accounting for 16.13%.
The upstream of the servo motor industry chain is rare earth magnets, ICs and other electronic components, sensors, silicon steel, etc. In recent years, the upstream of the industrial chain of raw materials and electronic components manufacturing industry has developed steadily, product quality and production technology have been continuously improved, the localization rate has continued to increase, domestic manufacturers are concentrated in the Yangtze River Delta, Pearl River Delta and other regions, the market supply is relatively sufficient, and the degree of marketization of procurement prices is relatively high. The middle stream of the servo motor industry chain is the research and development of servo motors, drives and CNC systems. The downstream application fields of the servo motor industry chain include robots, packaging machinery, battery equipment, machine tools, electronic manufacturing equipment, etc.
As far as upstream rare earth permanent magnet materials are concerned, after continuous development, the mainland rare earth permanent magnet material industry has gradually formed a certain scale, and the overall trend of regional cluster distribution shows that Zhejiang, Shanxi and Beijing and Tianjin regions are the main industrial clusters. According to the data, the output of rare earth permanent magnet materials in China will reach 263,600 tons in 2023, a year-on-year increase of 7.15%. With the strong demand of domestic consumer electronics, new energy vehicles, wind power generation and other industries, the production and sales of rare earth permanent magnet industry will continue to maintain a growth trend in the future.
Servo motors can be roughly divided into three levels: high-end, high-end, and low-end: 1) high-end servo motors are mainly used in precision industrial instruments, robots, and military industries, etc., with high requirements for the precision of equipment, and at this level, they are basically monopolized by Germany Japan leading enterprises; 2) Medium and high-end servo motors have the leading servo motor industry in Chinese mainland and some enterprises in Japan, Germany and Taiwan; 3) The low-end servo motor is mainly an enterprise that produces low-end products, mainly enterprises in Chinese mainland, and is still in the catch-up stage technically. With the upgrading of domestic industries, Chinese mainland enterprises represented by Inovance Technology are constantly approaching overseas leading companies in terms of technical level, and the encoders independently developed by Inovance have reached the international level, and the rest of the Chinese mainland brands are gradually catching up, and domestic substitution is in progress. Domestic servo motor manufacturers mainly include Inovance Technology, Jiangte Motor, Jiangsu Leili, Leisai Intelligence, Haozhi Electromechanical, Guangzhou CNC, INVT, Flextron Electric, Huazhong CNC Keli Motor, Xinjie Electric, Micro Optoelectronics and other enterprises.
From the perspective of major enterprises, Inovance's main products are inverters, servo systems, programmable controller converters, human-machine interfaces, motors, sensors, etc., with revenue of 30.42 billion yuan in 2023, a year-on-year increase of 32.21%. Jiangte Motor is engaged in the R&D, production and sales of special motors such as lifting metallurgical motors and high-voltage motors, and its main products are AC motors, DC motors, servo motors, stepper motors, reducers, etc., with revenue of 2.799 billion yuan in 2023, a year-on-year decrease of 57.41%. Flextron Electric is committed to becoming a first-class enterprise in the field of electrical transmission and industrial control, specializing in the production of various inverters, servo systems, construction machinery, PLCHML, automation equipment, etc., with an operating income of 1.305 billion yuan in 2023, a year-on-year increase of 44.03%.
As a well-known research institution in China, we always adhere to customer-centric, market-oriented, and are committed to providing the most valuable research results. We believe that the "2024-2030 China Servo Motor Industry Market Competition Pattern and Development Trend Research Report" will provide strong data support and strategic guidance for your decision-making, help you seize the opportunity in the fierce market competition, and maximize the value.
Data Description:
1: The core data of this report has been updated to December 2023 (the relevant financial indicators of non-listed companies in the report are affected by corporate credit approval, and there may be a certain lag), and the forecast period of the report is 2024-2030.
2: In addition to the first-hand research information and data, authoritative data sources such as the National Bureau of Statistics, China Customs, industry associations, and public reports of listed companies (prospectuses, transfer prospectuses, annual reports, inquiry reports, etc.) also constitute the data sources of this report. The first-hand data comes from the first-hand information data obtained by the research team from interviews with key enterprises in the industry, and the main interview subjects include corporate executives, industry experts, technical leaders, downstream customers, distributors, agents, distributors and upstream raw material suppliers. Secondary sources mainly include relevant industry news, company annual reports, non-profit organizations, industry associations, government agencies and third-party databases from around the world.
3: The core data of the report is based on the strict data collection, screening, processing, analysis system and independent calculation model of the Zhiyan team to ensure the accuracy and reliability of statistical data.
4: The data used in this report are all from compliance channels, and the analysis logic is based on the professional understanding of the Zhiyan team, which clearly and accurately reflects the research views of analysts.
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