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2021
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Analysis of the Current Situation and Development of the Industrial Electrical Industry: Overall Technological Level Gradually Improving
After years of development, China has become the world's largest producer of electrical and magnetic materials and other electrical products. Data shows that by the end of the Twelfth Five-Year Plan period, China's annual output of small motors will reach 10 billion units, accounting for 70% of the global output. Future trends in micro and special motors will focus on energy saving and intelligence. In the next 20 years, China will strive to move from a 'manufacturing powerhouse' to a 'technological powerhouse'. In addition, the production of electrical products such as motors, wires and cables, and power supplies is also continuously increasing with the development of China's power industry.
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