The market is dominated by domestic suppliers, as imports account for 7.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 100% of total demand in 2022. China has the largest market size for electric motors, generators and transformers regionally, with demand reaching USD243 billion in 2022. Xinjiang Goldwind Science & Technology Co Ltd is the largest company in China, generating 3.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 11.9% of total production value in 2022. The total number of companies decreases in 2022, to 73,279 units. The costs of the industry increase by 0.3% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 8.5% of production value in 2022, the eighth highest regionally. The industry’s exports share increases in 2022 to 16.2% of total production output. With production value of USD231 billion, China accounts for 77.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Electric Motors, Generators and Transformers in China: ISIC 311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Motors, Generators and Transformers in China: ISIC 311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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