Driven by the dual carbon goals, the government has introduced mandatory energy efficiency standards and incentive measures to promote energy conservation and emission reduction in the motor industry. Latest data indicates that industrial motors with IE3 and above energy efficiency ratings have rapidly gained popularity due to policy initiatives, simultaneously spurring notable growth in sintered neodymium-iron-boron (NdFeB) magnetic materials.
In 2022, the production of IE3 and above energy-efficient motors surged by 81.1% year-on-year, while that of IE4 and above motors increased by 65.1%, with exports also rising by 14.4%. This growth is attributed to the implementation of the “Motor Energy Efficiency Improvement Plan (2021-2023)”, which aims to achieve an annual production of 170 million kW of high-efficiency energy-saving motors by 2023, accounting for over 20% of the in-service motors. Additionally, the enforcement of the GB 18613-2020 standard signifies the domestic motor industry’s full entry into the era of high efficiency.
The proliferation of IE3 and above energy-efficient motors has positively impacted the demand for sintered NdFeB magnetic materials. NdFeB permanent magnets, with their exceptional comprehensive performance, can significantly enhance motor energy efficiency, and it is projected that global demand for high-performance NdFeB will exceed 360,000 tons by 2030.
Against the backdrop of the dual carbon strategy, industrial permanent magnet motors will emerge as one of the fastest-growing sectors. It is anticipated that within the next five years, the penetration rate of rare earth permanent magnet motors in the industrial motor sector will exceed 20%, resulting in an increase in NdFeB consumption of at least 50,000 tons. To meet this demand, the industry needs to:
Enhance the performance indicators of NdFeB materials, such as high magnetic energy product and high-temperature resistance.
Develop Chinese-branded rare earth permanent magnet motors to improve product quality and reliability.
Innovate high-abundance magnet technologies, like hot-pressed magnets and novel iron-cobalt-based magnets.
Establish a full range of permanent magnets and components to form standardized product specifications.
Improve application guidelines and standards for permanent magnetic materials to promote sustainable industrial development.
Construct a complete industrial chain structure to drive the high-quality development of high-performance industrial permanent magnet motors.
As a vital segment of rare earth functional materials, rare earth permanent magnetic materials will usher in a new era of high-quality development, fueled by market demand and industry self-regulation.
Post time: Sep-05-2024