[Click eStock] "SPG, Stable Home Appliance Sector and High-Growth Industrial Sector"

[Asia Economy Reporter Hyungsoo Park] Heungkuk Securities forecasted on the 8th that SPG's sales of precision control motors and reducers will increase due to the favorable conditions in the upstream industries.

Choi Jong-kyung, a researcher at Heungkuk Securities, explained, "Precision control motors and reducers are applied in both industrial and household sectors," adding, "They are utilized in display equipment, semiconductor lines, logistics conveyors, reducers for robots, and machine tools."

He continued, "In the household sector, they are used in ice crusher motors for double-door refrigerators, which hold over 80% of the global market share, as well as in air conditioner cooling blowers, refrigerator cooling circulation, and air purifiers."

He emphasized, "With the increase in demand for premium products, the market for high-efficiency smart home appliances, such as BLDC (Brushless DC) motors capable of low noise, low vibration, and high-speed operation, is expanding."

Researcher Choi also analyzed, "In the industrial sector, demand for key products such as FA, OLED displays, logistics automation, and secondary battery assembly processes is growing alongside the favorable conditions in upstream industries," adding, "Sales of SH reducers and SR reducers for manufacturing multi-joint robots, collaborative robots, and machine tools are increasing."

He estimated that this year’s sales will reach 386 billion KRW, with an operating profit of 24.1 billion KRW.

This content was produced with the assistance of AI translation services.