Global Fractional Horsepower (FHP) Motors Market, By Type (AC and DC), Phase (Single-Phase and Three-Phase), End-User (Automotive and Transportation, Household and Commercial Appliances, Medical and Healthcare Devices, Industrial, Building and Construction, HVAC, Water and Wastewater, Pulp and Paper, and Others) - Industry Trends and Forecast to 2030.
Fractional Horsepower (FHP) Motors Market Analysis and Size
Fractional horsepower motor is being widely deployed across industrial and aerospace industry in past years. End users are inclining towards fractional horsepower motor over others owing to the high power to weight ratio, high speed and electronic control. These horsepower motors are beneficial in various applications, such as computer peripherals, disk drives, hand-held power tools, printers, and vehicles.
Data Bridge Market Research analyses that the global fractional horsepower (FHP) motors market was valued at USD 14.63 Billion in 2022, and is expected to reach USD 20.95 Billion by 2030, registering a CAGR of 4.6% during the forecast period of 2023-2030. “Industrial” from end-user segment is expected to witness high growth in application segment owing to the rise in industrialization across various sectors of globe. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fractional Horsepower (FHP) Motors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (AC and DC), Phase (Single-Phase and Three-Phase), End-User (Automotive and Transportation, Household and Commercial Appliances, Medical and Healthcare Devices, Industrial, Building and Construction, HVAC, Water and Wastewater, Pulp and Paper, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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ABB (Switzerland), Siemens (Germany), Brook Crompton (U.K.), Johnson Electric Holdings Limited (Hong Kong), Schneider Electric (France), OMRON Corporation (Japan), ASMO CO., LTD (Japan), AMETEK, Inc. (U.S.), Allied Motion Technologies (U.S.), Arc System Works (Japan), NIDEC CORPORATION (Japan), Danaher (U.S.), Franklin Electric (U.S.), and maxon (Switzerland )
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Market Opportunities
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Market Definition
Fractional Horsepower (FHP) motors are electric motors that have a power rating significantly less than one horsepower (HP). They are designed to provide mechanical power for various applications where a full-sized, high-power motor would be unnecessary and inefficient. FHP motors are typically compact and have power ratings ranging from a fraction of a watt to a few hundred watts.
Global Fractional Horsepower (FHP) Motors Market Dynamics
Drivers
- Use in Various Applications
The increase in the use of fractional horsepower motor in wide range of application in the healthcare, farm equipment, domestic appliance, construction equipment and industrial equipment, among others acts as one of the major factors driving the global fractional horsepower (FHP) motors market.
- Rise in Demand for Industry Specific Motors
The surge in the demand for industry specific and energy-applicable motors in accordance with the needs and demands of the devices and equipment accelerate the market growth. Also, the rise in demand for these motors from HVAC applications because of the increasing need for better efficient and effective HVAC systems has a positive impact on the global market.
- Increase in Popularity of FHP Motors
The rise in popularity of fractional horsepower motor due to the benefits offered by these motors such as low noise level, high torque, and operational efficiency further influence the market. The rise in trend of industrial automation along with surge in inclination towards miniature electronic devices assist in the expansion of the market.
In addition, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the global fractional horsepower (FHP) motors market.
Opportunity
- Rise in Consumer Awareness
Rise in consumer awareness about eco-friendly products extend profitable opportunities to the market players in the forecast period of 2023 to 2030. Also, surge in investments will further expand the market.
Restraints/Challenges
- High Cost Associated with Fractional Horsepower (FHP) Motors
High cost associated with these motors compared to other motors and presence of unorganized sector in developing economies are the factors expected to obstruct the global fractional horsepower (FHP) motors market growth. The availability of alternate options is projected to challenge the global fractional horsepower (FHP) motors market in the forecast period of 2023-2030.
This global fractional horsepower (FHP) motors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global fractional horsepower (FHP) motors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In February 2021, Nidec Corporation, a Japan-based manufacturer of electric motors, acquired Mitsubishi Heavy Industries Machine Tool Co., Ltd. for an undisclosed amount. With this acquisition, Nidec Corporation aims to expand its sales, which combines a motor, an inverter, and a reducer, and improve its ability to manufacture gears, the essential part of the traction unit. Mitsubishi Heavy Industries Machine Tool Co., Ltd. is a Japan-based firm that designs and manufactures fractional horsepower motors and water pumps
Global Fractional Horsepower (FHP) Motors Market Scope
The global fractional horsepower (FHP) motors market is segmented on the basis of type, phase and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- AC
- DC
Phase
- Single-Phase
- Three-Phase
End-User
- Automotive and Transportation
- Household and Commercial Appliances
- Medical and Healthcare Devices
- Industrial, Building and Construction
- HVAC
- Water and Wastewater
- Pulp and Paper
- Others
Global Fractional Horsepower (FHP) Motors Market Regional Analysis/Insights
The global fractional horsepower (FHP) motors market is analysed and market size insights and trends are provided by country, type, phase and end-user as referenced above.
The countries covered in the global fractional horsepower (FHP) motors market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) dominates the global fractional horsepower (FHP) motors market because of the advancements in the agriculture sector, high investments in industrialization and increasing production and sales of electric vehicles within the region.
North America is expected to witness significant growth in the global fractional horsepower (FHP) motors during the forecast period of 2023 to 2030 because of the availability of premium efficiency motors which are used in HVAC, industrial applications and electric cars in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Fractional Horsepower (FHP) Motors Market Share Analysis
The global fractional horsepower (FHP) motors market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global fractional horsepower (FHP) motors market.
Some of the major players operating in the global fractional horsepower (FHP) motors market are:
- ABB (Switzerland)
- Siemens (Germany)
- Brook Crompton (U.K.)
- Johnson Electric Holdings Limited (Hong Kong)
- Schneider Electric (France)
- OMRON Corporation (Japan)
- ASMO CO., LTD (Japan)
- AMETEK, Inc. (U.S.)
- Allied Motion Technologies (U.S.)
- Arc System Works (Japan)
- NIDEC CORPORATION (Japan)
- Danaher (U.S.)
- Franklin Electric (U.S.)
- maxon (Switzerland )
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