Press release
Industrial Fractional Horse power Motors Market Comprehensive Insights 2018
Our analysts forecast the global Industrial Fractional Horse power Motors market to grow at a CAGR of 4.94% during the period 2017-2022
Fractional horsepower motors are electricity-powered motors with a rated output of 756 watt or less. However, electric motors with a frame size of less than 35 mm or two-digit NEMA frame size are also referred as fractional horsepower motors, with an output power that is not limited to 1 hp.
Industry DataAnalytics considered the market scope for both the cases. Global Industrial Fractional Horse Power Motors Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Essential points covered in Global Industrial Fractional Horse power Motors Market 2018 Research are:-
•What will the market size and the growth rate be in 2022?
•What are the key factors driving the Global Industrial Fractional Horse power Motors market?
•What are the key market trends impacting the growth of the Global Industrial Fractional Horse power Motors market?
•What are the challenges to market growth?
•Who are the key vendors in the Global Industrial Fractional Horse power Motors market?
•What are the market opportunities and threats faced by the vendors in the Global Industrial Fractional Horse power Motors market?
•What are the key outcomes of the five forces analysis of the Global Industrial Fractional Horse power Motors market?
This independent 119 pages report guarantees you will remain better informed than your competition. With over tables and figures examining the Industrial Fractional Horse power Motors market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2022.
Furthermore, the report provides a detailed analysis of the Global Industrial Fractional Horse power Motors market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
The market is divided into the following segments based on geography: Americas, APAC, EMEA
Companies Mentioned are: ABB, Allied Motion Technologies, Johnson Electric, Regal Beloit, and Rockwe.
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IndustryDataAnalytics Announces the Publication of its Research Report: Global Industrial Fractional Horse power Motors Market 2018-2022
Commenting on the report, an analyst from IndustryDataAnalytics team said: The latest trend gaining momentum in the market is predictive maintenance of motors using smart sensors. The increasing adoption of IIOT in process and discrete industries has driven the overall productivity. Industries are trying to convert themselves into smart industries, which has been possible with the help of IIoT.
Each component in these industries is connected to cloud technology, so that predictive maintenance can be performed. As industrial fractional horsepower motors are deployed inside the equipment, it becomes very difficult to keep a regular check on motors. Therefore, motors are connected with smart sensors that send the information of a motors working condition to the cloud system
Market challenge
Scarcity of raw materials and rising copper price
For a full, detailed list, view our report
Market trend
Predictive maintenance of motors using smart sensors
For a full, detailed list, view our report
According to the report, one of the major drivers for this market is Growing adoption of energy-efficient equipment across industries. Industries are increasingly focusing on using energy-efficient equipment in production processes as well as end-products to address the concern of rising energy costs worldwide. Motors are one of the biggest energy consumers in industries, comprising more than 60% of industrial energy, which results in high energy costs and carbon emissions. In end-user industries such as oil and gas, pulp and paper and food and beverage, energy consumption accounts for a large share of overhead costs.
Further, the report states that one of the major factors hindering the growth of this market is Scarcity of raw materials and rising copper price. The scarcity of raw materials continues to be a major challenge for industrial fractional horse power motors market. Rare earth metals, such as neodymium, iron, and boron, are used in the manufacturing of permanent magnet motors. This permanent magnet is very helpful for motors, as it is twice as strong when compared with a typical ferrite-based magnet. Rare earth metals are difficult to mine and fabricate into components. These metals are found in limited quantity at a given place. Therefore, any fluctuation in price impacts the cost of these magnets and permanent magnet motors. China is the major supplier of the rare earth magnets across the world.
Browse Full Report at:
https://www.industrydataanalytics.com/global-industrial-fractional-horse-power-motors-market-2018-to-2022-tech01868-p.php
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About us:
Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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