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Industrial Fractional Horsepower Motors Market worth $21.01 billion by 2030, growing at a CAGR of 5.67% - Exclusive Report by 360iResearch
Industrial Fractional Horsepower Motors Market | 360iResearch
The Global Industrial Fractional Horsepower Motors Market to grow from USD 14.27 billion in 2023 to USD 21.01 billion by 2030, at a CAGR of 5.67%.
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Industrial fractional horsepower (FHP) motors are electric motors with a power rating of 746.9 or 746 watts or less, which is approximately equivalent to one horsepower or less. These motors are crucial components in various industrial and commercial applications, offering precise power for automation, control systems, and various small machinery. Despite their compact size, fractional horsepower motors are designed for reliability, efficiency, and durability, meeting the rigorous demands of various industrial environments. The versatility and efficiency of these motors make them an essential element in the operation of lightweight machinery and equipment requiring minimal power consumption for optimal performance. The growth of the industrial fractional horsepower motors market is driven by the increasing automation in various industries, which demands efficient and reliable motors for precise operations. Additionally, the surge in consumer electronics and household appliances necessitates industrial FHP motors for their functionality. Despite the growth prospects, fluctuating raw material prices, which can impact the manufacturing cost and pricing of FHP motors, present significant challenges for the market. However, the burgeoning IoT and smart technologies market offers a promising avenue for integrating advanced features into FHP motors, enhancing their functionality and application scope.
The industrial fractional horsepower motors market in the Americas has shown consistent growth, driven by advances in automation and a recovering industrial sector. Moreover, the widespread presence of automotive and healthcare industries in the region has been pivotal in this growth, demanding more energy-efficient and compact solutions. In the EMEA region, Europe, as a major market within this cluster, emphasizes energy efficiency and sustainability, pushing the demand for fractional horsepower motors. The implementation of stringent regulatory standards, such as the Ecodesign Directive in the EU, propels innovation and adoption of advanced motors. The Middle East and Africa, albeit smaller markets, are showcasing notable growth owing to increased infrastructure projects and industrial investments. The APAC region is witnessing the fastest growth in the industrial fractional horsepower motors market, buoyed by rapid industrialization and urbanization in countries including China and India. The expanding manufacturing sector, coupled with increased investments in automation and robotics, underpins this growth. Consumer electronics, automotive, and renewable energy sectors are particularly driving demand, benefiting from the region's push for innovation and efficiency.
Market Segmentation & Coverage:
This research report categorizes the Industrial Fractional Horsepower Motors Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Motor Type, market is studied across AC Motors and DC Motors. The AC Motors is further studied across Single-Phase Fractional HP Motors and Three-Phase Fractional HP Motors. The DC Motors is further studied across Brushed Motors and Brushless Motors. The DC Motors is projected to witness significant market share during forecast period.
Based on Power Rating, market is studied across 1/2 to 1 HP, 1/4 to 1/2 HP, Above 1 HP, and Less than 1/4 HP. The Less than 1/4 HP is projected to witness significant market share during forecast period.
Based on Category, market is studied across Permanent Magnet Motors, Servo Motors, and Stepper Motor. The Permanent Magnet Motors is further studied across Asynchronous Motors and Synchronous Motors. The Servo Motors is projected to witness significant market share during forecast period.
Based on End-User Industry, market is studied across Automotive, Food & Beverage, Healthcare, Manufacturing, Metal & Mining, Oil & Gas, and Pulp & Paper. The Healthcare is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.59% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Fractional Horsepower Motors Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Fractional Horsepower Motors Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Fractional Horsepower Motors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Allied Motion Technologies, Inc., AMETEK, Inc., Bodine Electric Company, Crompton Greaves, Delco Fans Pvt. Ltd., Dr. Fritz Faulhaber GmbH & Co. KG, ElectroCraft, Inc., Elin Electronics Ltd., Elnor Motors NV, Groschopp, Johnson Electric Holdings Limited, Maxon Group, Motor Specialty, Nidec Corporation, Power Electric, Regal Rexnord Corporation, Revolution Technology, Rockwell Automation, Inc., Senva Inc, Sinotech, Inc., Spark Engineering & Automation, Swipfe Engineering Pvt. Ltd., Weg SA, and WorldWide Electric Corp..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Fractional Horsepower Motors Market, by Motor Type
7. Industrial Fractional Horsepower Motors Market, by Power Rating
8. Industrial Fractional Horsepower Motors Market, by Category
9. Industrial Fractional Horsepower Motors Market, by End-User Industry
10. Americas Industrial Fractional Horsepower Motors Market
11. Asia-Pacific Industrial Fractional Horsepower Motors Market
12. Europe, Middle East & Africa Industrial Fractional Horsepower Motors Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Fractional Horsepower Motors Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Fractional Horsepower Motors Market?
3. What is the competitive strategic window for opportunities in the Industrial Fractional Horsepower Motors Market?
4. What are the technology trends and regulatory frameworks in the Industrial Fractional Horsepower Motors Market?
5. What is the market share of the leading vendors in the Industrial Fractional Horsepower Motors Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Fractional Horsepower Motors Market?
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