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Fractional Horsepower Motor Market Analysis 2030, Statistics, Facts, Regional Trends Expected to Reach $22.6

04-19-2024 10:44 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Fractional Horsepower Motor Market

Fractional Horsepower Motor Market

The global fractional horsepower motor market size was valued at $13.3 billion in 2020, and is expected to reach $22.6 billion by 2030, with a CAGR of 4.9% from 2021 to 2030. In 2020, Asia-Pacific dominated the global market, in terms of revenue, accounting for around 41.10% share of the global market.

Fractional horsepower motor is compact in size, possesses high torque, requires less maintenance, is low noise level, and provides better torque to weight ratio. This motor is used in various applications such as automotive, beauty & healthcare products, and robotics. Such instances drive the market growth.

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Market Outlook:

Growing popularity of fractional horsepower motors, owing to electronic computation in automation and construction applications drives the demand for fractional horsepower motors in luxury features in the automobiles and electrical vehicles, which fuels the fractional horsepower motor market growth. For instance, according to Indian Brand Equity Foundation, the pharmaceutical industry in India increased by 10.5% from 2018 to 2019.

Various manufacturers in the global fractional horsepower motor had to shut down their businesses activities, due to the lockdown initiated in countries such as UAE, India, Brazil, and others. This break has directly impacted the sales of fractional horsepower motor manufacturing companies globally.

For instance, the net sales of Siemens AG dropped by 0.4% from September 2019 to September 2020. In addition, lack of raw materials, disruption in supply chain, and lack of man power halted the supply chain of fractional horsepower motors products. However, the re-initiation of the fractional horsepower motor industry and availability of vaccines for coronavirus disease are projected to lead the opening of the global fractional horsepower motor at their full-scale capacities.

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Segmentation Based On:

By Product Type -
Brushed
Brushless

By Application -
Automotive
HVAC
Medical Equipment
Home Appliance
Others

Top Players:

Robert Bosch GmbH, AMETEK, Inc., Rockwell Automation, Inc., ABB, Toshiba International Corporation, Allied Motion, Inc., BorgWarner Inc., NIDEC CORPORATION, DENSO CORPORATION, Johnson Electric Holdings Limited

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Read More Related Reports:

Electric Motor Market - https://www.alliedmarketresearch.com/electric-motor-market

Sliding Vane Air Motor Market - https://www.alliedmarketresearch.com/sliding-vane-air-motor-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR 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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