Press release
Surging Demand and Rapid Technological Advancements Propelling the Fractional Horsepower (FHP) Motors Market: A 2029 Projection of $22.53 Billion Market Size
Global Fractional Horsepower (FHP) Motors Market
What Is The Projected Market Size Of The Global Fractional Horsepower (FHP) Motors Market And Its Growth Rate?
The FHP Motors Market has experienced robust growth in recent years, with:
• Market size standing at $15.69 billion in 2024 and rising to expectantly hit $16.81 billion in 2025 at a CAGR of 7.1%.
• The market size set to surge to $22.53 billion in 2029, growing at a CAGR of 7.6%.
What Is Driving The Growth In The Fractional Horsepower (FHP) Motors Market?
The growth in the Consumer's awareness about eco-friendly products plays a pivotal role in promoting the FHP motors market. The motors operate on minimal power promoting energy efficiency and environment friendliness. As per the 2022 Consortium for Energy Efficiency (CEE)'s survey, 89% of US households were aware of the ENERGY STAR label with over 45% purchasing ENERGY STAR labeled products within the year leading up to the survey. With the ENERGY STAR symbol recognized as a symbol for energy efficiency, this awareness is expected to significantly drive the demand for FHP motors.
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Who Are the Key Players Driving Fractional Horsepower (FHP) Motors Market Growth?
The FHP Motors Market hosts a pool of key players, including:
• Honeywell International Inc.
• ABB Group
• NIDEC Corporation
• B & B Electricals Ltd.
• AMETEK Inc.
• Johnson Electric Holdings Limited
• Dr. Beck India Pvt. Ltd.
• Crompton Greaves Ltd.
• Allied Motion Inc.
Among others.
What Are The Key Trends In The Fractional Horsepower (FHP) Motors Market?
Key trends in the FHP Motors market include:
• Rising automation in industries
• Growing emphasis on energy efficiency
• Expanding applications in HVAC systems
• Technological advancements in motor design
• Focus on motor miniaturization.
What Are The Segments Of The Global Fractional Horsepower (FHP) Motors Market?
The FHP Motors Market segments include:
• By Motor Type: AC, DC
• By Product Type: Brushed, Brushless
• By Phase: Single-Phase, Three-Phase
• By Application: Automotive, HVAC, Medical Equipment, Home Appliance, Other Applications.
Which Region Leads The Fractional Horsepower (FHP) Motors Market?
Asia-Pacific remains dominant in the FHP Motors market, retaining the largest market share in 2024. Other regions covered in this market include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Fractional Horsepower (FHP) Motors Market Global Market Report?
- Market Size Analysis: Analyze the FHP Motors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the FHP Motors Market.
- Key Player Focus: Examine key players, focusing on their market value, share, and competitive landscape.
- Growth Trends Analysis: Scrutinize individual growth trends and market prospects.
- Market Contribution: Assess contributions of various segments to the overall market growth.
- Growth Drivers: Discuss key factors influencing market growth, and unravel opportunities and drivers.
- Industry Challenges: Probe into challenges and risks impacting the FHP Motors Market.
- Competitive Developments: Examine competitive developments, such as expansions, agreements, and new product launches in the market.
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