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In-Depth Analysis of the Fractional Horsepower (FHP) Motors Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Fractional Horsepower (FHP) Motors
Growing consumer sensitivity towards environmentally friendly products is anticipated to drive the expansion of the fractional horsepower (FHP) motor market. Climate change and detrimental environmental effects have spurred an uptick in the recognition of eco-friendly items. FHP motors, which operate with minimal power and are energy-efficient, not only conserve substantial amounts of energy but also diminish harmful environmental impacts. For example, the Consortium for Energy Efficiency (CEE), a US-based non-profit committed to fostering the adoption of energy-saving products and services, reported in a 2022 national analysis of an annual household survey that 89% of US households recognized the ENERGY STAR label and over 45% had consciously bought a product or property bearing this label in the year preceding the survey. The US Environmental Protection Agency (EPA) instituted the ENERGY STAR label as a universally acknowledged sign of energy efficiency, designed to assist consumers in identifying products, homes, and structures that adhere to stringent energy performance standards, thereby minimizing energy expenses and ecological impact. Consequently, the increased interest in eco-friendly products is poised to fuel demand in the fractional horsepower (FHP) motor market.
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What Is the projected market size and growth rate for the fractional horsepower (fhp) motors market?
In the past few years, the market for fractional horsepower (FHP) motors has witnessed significant growth. The market size is anticipated to increase from $15.69 billion in 2024 to $16.81 billion in 2025, signifying a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this historic growth pattern include an upswing in consumer electronics need, an escalating automotive industry, the widening of HVAC and refrigeration sectors, automation implementation in industrial mechanisms, and advances in home appliances.
The market size for fractional horsepower (FHP) motors is anticipated to experience significant growth in the coming years, with projections suggesting a value of $22.53 billion in 2029 and compound annual growth rate (CAGR) of 7.6%. Several factors are responsible for this expected growth during the forecast period, including the swift progress in electric vehicles (EVs), a heightened concentration on energy efficiency, incorporation of the internet of things (IoT) in appliances and gadgets, advances in robotics and automation, and an increasing role in the renewable energy sector. The forecast period will also witness notable trends, such as escalating industry automation, a renewed focus on energy efficiency, a widening scope of applications in HVAC systems, technological leaps in motor design, and a concentrated effort towards motor miniaturization.
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What new trends are reshaping the fractional horsepower (fhp) motors market and its opportunities?
Prominent businesses within the Fractional Horsepower (FHP) motor market, such as electric motor manufacturers, are striving to gain an upper hand through product innovation. These electric motors transform electrical energy to mechanical energy using electric currents and magnetic fields. For example, WEG S.A., a Brazil-based company working in the electric engineering, power, and automation technology industries, introduced W12 in July 2022. This W12 electric motor provides a high level of efficiency and versatility, making it suitable for high-performance industrial use. The W12 motor stands as the lightest yet robust motor in the market, simplifying its installation and transportation. Designed specifically for industrial usage, the motor assures improved performance and reliability for users. It is part of WEG's completely interchangeable product line, which includes the versatile W12 motor, designed to fit a broad range of applications.
What major market segments define the scope and growth of the fractional horsepower (fhp) motors market?
The fractional horsepower (FHP) motors market covered in this report is segmented -
1) By Motor Type: AC, DC
2) By Product Type: Brushed, Brushless
3) By Phase: Single-Phase, Three-Phase
4) By Application: Automotive, HVAC, Medical Equipment, Home Appliance, Other Applications
Subsegments:
1) By AC: Single-Phase AC Motors, Three-Phase AC Motors, Permanent Split Capacitor (PSC) Motors
2) By DC: Brushed DC Motors, Brushless DC Motors, Stepper Motors
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Which region dominates the fractional horsepower (fhp) motors market?
Asia-Pacific was the largest region in the fractional horsepower (FHP) motor market in 2024. The regions covered in the fractional horsepower (fhp) motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the fractional horsepower (fhp) motors industry growth?
Major companies operating in the fractional horsepower (FHP) motors market include 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., BGB Electricals Pvt. Ltd., Electro Craft India Pvt. Ltd., AAC Drives Ltd., Euro Motors India Pvt. Ltd., Beacon Electricals Pvt. Ltd., C&S Electric Ltd., Elgi Electric & Electronics Ltd., Bharat Bijlee Ltd., Akshay Electricals Pvt. Ltd., C & C Electricals Pvt. Ltd., C.P. Industries Ltd., Emacon Power Pvt. Ltd., Empre Electricals Pvt. Ltd., Encon Electricals Pvt. Ltd., Evergreen Electricals & Controls Pvt. Ltd., Beel Electrical Ltd., Bhavya Electricals Pvt. Ltd., Delta Electric Motion India Pvt. Ltd., G.M. Electric Drives Pvt. Ltd., Greaves Cotton Ltd., Indus Power Products Pvt. Ltd., K.K. Electricals Ltd.
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What Is Covered In The Fractional Horsepower (FHP) Motors Global Market Report?
•Market Size Forecast: Examine the fractional horsepower (fhp) motors market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the fractional horsepower (fhp) motors market for a structured understanding.
•Key Players Overview: Analyze major players in the fractional horsepower (fhp) motors market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fractional horsepower (fhp) motors market.
•Segment Contributions: Evaluate how different segments drive overall growth in the fractional horsepower (fhp) motors market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fractional horsepower (fhp) motors market.
•Industry Challenges: Identify potential risks and obstacles affecting the fractional horsepower (fhp) motors market.
•Competitive Landscape: Review strategic developments in the fractional horsepower (fhp) motors market, including expansions, agreements, and new product launches.
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