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Emerging Trends Influencing The Growth Of The Fractional Horsepower (FHP) Motors Market: Energizing Innovation With New Electric Motor In The Fractional Horsepower Motor Market
Fractional Horsepower (FHP) Motors
What Is the Expected Fractional Horsepower (FHP) Motors Market Size During the Forecast Period?
In recent years, there has been significant growth in the fractional horsepower (FHP) motors market. The market, which is projected to skyrocket from $15.69 billion in 2024 to $16.81 billion in 2025, will feature a compound annual growth rate (CAGR) of 7.1%. This burgeoning growth in the past years has been fueled by numerous factors including heightened demand for consumer electronics, an accelerative growth in the automotive industry, the broadening of HVAC and refrigeration sectors, an increase in automation within industrial processes, and the advancement of home appliances.
The market size of fractional horsepower (FHP) motors is predicted to significantly expand in the forthcoming years. By 2029, it is projected to reach $22.53 billion, with an annual compounded growth rate (CAGR) of 7.6%. Factors contributing to the market's growth within the forecast period include the rapid development of electric vehicles (EVs), a heightened emphasis on energy conservation, the incorporation of the Internet of Things (IoT) into appliances and devices, the proliferation of robotics and automation, and a growing role in renewable energy systems. Key trends predicted for the forecast period are rising industrial automation, an increased focus on energy efficiency, burgeoning applications in HVAC systems, advancements in motor design technology, and an emphasis on motor miniaturization.
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What Are the High-Growth Segments in 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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What Key Drivers Are Expected to Influence Future Fractional Horsepower (FHP) Motors Market Growth?
The surge in consumer knowledge surrounding environmentally friendly goods is projected to boost the growth of the fractional horsepower (FHP) motor sector. Increases in understanding of eco-friendly commodities have been driven by changing climates and the negative effects on the environment. With their energy-efficient operation and low power consumption, fractional horsepower motors offer significant energy savings and carry less of an ecological burden. A national analysis of an annual household survey conducted in 2022 by the Consortium for Energy Efficiency (CEE), a nonprofit organization in the US working towards wider acceptance of energy-efficient products and services, revealed that 89% of American households recognized the ENERGY STAR label. Moreover, over 45% of them reported consciously buying an ENERGY STAR-labeled commodity or home in the year preceding the survey. ENERGY STAR, a symbol of energy efficiency that is widely acknowledged, was created by the US Environmental Protection Agency (EPA) to assist consumers in recognizing products, homes, and buildings that satisfy rigorous energy performance standards. This contributes to a reduction in energy expenditure and ecological consequences. So, knowledge about eco-friendly products will lead to an increase in demand within the fractional horsepower (FHP) motor market.
Which Companies Hold the Largest Share Across Different Fractional Horsepower (FHP) Motors Market Segments?
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.
What Trends Are Expected to Dominate the Fractional Horsepower (FHP) Motors Market in the Next 5 Years?
Leading firms in the fractional horsepower (FHP) motor market are introducing new products like electric motors as part of their competitive strategy. An electric motor is a machine that converts electrical energy into mechanical energy using electric currents interacting with magnetic fields. For example, in July 2022, WEG S.A., a Brazilian company in the electricity, energy, and automation technology sectors, launched a product called W12. The W12 electric motor is designed for high-performance industrial applications, providing efficiency and flexibility. The W12 motor is the lightest durable motor available, simplifying both installation and transportation. It is designed specifically for industrial applications, offering improved performance and reliability for users. The WEG product line, including the versatile W12 motor, ensures easy operation and adaptability across various applications.
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What Are the Emerging Geographies for The Fractional Horsepower (FHP) Motors Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fractional Horsepower (FHP) Motors Market?
2. What is the CAGR expected in the Fractional Horsepower (FHP) Motors Market?
3. What Are the Key Innovations Transforming the Fractional Horsepower (FHP) Motors Industry?
4. Which Region Is Leading the Fractional Horsepower (FHP) Motors Market?
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