Fractional HP Motor Market Size, Share, Growth, and Industry Analysis, By Type (Fractional HP Brushed Motor and Fractional HP Brushless Motor), By Application (Motor Vehicles, Household Appliances, Industrial Machinery, and Aerospace) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

FRACTIONAL HP MOTOR MARKET REPORT OVERVIEW

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The global fractional hp motor market size was USD 49250 million in 2019 and will touch USD 66790 million by 2026, exhibiting a CAGR of 4.4% during the forecast period.

Fractional horsepower motors are electric motors with a power rating much lower than one horsepower (HP). They are intended to supply mechanical power for a variety of uses where a large, high-power motor would be inefficient and redundant. FHP motors are typically small, with power ratings ranging from a fraction of a watt to several hundred watts. Fractional horsepower motors have been widely used in the industrial and aerospace industries in recent years. Final consumers choose fractional horsepower motors over others due to their high power-to-weight ratio, high speed, and electronic control. These horsepower motors are useful in a number of applications, including computer peripherals, disc drives, portable power tools, printers, and automobiles.

The fractional horsepower market is a category of the electric motor market that deals with motors with a power rating of less than one horsepower. These motors are commonly used in an array of applications where a low level of power is required. The fractional horsepower market is varied, encompassing a wide range of industries and applications. FHP motors find use in a variety of sectors. Many firms produce and distribute fractional horsepower motors. These include both global and regional producers that specialise in particular uses or industries.

COVID-19 Impact: Market Growth Increased by Pandemic due to Surge in Need of Hygiene

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has significantly impacted the global economy. The pandemic affected worldwide supply chains due to lockdowns, constraints, and reduced staff availability. This had a significant influence on the production and distribution of fractional horsepower motors, as well as the availability of components and finished products. Many businesses that rely largely on fractional horsepower motors, such as automotive, appliance, and machinery manufacturers, faced delays or shutdowns during the outbreak. This decreased the demand for FHP motors.

LATEST TRENDS

"Increasing use of Mobile Phones Leads to Market Growth"

Manufacturers were desperately focusing on developing motors with improved energy performance, incorporating advanced materials and design techniques to meet strict environmental standards. The incorporation of smart technologies with digitalization in fractional horsepower motors was gaining traction, allowing for better monitoring, control, and predictive maintenance. These trends were developed by the wider industry transition towards sustainability, increased regulatory scrutiny, and the increasing demand for smart and connected devices.

FRACTIONAL HP MOTOR MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized Fractional HP Brushed Motor and Fractional HP Brushless Motor

• Fractional HP Brushed Motor:  A type of electric motor that uses brushes and a commutator for the transmission of electrical power to the rotor, creating electromagnetic forces that lead the motor's rotation.

• Fractional HP Brushless Motor: An electric motor that operates without brushes and a commutator. It depends on electronic commutation to control the flow of current.

By Application

Based on application the global market can be categorized into Motor Vehicles, Household Appliances, Industrial Machinery, and Aerospace.

• Motor Vehicles: It contributes to the overall efficiency and functionality of automotive systems.

• Household Appliances: Commonly found in machines such as washing machine, vacuum cleaner giving the needful power for essential function.

• Industrial Machinery: Uses for jobs such as conveyor tiny machining operations, belt movement, and other auxiliary duties, which play a significant role in the overall manufacturing process.

• Aerospace: FHP motors are utilized in smaller-scale systems such as actuators, avionic components, and various mechanisms.

DRIVING FACTORS

"Need for Energy Efficiency Solutions lead to the Market Growth"

The fractional horsepower market is driven by various factors that contribute to its development and importance across various industries. One of the driving factors is the accelerating demand for energy-efficient solutions. As environmental problems rise and energy regulations become stricter, there is a growing emphasis on developing fractional horsepower motors that are both powerful and energy-efficient. Manufacturers are investing in research and development to improve the performance of these motors, integrating advanced materials and technologies to optimize efficiency in applications.

"Increasing Technological Advancement Accelerate the Market Growth"

The extended application scope of fractional horsepower motors in emerging technologies is another factor that drives the market to another level. The emergence of home automation, smart devices, and the Internet of Things (IoT) has led to a surge in the need for compact and high-performance motors. Fractional horsepower motors play a critical role in powering the motors of smart home appliances, robotics, and other intelligent systems. This trend is tending to continue as technology continues to develop, cultivating innovation and creating new opportunities for fractional hp motor manufacturers to provide for the evolving needs of modern industries.

RESTRAINING FACTORS

"Stringent Regulations Impede Market Growth"

There are several restraining factors that affect the fractional horsepower market. Firstly, the industry faces difficulties related to strict energy efficiency regulations and environmental standards, influencing manufacturers to invest in research and development to meet requirements. Intense market competition and pricing pressures, particularly from low-cost manufacturing regions, put more strain on fractional horsepower companies' profit margins. Supply chain delays, which are sometimes worsened by geopolitical tensions and raw material deficits, complicate businesses' operations, hindering smooth production and distribution processes. These characteristics provide a difficult business environment for fractional horsepower industry stakeholders.

FRACTIONAL HP MOTOR MARKET REGIONAL INSIGHTS

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"North America is Dominating the Market due to Mature Industrial Base"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America holds the largest fractional HP motor market share compared to other regions. In developed regions such as North America, the FHP market is positively affected by a mature industrial base, strict regulations highlighting energy efficiency, and a focus on innovation. The need for FHP motors in these regions is usually driven by replacement needs, technological upgrades, and environmental standards. Regional disparities in economic standards and infrastructure cause varying levels of market penetration and growth rates. Government policies, trade dynamics, and the overall industrial landscape play critical roles in driving fractional HP motor market growth.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The fractional HP market boasts several key industry players that contribute significantly to its dynamism and growth. There are notable companies in the market with a diverse product portfolio ranging from small motors to industrial solutions and a comprehensive range of motors, drives, and automation solutions. Also, companies are renowned for their expertise in producing motors for diverse applications. Industry leaders continue to drive innovation, set industry standards, and play pivotal roles in shaping the trajectory of the fractional horsepower market.

 List of Market Players Profiled

• Allied Motion Technologies (U.S.)
• Johnson Electric (China)
• Regal Beloit (U.S.)
• ASMO (Japan)
• Maxon Motor (U.S.)
• Weg (Brazil)
• Minebea (Japan)
• Ametek (U.S.)
• Danaher Motion (U.S.)
• Faulhaber (Germany)

INDUSTRIAL DEVELOPMENT

February 2021: Nidec Corporation, a Japanese electric motor manufacturer, acquired Mitsubishi Heavy Industries Machine Tool Co., Ltd. for an unannounced amount. Nidec Corporation hopes that this purchase will boost sales of its traction unit, which comprised of a motor, an inverter, and a reducer, and also improve its ability to manufacture gears, which are vital part of the traction unit. Mitsubishi Heavy Industries Machine Tool Co., Ltd. is a Japanese company that produces and designes fractional horsepower motors and water pumps.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence the online advertising market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.