Industrial Fractional Horsepower Motors

Industrial Fractional Horsepower Motors

Global Industrial Fractional Horsepower Motors Market to Reach US$15.3 Billion by 2030

The global market for Industrial Fractional Horsepower Motors estimated at US$10.6 Billion in the year 2023, is expected to reach US$15.3 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030. Oil & Gas End-Use, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$4.2 Billion by the end of the analysis period. Growth in the Pulp & Paper End-Use segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.8 Billion While China is Forecast to Grow at 8.2% CAGR

The Industrial Fractional Horsepower Motors market in the U.S. is estimated at US$2.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Industrial Fractional Horsepower Motors Market - Key Trends & Drivers Summarized

What Are Fractional Horsepower Motors and Their Industrial Applications?

Fractional horsepower (FHP) motors are electric motors with a power rating of less than one horsepower. These motors are essential components in many appliances and equipment across various industries due to their efficiency and compact size. FHP motors are commonly used in HVAC systems, automotive components, home appliances, and office machinery. In industrial settings, they are pivotal in powering devices that require low power but high reliability, such as pumps, small conveyors, fans, and compressors. Their widespread application is largely due to their adaptability, efficiency, and cost-effectiveness in operations where large motors would be impractical.

How Is Innovation Driving Changes in Fractional Horsepower Motors?

Innovation in fractional horsepower motors is primarily focused on improving energy efficiency and expanding functionality. Advances in magnetic materials and motor design have led to the development of motors that are smaller, lighter, and more energy-efficient. Additionally, the integration of electronic controls and programmable features allows for greater precision in speed and torque control, enhancing the performance of the motors in diverse applications. The shift towards brushless DC motors in many applications also highlights the industry`s move towards more durable and maintenance-free motor solutions, suitable for demanding industrial environments.

What Trends Are Shaping the Fractional Horsepower Motors Market?

The fractional horsepower motors market is shaped by trends towards automation and electrification across industries. As more processes become automated, the demand for reliable and efficient small motors to power various devices increases. Additionally, the growing trend of electrification in vehicles and industrial equipment drives the need for FHP motors in new applications, such as in electric vehicles and renewable energy systems. Environmental regulations pushing for reduced energy consumption also influence the development of more efficient motor designs.

What Are the Key Drivers of Growth in the Industrial Fractional Horsepower Motors Market?

The growth in the industrial fractional horsepower motors market is driven by several factors. The increasing automation in industrial manufacturing and the broader integration of electronic devices in consumer and commercial applications bolster the demand for FHP motors. Technological advancements that enhance motor efficiency and adaptability further stimulate market growth. Additionally, the expansion of the consumer electronics and automotive sectors, particularly with the rise of electric vehicles and smart home technologies, provides significant opportunities for the application of FHP motors. The ongoing efforts to improve energy efficiency in response to global sustainability targets also push the development and adoption of high-efficiency FHP motors. Collectively, these drivers ensure sustained demand and innovation within the market.

Select Competitors (Total 48 Featured) -

• ABB Group
• Allied Motion Technologies, Inc.
• Johnson Electric Group
• Regal Beloit Corporation
• Rockwell Automation, Inc.

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