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2021

Fractional Horsepower Motor Market

Fractional Horsepower Motor Market Size, Share, Competitive Landscape and Trend Analysis Report by Motor Type, Product Type and Application : Global Opportunity Analysis and Industry Forecast, 2021-2030

CM : Residential Construction and Improvement

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Author's: Digvijay Pawar | Sonia Mutreja
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The global fractional horsepower motor market size was valued at $13,327.7 million in 2020, and is expected to reach $22,598.8 million by 2030, with a CAGR of 4.9% from 2021 to 2030. Fractional horsepower motor is lighter and compact in size. Fractional horsepower motor is basically designed for low power consumption and minimize electromagnetic interference. Fractional horsepower motor has features such as quick operation, superior performance, and broader power option. Fractional horsepower motor finds applications in drilling, polishing, grinding, and various other industrial applications. Fractional horsepower motor is available in both modes brushed as well as brushless. Fractional horsepower motor is widely used in industrial and aerospace industry. The factors that make a fractional horsepower motor advantageous over other motors are electronic control, high power to weight ratio, and high speed. Fractional horsepower motors find their applications in hand-held power tools, computer peripherals, printers, disk drives, and vehicles. 

The benefits associated with fractional horsepower motor such as high torque, low noise level, save energy, and increase operational efficiency fuel the growth of the market. The rise in trend of industrial automation and growing popularity of miniature electronic devices fuel the fractional horsepower motor market growth. Fractional horsepower motor finds use in various applications such as hand dryer, surgical devices, fans, pumps, compressors, and domestic appliances. Increase in urban population and rise in consumer awareness about eco-friendly products drive the growth of the market.   

Fractional-Horsepower-Motor-Market-2021-2030[1]

A rise in demand for DC motors in HVAC, agriculture, and other applications, owing to features such as energy efficiency, variable speed, environment friendly, compact size, and minimal maintenance cost drive the growth of the market. An increase in urbanization and industrialization in emerging countries such as Germany, France, the U.S., and others, fuels the demand for automotive vehicle. This is expected to fuel the demand for motor; thereby, driving the growth of the AV and DC fractional horsepower motor globally. 

In addition, fractional horsepower motor is used in various industry verticals such as agriculture, medical, healthcare, and automotive, owing to rise in demand for motors. The healthcare industry in various countries such as the UK, the U.S., and India is growing at a significant pace, due to increase in investments in this sector by government. For instance, in 2018, the UK Government spent $252.9 billion on the healthcare industry. This is expected to drive the demand for brushless DC motors, owing to features such as energy efficient, high torque, and high rpm. Growth in demand for HVACs in the Middle East, especially in Gulf Cooperation Council (GCC) countries and increase in demand for HVAC in the UAE due to rise in focus to decrease the dependence on oil, drive the growth of the fractional horsepower motor market in this region. In addition, events such as World Expo 2020 in UAE and FIFA World Cup 2022 in Qatar boost the demand for infrastructure and HVAC. This is expected to increase the demand for fractional horsepower motor in the Middle East. All such instances drive the growth of the fractional horsepower motor market. 

However, slow-down in the automotive industry and high initial capital investment are expected to restraint the growth of the market. Furthermore, rise in demand for fractional horsepower motor from robotics and automated robot technologies is anticipated to provide lucrative growth opportunities for the fractional horsepower motor. 

Fractional Horsepower Motor Market
By Motor Type
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DC segment holds the largest share in Fractional Horsepower Motor market

The global fractional horsepower motor market is segmented on the basis of motor type, product type, application, and region. On the basis of motor type, the market is divided into AC and DC. The AC segment generated the highest revenue in 2020. Based on product type, the market is divided into brushed and brushless. The brushed segment dominated the market in 2020. Based on application, the market is divided into automotive, HVAC, medical equipment, home appliances and others. The home appliances segment dominated the market in 2020. 

Region wise, the global fractional horsepower motor market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global fractional horsepower motor market share, and is anticipated to secure a leading position during the forecast period.

Fractional Horsepower Motor Market
By Product Type
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Brushed providers segment holds dominant position in 2020

Competition Analysis

Key players profiled in this report include ABB, Allied Motion, Inc., AMETEK, Inc., BorgWarner Inc., Denso Corporation, Johnson Electric Holdings Limited, Nidec Corporation, Robert Bosch GmbH, Rockwell Automation, Inc. and Toshiba International Corporation.

The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the changing consumer demands. For instance, in February 2021, Nidec Corporation acquired Mitsubishi Heavy Industries Machine Tools Co. Ltd., based in Japan, which deals in motors, machine tools, cutting tools, and related products. The acquisition aimed to improve the product portfolio of motors and actuators.

Fractional Horsepower Motor Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current fractional horsepower motor market trends and future estimations.  
  • Extensive analysis of global fractional horsepower motor is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global fractional horsepower motor market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within the global fractional horsepower motor industry are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global fractional horsepower motor.

Fractional Horsepower Motor Market Report Highlights

Aspects Details
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By Motor Type
  • AC
  • DC
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By Product Type
  • Brushed
  • Brushless
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By Application
  • Automotive
  • HVAC
  • Medical Equipment
  • Home Appliance
  • Others
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Johnson Electric Holdings Limited, Rockwell Automation, Inc., Robert Bosch GmbH, NIDEC CORPORATION, BorgWarner Inc., AMETEK, Inc., Allied Motion, Inc., Toshiba International Corporation, ABB, DENSO CORPORATION

Analyst Review

The global fractional horsepower motor witnessed a huge demand in Asia-Pacific followed by Europe & North America. The highest share of the Asia-Pacific market is attributed to increase in demand in fractional horsepower motors in automotive and pharmaceutical sectors.

Fractional horsepower motor is compact in sizes; hence, it is widely adopted in hand held devices, electric shavers, electric toothbrushes, vehicle cleaner accessories, and other equipment. The benefits associated with fractional horsepower motors include high efficiency, high torque speed, small in size, and available in brushed as well as brushless technology. A rise in demand for fractional horsepower motor in industrial and manufacturing sector globally fuels the growth of the fractional horsepower motor market. In addition, huge demand for HVAC (heating, ventilation, and air conditioning) and automotive industries is expected to provide lucrative opportunities for the growth of the fractional horsepower motors market.

Moreover, major players such as Mabuchi Motor Co Ltd, Simens AG, and others, are adopting acquisition as a key developmental strategy to improve the product portfolio of fractional horsepower motor product. For instance, in June 2021, Mabuchi Motor Co Ltd acquired Electromag SA that deals in providing motors for medical equipment. The acquisition aimed to improve the product portfolio of fractional horsepower motors. All such instances drive the growth of the fractional horsepower motor market.

Author Name(s) : Digvijay Pawar | Sonia Mutreja
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Frequently Asked Questions?

The global fractional horsepower motor market size was valued at $13,327.7 million in 2020, and is expected to reach $22,598.8 million by 2030, with a CAGR of 4.9% from 2021 to 2030.

The forecast period considered for the global fractional horsepower motor market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

To get latest version of global fractional horsepower motor market report can be obtained on demand from the website.

The base year considered in the global fractional horsepower motor market report is 2020.

The top companies holding the market share in the global fractional horsepower motor market report include ABB, Allied Motion, Inc., AMETEK, Inc., BorgWarner Inc., Denso Corporation, Johnson Electric Holdings Limited, Nidec Corporation, Robert Bosch GmbH, Rockwell Automation, Inc. and Toshiba International Corporation.

The top ten market players are selected based on two key attributes - competitive strength and market positioning

By motor type, the AC segment dominated the global fractional horsepower motor market, in terms of revenue and is expected to maintain this trend during the forecast period.

By application, the home appliances segment is the highest share holder of global fractional horsepower motor market.

The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

The market value of the global fractional horsepower motor market is $14,633.9 million in 2021.

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Fractional Horsepower Motor Market

Global Opportunity Analysis and Industry Forecast, 2021-2030