Fractional Horsepower Motor Market

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 fractional horsepower motor market was hampered during the outbreak of COVID-19 pandemic, owing to restrictions of manufacturing activities. In addition, the sales of products that are equipped with fractional horsepower motor was hampered owing to limited sales of the products through retail stores.

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.   

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. 

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.

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.

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