In this report, the Global Fractional HP Motor market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Fractional HP Motor market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
A fractional horsepower motor (FHP) is an electric motor with a rated output power of 746 Watts or less. There is no defined minimum output, however, it is generally accepted that a motor with a frame size of less than 35mm square can be referred to as a ‘micro-motor’.
The term ‘fractional’ indicates that the motor often has a power rating smaller than one horsepower.
Europe was the largest revenue market with a market share of 28.31% in 2012 and 25.83% in 2017 with a decrease of 2.48%. North America ranked the second market with the market share of 23.05% in 2016. The Asia Pacific market for Fractional HP Motor is expected to be the market with the most promising growth rate. Rising per capita income of people in emerging economies such as China, India, Philippines, Thailand, and Vietnam has led to an increase in demand for household appliances and other electric motor-driven systems. Consumers in these countries have started to adopt modern and technologically advanced household appliances to upgrade their lifestyle. There are low ownership levels of heavy consumer durables in developing countries, especially India. This gives ample opportunity for manufacturers to leverage the low penetration level in the above countries. Thus, the increased demand for household appliances has resulted in an increased consumption of FHP motors.
Market Analysis and Insights: Global Fractional HP Motor Market
In 2019, the global Fractional HP Motor market size was US$ 49250 million and it is expected to reach US$ 66790 million by the end of 2026, with a CAGR of 4.4% during 2021-2026.
Global Fractional HP Motor Scope and Market Size
Fractional HP Motor market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Fractional HP Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Fractional HP Motor market is segmented into
Fractional Brushed Motor
Fractional HP Brushless Motor
Segment by Application, the Fractional HP Motor market is segmented into
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Fractional HP Motor Market Share Analysis
Fractional HP Motor market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Fractional HP Motor product introduction, recent developments, Fractional HP Motor sales by region, type, application and by sales channel.
The major companies include:
Allied Motion Technologies
Reasons to Buy This Research Report
- Complete access to Global Fractional HP Motor market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Fractional HP Motor markets including North America, Europe, MEA and Asia Pacific
- Global Fractional HP Motor Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Fractional HP Motor market segmentation
- Key trends, drivers and restraints for global Global Fractional HP Motor market
- Challenges to market growth for Global Fractional HP Motor manufacturers
- Key market opportunities of Global Fractional HP Motor Industry
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