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.
Fractional HP Motor companies are mainly from United States and Europe, the industry concentrate rate is low. The top three companies are Allied Motion Technologies, Johnson Electric, Regal Beloit Corp, with the revenue market share of 2.42%, 2.26% and 1.74% in 2016.
Although sales of Fractional HP Motor brought a lot of opportunities, the study group recommends the new entrants who has not technical advantage and downstream support do not enter into the Fractional HP Motor field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.
According to this study, over the next five years the Fractional HP Motor market will register a 5.2% CAGR in terms of revenue, the global market size will reach US$ 61000 million by 2024, from US$ 45000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Fractional HP Motor business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Fractional HP Motor market by product type, application, key manufacturers and key regions and countries.
This study considers the Fractional HP Motor value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Fractional Brushed Motor
Fractional HP Brushless Motor
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Motor Vehicles
Household Appliances
Industrial Machinery
Aerospace
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Allied Motion Technologies
Johnson Electric
Regal Beloit
ASMO
Maxon Motor
Weg
Minebea
Ametek
Danaher Motion
Faulhaber
Nidec Corporation
Baldor Electric
Portescap
Groschopp
Precision Microdrives
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Fractional HP Motor consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Fractional HP Motor market by identifying its various subsegments.
Focuses on the key global Fractional HP Motor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Fractional HP Motor with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Fractional HP Motor submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Fractional HP Motor . Industry analysis & Market Report on Fractional HP Motor is a syndicated market report, published as Global Fractional HP Motor Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Fractional HP Motor market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.