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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.
Scope of the Report:
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.
The worldwide market for Fractional HP Motor is expected to grow at a CAGR of roughly 5.2% over the next five years, will reach 61000 million US$ in 2024, from 45000 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Fractional HP Motor in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Allied Motion Technologies
- Johnson Electric
- Regal Beloit
- Maxon Motor
- Danaher Motion
- Nidec Corporation
- Baldor Electric
- Precision Microdrives
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Fractional Brushed Motor
- Fractional HP Brushless Motor
Market Segment by Applications, can be divided into
- Motor Vehicles
- Household Appliances
- Industrial Machinery
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Fractional HP Motor product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Fractional HP Motor, with price, sales, revenue and global market share of Fractional HP Motor in 2017 and 2018.
Chapter 3, the Fractional HP Motor competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Fractional HP Motor breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Fractional HP Motor market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Fractional HP Motor sales channel, distributors, customers, research findings and conclusion, appendix and data source.