Fractional Horsepower Motor Market Expected to Reach $22.6 Billion by 2030

According to a new report published by Allied Market Research, titled, “Fractional Horsepower Motor Market by Motor Type, Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global fractional horsepower motor market size was valued at $13.3 billion in 2020, and is expected to reach $22.6 billion by 2030, with a CAGR of 4.9% from 2021 to 2030. In 2020, Asia-Pacific dominated the global market, in terms of revenue, accounting for around 41.10% share of the global market.

Fractional horsepower motor is compact in size, possesses high torque, requires less maintenance, is low noise level, and provides better torque to weight ratio. This motor is used in various applications such as automotive, beauty & healthcare products, and robotics. Such instances drive the market growth. 

Major players such as Mitsuba Corporation, Portescap, and Siemens AG launched new fractional horsepower motor in the market. For instance, in April 2018, Mabuchi Motor Co. Ltd. launched a RS-4G5WA motor used for peripheral engine equipment. It has features such as improved heat resistance, improved vibration resistance, and have high torque speed, having output capacity of 2.0 W to 33 W. It weighs approximately 125 g.

Growing popularity of fractional horsepower motors, owing to electronic computation in automation and construction applications drives the demand for fractional horsepower motors in luxury features in the automobiles and electrical vehicles, which fuels the fractional horsepower motor market growth. For instance, according to Indian Brand Equity Foundation, the pharmaceutical industry in India increased by 10.5% from 2018 to 2019.

Various manufacturers in the global fractional horsepower motor had to shut down their businesses activities, due to the lockdown initiated in countries such as UAE, India, Brazil, and others. This break has directly impacted the sales of fractional horsepower motor manufacturing companies globally. For instance, the net sales of Siemens AG dropped by 0.4% from September 2019 to September 2020. In addition, lack of raw materials, disruption in supply chain, and lack of man power halted the supply chain of fractional horsepower motors products. However, the re-initiation of the fractional horsepower motor industry and availability of vaccines for coronavirus disease are projected to lead the opening of the global fractional horsepower motor at their full-scale capacities.

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 2020Based 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.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging global fractional horsepower motor market trends and dynamics. 
• Depending on motor type, the AC segment was the largest revenue generator in 2020.
• By product type, the brushed segment generated the highest revenue in 2020.
• Based on application, the home appliance segment dominated the market in 2020.
• Region wise, Asia-Pacific is anticipated to dominate the global fractional horsepower motor throughout the study period.
• The report provides an extensive analysis and emerging opportunities of the market. 
• The global fractional horsepower motor market forecast analysis from 2021 to 2030 is included in the report.