The industrial fractional horsepower motors market is valued at USD 10.7 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2023 to 2033, reaching USD 17.9 billion. The market is projected to generate an additional USD 7.2 billion in financial potential over the forecast period.
In North America, the growing trend of miniaturization is expected to drive demand for fractional horsepower motors. As equipment and businesses become more compact and space-efficient, the need for portable motors that can fit into smaller spaces is increasing. These motors, known for their compact size and ability to deliver the necessary power in confined areas, are expected to see widespread adoption, particularly in the aerospace and automotive industries in countries like the United States and Canada, where reducing equipment weight is a priority.
By 2033, the adoption of robotics and automation across Asia Pacific is likely to further boost sales of industrial fractional horsepower motors. These motors are expected to play a key role in robotics, enabling precise and controlled movements. They are also likely to be integrated into control sensors and systems, providing reliable feedback and real-time data in fully automated operations. The growing demand for precision and efficiency in industries adopting robotics solutions is anticipated to drive market growth.
For instance, Amway India invested over USD 20.16 million in November 2020 to enhance its factory automation, home delivery service, and digital capabilities. The company plans to implement offline-to-online (O2O) marketing strategies, particularly in India, to support its direct sellers in expanding their businesses through social media platforms.
Key Takeaways from Industrial Fractional Horsepower Motors Market Study
- The market showcased a CAGR of 6.6% in the historical period from 2018 to 2022.
- The United States industrial fractional horsepower motors industry is anticipated to register a CAGR of 5.2% from 2023 to 2033.
- Industrial fractional horsepower motors market in China is estimated to witness a CAGR of 5.1%.
- The United Kingdom industrial fractional horsepower motors industry is likely to reach a valuation of US$ 662.8 million by 2033.
- By end-users, the oil & gas segment is anticipated to witness a CAGR of 5.0% from 2023 to 2033.
Competitive Landscape
With several businesses present, the industrial fractional horsepower motors market is very competitive. They primarily concentrate on releasing highly robust, effective, and reasonably priced products. They are spending significant money on research and development to do this.
Leading businesses also hope to introduce specialized solutions to meet certain client requirements. They will likely distinguish themselves from their competitors and develop strong bonds with their customers.
A handful of industrial fractional horsepower motors suppliers are acquiring and merging with nearby businesses. They want to reach client bases, create breakthrough technologies, and co-develop complementary product lines. Companies might benefit from mergers & acquisitions if they want to increase their global reach and market capabilities.
Top Key Players in the Industrial Factional HP Motors Market:
- ABB Group subsidiary Baldor Electric Company offers a variety of industrial motors, including motors with industrial fractional horsepower. It provides servomotors, gear motors, and DC & AC motors for industrial automation, HVAC systems, and commercial equipment.
- In terms of electric controllers and motors, WEG Electric Corporation is a pioneer. It offers a complete selection of horsepower motors, including single-phase, three-phase AC, and specialty motors. Its industrial fractional horsepower motors are widely employed in the machinery, agriculture, and industrial automation sectors.
Industrial Fractional Horsepower Motors Market Outlook by Category
By End-user:
- Oil & Gas
- Pulp & Paper
- Metal & Mining
- Food & Beverage
- Other End-Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/industrial-fractional-horsepower-motors-market
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