How Has The Fractional Horsepower (FHP) Motors Market Size Evolved In Recent Years?
The fractional horsepower (fhp) motors market has seen considerable growth due to a variety of factors.
• The market size for fractional horsepower (FHP) motors has observed substantial growth in recent times, escalating from a value of $15.69 billion in 2024 to an estimated $16.81 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%.
The remarkable growth experienced in the past can be primarily associated with the surge in demand for consumer electronics, expansion in the automotive industry, growth in HVAC and refrigeration sectors, incorporation of automation in industrial processes, and advancements in domestic appliances.
How Will the Fractional Horsepower (FHP) Motors Market Size Evolve over the Forecast Period?
The fractional horsepower (fhp) motors market is expected to maintain its strong growth trajectory in upcoming years.
• The market for fractional horsepower (FHP) motors is predicted to experience robust growth in the forthcoming years. The market is projected to reach $22.53 billion by 2029, swelling at a compound annual growth rate (CAGR) of 7.6%.
This expected growth during the forecast period can be linked to rapid progression in electric vehicles (EVs) industry, an enhanced emphasis on energy efficiency, integration of the IoT in appliances and gadgets, rise in robotics and automation, and its broadening role in renewable energy systems. The forecast period is also expected to witness major trends including growing industrial automation, heightened focus on energy efficiency, broadening applications in HVAC systems, technological advancements in motor design, and an increased focus on motor miniaturization.
What Are The Essential Drivers Behind The Growth Of The Fractional Horsepower (FHP) Motors Market?
The growth of the fractional horsepower (FHP) motor market is anticipated to be driven by the increasing consumer consciousness about environmentally friendly products. The shifting climate and damaging environmental consequences have heightened awareness of such products. Fractional horsepower motors, which consume very little power, are energy-saving motors that conserve a significant amount of energy without producing any harmful environmental effects. For example, as per a nationwide review of the 2022 annual household survey by the Consortium for Energy Efficiency (CEE), a nonprofit organization in the US advocating for the integration of energy-efficient products and services, it was found that 89% of US households were familiar with the ENERGY STAR label, and more than 45% of these households consciously purchased an ENERGY STAR-labeled product or home within a year prior to the survey. The US Environmental Protection Agency (EPA) established ENERGY STAR as a well-known symbol for energy efficiency, guiding consumers toward products, homes, and buildings that adhere to strict energy performance standards, consequently reducing energy expenses and environmental harm. As such, the awareness and demand for eco-friendly products are set to boost the fractional horsepower (FHP) motor market.
What Key Areas Define The Segmentation Of The Global Fractional Horsepower (FHP) Motors Market?
The fractional horsepower (FHP) motors market covered in this report is segmented –
1) By Motor Type: AC, DC
2) By Product Type: Brushed, Brushless
3) By Phase: Single-Phase, Three-Phase
4) By Application: Automotive, HVAC, Medical Equipment, Home Appliance, Other Applications
Subsegments:
1) By AC: Single-Phase AC Motors, Three-Phase AC Motors, Permanent Split Capacitor (PSC) Motors
2) By DC: Brushed DC Motors, Brushless DC Motors, Stepper Motors
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How Are Emerging Trends Reshaping The Dynamics Of The Fractional Horsepower (FHP) Motors Market?
Key players in the fractional horsepower (FHP) motor market, such as electric motor manufacturers, are creating innovative products to maintain their competitiveness. An electric motor is a piece of equipment that transforms electrical power into mechanical power using the interplay of electric currents and magnetic forces. Take, for instance, WEG S.A., a company based in Brazil that specializes in electrical engineering, power, and automation technologies. In July 2022, they unveiled W12, a new electric motor purposed for high-performance industrial use. The W12 motor, renowned for its lightness and durability, simplifies procedures like installation and transportation. Tailored to cater to the requirements of industrial applications, this motor provides enhanced performance and reliability to its users. The WEG product range, inclusive of the W12 motor, assures ease of utilization and flexibility across diverse applications.
Who Are the Key Players in the Fractional Horsepower (FHP) Motors Market?
Major companies operating in the fractional horsepower (FHP) motors market include:
• Honeywell International Inc.
• ABB Group
• NIDEC Corporation
• B & B Electricals Ltd.
• AMETEK Inc.
• Johnson Electric Holdings Limited
• Dr. Beck India Pvt. Ltd.
• Crompton Greaves Ltd.
• Allied Motion Inc.
• BGB Electricals Pvt. Ltd.
• Electro Craft India Pvt. Ltd.
• AAC Drives Ltd.
• Euro Motors India Pvt. Ltd.
• Beacon Electricals Pvt. Ltd.
• C&S Electric Ltd.
• Elgi Electric & Electronics Ltd.
• Bharat Bijlee Ltd.
• Akshay Electricals Pvt. Ltd.
• C & C Electricals Pvt. Ltd.
• C.P. Industries Ltd.
• Emacon Power Pvt. Ltd.
• Empre Electricals Pvt. Ltd.
• Encon Electricals Pvt. Ltd.
• Evergreen Electricals & Controls Pvt. Ltd.
• Beel Electrical Ltd.
• Bhavya Electricals Pvt. Ltd.
• Delta Electric Motion India Pvt. Ltd.
• G.M. Electric Drives Pvt. Ltd.
• Greaves Cotton Ltd.
• Indus Power Products Pvt. Ltd.
• K.K. Electricals Ltd.
What Is The Most Dominant Region In The Fractional Horsepower (FHP) Motors Market?
Asia-Pacific was the largest region in the fractional horsepower (FHP) motor market in 2024. The regions covered in the fractional horsepower (fhp) motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
