A report on the Global Fractional HP Motor Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Fractional HP Motor market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Fractional horsepower motors are lighter and more compact in size. Fractional horsepower motors are basically designed for low power consumption and minimal electromagnetic interference. The fractional horsepower motor has the characteristics of fast operation, superior performance, and a wider range of power options. Fractional horsepower motors are used for drilling, polishing, grinding and various other industrial applications. Fractional horsepower motors are available in both brushed and brushless models. Fractional horsepower motors are widely used in industrial and aerospace industries. The factors that make fractional horsepower motors superior to other motors are electronic control, high power-to-weight ratio, and high speed. Fractional horsepower motors find applications in hand-held power tools, computer peripherals, printers, disk drives, and vehicles.
Benefits associated with fractional horsepower motors such as high torque, low noise level, energy saving, and improved operating efficiency drive the growth of the market. The rising trend of industrial automation and the growing popularity of miniature electronic devices are driving the growth of the fractional horsepower motor market. Fractional horsepower motors are used in a variety of applications such as hand dryers, surgical equipment, fans, pumps, compressors and home appliances. Rising urban population and rising consumer awareness towards eco-friendly products drive the growth of the market.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Kalmar, Cobilift, Liebherr, Konecranes. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Asia Pacific (APAC) dominates the fractional horsepower (FHP) electric motors market owing to advancements in the agricultural sector, high investments in industrialization, and increasing production and sales of electric vehicles in the region.
North America is expected to witness significant growth over the forecast period 2022 to 2029, owing to the availability of high-efficiency electric motors for HVAC, industrial applications, and electric vehicles in the region.
Fractional HP Motor Market Segmentation:
By Type:
- Fractional HP Brushed Motor
- Fractional HP Brushless Motor
- Other
By Applications:
- Motor Vehicles
- Household Appliances
- Industrial Machinery
- Aerospace
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Fractional HP Motor Market?
- Who are the top performing companies in Fractional HP Motor Market?
- Which region dominated the worldwide market for Fractional HP Motor in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/knx-products-market-growing-demand-trends-and-forecast-2022-to-2030-cagr-11-1
- https://www.openpr.com/news/2863137/cervical-total-disc-replacement-device-market-to-see-incredible
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