Research and Markets: Global Fractional Horsepower Motors Market 2015-2019 – Increased Demand for Household Appliances in APAC
July 13, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/z66wqp/global_fractional) has announced the addition of the “Global Fractional Horsepower Motors Market 2015-2019” report to their offering.
The global fractional horsepower motors market is expected to grow at a CAGR of 6.08% during the period 2014-2019.
The report, Global Fractional Horsepower Motor Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the global fractional horsepower motor market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Growing population, expanding middle class, and rising urbanization in developing nations will be the major contributors to this steady growth. The market will be dominated by APAC, followed by the Americas and EMEA. APAC is expected to witness better growth rates than other regions due to the growth of emerging markets such as India and China.
Regulatory bodies around the world have become increasingly vigilant in formulating guidelines for the usage of electric motors by various end-users. Organizations such as IEC and NEMA have made some mandatory regulations and guidelines requiring motors manufacturers to manufacture eco-friendly and energy efficient motors. For example, the DoE has enforced regulations to raise the efficiency level of small electric motors in the range of 0.25 hp to 3 hp. These regulations are applicable to all motors manufactured or imported for sale in the US. This will increase the demand for FHP motors but at the same time force motor manufacturers to switch to more energy efficient designs and materials for motor manufacture.
According to the report, 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.
Further, the report states that the increased dominance of China in the global electric motors market is a cause of worry for other vendors.
The global fractional horsepower motor market can be segmented into five major end-user industries:
- Home appliances industry
- HVAC industry
- Water and waste water treatment industry
- Medical equipment industry
- Pulp and paper industry
Key Vendors
- ABB
- AMETEK
- Faulhaber
- Maxon Motor
Other Prominent Vendors
- Allied Motion Technologies
- ARC Systems
- ASMO
- Baldor Electric Company
- Danaher Motion
- Johnson Electric
- Nidec
- Regal Beloit
- Weg
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/z66wqp/global_fractional
View source version on businesswire.com: http://www.businesswire.com/news/home/20150713006043/en/
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