Industrial Fractional Horsepower Motors Market Outlook from 2023 to 2033
The global industrial fractional horsepower motors market size is expected to reach a valuation of US$ 10.7 billion in 2023. It is anticipated to grow at a considerable CAGR of around 5.2% from 2023 to 2033.
The industrial fractional horsepower motors market is slated to hit US$ 17.9 billion by 2033. A financial potential worth US$ 7.2 billion is estimated for the fractional HP motor market in the review period.
Miniaturization Trend in North America to Create New Growth Avenues
Growing trend of miniaturization in North America is anticipated to bolster industrial fractional horsepower motor demand. As equipment and businesses become space-efficient and compact, demand for portable motors fitting into small spaces might surge. Novel fractional horsepower motors are expected to be highly preferred, backed by their ability to provide the required energy in small spaces and compact sizes.
Industries in countries such as Canada and the United States are expected to lower the weight of their devices and machinery with miniaturization. Fractional horsepower motors are set to be exhaustively used in industries such as aerospace and automotive, where lightweight components are needed.
In April 2023, for instance, together with Magna, the Pacific Northwest National Laboratory of the United States Department of Energy created a manufacturing process. It cuts the energy required to collect and recycle scrap aluminum into new car parts by more than 50% and carbon dioxide emissions by more than 90%. This would help the company to produce lightweight car components.
Investments in Automation and Robotics across Asia Pacific to Boost Demand
Growing acceptance and adoption of robotics & automation in countries across Asia Pacific might propel industrial fractional horsepower motor sales by 2033. Robotics and automation are projected to use these motors to offer controlled and precise movements as per requirements.
Newly developed industrial fractional horsepower motors will likely be integrated into control sensors and systems. These are expected to allow real-time data and accurate feedback in fully automated processes. Increasing demand for high efficiency and precision in industries using robotics solutions is anticipated to drive growth.
In November 2020, for instance, Amway India invested around US$ 20.16 million to enhance its digital capabilities, home delivery service, and manufacturing automation. Amway is set to introduce offline-to-online (O2O) globally, especially in India. This would be done to digitally assist and motivate its direct sellers in forging networks that harness the potential to expand their businesses on social media platforms.
Historical Industrial Fractional Horsepower Motors Market Vs. Demand Forecast
The global industrial fractional horsepower motors market showcased a decent CAGR of 6.6% in the historical period from 2018 to 2022. It is anticipated to register a CAGR of 5.2% in the estimated period. The industrial FHP motors market stood at a considerable valuation of US$ 10.1 billion in 2022.
Historical Industrial Fractional Horsepower Motors Market CAGR (2018 to 2022)
6.6%
Historical Industrial Fractional Horsepower Motors Market Value (2022)
US$ 10.1 billion
The industrial fractional horsepower motors market is anticipated to be driven by their growing use in coffee machines worldwide. Brewing coffee and grinding coffee beans require precise control to obtain the desired taste or flavor. Ability of industrial fractional horsepower motors to offer the necessary consistency and precision in coffee machines might lead to the preparation of superior-quality coffee.
Launch of several innovative coffee machines that provide personalization features in terms of coffee type, temperature, and brewing strength is anticipated to boost sales. Industrial fractional horsepower motors enable brewers to adjust the aforementioned perimeters accurately, fulfilling unique demands from consumers.
Surging demand for specialty coffees such as latte, cappuccino, and espresso is anticipated to bolster sales of coffee machines with multiple motor-driven components and functions. Renowned cafes are set to look for coffee bean grinders and milk frothers in their machines. Manufacturers will likely include industrial fractional horsepower motors in their in-house machines to make them highly versatile.
Individuals are expected to look for coffee machines operating quietly in offices and homes to avoid environmental disturbances. Integrating industrial fractional horsepower motors into coffee machines is set to help reduce the noise level, providing a noiseless brewing solution.
As per Nescafé, coffee consumption increased dramatically in the United Kingdom from about 70 million cups daily in 2008 to an astounding 95 million in 2018. It also unveiled that the average person in the United Kingdom has three cups of coffee daily. Increasing coffee consumption worldwide might raise demand for unique coffee machines, driving industrial fractional horsepower motor sales.
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Latest Trends, Opportunities, and Challenges
The table below provides the latest trends observed in global industrial fractional horsepower motors market, growth obstacles, and upcoming opportunities. Business strategies for the industrial fractional horsepower motors industry enable stakeholders to invest in the right area and gain profit.
Attributes
Key Factors
Latest Trends
Key manufacturers are expected to develop new motors to meet certain requirements, including specialized industrial processes and extreme environmental conditions.
Growing concerns about sustainability are likely to result in the development of eco-friendly motors with reduced energy consumption and material usage.
Upcoming Opportunities
Ongoing expansion of the electric vehicle industry is expected to drive the industrial fractional horsepower motors market as these are required in steering assistance, HVAC systems, and power windows.
Rapid industrialization in developing countries is set to create new opportunities in the industrial fractional horsepower motors market as these countries would look for affordable and efficient solutions for manufacturing & automation.
Challenges
Need to comply with strict environmental norms might compel manufacturers to change their materials and designs, which can be expensive and pose a challenge in the industrial fractional horsepower motors market.
Cost and availability of required raw materials such as magnets and rare earth metals can be subject to price fluctuations and shortages, leading to a hindrance in the industrial fractional horsepower motors market.
Comparative Analysis of Adjacent Industrial Fractional Horsepower Motors Markets
The global industrial fractional horsepower motors market is likely to be impacted by the peer or tangential markets in the industrial automation domain. These include other markets such as the motorized decoiler machine market and the industrial rotary table market. The global sales outlook of the industrial fractional horsepower motors market can provide deeper insights that might help develop unique differentiating strategies to pursue growth and opportunity.
Out of the 3 markets, the industrial fractional horsepower motors market is set to dominate, followed by the industrial rotary table market with valuations of US$ 10.7 billion and US$ 825.6 million in 2023, respectively. All three markets are likely to surge amid rising demand for automation and efficient operations across several industries.
Industrial Fractional Horsepower Motors Market
Attributes
Industrial Fractional Horsepower Motors Market
CAGR (2023 to 2033)
5.2%
Market Value (2023)
US$ 10.7 billion
Growth Factor
Rising adoption of renewable energy such as solar and wind power is likely to propel the demand for small-scale generators and tracking systems, augmenting the industrial fractional horsepower motors market.
Key Trend
Integration of IoT technology for predictive maintenance and remote monitoring to lower downtime is set to create new opportunities in the industrial fractional horsepower motors market.
Motorized Decoiler Machine Market
Attributes
Motorized Decoiler Machine Market
CAGR (2023 to 2033)
3.9%
Market Value (2023)
US$ 3.3 million
Growth Factor
Ongoing advancement in coil processing technology and rapid expansion of the manufacturing industry are set to push demand.
Key Trend
Need to reduce human intervention for straightening and unrolling heavy metal reels is projected to propel growth.
Industrial Rotary Table Market
Attributes
Industrial Rotary Table Market
CAGR (2023 to 2033)
3.2%
Market Value (2023)
US$ 825.6 million
Growth Factor
Increasing demand for quality and accuracy in industries such as electronics, aerospace, and automotive is likely to drive sales.
Key Trend
Surging need for specialty dyes such as functional and high-performance dyes is projected to bolster demand.
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Country-wise Insights
The below table explains the industrial fractional horsepower motors market demand from the top 5 countries. Regional forecast for the industrial fractional horsepower motors market by country states that the United States is anticipated to remain at the forefront by topping a size of US$ 3.1 billion by 2033.
China might reach US$ 2.5 billion in 2033. Japan is expected to follow the United States and China to create a moderate industrial fractional horsepower motor demand worth US$ 1.6 billion.
Country
Market Value (2033)
United States
US$ 3.1 billion
United Kingdom
US$ 662.8 million
China
US$ 2.5 billion
Japan
US$ 1.6 billion
South Korea
US$ 761.8 million
In the below table of the growth potential of industrial fractional horsepower motors market, CAGRs of the top 5 countries are provided. Out of the 5, the United States and China are likely to lead the industrial fractional horsepower motors market by exhibiting CAGRs of 5.2% and 5.1%, respectively from 2023 to 2033. Followed by these, South Korea and Japan are expected to witness industrial fractional horsepower motor sales at CAGRs of 5.0% and 4.8%, respectively.
Country
Value-based CAGR (2023 to 2033)
United States
5.2%
United Kingdom
4.5%
China
5.1%
Japan
4.8%
South Korea
5.0%
Washing Machine Manufacturers in the United States to Use Electric Motors
The United States industrial fractional horsepower motors market is anticipated to register a CAGR of 5.2% from 2023 to 2033. It grew at a decent CAGR of 6.5% in the historical period.
Increasing demand for washing machines in the United States is projected to augment growth in the industrial fractional horsepower motors market. Key washing machine manufacturers are set to incorporate industrial fractional horsepower motors in their products to deliver smooth, yet energy-efficient washing. These motors are expected to offer high performance and energy efficiency in washing machines.
Newly launched washing machines often come with multiple wash cycles that need variable speed control. Use of industrial fractional horsepower motors is expected to help control the speed precisely, ensuring the adaption of several fabric types and load sizes. This might result in better fabric care and cleaning.
Rising demand for compact and front-loading washing machine models is also set to drive the market. These types of washing machines do not have adequate space for components. However, industrial fractional horsepower motors have compact designs, which might allow for the optimization of space without hampering performance.
United Kingdom-based Air Conditioner Companies to Use Fractional HP Motors
The United Kingdom is likely to reach a valuation of US$ 662.8 million by 2033. It is projected to establish a clear-cut financial potential of US$ 237.6 million from 2023 to 2033 in the industrial fractional horsepower motors market.
In the United Kingdom, air conditioners are projected to be in high demand through 2033. Hence, manufacturers are under constant pressure to reduce energy consumption and meet energy efficiency norms. Use of industrial fractional horsepower motors is estimated to help achieve a high energy efficiency rating by improving efficiency.
Today’s modern air conditioners often come with built-in inverters. These would require precise temperature control and high energy efficiency. Manufacturers are likely to use innovative motors to refine the performance of inverter-driven air conditioners.
Gree UK, a member of the Calibre Services Group, provides its offering of prestigious photovoltaic-powered systems, heat pumps, splits, and chillers across the United Kingdom. The business already has signed contracts with national air conditioning experts, and it has a backlog of active inquiries for significant projects.
Industrial Motors Market in China to Witness Demand from Automakers
Industrial fractional horsepower motors market in China is estimated to witness a CAGR of 5.1% in the assessment period. It is expected to top a valuation of US$ 2.5 billion by 2033.
Rising demand for new vehicles with features such as power seats in China is anticipated to fuel the fractional horsepower motor market. Customized positioning options is extremely crucial for power seats to provide ergonomics and comfort. Ability of fractional horsepower motors to provide the required control to adjust the seats is likely to support demand.
Comfort is considered a leading selling point in the automotive sector worldwide. Increasing demand for high convenience and comfort in vehicles is projected to accelerate the sales of industrial fractional horsepower motors.
Innovative power seats are expected to deliver a variety of features in terms of adjustments such as reclining, height, lumbar support, and tilt. Hence, the use of industrial fractional horsepower motors might surge with their ability to offer precision and variability.
Solar Farms in Japan Might Seek Low-horsepower Motors through 2033
Japan is likely to exhibit a CAGR of 4.8% during the forecast period in the industrial fractional horsepower motors market. It grew at a CAGR of 5.9% from 2018 to 2022.
The industrial fractional horsepower motors market size in Japan is set to be driven by the increasing use of solar energy in the country. According to the Institute for Sustainable Energy Policies, the proportion of renewables in Japan's total power generation, including on-site consumption, is predicted to be 22.7% in 2022.
Energy management systems and energy storage systems such as battery racks are also projected to demand industrial fractional horsepower motors. Need for efficient charging in solar storage systems is expected to bolster demand as these motors provide precise movement.
Several large-scale solar farms in Japan are projected to deploy automation technologies to pave the way for smooth operations. Industrial fractional horsepower motors are estimated to lower manual tasks, optimize diverse processes, and enable automated adjustments.
Food and Drink Mixers in South Korea Might Contain Small Electric Motors
South Korea is projected to reach a valuation of US$ 761.8 million by 2033. It is likely to register a CAGR of 5.0% from 2023 to 2033.
FHP AC motors market in South Korea is expected to flourish amid increasing application in food and drink mixers. Rising preference for healthy and homemade food & beverages is likely to propel the demand for food and drink mixers. To provide efficient mixing processes, manufacturers are anticipated to use industrial reliable fractional horsepower motors.
As compact motors require less maintenance and have a smaller number of moving components than their larger counterparts, demand might expand. Consumers looking for food & beverage mixers that would require less maintenance and repairs might help propel the market.
Need for ingredient homogenization in the food & beverage industry is another crucial factor that might augment the industrial fractional horsepower motors market. Ability of industrial fractional horsepower motors to provide the required control is expected to drive growth.
Category-wise Insights
Oil and Gas Companies to Swear by Fractional Horsepower Motor Efficiency
The table below highlights global demand for industrial fractional horsepower motors by end-users. Under end-users, the demand for industrial motors in oil & gas sector is likely to remain high in the assessment period.
The oil & gas segment, while smaller, is set to showcase a significant CAGR of 5.0% through 2033. It is expected to be followed by pulp & paper, metal & mining, food & beverage, and other segments.
Category
End-User
Sub-category
Oil & Gas
Value-based CAGR (2023 to 2033)
5.0%
In terms of end-users, the oil & gas segment is projected to generate a prominent industrial fractional horsepower motors market share in 2033. The segment is anticipated to witness a CAGR of 5.0% from 2023 to 2033. It expanded at a steady CAGR of 6.4% in the historical period.
Increasing demand for optimization and downsizing equipment in the oil & gas industry to lower operational costs is set to aid sales. Ability of industrial fractional horsepower motors to provide energy efficiency and compactness in conveyors, compressors, and pumps is likely to push demand.
Growing adoption of the Internet of Things (IoT) technology in several sectors, along with industrial fractional horsepower motors, might also support demand. It would enable manufacturers to control and monitor complex equipment remotely. This feature is anticipated to be crucial for remote and offshore oil & gas infrastructure where real-time information is needed for efficiency and safety.
The oil & gas industry involves diverse operations in challenges and harsh environments. Offshore wellheads and drilling rigs are expected to propel industrial fractional horsepower motor demand as these would help withstand such conditions. These are anticipated to protect the infrastructure from explosive atmospheres, corrosive substances, and high temperatures.
Competitive Landscape
The global industrial fractional horsepower motors market is highly competitive with the presence of several companies. They mainly focus on launching highly durable, efficient, and affordable products. To do so, they invest huge sums in research and development activities.
Leading companies are also aiming to launch personalized systems to cater to specific demands from their clients. They will likely set themselves apart from their rivals and create robust client relationships.
A handful of industrial fractional horsepower motor suppliers are engaging in mergers and acquisitions with local players. They aim to co-develop complementary product ranges, gain access to customer bases, and achieve novel technologies. Merges and acquisitions help companies to broaden their market capabilities and reach worldwide.
Baldor Electric Company, which is now a division of ABB Group, provides a wide range of industrial motors, including industrial fractional horsepower motors. It offers servo motors, gear motors, and DC & AC motors for applications such as commercial equipment, HVAC systems, and industrial automation.
WEG Electric Corporation is a pioneer in electric controls and motors. It provides a comprehensive line of horsepower motors such as specialized motors, three-phase AC motors, and single-phase motors. Its industrial fractional horsepower motors are extensively used in industrial automation, agriculture, and machinery sectors.
Nidec Corporation is a Japan-based firm that delivers electric motors such as industrial fractional horsepower motors. Its leading consumers are industrial automation, consumer electronics, and automotive sectors. The company is well-known for its reliability and efficiency.
Scope of the Industrial Fractional Horsepower Motors Market Report
Value-based Industrial Fractional Horsepower Motors Market CAGR (2023 to 2033)
5.2%
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Value (US$ billion)
Segments Covered in Industrial Fractional Horsepower Motors Market Study
End-User
Region
Regions Covered in Industrial Fractional Horsepower Motors Report
North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East & Africa
Key Countries Covered in Worldwide Industrial Fractional Horsepower Motors Market
United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC Countries, India, China, Japan and Australia
Industrial Fractional Horsepower Motors Market Top Players
ABB Group
Allied Motion Technologies, Inc.
Johnson Electric Group
Regal Beloit Corporation
Rockwell Automation, Inc.
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
Frequently Asked Questions
What is the future market value for fractional horsepower (FHP) motors market?
The global market might top US$ 17.9 billion by 2033.
What are the applications of industrial fractional horsepower motors?
Industrial fractional horsepower motors are set to be used in the oil & gas sector.
What are the latest trends in the industrial fractional horsepower motors market?
Rising adoption of automation and robotics are the latest trends.
Who are the leading industrial fractional horsepower motor manufacturers?
ABB Group and Allied Motion Technologies, Inc. are the leading manufacturers.
What are the leading countries covered in the market?
The United States, China, South Korea, and the United Kingdom are covered in the market.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By End-Use, 2018 to 2022
5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By End-Use, 2023 to 2033
5.3.1. Oil & Gas
5.3.2. Pulp & Paper
5.3.3. Metal & Mining
5.3.4. Food & Beverage
5.3.5. Other End-Uses
5.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Western Europe
6.3.4. Eastern Europe
6.3.5. South Asia and Pacific
6.3.6. East Asia
6.3.7. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. United States
7.2.1.2. Canada
7.2.2. By End-Use
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By End-Use
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By End-Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By End-Use
8.4. Key Takeaways
9. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. United Kingdom
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Rest of Western Europe
9.2.2. By End-Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By End-Use
9.4. Key Takeaways
10. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Poland
10.2.1.2. Russia
10.2.1.3. Czech Republic
10.2.1.4. Romania
10.2.1.5. Rest of Eastern Europe
10.2.2. By End-Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By End-Use
10.4. Key Takeaways
11. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. India
11.2.1.2. Bangladesh
11.2.1.3. Australia
11.2.1.4. New Zealand
11.2.1.5. Rest of South Asia and Pacific
11.2.2. By End-Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By End-Use
11.4. Key Takeaways
12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By End-Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By End-Use
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa
13.2.2. By End-Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By End-Use
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. United States
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By End-Use
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By End-Use
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By End-Use
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By End-Use
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By End-Use
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By End-Use
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By End-Use
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By End-Use
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By End-Use
14.10. Poland
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By End-Use
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By End-Use
14.12. Czech Republic
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By End-Use
14.13. Romania
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By End-Use
14.14. India
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By End-Use
14.15. Bangladesh
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By End-Use
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By End-Use
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By End-Use
14.18. China
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By End-Use
14.19. Japan
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By End-Use
14.20. South Korea
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By End-Use
14.21. GCC Countries
14.21.1. Pricing Analysis
14.21.2. Market Share Analysis, 2022
14.21.2.1. By End-Use
14.22. South Africa
14.22.1. Pricing Analysis
14.22.2. Market Share Analysis, 2022
14.22.2.1. By End-Use
14.23. Israel
14.23.1. Pricing Analysis
14.23.2. Market Share Analysis, 2022
14.23.2.1. By End-Use
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By End-Use
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ABB Group
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Allied Motion Technologies, Inc.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Johnson Electric Group
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Regal Beloit Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Rockwell Automation, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Toshiba International Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. AMETEK, Inc
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Robert Bosch GmbH
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. DENSO CORPORATION
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. NIDEC CORPORATION
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
List of Tables
Table 1: Global Market Value (US$ billion) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 5: North America Market Value (US$ billion) Forecast by Country, 2018 to 2033
Table 6: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 7: North America Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 9: Latin America Market Value (US$ billion) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: Latin America Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 12: Latin America Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 13: Western Europe Market Value (US$ billion) Forecast by Country, 2018 to 2033
Table 14: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Western Europe Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 16: Western Europe Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 17: Eastern Europe Market Value (US$ billion) Forecast by Country, 2018 to 2033
Table 18: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Eastern Europe Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 20: Eastern Europe Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 21: South Asia and Pacific Market Value (US$ billion) Forecast by Country, 2018 to 2033
Table 22: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 23: South Asia and Pacific Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 24: South Asia and Pacific Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 25: East Asia Market Value (US$ billion) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 28: East Asia Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 29: Middle East and Africa Market Value (US$ billion) Forecast by Country, 2018 to 2033
Table 30: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 31: Middle East and Africa Market Value (US$ billion) Forecast by End-Use, 2018 to 2033
Table 32: Middle East and Africa Market Volume (Units) Forecast by End-Use, 2018 to 2033
List of Charts
Figure 1: Global Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 2: Global Market Value (US$ billion) by Region, 2023 to 2033
Figure 3: Global Market Value (US$ billion) Analysis by Region, 2018 to 2033
Figure 4: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 8: Global Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 11: Global Market Attractiveness by End-Use, 2023 to 2033
Figure 12: Global Market Attractiveness by Region, 2023 to 2033
Figure 13: North America Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 14: North America Market Value (US$ billion) by Country, 2023 to 2033
Figure 15: North America Market Value (US$ billion) Analysis by Country, 2018 to 2033
Figure 16: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 17: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 18: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 19: North America Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 20: North America Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 21: North America Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 22: North America Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 23: North America Market Attractiveness by End-Use, 2023 to 2033
Figure 24: North America Market Attractiveness by Country, 2023 to 2033
Figure 25: Latin America Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 26: Latin America Market Value (US$ billion) by Country, 2023 to 2033
Figure 27: Latin America Market Value (US$ billion) Analysis by Country, 2018 to 2033
Figure 28: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 29: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 30: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 32: Latin America Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 33: Latin America Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 34: Latin America Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 35: Latin America Market Attractiveness by End-Use, 2023 to 2033
Figure 36: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 37: Western Europe Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 38: Western Europe Market Value (US$ billion) by Country, 2023 to 2033
Figure 39: Western Europe Market Value (US$ billion) Analysis by Country, 2018 to 2033
Figure 40: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 41: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 42: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 43: Western Europe Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 44: Western Europe Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 45: Western Europe Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 46: Western Europe Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 47: Western Europe Market Attractiveness by End-Use, 2023 to 2033
Figure 48: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 49: Eastern Europe Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 50: Eastern Europe Market Value (US$ billion) by Country, 2023 to 2033
Figure 51: Eastern Europe Market Value (US$ billion) Analysis by Country, 2018 to 2033
Figure 52: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 53: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 54: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 55: Eastern Europe Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 56: Eastern Europe Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 57: Eastern Europe Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 58: Eastern Europe Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 59: Eastern Europe Market Attractiveness by End-Use, 2023 to 2033
Figure 60: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: South Asia and Pacific Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 62: South Asia and Pacific Market Value (US$ billion) by Country, 2023 to 2033
Figure 63: South Asia and Pacific Market Value (US$ billion) Analysis by Country, 2018 to 2033
Figure 64: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 65: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: South Asia and Pacific Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 68: South Asia and Pacific Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 69: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 70: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 71: South Asia and Pacific Market Attractiveness by End-Use, 2023 to 2033
Figure 72: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 73: East Asia Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 74: East Asia Market Value (US$ billion) by Country, 2023 to 2033
Figure 75: East Asia Market Value (US$ billion) Analysis by Country, 2018 to 2033
Figure 76: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 77: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 78: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 79: East Asia Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 80: East Asia Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 81: East Asia Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 82: East Asia Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 83: East Asia Market Attractiveness by End-Use, 2023 to 2033
Figure 84: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 85: Middle East and Africa Market Value (US$ billion) by End-Use, 2023 to 2033
Figure 86: Middle East and Africa Market Value (US$ billion) by Country, 2023 to 2033
Figure 87: Middle East and Africa Market Value (US$ billion) Analysis by Country, 2018 to 2033
Figure 88: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 89: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 90: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 91: Middle East and Africa Market Value (US$ billion) Analysis by End-Use, 2018 to 2033
Figure 92: Middle East and Africa Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 93: Middle East and Africa Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 94: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 95: Middle East and Africa Market Attractiveness by End-Use, 2023 to 2033
Figure 96: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
