London, 04 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Fractional Horse Power (FHP) Market 2014-2018, which is expected to grow at a CAGR of 6.15 percent during the period 2013-2018.
“Energy efficiency has become a prerequisite in buying fractional horsepower motors because of their eco-friendliness and reduced costs,” says Faisal Ghaus, Vice President of TechNavio.
“Companies are focusing on energy efficient motors to reduce their operating costs while the consumers are increasingly buying energy efficient motors to reduce their electricity consumption.”
Key Market Drivers
- Need for Energy Efficient Motors
- Stringent Rules and Regulations
- Surge in Services Market
- Increased Demand for Motor Vehicles and Household Appliances
Key Market Trends
- Increase in R&D Investments
- Increased Demand from APAC region
- Increase in M&A
Key Market Vendors
- ABB Ltd.
- AMETEK Inc.
- Faulhaber Group
- Maxon Motor AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
