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BO Motor Market

BO Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030

BO Motor: Introduction

  • BO motors are used majorly in robotic applications. It converts electrical energy into mechanical energy. BO motor gear decreases the speed of the rotation and alongside, it increase its torque.

Key Drivers of the Global BO Motor Market

  • Modern devices are technologically advanced which require different types of BO motors. Technological advancement in the HVAC industry is taking place at a fast pace. Growing requirement for HVAC products is likely to create new avenues for the BO motor market.
  • According to a “Bureau of Labor and Statistics” report, more than 8.3 million combined units of HVAC equipment were shipped across the globe in 2018. Employment generation from heating, air conditioning, and refrigeration mechanics industry is also growing significantly. Employment in this segment is expected to grow 15% from 2016 to 2026, which will impact the sale of BO motors.

Untapped Markets to Create New Market Opportunities

  • Manufacturing activity is witnessing growth revival in developing economies such as Brazil, China, India, South Africa, and Turkey, where motor manufacturers may not have presence. This can be viewed as a potential growth opportunity to introduce BO products in those markets and this factor is expected to have high impact during the forecast period.
  • Manufacturers prefer to use equipment which would optimize the use  of resources. Automated equipment helps achieve this objective. BO motors are preffered in automated equipment, which is expected to boost their sales in the coming years.

Trade Barriers in Many Countries to Restrict Market Growth

  • Different small-scale manufacturers are facing raw material purchase issues as a result of trade barriers in various geographical regions. Strict government regulations and volatile trade policies in different countries are also expected to restrict the market growth.

Asia Pacific the Dominant Market for BO Motors

  • Increasing number of electrical motor manufacturing companies coupled with high foreign investment in automotive and HVAC segments in the Asia Pacific region is one of the key reasons for BO motor demand in this region. China and India are key markets. Furthermore, Japan and South Korea also account for significant share of the BO motor market in Asia Pacific.
  • Key BO motor manufacturers are operating their business from Asia Pacific and North America. However, these players have a global reach through their own sales channels or distributors. North America and Europe also have significant share in the BO motor market.
  • Industrial growth in Brazil is driving the demand for BO motors in South America. Increasing foreign direct investment in developing countries including Brazil, Argentina, Chile, Peru, and Colombia is driving growth of the South America BO motor market.

Key Players Operating in the Global BO Motor Market

Key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Small scale players are trying to increase their sales by improving their domestic market share. Some of the key players operating in the global BO motor market are listed below:

  • Allied Motion Technologies Inc.
  • Ametek Inc.
  • Asmo Co. Ltd.
  • Baldor Electric Company Inc.
  • Franklin Electric Co. Inc.
  • Johnson Electric
  • Nidec Corporation
  • Regal Beloit Corporation
  • Rockwell Automation Inc.
  • Siemens

Global BO Motor Market: Research Scope

Global BO Motor Market, by Product Type

  • Brushed Motor
  • Brushless Motor

Global BO Motor Market, by Capacity

  • Below 750 Watts
  • 750 Watts - 3 kW
  • 3 kW - 75 kW
  • Above 75 kW

Global BO Motor Market, by Application

  • Industrial Machinery
  • Motor Vehicles
  • HVAC Equipment
  • Aerospace & Transportation
  • Household Appliances
  • Others (Healthcare, Defence, etc.)
BO Motor Market

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