India Electric Motor Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 10.20% (2024-2032)

The India electric motor market is growing rapidly, driven by industrial demand, automotive electrification, and energy efficiency initiatives. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 10.20% from 2024 to 2032.

India Electric Motor Market Trends and Drivers:

The growth of the India electric motor market is driven by factors such as expanding industrialization, urbanization, and a shift toward energy-efficient technologies. Key industries, including manufacturing, automotive, and construction, are major consumers of electric motors.

Government initiatives, like the National Electric Mobility Mission Plan and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles program, are boosting the demand for electric motors, particularly in the electric vehicle (EV) sector. Motors for vehicle propulsion systems, cooling, and power steering are seeing significant growth. Additionally, the modernization of agriculture through mechanization is increasing the need for motors in irrigation and farm equipment.

The market is also benefiting from the shift to sustainable, high-efficiency motor technologies, with rising demand for motors meeting IE2 and IE3 standards for better energy savings. Technological advancements are leading to motors with enhanced durability and reduced maintenance needs, making them ideal for industrial use. The rise of automation and Industry 4.0 practices is further driving demand for precision motors in robotics and automated manufacturing systems.

As industries focus on sustainability, energy efficiency, and reducing operational costs, the India electric motor market is expected to grow, supported by favorable government policies and increasing EV adoption.

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India Electric Motor Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Motor Type:

• AC Motor
  • Induction AC Motor
  • Synchronous AC Motor
• DC Motor
  • Brushed DC Motor
  • Brushless DC Motor
• Others

Breakup by Voltage:

• Low Voltage Electric Motors
• Medium Voltage Electric Motors
• High Voltage Electric Motors

Breakup by Rated Power Insights:

• Fractional Horsepower Motors
  • Fractional Horsepower (< 1/8) Motors
  • Fractional Horsepower (1/8 – 1/2) Motors
  • Fractional Horsepower (1/2 – 1) Motors
• Integral Horsepower Motors
  • Integral Horsepower (1 – 5) Motors
  • Integral Horsepower (10 – 50) Motors
  • Integral Horsepower (50 – 100) Motors
  • Integral Horsepower (>100) Motors 

Breakup by Magnet Type:

• Ferrite
• Neodymium (NdFeB)
• Samarium Cobalt (SmCo5 and Sm2Co17)

Breakup by Weight:

• Low Weight Motors
• Medium Weight Motors
• High Weight Motors

Breakup by Speed:

• Ultra-High-Speed Motors
• High-Speed Motors
• Medium Speed Motors
• Low Speed Motors

Breakup by Application:

• Industrial Machinery
• HVAC
• Transportation
• Household Appliances
• Motor Vehicles
• Aerospace
• Marine
• Robotics
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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