Electric Motor Market- India

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 10.20% (2024-2032)

The India electric motor market is rapidly growing, driven by industrial automation, electric vehicles, and renewable energy adoption across sectors. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 10.20% from 2024 to 2032.

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India Electric Motor Market Trends and Drivers:

  1. Expanding Industrialization and Urbanization
    • Rising industrial activities and urban expansion are creating high demand for electric motors across various sectors.
  2. Shift Towards Energy-Efficient Technologies
    • Increased focus on energy savings has driven the adoption of high-efficiency electric motors, especially with government support for sustainable solutions.
  3. Government Initiatives for Energy-Efficient Solutions
    • Programs like the National Electric Mobility Mission Plan and Faster Adoption of Electric Vehicles are accelerating electric motor demand, particularly in the EV sector.
  4. Rising Demand in Key Industries
    • Major industries like manufacturing, automotive, and construction are key consumers, requiring motors for machinery, vehicle systems, and infrastructure.
  5. Modernization of Agriculture
    • Mechanization in agriculture is boosting the use of electric motors in equipment for irrigation and farming operations.
  6. Transition to Sustainable and High-Efficiency Motors
    • Demand is growing for IE2 and IE3 motors that offer energy efficiency, reducing operational costs for industries.
  7. Technological Advancements and Durability Improvements
    • New motor technologies with greater durability and reduced maintenance are appealing to industrial users seeking long-term value.
  8. Adoption of Automation and Industry 4.0 Practices
    • The shift to automation is fueling demand for precision motors in robotics, automated manufacturing, and other smart technologies.
  9. Supportive Government Policies and Increased EV Penetration
    • Government policies promoting EVs and sustainability are driving electric motor demand, aiding industries in reducing carbon footprints.

India Electric Motor Market Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest electric motor market size in India. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21549&flag=C

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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