India Electric Motor Market

Market Overview:

India electric motor market size is projected to exhibit a growth rate (CAGR) of 10.20% during ​2024-2032​. The rise of renewable energy sources, such as wind and solar power, which has created a need for electric motors in applications like wind turbines and solar tracking systems, is driving the market.

An electric motor is a device that converts electrical energy into mechanical energy, facilitating the generation of rotational motion. Its fundamental principle is based on electromagnetic induction, where a current-carrying conductor placed in a magnetic field experiences a force, causing it to move. Typically consisting of a stationary part called the stator and a rotating part known as the rotor, electric motors are integral components in numerous applications, ranging from household appliances to industrial machinery and transportation systems. By harnessing the power of electricity, electric motors play a crucial role in powering a wide array of devices, promoting efficiency, sustainability, and versatility in various sectors of modern life.

India Electric Motor Market Trends:

The electric motor market in India is experiencing robust growth, driven by a confluence of factors. Firstly, the increasing emphasis on sustainability and environmental consciousness has propelled the demand for electric vehicles (EVs), creating a surge in the need for efficient electric motors. Furthermore, stringent regulations to curb emissions have accelerated the automotive industry's shift towards electrification, boosting the electric motor market. In addition, advancements in electric motor technologies, such as the development of high-performance and energy-efficient motors, have significantly contributed to market expansion. Moreover, the expanding industrial automation sector is another crucial driver. As industries regionally adopt automation to enhance efficiency and productivity, the demand for electric motors in various applications, from manufacturing to robotics, has soared. Additionally, the integration of electric motors in renewable energy systems, such as wind turbines and solar power plants, has become imperative for achieving sustainable energy goals. This intersection of renewable energy and electric motors underscores a key driver for market growth. In conclusion, the electric motor market's upward trajectory is intricately linked to a dynamic interplay of factors, ranging from environmental concerns and regulatory pressures to technological innovations and the proliferation of automation.

India Electric Motor Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on motor type, voltage, rated power, magnet type, weight, speed, and application.

Motor Type Insights:

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

The report has provided a detailed breakup and analysis of the market based on the motor type. This includes AC motor (induction AC motor and synchronous AC motor), DC motor (brushed DC motor and brushless DC motor), and others.

Voltage Insights:

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

A detailed breakup and analysis of the market based on the voltage have also been provided in the report. This includes low voltage electric motors, medium voltage electric motors, and high voltage electric motors.

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
     

The report has provided a detailed breakup and analysis of the market based on the rated power. This includes fractional horsepower motors (fractional horsepower (< 1/8) Motors, fractional horsepower (1/8 - 1/2) motors, and fractional horsepower (1/2 - 1) motors) and integral horsepower motors (integral horsepower (1 - 5) motors, integral horsepower (10 - 50) motors, integral horsepower (50 - 100) motors, and integral horsepower (>100) motors).

Magnet Type Insights:

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

A detailed breakup and analysis of the market based on the magnet type have also been provided in the report. This includes ferrite, neodymium (NdFeB), and samarium cobalt (SmCo5 and Sm2Co17).

Weight Insights:

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

The report has provided a detailed breakup and analysis of the market based on the weight. This includes low weight motors, medium weight motors, and high weight motors.

Speed Insights:

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

A detailed breakup and analysis of the market based on the speed have also been provided in the report. This includes ultra-high-speed motors, high-speed motors, medium speed motors, and low speed motors.

Application Insights:

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

The report has provided a detailed breakup and analysis of the market based on the application. This includes industrial machinery, HVAC, transportation, household appliances, motor vehicles, aerospace, marine, robotics, and others.

Regional Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Electric Motor Market Report Coverage:

Key Questions Answered in This Report:

• How has the India electric motor market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India electric motor market?
• What is the breakup of the India electric motor market on the basis of motor type?
• What is the breakup of the India electric motor market on the basis of voltage?
• What is the breakup of the India electric motor market on the basis of rated power?
• What is the breakup of the India electric motor market on the basis of magnet type?
• What is the breakup of the India electric motor market on the basis of weight?
• What is the breakup of the India electric motor market on the basis of speed?
• What is the breakup of the India electric motor market on the basis of application?
• What are the various stages in the value chain of the India electric motor market? 
• What are the key driving factors and challenges in the India electric motor?
• What is the structure of the India electric motor market and who are the key players?
• What is the degree of competition in the India electric motor market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India electric motor market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India electric motor market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India electric motor industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.