India Induction Motor Market Report by Product Type (Three Phase Induction Motor, Single Phase Induction Motor), End Use Sector (Industrial, Commercial, Residential), and Region 2024-2032

India Induction Motor Market Report by Product Type (Three Phase Induction Motor, Single Phase Induction Motor), End Use Sector (Industrial, Commercial, Residential), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2610
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Market Overview:

The India induction motor market size reached US$ 735.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,540.3 Million by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 735.5 Million
Market Forecast in 2032
US$ 1,540.3 Million
Market Growth Rate (2024-2032) 8.3%


An induction motor, also known as an asynchronous motor, is a type of AC electric motor that uses the stator winding’s magnetic field to produce an electric current in rotors. Induction motors are usually of two types, namely single-phase and three-phase. The single-phase induction motor is not self-starting, whereas the three-phase induction motors are self-starting and are the most widely used type of induction motors.

India Induction Motor Market Trends:

The India induction motor market is primarily driven by the rising demand for consumer electronics, such as air conditioners, washing machines, dishwashers and hair dryers. Furthermore, induction motors offer various advantages, including the ease of operation in different environmental conditions, high starting torque, speed variation, and durability. These favorable characteristics, in turn, are bolstering the growth of the market. Moreover, government initiatives, like “Make in India,” are encouraging manufacturers to adopt automation across various industries and focus on improving the mechanisms of industrial equipment. The Government has also implemented stringent policies to reduce carbon footprints, which have increased the sales of induction motors as they represent a better alternative and consume significantly lesser energy compared to conventional motors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India induction motor market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on product type and end use sector.

Breakup by Product Type:

  • Three Phase Induction Motor
  • Single Phase Induction Motor
     

Breakup by End Use Sector:

  • Industrial
  • Commercial
  • Residential
     

Breakup by Region:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product Type, End Use Sector, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The India induction motor market was valued at US$ 735.5 Million in 2023.

We expect the India induction motor market to exhibit a CAGR of 8.3% during 2024-2032.

The rising demand for induction motors in consumer electronics, such as air conditioners, dishwashers, hair dryers, etc., as they offer various advantages, including the ease of operation in different environmental conditions, speed variation, durability, etc., is primarily driving the India induction motor market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous end-use industries for induction motors.

Based on the product type, the India induction motor market has been segregated into three phase induction motor and single phase induction motor, where three phase induction motor currently holds the largest market share.

Based on the end use sector, the India induction motor market can be bifurcated into industrial, commercial, and residential. Currently, industrial exhibits a clear dominance in the market.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India induction motor market.

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India Induction Motor Market Report by Product Type (Three Phase Induction Motor, Single Phase Induction Motor), End Use Sector (Industrial, Commercial, Residential), and Region 2024-2032
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