The India induction motor market size reached US$ 671.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,162.3 Million by 2028, exhibiting a growth rate (CAGR) of 9.51% during 2023-2028.
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 level from 2023-2028. 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
2022
Historical Period
2017-2022
Forecast Period
2023-2028
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$ 2299
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Key Questions Answered in This Report
The India induction motor market was valued at US$ 671.7 Million in 2022.
We expect the India induction motor market to exhibit a CAGR of 9.51% during 2023-2028.
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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