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India Electric Motor Market Size, Share, Report, Analysis: By Type: AC, DC, Others; By Voltage: Low Voltage, Medium Voltage, High Voltage; By Rated Power: Fractional Horsepower, Integral Horsepower Motors; By Weight; By Speed; By Magnet Type; By Application; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
India Electric Motor Market Analysis
The India electric motor market is driven by the rising use of the product in the various industries. The market is further propelled forward by the rising construction activities across the country. Moreover, trending government focus towards adopting energy-efficient motors is aiding the electric motor demand growth. The market is gaining momentum owing to the rising population in the tier II and tier III cities and rapid urbanisation. The government of India plays a significant role in the expansion of this market, by introducing initiatives, such as Make in India, Smart City Mission, AMRUT, affordable housing, and others. This is expected to increase the electric motor market size in India in the forecast period.
India Electric Motor Market Report Snapshots
India Electric Motor Market Size
India Electric Motor Market Trends
India Electric Motor Market Analysis
India Electric Motor Market Share
India Electric Motor Market Growth
India Electric Motor Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 India Electric Motor Market Snapshot
7 Opportunities and Challenges in the Market
8 India Electric Motor Market Analysis
8.1 Key Industry Highlights
8.2 India Electric Motor Historical Market (2018-2023)
8.3 India Electric Motor Market Forecast (2024-2032)
8.4 India Electric Motor Market by Type
8.4.1 AC
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Induction AC Motors
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 Synchronous AC Motors
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.2 DC
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Brushed DC Motors
8.4.2.3.1.1 Historical Trend (2018-2023)
8.4.2.3.1.2 Forecast Trend (2024-2032)
8.4.2.3.2 Brushless DC Motors
8.4.2.3.2.1 Historical Trend (2018-2023)
8.4.2.3.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 India Electric Motor Market by Voltage
8.5.1 Low Voltage
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Medium Voltage
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 High Voltage
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 India Electric Motor Market by Rated Power
8.6.1 Fractional Horsepower Motors
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Integral Horsepower Motors
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 India Electric Motor Market by Weight
8.7.1 Low
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Medium
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 High
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 India Electric Motor Market by Speed
8.8.1 Low Speed
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Medium Speed
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 High Speed
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Ultra-High Speed
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.9 India Electric Motor Market by Magnet Type
8.9.1 Ferrite
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Neodymium (NdFeB)
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Samarium Cobalt (SmCo5 and Sm2Co17)
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.10 India Electric Motor Market by Application
8.10.1 Fans
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 Pumps
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Compressors
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.10.4 Mechanical Movement
8.10.4.1 Historical Trend (2018-2023)
8.10.4.2 Forecast Trend (2024-2032)
8.10.5 Others
8.11 India Electric Motor Market by End Use
8.11.1 Residential
8.11.1.1 Historical Trend (2018-2023)
8.11.1.2 Forecast Trend (2024-2032)
8.11.2 Commercial
8.11.2.1 Historical Trend (2018-2023)
8.11.2.2 Forecast Trend (2024-2032)
8.11.3 Industrial
8.11.3.1 Historical Trend (2018-2023)
8.11.3.2 Forecast Trend (2024-2032)
8.11.4 Transportation
8.11.4.1 Historical Trend (2018-2023)
8.11.4.2 Forecast Trend (2024-2032)
8.11.5 Others
8.12 India Electric Motor Market by Region
8.12.1 North
8.12.2 South
8.12.3 East
8.12.4 West
9 Regional Analysis
9.1 North
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 South
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 East
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 West
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Policy and Regulatory Landscape
14 Indian Market Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Hindustan Electric Motors
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Financial Summary
14.2.1.5 Certifications
14.2.2 ABB India Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Financial Summary
14.2.2.5 Certifications
14.2.3 Siemens Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Financial Summary
14.2.3.5 Certifications
14.2.4 Bharat Heavy Electricals Ltd (BHEL)
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Financial Summary
14.2.4.5 Certifications
14.2.5 Kirloskar Electric Company
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Financial Summary
14.2.5.5 Certifications
14.2.6 Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Financial Summary
14.2.6.5 Certifications
14.2.7 Marathon Electric India
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Financial Summary
14.2.7.5 Certifications
14.2.8 Bharat Electric Motors
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Financial Summary
14.2.8.5 Certifications
14.2.9 Bharat Bijlee Limited
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Financial Summary
14.2.9.5 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Electric Motor Market: Key Industry Highlights, 2018 and 2032
2. India Electric Motor Historical Market: Breakup by Type (INR Billion), 2018-2023
3. India Electric Motor Market Forecast: Breakup by Type (INR Billion), 2024-2032
4. India Electric Motor Historical Market: Breakup by Voltage (INR Billion), 2018-2023
5. India Electric Motor Market Forecast: Breakup by Voltage (INR Billion), 2024-2032
6. India Electric Motor Historical Market: Breakup by Rated Power (INR Billion), 2018-2023
7. India Electric Motor Market Forecast: Breakup by Rated Power (INR Billion), 2024-2032
8. India Electric Motor Historical Market: Breakup by Weight (INR Billion), 2018-2023
9. India Electric Motor Market Forecast: Breakup by Weight (INR Billion), 2024-2032
10. India Electric Motor Historical Market: Breakup by Speed (INR Billion), 2018-2023
11. India Electric Motor Market Forecast: Breakup by Speed (INR Billion), 2024-2032
12. India Electric Motor Historical Market: Breakup by Magnet Type (INR Billion), 2018-2023
13. India Electric Motor Market Forecast: Breakup by Magnet Type (INR Billion), 2024-2032
14. India Electric Motor Historical Market: Breakup by Application (INR Billion), 2018-2023
15. India Electric Motor Market Forecast: Breakup by Application (INR Billion), 2024-2032
16. India Electric Motor Historical Market: Breakup by End Use (INR Billion), 2018-2023
17. India Electric Motor Market Forecast: Breakup by End Use (INR Billion), 2024-2032
18. India Electric Motor Historical Market: Breakup by Region (INR Billion), 2018-2023
19. India Electric Motor Market Forecast: Breakup by Region (INR Billion), 2024-2032
20. India Electric Motor Market Structure
Key Questions Answered in the Report
In the 2018-2023 period, the India electric motor market attained a value of nearly INR 118.30 billion.
The market is projected to grow at a CAGR of 11% between 2024 and 2032.
The major drivers of the market include increasing construction activities, the introduction of favourable government initiatives aimed at boosting the use of energy-efficient motors, and rapid industrialisation.
The rising use of electric motors in versatile end-use sectors, the growing population in tier-II and tier-III Indian cities, and the increasing manufacturing of electric motors in the country are the key trends guiding the market.
The major regions in the market are North, South, East, and West.
The major types of electric motors are AC and DC, among others.
The significant voltage segments in the market are low voltage, medium voltage, and high voltage.
The various segments on the basis of rated power in the market include fractional horsepower motors and integral horsepower motors.
The major weight segments in the market are low, medium, and high.
The various segments on the basis of rated power in the market include fractional horsepower motors and integral horsepower motors.
The different magnet types considered in the market report are ferrite, neodynmium (NdFeB), and samarium cobalt (SmCo5 and Sm2Co17).
The major applications of the product include fans, pumps, compressors, and mechanical movement, among others.
The major end uses of the product are residential, commercial, industrial, and transportation, among others.
The major players in the market are Hindustan Electric Motors, ABB India Limited, Siemens Limited, Bharat Heavy Electricals Ltd (BHEL), Kirloskar Electric Company, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), Marathon Electric India, Bharat Electric Motors, and Bharat Bijlee Limited, among others.
Gujarat, Maharashtra, and Madhya Pradesh are the major markets for electric motor in the country.
The India electric motor market is expected to grow significantly in the coming years due to the rising number of government incentives and advent of better insulation materials.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 302.6 billion by 2032.
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