India Electric Motor Market Outlook
According to the report by Expert Market Research (EMR), the India electric motor market size attained a value of INR 118.30 billion in 2024. With the rapid industrialisation, growing demand for energy-efficient solutions, and the increasing adoption of electric vehicles (EVs), the market is projected to expand at a robust compound annual growth rate (CAGR) of 11% between 2025 and 2034, reaching an estimated value of INR 302.60 billion by 2034.
Electric motors are essential components in a wide range of applications, from home appliances to heavy industrial machinery. They are used in nearly every industry, including automotive, construction, and consumer electronics, for their ability to provide mechanical motion with high efficiency and reliability. The growing shift towards automation, coupled with advancements in energy-efficient technology, is accelerating the demand for electric motors across the country.
Key Market Drivers
Several factors are driving the growth of the India electric motor market. One of the most prominent factors is the country’s ongoing industrialisation. As India continues to develop its infrastructure and manufacturing sectors, there has been a significant increase in the demand for electric motors, which are pivotal in driving the machinery and equipment used in industrial applications. In sectors such as textiles, cement, steel, and chemicals, electric motors are essential for powering the machinery used in production processes.
Another significant driver is the increased adoption of electric vehicles (EVs) in India. The Indian government has been actively promoting electric mobility through various incentives, including subsidies for electric vehicle purchases and the establishment of EV charging infrastructure. This has led to a rise in demand for electric motors, specifically for use in EVs, both for two-wheelers and four-wheelers. As the country aims to reduce its reliance on fossil fuels and decrease air pollution, the transition to electric mobility has become a key focus, further propelling the electric motor market.
Additionally, the growing emphasis on energy-efficient solutions across industries is playing a crucial role in boosting the electric motor market. Energy-efficient motors, which consume less electricity and reduce operating costs, have become increasingly popular in both industrial and residential applications. The adoption of energy-efficient electric motors is particularly strong in the manufacturing, HVAC (heating, ventilation, and air conditioning), and water treatment sectors, where efficiency is paramount in reducing operational costs.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/india-electric-motor-market/requestsample
Technological Advancements
Technological innovations in electric motor design and manufacturing processes are also driving the India electric motor market growth. One key trend in recent years has been the development of variable-speed electric motors. These motors provide greater control over speed and torque, allowing for better performance in applications that require precision and flexibility. Variable-speed electric motors have gained popularity in industries such as HVAC, where they enable more efficient energy use by adjusting the motor speed according to demand.
Another major innovation is the development of brushless DC (BLDC) motors. These motors are becoming increasingly common due to their higher efficiency, lower maintenance requirements, and longer lifespan compared to traditional brushed motors. BLDC motors are used in various applications, from small household appliances to high-performance industrial machinery. The growing preference for BLDC motors in India’s electric motor market is expected to further fuel the industry’s expansion, particularly in the automotive and consumer electronics sectors.
Furthermore, advancements in motor control technologies, such as electronic controllers and sensors, are enhancing the functionality and performance of electric motors. These technologies allow for real-time monitoring and diagnostics, providing improved operational efficiency, reduced downtime, and predictive maintenance capabilities. As industries increasingly seek to integrate smart technologies into their operations, these innovations in motor control are becoming indispensable in enhancing the reliability and performance of electric motors.
India Electric Motor Market Segmentation
The market can be divided based on by type, by voltage, rated power, weight, by speed, by magnet type, application, end – use and region.
Breakup by Type
- AC
- DC
- Others
Breakup by Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Breakup by Rated Power
- Fractional Horsepower Motors
- Integral Horsepower Motors
Breakup by Weight
- Low
- Medium
- High
Breakup by Speed
- Low Speed
- Medium Speed
- High Speed
- Ultra-High Speed
Breakup by Magnet Type
- Ferrite
- Neodymium (NdFeB)
- Samarium Cobalt (SmCo5 and Sm2Co17)
Breakup by Application
- Fans
- Pumps
- Compressors
- Mechanical Movement
- Others
Breakup by End Use
- Residential
- Commercial
- Industrial
- Transportation
- Others
Breakup by Region
- North
- South
- East
- West
Competitive Landscape
Some of the major players explored in the report by Expert Market Research are as follows:
- 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
- Bharat Bijlee Limited
- Others
Challenges and Restraints
Despite the positive growth outlook for the India electric motor market, there are several challenges that could impede the market’s progress. One of the primary challenges is the high cost of advanced electric motors. While innovations in electric motor technology offer improved performance and energy efficiency, they also come with higher upfront costs. This can be a deterrent for small- and medium-sized enterprises (SMEs) that may struggle to afford these advanced systems. The price sensitivity in certain market segments may slow the adoption of premium electric motor solutions.
Additionally, the lack of skilled labor for motor installation and maintenance remains a challenge in certain regions of India. Proper installation, maintenance, and servicing of electric motors are essential to ensuring optimal performance and longevity. The scarcity of trained professionals can lead to inefficiencies and higher maintenance costs, affecting the overall market growth.
Another concern is the availability of raw materials for motor production. Electric motors require various materials, including copper, aluminum, and rare earth metals, which are subject to price fluctuations. Any disruption in the supply chain or price volatility could impact the cost of manufacturing electric motors, potentially leading to higher prices for consumers and a slowdown in market growth.
Future Outlook
The future of the India electric motor market looks promising, with continued growth expected across various sectors. The country’s push towards sustainable energy solutions, including the promotion of electric vehicles and energy-efficient industrial processes, will continue to drive the demand for electric motors. Technological advancements, particularly in motor efficiency and control systems, will also play a significant role in shaping the market’s future.
Moreover, as the government continues to invest in infrastructure development, industrial automation, and smart cities, the demand for electric motors is expected to rise. In particular, the growing focus on renewable energy sources, such as wind and solar power, will create new opportunities for electric motor applications, particularly in wind turbines and solar-powered systems.
Media Contact:
Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: http://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au
