India Electric Motor Market Outlook

According to the report by Expert Market Research (EMR), the India electric motor market size was valued at value of INR 118.30 billion in 2023. Driven by the increasing demand for energy-efficient solutions, advancements in manufacturing technologies, and a growing shift towards automation and electric vehicles, the market is projected to expand at a CAGR of 11% from 2024 to 2032, reaching a value of INR 302.6 billion by 2032.

Electric motors are essential components in a wide range of applications, including industrial machinery, HVAC systems, electric vehicles (EVs), home appliances, and consumer electronics. These devices convert electrical energy into mechanical motion and are vital for driving efficiency, reducing operational costs, and supporting sustainable energy solutions across various sectors. With the rise of electric vehicles, automation technologies, and a concerted push towards clean energy, the demand for electric motors in India is expected to accelerate in the coming years.

Key Drivers of Market Growth

• Growth of Electric Vehicle (EV) Market
  One of the most significant factors propelling the growth of the India electric motor market is the rise of the electric vehicle market. With the Indian government's push towards EV adoption through subsidies, policies, and infrastructure development, there has been an increasing demand for electric motors used in electric cars, buses, and two-wheelers. As a result, EV manufacturers and associated industries are focusing heavily on improving motor performance, reliability, and energy efficiency to cater to the growing consumer interest in EVs. The Indian government’s National Electric Mobility Mission Plan (NEMMP) and FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) schemes have also provided a favorable environment for the electric motor market to thrive.

• Rising Demand for Energy-Efficient Solutions
  As energy efficiency becomes a critical aspect of modern industrial operations and urban living, electric motors are gaining popularity due to their ability to reduce energy consumption compared to traditional motors. The growing awareness among Indian businesses and consumers about the importance of reducing carbon footprints and operational costs is driving demand for energy-efficient motors. Electric motors with advanced technologies, such as permanent magnet synchronous motors (PMSMs) and brushless DC motors, offer improved energy efficiency, further contributing to their adoption across various applications.

• Industrial Automation and Robotics
  The ongoing industrial automation revolution in India is another major driver of the India electric motor market. Electric motors play a central role in powering automated systems, robotics, and advanced manufacturing processes. The Indian government’s “Make in India” initiative and various smart city projects are encouraging the adoption of automation technologies across sectors such as automotive, consumer goods, and textiles. In addition, the manufacturing sector’s shift towards Industry 4.0 technologies, including robotics and artificial intelligence (AI), is significantly contributing to the growing demand for high-performance electric motors.

• Government Initiatives and Infrastructure Development
  India’s government has been proactive in introducing policies and frameworks that support the development of electric motor-based applications, particularly in electric vehicles and renewable energy sectors. Programs like the National Mission on Enhanced Energy Efficiency (NMEEE) and the Atmanirbhar Bharat initiative focus on promoting domestic manufacturing of electric motors and associated components. Furthermore, the development of charging infrastructure and improvements in grid stability are expected to complement the adoption of electric motors across various industries.

Get a Free Sample Report with Table of Contents –  https://www.expertmarketresearch.com/reports/india-electric-motor-market/requestsample

Market Trends and Future Outlook

The future of the India electric motor market looks promising, driven by several key trends:

• Electrification of Transportation: The ongoing electrification of transportation, including electric two-wheelers, electric cars, and buses, will continue to drive demand for electric motors. As more consumers opt for electric mobility solutions, electric motors will become integral components of the automotive ecosystem.

• Smart Motors and IoT Integration: With the rise of Industry 4.0, there is a growing trend towards the integration of electric motors with smart technologies and the Internet of Things (IoT). These smart motors can offer real-time performance monitoring, predictive maintenance, and enhanced energy efficiency, further driving their adoption.

• Renewable Energy Integration: The increasing focus on renewable energy sources such as wind and solar power will also contribute to the growth of the India electric motor market. These energy sources require efficient electric motors for power generation and distribution, presenting new opportunities for market players.

Read Full Report with Table of Contents –  https://www.expertmarketresearch.com/reports/india-electric-motor-market

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

Despite the promising outlook, the India electric motor market faces several challenges that could hinder its growth:

1. High Initial Costs
   Electric motors, particularly high-efficiency models, can involve a significant initial investment. While these motors offer long-term savings in terms of energy consumption, the upfront cost may deter smaller businesses and consumers from adopting the technology. Additionally, the lack of awareness and understanding of the long-term financial benefits of energy-efficient electric motors can be a barrier.

2. Dependence on Imported Components
   The electric motor market in India is still reliant on imported components, particularly in high-performance motor types. This dependence on foreign suppliers for raw materials and motor components can lead to supply chain disruptions and price volatility, affecting the overall cost structure of electric motors.

3. Limited Charging Infrastructure for EVs
   While the adoption of electric vehicles is growing, the limited charging infrastructure remains a significant challenge in driving the demand for electric motors in the automotive sector. A well-developed charging network is essential to encouraging consumers to transition to electric vehicles, thus increasing the demand for electric motors.

Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
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