As per MRFR analysis, the India Electric Motors Market Size was estimated at 14.2 (USD Billion) in 2023.The India Electric Motors Market is expected to grow from 15(USD Billion) in 2024 to 36 (USD Billion) by 2035. The India Electric Motors Market CAGR (growth rate) is expected to be around 8.284% during the forecast period (2025 - 2035).
Key India Electric Motors Market Trends Highlighted
The market for electric motors in India is expanding significantly, mostly due to the country's fast urbanization and demand for greener energy sources. High-efficiency electric motors are becoming more and more in demand as a result of government programs like the National Electric Mobility Mission Plan, which aims to encourage EVs and lower carbon emissions.
The industry is also being supported by the growing automation of a number of industries, including as textiles and manufacturing, where electric motors are essential. The market landscape is being shaped by the current trend toward technological breakthroughs in electric motor design, with an emphasis on enhanced performance and energy economy.
Brushless DC motors and smart motors with Internet of Things capabilities are two developments that businesses are embracing more and more because they increase efficiency and provide real-time performance monitoring. Electric motors are finding use in energy generating and management systems as a result of India's increasing focus on renewable energy sources like solar and wind.
In addition, the agricultural industry is becoming more interested in electric motors as a means of promoting modernization and effective operations. Electric motor usage in irrigation systems and machinery is anticipated to increase as a result of the Indian government's efforts to double farmers' earnings and incorporate technology into agriculture.
Given these developments and the growing demand for efficient and sustainable electric motors across a range of applications in India, manufacturers and suppliers have a great chance to investigate markets in rural areas and less digitalized sectors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Electric Motors Market Drivers
Growing Demand for Energy Efficiency
The India Electric Motors Market is witnessing a surge in demand for energy-efficient electrical solutions, driven by the government’s initiatives aimed at reducing energy consumption. The Bureau of Energy Efficiency (BEE) highlights that energy-efficient electric motors can lead to savings of around 30% to 40% in energy costs.
In fact, a study revealed that industrial sector electricity consumption is projected to double, making it imperative to adopt advanced, energy-efficient technologies.
This trend is further bolstered by organizations such as Energy Efficiency Services Limited (EESL), which promotes energy efficiency concepts across various sectors. EESL has been instrumental in implementing schemes that encourage the adoption of high-efficiency motors, indicating a healthy market expansion and corporate alignment with energy conservation measures.
Increasing Industrial Automation
The shift towards automation and smart manufacturing in Industries across India has significantly bolstered the India Electric Motors Market. With a substantial part of the manufacturing base focusing on the integration of Industry 4.0 technologies, the demand for electric motors, particularly those installed in automated machinery, is on the rise.
The Ministry of Heavy Industries and Public Enterprises reports a 40% increase in investments towards automation in the manufacturing sector, leading to a growing need for high-performance electric motors.
Such advancements not only enhance productivity but also improve precision, with organizations like Indian Industries Association and various industrial forums pushing for automation in manufacturing practices.
Expansion of Renewable Energy Sources
With India’s ambitious goal to achieve 450 GW of renewable energy capacity by 2030, the demand for electric motors within renewable energy applications is on the rise. Electric motors play a crucial role in wind turbines and solar panels, where they are used for driving generators and tracking systems.
The Ministry of New and Renewable Energy indicates a CAGR of 20% in renewable energy capacity, necessitating increased deployment of electric motors.
Numerous companies, including Suzlon Energy and ReNew Power, are expanding their operations to meet this demand, driving growth in the India Electric Motors Market. The alignment with the national vision for clean energy further enhances opportunities for electric motor manufacturers.
India Electric Motors Market Segment Insights
Electric Motors Market Product Type Insights
The India Electric Motors Market is a robust segment within the larger industry, experiencing significant growth primarily driven by advancements in technology and increasing demand across various sectors. The Product Type segmentation of the electric motors market includes AC Motors, DC Motors, and Hermetic Motors, each playing a critical role in the fast-developing economy of India.
AC Motors, long favored in industrial applications, dominate the market due to their efficiency, reliability, and lower operational costs. Their versatility makes them suitable for a range of applications, from HVAC systems to conveyor belts.
Conversely, DC Motors are gaining traction in applications requiring high torque and precise speed control, such as electric vehicles and robotics. This growing interest reflects a shift in focus towards automation and modern technology solutions in India.
Additionally, Hermetic Motors is noteworthy for its application in refrigeration and air conditioning systems, typically found in industries where safety and durability are paramount. This segment is particularly important as the demand for energy-efficient solutions rises, aligning with India's goals for energy conservation and sustainable development.
The segmentation of the India Electric Motors Market reflects the overarching trends where industries are increasingly adopting electric motors that balance performance with energy efficiency, catering to the nation’s objectives of infrastructure growth and technological advancement.
Overall, the dynamics within these product types reveal significant opportunities for innovation and market expansion. As India continues to forge ahead with its industrial and infrastructural development, the electric motors market is poised for notable contributions to this growth trajectory.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Motors Market Application Type Insights
The India Electric Motors Market experiences diverse applications across various sectors, highlighting its critical role in driving industrial and consumer efficiency. The Aerospace and Transportation segment significantly benefits from electric motors due to their ability to enhance fuel efficiency and reduce emissions, aligning with India's push for sustainable transport solutions.
Industrial Machinery incorporates electric motors extensively, facilitating automation and improving operational productivity, a vital component as India seeks to bolster its manufacturing sector. In the Motor Vehicles segment, the increasing shift towards electric vehicles supports the growing demand for electric motors, emphasizing their importance in achieving India’s environmental goals.
HVAC Equipment relies on electric motors for optimal energy consumption and climate control in commercial and residential spaces, which is increasingly important amid rising energy concerns. Household Appliances are another key application where electric motors improve functionality and energy efficiency, catering to the evolving lifestyle of Indian consumers.
Lastly, other applications continue to emerge as innovations in electric motor technology evolve, showcasing a dynamic landscape in the India Electric Motors Market, characterized by rapid growth and numerous opportunities for expansion across various industries.
Electric Motors Market Power Output Insights
The Power Output segment of the India Electric Motors Market has been crucial in shaping the industry due to its significant impact on performance and efficiency. The segment is broadly classified into Integral HP Output and Fractional HP Output, each catering to distinct applications in various industrial and commercial sectors.
Integral HP Output typically powers larger machinery and equipment that require high performance and reliability, playing a vital role in industries such as manufacturing, HVAC, and water treatment. On the other hand, Fractional HP Output motors are essential for smaller applications, including household appliances, office equipment, and small machinery, making them highly prevalent in daily life.
The rising demand for energy-efficient solutions and automation in numerous sectors further drives the growth of both Integral and Fractional HP Output electric motors. Additionally, advancements in technology are paving the way for innovations in efficiency and performance, highlighting the importance of power output specifications in influencing purchasing decisions.
The expanding manufacturing landscape in India, coupled with increasing urbanization, is set to enhance the relevance of this segment, contributing to overall market growth in the coming years.
India Electric Motors Market Key Players and Competitive Insights
The India Electric Motors Market is characterized by a dynamic landscape influenced by the increasing demand for energy-efficient solutions and growing industrial automation. As a key segment of the broader electrical engineering industry, electric motors play a crucial role in various applications ranging from manufacturing and HVAC systems to transportation and renewable energy systems.
The competitive insights in this market reveal a diverse array of participants, including established global players, regional manufacturers, and emerging companies that work collaboratively to push technological advancements, improve product offerings, and implement sustainable practices.
Companies in this sector are keenly focusing on innovation and adaptability to cope with rapidly changing market needs and consumer preferences, thereby enhancing their market position and ensuring robust growth.
ABB has established a formidable presence within the India Electric Motors Market through its commitment to innovation and sustainability. The company provides a comprehensive range of electric motors designed for diverse industrial applications, ensuring high efficiency and reliability.
ABB’s strengths in this market include its advanced technology, extensive distribution network, and robust customer support, which allow them to cater to both large enterprises and small businesses effectively. Their ability to integrate cutting-edge digital solutions with electric motor systems further enhances operational efficiency for customers.
Furthermore, ABB leverages its global experience, applying best practices tailored to the Indian market, which fosters trust and loyalty among its client base, allowing it to maintain a competitive edge. Siemens is another prominent player in the India Electric Motors Market, known for its extensive portfolio of innovative electric motors and related technologies.
The company specializes in various types of motors, including synchronous, asynchronous, and servomotors, catering to a broad range of industrial applications across sectors such as manufacturing, automation, and process control. Siemens has developed a strong market presence by focusing on sustainable practices, digitalization, and enhancing energy efficiency in their product range.
Their strengths lie in their ability to offer tailored solutions by understanding local market needs and delivering high-performance products backed by exceptional service and support.
Siemens has also been active in boosting its footprint in India through strategic partnerships and potential mergers and acquisitions, which underscore its commitment to enhancing its operational capabilities and expanding its market share in the electric motors sector.
Key Companies in the India Electric Motors Market Include:
India Electric Motors Market Developments
The India Electric Motors Market has been experiencing significant developments recently. In September 2023, the government announced incentives for electric vehicle infrastructure, which is anticipated to drive growth in electric motors, with key players like ABB and Siemens poised to benefit. Schneider Electric has also ramped up investments in sustainable technologies.
Furthermore, Crompton Greaves Consumer Electricals launched a new range of energy-efficient motors focused on minimizing environmental impact in August 2023, catering to green initiatives. Notably, in June 2023, Mitsubishi Electric acquired certain assets of a local motor manufacturer, indicating a strategic move to bolster its presence in India.
Growth in market valuations has been observed as companies such as Bharat Heavy Electricals Limited and GE Electric reported increased demand for energy-efficient solutions, positively impacting their stock performance. Recent government policies aimed at reducing carbon emissions by promoting electric motors have further created an opportune environment for expansion.
Over the past two years, major advancements in automation and smart technologies have also heightened competition in the sector, compelling companies like Hitachi and Kirloskar Electric to innovate continuously and enhance their product offerings.
India Electric Motors Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 14.2(USD Billion) |
| MARKET SIZE 2024 | 15.0(USD Billion) |
| MARKET SIZE 2035 | 36.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.284% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | ABB, Siemens, Schneider Electric, Crompton Greaves Consumer Electricals, Weg Industries, Emerson Electric, Nidec Corporation, LeroySomer, Hitachi, Bharat Heavy Electricals Limited, Toshiba, Regal Beloit, Mitsubishi Electric, GE Electric, Kirloskar Electric |
| SEGMENTS COVERED | Product Type, Application Type, Power Output |
| KEY MARKET OPPORTUNITIES | Growing demand in renewable energy, Expansion in electric vehicles, Automation in manufacturing sectors, Government incentives for efficiency, Rise in smart home applications |
| KEY MARKET DYNAMICS | growing industrial automation, increasing renewable energy adoption, rising demand for energy efficiency, supportive government initiatives, technological advancements in motor design |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Electric Motors Market is projected to reach a value of 36.0 USD Billion by 2035.
In 2024, the India Electric Motors Market was valued at 15.0 USD Billion.
The expected CAGR for the India Electric Motors Market from 2025 to 2035 is 8.284 percent.
The AC Motors segment is expected to dominate, with a value of 14.4 USD Billion by 2035.
The market value of DC Motors in 2024 is estimated at 4.5 USD Billion.
Major players in the India Electric Motors Market include ABB, Siemens, Schneider Electric, and Crompton Greaves Consumer Electricals.
Hermetic Motors are anticipated to reach a market value of 10.8 USD Billion by 2035.
Key growth drivers include increasing industrial automation and demand for energy-efficient solutions.
The expected growth rate for AC Motors during this period will significantly contribute to the overall market expansion.
Current global trends may influence market dynamics through supply chain adjustments and technological advancements.
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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