IMARC Group, a leading market research company, has recently releases report titled “India Electric Motor Market Report by Motor Type (AC Motor, DC Motor, and Others), Voltage (Low Voltage Electric Motors, Medium Voltage Electric Motors, High Voltage Electric Motors), Rated Power (Fractional Horsepower Motors, Integral Horsepower Motors), Magnet Type (Ferrite, Neodymium (NdFeB), Samarium Cobalt (SmCo5 and Sm2Co17)), Weight (Low Weight Motors, Medium Weight Motors, High Weight Motors), Speed (Ultra-High-Speed Motors, High-Speed Motors, Medium Speed Motors, Low Speed Motors), Application (Industrial Machinery, HVAC, Transportation, Household Appliances, Motor Vehicles, Aerospace, Marine, Robotics, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the India electric motor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the India Electric Motor Market?
The India electric motor market size is projected to exhibit a growth rate (CAGR) of 10.20% during 2024-2032.
Expanding industrialization and urbanization are the factors responsible for the expansion of the India electric motor market. Additionally, the market is catalyzing owing to the growing adoption of energy-efficient motors, which are crucial for reducing electricity consumption and operational costs. Besides this, regulations and policies made by government authorities promoting energy conservation, such as the Bureau of Energy Efficiency (BEE) standards, are encouraging industries to upgrade to more efficient motor systems. Moreover, the rising popularity of electric vehicles is significantly contributing to market expansion. As the EV market grows, the need for electric motors, which are vital components in EVs, is escalating.
Request to Get the Sample Report: https://www.imarcgroup.com/india-electric-motor-market/requestsample
India Electric Motor Market
Technological advancements and innovations in motor design and manufacturing are also key drivers of the market. In addition to this, the development of smart motors with IoT integration and advanced monitoring systems is enhancing operational efficiency and predictive maintenance capabilities, making them highly attractive to industries, which is acting as another growth-inducing factor. The rise in automation and the adoption of smart manufacturing practices are boosting the demand for advanced electric motors. Furthermore, the renewable energy sector’s expansion, particularly wind and solar power, is creating new opportunities for electric motor applications in power generation and distribution. In line with this, the growing focus on sustainable and green energy solutions is driving the adoption of electric motors in various applications, from industrial machinery to household appliances, which is anticipated to drive the India electric motor market over the forecasted period.
India Electric Motor Market Segmentation
Motor Type Insights:
- AC Motor
- Induction AC Motor
- Synchronous AC Motor
- DC Motor
- Brushed DC Motor
- Brushless DC Motor
- Others
Voltage Insights:
- Low Voltage Electric Motors
- Medium Voltage Electric Motors
- High Voltage Electric Motors
Rated Power Insights:
- Fractional Horsepower Motors
- Fractional Horsepower (< 1/8) Motors
- Fractional Horsepower (1/8 – 1/2) Motors
- Fractional Horsepower (1/2 – 1) Motors
- Integral Horsepower Motors
- Integral Horsepower (1 – 5) Motors
- Integral Horsepower (10 – 50) Motors
- Integral Horsepower (50 – 100) Motors
- Integral Horsepower (>100) Motors
Magnet Type Insights:
- Ferrite
- Neodymium (NdFeB)
- Samarium Cobalt (SmCo5 and Sm2Co17)
Weight Insights:
- Low Weight Motors
- Medium Weight Motors
- Heavy Weight Motors
Speed Insights:
- Ultra-High-Speed Motors
- High-Speed Motors
- Medium Speed Motors
- Low Speed Motors
Application Insights:
- Industrial Machinery
- HVAC
- Transportation
- Household Appliances
- Motor Vehicles
- Aerospace
- Marine
- Robotics
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=21549&flag=C
Key Highlights of the Report:
- Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163