Report Description

India Electric Motors market is anticipated to grow robustly in the forecast period 2024-2028. Increased urbanization directly causes a rise in the demand for a wide range of services, which opens opportunities for the use of electrical motors., The increasing volume of construction activities encourages the use of electrical motors since many construction tasks need motors. Similar to this, additional motors are needed for various domestic applications in the residential sector. Most electric motors work by creating force in the form of torque imparted to the motor shaft through the interaction of the motor's magnetic field and electric current in a wire.

Increasing Adoption of HVAC Application to Propel the Market

Increasing power demand is due to the expansion in energy producing capacity. Additionally, the use of electric machinery in the agricultural sector is directly affected by crop cultivation since motors are crucial for irrigation of crops. In the upcoming years, these variables are anticipated to support the expansion of the electric motor market.

The demand for heating and cooling in residential, commercial, and industrial areas has led to an expansion of the heating and air-conditioning (HVAC) industry. This has prompted new construction activities to consider the HVAC equipment supply in the buildings as a crucial element while they are being built. Additionally increased demand for the use of electric motors is evident, hence, the market is expected to grow. Due to the expansion of commercial areas and improving standards of living, developing economies account for the majority of the HVAC industry's development.

The high maintenance cost of the motor is the main element that limits the growth of the market. Its adoption by customers may be hampered in some situations by the operation's high cost. For instance, if a high horsepower motor is used with a low load factor, the operation's cost per hour rises noticeably. Induction motors are an example of a motor that does not have a self-starting torque. Additionally, auxiliaries could be needed to start single-phase motors. As a result, these issues might hinder the market's growth.


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Increasing Focus on Adopting Vehicles Running on Renewable Sources to Aid Market Growth

The use of electrical motors as a power source enables it to broaden and enhance its position in the worldwide market. These applications include transportation, electricity, and other sectors. The industrial sector has accelerated and new technologies like combined heat and power are being brought to the market as a result of the huge increase in global power consumption over the past ten years. Due to this, the industrial sector's use of electric machinery has expanded. Additionally, the introduction of electric vehicles (EVs) and the rise in the demand for automobiles have fueled this market's expansion.

The usage of fossil fuels in automobiles is now being phased out through several projects being launched by the automotive sector. Companies have developed battery-powered electric cars and fuel cell electric vehicles (FCEVs) that are powered by fuel cell reactions. For instance, Toyota began deploying its hydrogen forklifts, buses, and heavy vehicles in 2019 and announced plans to boost its global output of fuel cell stacks to 30,000, by 2020. Additionally, the Hyundai Motor Group unveiled a new strategy in December 2018 with the aim of producing 700,000 fuel cell systems yearly, of which 500,000 MW will be used for residential and commercial FCEVs.

Market Segmentation

The India Electric Motors Market are segmented into Motor Type, Application, Output Power, Voltage Rating and End-User. Based on Motor Type, the market is segmented into Alternate Current (AC) Motor and Direct Current (DC) Motor. Based on Output Power, the market is segmented into Integral Horsepower (IHP) Output and Fractional Horsepower (FHP) Output.  Based on Application, the market is segmented into Industrial, HVAC, Medical Equipment, Industrial Machinery, Home Appliances, and Others. Based on Voltage Rating, the market is segmented into Low Voltage (Upto 690V), Medium Voltage (691V - 3300V), High Voltage (above 3300V)). Based on End-User, the market is segmented into   residential, commercial, industrial, and transportation.

Market player

Major players operating in the India Electric Motors Market are CG Power and Industrial Solutions Limited, Bharat Heavy Electricals Limited, ABB India Limited, Siemens Limited, GE Power India Limited, Bharat Bijlee Limited, Kirloskar Electric Company Limited, Marathon Electric India Private Limited and WEG Industries India Private Limited.

Recent Developments

  • Turbo Power Systems and Statcon Energiaa (SE), a power electronics manufacturer with its headquarters in India (Uttar Pradesh), signed a new collaboration agreement in April 2021. It is anticipated that the partnership will increase the knowledge of two businesses in the design, manufacture, and marketing of power electronics products for the energy, rail, and defense industries.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, value, and CAGR for 2018 -2022 and 2023 - 2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Motor Type

Application

Output Power

Voltage Rating

End-User

Region

North, West, South, East

Key companies profiled

CG Power and Industrial Solutions Limited, Bharat Heavy Electricals Limited, ABB India Limited, Siemens Limited, GE Power India Limited, Bharat Bijlee Limited, Kirloskar Electric Company Limited, Marathon Electric India Private Limited and WEG Industries India Private Limited.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, India Electric Motors Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         India Electric Motors Market, By Motor Type:

o   Alternate Current (AC) Motor

o   Direct Current (DC) Motor

·         India Electric Motors Market, By Output Power:

o   Integral Horsepower (IHP)

o   Output and Fractional Horsepower (FHP)

·         India Electric Motors Market, By Application:

o   Industrial

o   HVAC

o   Medical Equipment

o   Industrial Machinery

o   Home Appliances

o   Others

·         India Electric Motors Market, By Voltage Rating:

o   Low Voltage (Upto 690V)

o   Medium Voltage (691V - 3300V)

o   High Voltage (above 3300V)

·         India Electric Motors Market, By End-User:

o   Residential

o   Commercial

o   Industrial

o   Transportation

o   India Electric Motors Market, By Region:

o   West

o   North

o   South

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Electric Motors Market.

Available Customizations:

India Electric Motors Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The India Electric Motors Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 in India Electric Motors Market

4.    Executive Summary

5.    Voice of Customers

6.    India Electric Motors Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Motor Type (Alternate Current (AC) Motor and Direct Current (DC) Motor)

6.2.2.    By Output Power (Integral Horsepower (IHP) Output and Fractional Horsepower (FHP) Output)

6.2.3.    By Application (Industrial, HVAC, Medical Equipment, Industrial Machinery, Home Appliances, and Others)

6.2.4.    By Voltage Rating (Low Voltage (Upto 690V), Medium Voltage (691V - 3300V), High Voltage (above 3300V))

6.2.5.    By End-User (Residential l, commercial, Industrial, and transportation)

6.2.6.    By Region (West, North, South, East)

6.2.7.    By Company

6.3.  Market Map

7.    West India Electric Motors Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Motor Type

7.2.2.    By Application

7.2.3.    By Output Power

7.2.4.    By Voltage Rating

7.2.5.    By End-User

8.    North India Electric Motors Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Motor Type

8.2.2.    By Application

8.2.3.    By Output Power

8.2.4.    By Voltage Rating

8.2.5.    By End-User

9.    South India Electric Motors Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Motor Type

9.2.2.    By Application

9.2.3.    By Output Power

9.2.4.    By Voltage Rating

9.2.5.    By End-User

10.  East India Electric Motors Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Motor Type

10.2.2. By Application

10.2.3. By Output Power

10.2.4. By Voltage Rating

10.2.5. By End-User

11.  Market Dynamics

11.1. Drivers

11.1.1. Rising Demand of electric consumption

11.1.2. Rapid urbanization

11.1.3. Adoption of HVAC Application

11.2. Challenges

11.2.1.  High Maintenance Cost

12.  Market Trends & Developments

12.1.             Acceptances of electric motors in Automotives sector

12.2.             Increasing awareness of electrical motors as a power source

12.3.             Combined advancement of heat and power technologies

13.  Policy & Regulatory Landscape

14.  PORTER Analysis

15.  Company Profiles

15.1.             CG Power and Industrial Solutions Limited

15.1.1. Business Overview

15.1.2. Key Revenue and Financials (If Available)

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services

15.2.             Bharat Heavy Electricals Limited

15.2.1. Business Overview

15.2.2. Key Revenue and Financials (If Available)

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services

15.3.              ABB India Limited

15.3.1. Business Overview

15.3.2. Key Revenue and Financials (If Available)

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services

15.4.             Siemens Limited

15.4.1. Business Overview

15.4.2. Key Revenue and Financials (If Available)

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services

15.5.             GE Power India Limited

15.5.1. Business Overview

15.5.2. Key Revenue and Financials (If Available)

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services

15.6.              Bharat Bijlee Limited

15.6.1. Business Overview

15.6.2. Key Revenue and Financials (If Available)

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services

15.7.             Kirloskar Electric Company Limited

15.7.1. Business Overview

15.7.2. Key Revenue and Financials (If Available)

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services

15.8.              Marathon Electric India Private Limited

15.8.1. Business Overview

15.8.2. Key Revenue and Financials (If Available)

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services

15.9.              WEG Industries India Private Limited

15.9.1. Business Overview

15.9.2. Key Revenue and Financials (If Available)

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services

16.  Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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To generate motion, electric motors transform electrical energy into mechanical energy. The interaction of a magnetic field with the alternating (AC) or direct (DC) current flowing through the motor's windings, produces force.

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People are aware that AC motors and DC motors are the two main types of motors. AC motors have variable speed capabilities and require little electricity to start. On the other hand, DC motors are extensively utilized since they can be installed quickly and have lower beginning costs for low power units than AC.

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Air conditioning compressors, irrigation pumps, hydraulic motors, and compressor power drives are all better suited to AC motors. Paper machines and rolling machinery for steel mills both favor DC motors.

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Major players operating in the India Electric Motors Market are CG Power and Industrial Solutions Limited, Bharat Heavy Electricals Limited, ABB India Limited, Siemens Limited, GE Power India Limited, Bharat Bijlee Limited, Kirloskar Electric Company Limited, Marathon Electric India Private Limited and WEG Industries India Private Limited.