India Electric Motor Market Demand, Size, Share, Growth and Report | 2034

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. Aided by the increasing demand for energy-efficient technologies and the rapid industrialisation in the country, the market is projected to further grow at a CAGR of 11% between 2025 and 2034 to reach a value of INR 302.6 billion by 2034.

Electric motors are indispensable components in modern mechanical systems, converting electrical energy into mechanical energy. They are widely utilised in various sectors, including industrial manufacturing, automotive, consumer appliances, and energy generation. These motors are pivotal in ensuring operational efficiency, reducing energy consumption, and supporting sustainable development goals. The robust infrastructure development, coupled with favourable government initiatives, is driving the growth of the India electric motor market.

Key Market Drivers

The burgeoning industrialisation and urbanisation in India are primary drivers for the India electric motor market. The manufacturing sector’s expansion and the increased adoption of automation technologies in industries are significantly boosting demand. Electric motors are essential for operating machinery, conveyors, and pumps, which form the backbone of manufacturing operations. Furthermore, the government’s Make in India initiative has further propelled industrial growth, enhancing the demand for electric motors in the domestic market.

The rise in energy consumption and the increasing emphasis on energy conservation have fostered the adoption of energy-efficient motors. The Bureau of Energy Efficiency (BEE) and other regulatory bodies are promoting energy-efficient standards, driving manufacturers to innovate and produce motors with reduced power consumption. This shift aligns with global sustainability objectives, further bolstering the market.

The automotive sector in India is undergoing a transformation with the rise of electric vehicles (EVs). Electric motors are a critical component in EVs, and the growing EV market in India is significantly contributing to the demand for advanced electric motor technologies. The government’s FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme and other supportive policies are expected to augment the adoption of electric vehicles, subsequently increasing the demand for electric motors.

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Applications in Diverse Sectors

The wide-ranging applications of electric motors across sectors underline their critical importance. In the industrial domain, they are used in manufacturing, material handling, and mining activities. The increasing automation in factories and the adoption of Industry 4.0 technologies are pushing the demand for high-performance electric motors. The shift towards smart manufacturing practices further accentuates the need for motors with advanced control systems.

In the agricultural sector, electric motors play a crucial role in driving pumps and other equipment. The demand for energy-efficient agricultural solutions has surged due to water scarcity and the need for sustainable irrigation practices. Government subsidies and programs aimed at modernising agriculture are enhancing the market for electric motors in this sector.

The consumer appliances India electric motor market is another significant contributor to the growth of the electric motor industry. Electric motors are integral to household appliances such as washing machines, refrigerators, and air conditioners. The rising disposable income of Indian households and the increasing penetration of smart home technologies are driving demand for such appliances, subsequently boosting the electric motor market.

Technological Advancements and Innovations

Technological advancements in the India electric motor market, industry are catalysing market growth. Manufacturers are focusing on developing motors that are compact, lightweight, and energy-efficient. The integration of advanced materials, such as rare-earth magnets, in motor manufacturing has led to enhanced performance and durability. Furthermore, the adoption of IoT-enabled motors with predictive maintenance capabilities is gaining traction, reducing operational downtime and enhancing efficiency.

The development of high-speed motors for specialised applications in industries such as aerospace and medical devices is another significant innovation. These motors are designed to operate with precision and reliability in demanding environments, expanding the scope of the 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 and Opportunities

While the India electric motor market is on a growth trajectory, it faces certain challenges. The high initial cost of advanced electric motors can deter small and medium-sized enterprises (SMEs) from adopting them. Additionally, the reliance on imported raw materials, such as rare-earth magnets, exposes the market to price volatility and supply chain disruptions.

Despite these challenges, the market presents significant opportunities. The growing renewable energy sector in India is a major area for electric motor applications. Motors are essential in wind turbines and solar tracking systems, and the increasing investments in renewable energy projects are expected to drive demand. Additionally, the push for electrification in rural areas opens new avenues for market expansion.

The export potential of Indian-made electric motors is another promising opportunity. With competitive pricing and adherence to international quality standards, Indian manufacturers are well-positioned to cater to the global market. The government’s focus on boosting exports through policy support further enhances this prospect.

Future Outlook

The future of the India electric motor market looks promising, driven by technological advancements, policy support, and increasing demand across sectors. The integration of digital technologies and the focus on sustainability are expected to redefine the electric motor landscape in the coming years. The market’s growth will also be shaped by the evolution of the EV sector and the adoption of smart industrial solutions.

Manufacturers need to prioritise research and development to innovate and meet the changing demands of end-users. Partnerships and collaborations with global players can also facilitate technology transfer and enhance competitiveness. As the market evolves, stakeholders must navigate challenges and leverage opportunities to achieve sustainable growth.

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