India Electric Motor Market Size, Share, Growth and Forecast

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 rising demand for energy-efficient motors and the increasing adoption of electric vehicles (EVs) and industrial automation, the market is projected to further grow at a CAGR of 11% between 2025 and 2034 to reach a value of INR 302.60 billion by 2034.

Electric motors are integral components in a wide range of applications, including industrial machinery, household appliances, transportation, and HVAC systems. These motors convert electrical energy into mechanical energy, offering high efficiency, durability, and minimal maintenance requirements. The growing focus on sustainability and energy conservation has led to increased adoption of electric motors in various sectors, thereby driving the India electric motor market growth.

The rapid industrialization and urbanization in India are key factors fueling market expansion. With government initiatives such as "Make in India" and the push towards self-reliance in manufacturing, industries are increasingly investing in automated and energy-efficient systems, bolstering the demand for electric motors. Moreover, the ongoing modernization of agricultural practices, including the deployment of electric motor-driven irrigation pumps, is further propelling market growth.

The transportation sector is witnessing a paradigm shift with the rising adoption of electric vehicles (EVs). The Indian government's initiatives, including the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, have significantly boosted EV production and sales. Electric motors are essential components in EV powertrains, and the increasing penetration of electric mobility is expected to drive the demand for advanced electric motors in India.

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Market Drivers

The rising emphasis on energy efficiency and sustainability is a key driver of the India electric motor market. The growing awareness regarding carbon emissions and the need for energy conservation have led to the adoption of high-efficiency electric motors, supported by stringent government regulations and incentives.

Additionally, the expansion of the manufacturing sector, driven by increased foreign direct investment (FDI) and domestic production, is creating significant demand for electric motors in industrial automation and robotics. The integration of Industry 4.0 technologies, such as IoT-enabled smart motors, is further augmenting market growth.

The increased focus on electrification in the transportation sector, particularly in EVs and railway networks, is also a major factor fueling market expansion. With the Indian government promoting clean energy alternatives, the demand for electric motors in hybrid and electric vehicles is expected to witness substantial growth in the coming years.

India Electric Motor Market Trends

One of the notable trends in the India electric motor market is the growing adoption of smart and IoT-enabled motors. These motors offer real-time monitoring, predictive maintenance, and improved efficiency, aligning with the broader push towards digitalization in industrial operations.

The increasing use of brushless DC (BLDC) motors in consumer electronics, automotive, and industrial applications is another key trend. These motors offer advantages such as higher efficiency, lower maintenance, and improved performance, making them a preferred choice for various applications.

The development of localized manufacturing capabilities to reduce dependency on imports and support domestic production is also gaining traction. With government incentives promoting indigenous manufacturing, companies are investing in local production facilities to cater to the growing demand for electric motors.

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 Restraints

Despite the promising growth, the India electric motor market faces several challenges. The high initial cost of energy-efficient motors and smart motor technologies can be a deterrent for small and medium enterprises (SMEs). Moreover, the availability of counterfeit and low-quality motors in the market poses a challenge to the adoption of high-performance motors.

The dependence on imported raw materials, such as rare earth elements for permanent magnet motors, also impacts the market dynamics. Fluctuations in raw material prices and supply chain disruptions can lead to cost escalations, affecting the overall market growth.

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