India Electric Motor Market: Size, Growth, Trends, and Forecast | 2025-2034
India Electric Motor Market Outlook
The India electric motor market size reached a value of INR 118.30 billion in 2024. Driven by the growing demand for energy-efficient and eco-friendly solutions across industries, as well as the expansion of electric vehicle (EV) adoption, the market is projected to grow at a CAGR of 11% between 2025 and 2034, reaching a value of INR 302.60 billion by 2034.
Electric motors play a crucial role in driving the industrial, commercial, and residential sectors in India. As a primary driver of mechanical energy, electric motors are used in numerous applications ranging from household appliances to heavy machinery. The growing emphasis on sustainability, energy efficiency, and the shift towards automation in manufacturing processes are expected to propel the demand for electric motors in the country. Additionally, the increased adoption of electric vehicles (EVs) is further fueling the growth of the electric motor market in India, as these motors are essential components in EVs.
The shift towards energy-efficient systems, coupled with the government's focus on green technologies, has spurred the development and adoption of advanced electric motors. The increasing demand from sectors like manufacturing, automotive, and HVAC (heating, ventilation, and air conditioning) is expected to be a major growth driver for the Indian electric motor market over the next decade.
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Growth of the Electric Vehicle (EV) Market
The increasing adoption of India electric motor market is one of the most significant factors contributing to the expansion of the electric motor market. The Indian government has set ambitious targets for EV adoption, with plans to transition 30% of the country’s vehicles to electric by 2030. This push is being supported by various policy initiatives, subsidies, and incentives aimed at both manufacturers and consumers.
Electric motors are the core components of EVs, driving the wheels and ensuring efficient operation. As the Indian automotive industry continues to embrace electric vehicles, the demand for high-performance electric motors is expected to rise sharply. Moreover, the growing preference for two-wheelers, three-wheelers, and electric buses further enhances the potential for electric motor growth in the EV sector.
Energy Efficiency and Sustainability Initiatives
India's growing focus on energy conservation and sustainability is another key factor driving the India electric motor market. As a part of its commitment to reducing carbon emissions and achieving environmental goals, the Indian government has introduced several initiatives aimed at promoting energy-efficient technologies. The Bureau of Energy Efficiency (BEE) has been working to enhance the energy efficiency of electric motors across various industries, particularly in manufacturing, where electric motors are extensively used.
The demand for energy-efficient electric motors is driven by the need for reducing energy consumption, improving industrial productivity, and minimizing operational costs. Additionally, the growing awareness among consumers and businesses about the environmental impact of high-energy-consuming equipment has resulted in a shift towards electric motors that meet energy efficiency standards. This shift is further supported by the government's push for the adoption of energy-efficient motors in residential, commercial, and industrial sectors.
Industrial Automation and Digitalization
The rise of industrial automation and digitalization is also contributing significantly to the growth of the India electric motor market. With industries increasingly adopting automated systems, electric motors are being used to drive automated machines and robots that perform tasks more efficiently than manual labor. Industries such as manufacturing, oil and gas, textiles, and packaging are witnessing a shift towards automation to improve productivity, quality, and safety.
Electric motors are integral to these automated systems, as they provide the precise control and power needed for machinery to function optimally. Furthermore, the integration of Internet of Things (IoT) and artificial intelligence (AI) technologies in industrial applications is enhancing the performance and efficiency of electric motors, thereby driving their adoption in various industrial processes.
Rising Demand in Residential and Commercial Applications
Electric motors are commonly used in household appliances, such as fans, air conditioners, refrigerators, and washing machines. As the demand for these products continues to rise, especially in urban areas with growing populations, the market for electric motors is expanding in the residential and commercial sectors.
In addition to household appliances, commercial establishments such as hotels, shopping malls, and office buildings are increasingly adopting electric motors for HVAC systems, water pumps, and escalators. The rising standard of living, coupled with rapid urbanization, is expected to further fuel the demand for electric motors in these applications over the coming years.
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 in the Market
While the India electric motor market presents significant growth opportunities, it is not without challenges. One of the key obstacles is the high cost of high-efficiency motors, which may deter small and medium-sized enterprises (SMEs) from adopting newer technologies. These businesses, particularly in rural areas, may continue to rely on older, less efficient electric motors due to budget constraints.
Additionally, the lack of standardized practices and fragmented supply chains in the Indian market can lead to inconsistent product quality and availability. This can affect the overall growth and competitiveness of the electric motor market.
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