India Electric Motor Market Outlook

According to the report by Expert Market Research (EMR), the India electric motor market size reached a value of INR 118.30 billion in 2024. Aided by rapid industrialization, government initiatives promoting electric mobility, and the increasing demand for energy-efficient solutions, 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 are mechanical devices that convert electrical energy into mechanical energy. These devices are integral to various applications, including industrial machinery, household appliances, electric vehicles, HVAC systems, and more. The electric motor market in India is experiencing robust growth, driven by technological advancements, government policies encouraging electrification, and the rising adoption of energy-efficient products. These factors are expected to propel the demand for electric motors across multiple sectors in the coming years.

Growth Drivers

The key factors driving the growth of the India electric motor market include rapid industrial development, growing urbanization, and an increasing focus on energy efficiency. As India continues its industrialization process, the demand for electric motors in industries such as manufacturing, construction, and mining is expected to rise substantially. Electric motors are vital in driving industrial machines, conveyors, pumps, and other equipment used in these sectors.

The Indian government's emphasis on clean and renewable energy, particularly through initiatives like "Make in India" and "Smart Cities," is significantly boosting the demand for energy-efficient motors. The push for electric vehicles (EVs) is another major driver of the electric motor market in India. The government’s efforts to promote electric mobility through subsidies, tax incentives, and favorable policies have resulted in a growing adoption of EVs, creating a surge in demand for electric motors for vehicles.

Furthermore, the rising adoption of automation in various industries has amplified the need for electric motors. With industries seeking to improve productivity and reduce operational costs, automation solutions powered by electric motors are becoming increasingly common. In sectors such as textiles, food processing, and packaging, electric motors play a crucial role in enhancing operational efficiency.

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Increasing Demand for Energy Efficiency

One of the most significant trends in the India electric motor market is the growing demand for energy-efficient solutions. As electricity consumption continues to rise, energy efficiency has become a priority for both industries and consumers alike. The Indian government has introduced regulations to promote energy-efficient electric motors through the Bureau of Energy Efficiency (BEE). The mandatory adoption of IE3 (premium efficiency) and IE4 (super premium efficiency) motors across various sectors is expected to drive the demand for energy-efficient electric motors in India.

In the industrial sector, electric motors are a major contributor to energy consumption. As businesses strive to reduce operating costs and improve sustainability, the adoption of high-efficiency electric motors is becoming more prevalent. These motors not only reduce energy consumption but also lower carbon emissions, aligning with India’s broader sustainability goals.

The transition to energy-efficient electric motors is also seen in residential and commercial applications. Energy-efficient motors in appliances such as fans, pumps, and air conditioners are helping to reduce energy bills for consumers while contributing to the overall reduction of the nation’s energy footprint.

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

Despite the positive growth outlook, the India electric motor market faces several challenges. One of the key issues is the high initial cost of energy-efficient motors. While these motors offer long-term savings through reduced energy consumption, the upfront cost may deter some businesses, particularly small and medium-sized enterprises, from making the switch to more efficient models.

Another challenge is the lack of awareness and technical expertise regarding the benefits and operation of high-efficiency electric motors. Many industries continue to use outdated motor technologies that consume more energy and incur higher operating costs. Educating manufacturers and consumers about the advantages of energy-efficient electric motors is critical to furthering market growth.

Additionally, the availability of raw materials and supply chain disruptions could impact the production and pricing of electric motors. India’s reliance on imports for key components, such as copper and steel, may affect the market’s growth if supply chains are disrupted.