Market Forecast By Types (AC Electric Motor And DC Electric Motor), By Power Output (Fractional Horsepower And Integral Horsepower), By Voltage (Low Voltage, Medium Voltage And High Voltage), By Application (Pumps, Fans, Compressors, Conveyors And Others (Centrifuges, Extruders And Winches)), By End-User (Industrial Machinery, HVAC Equipment, Automobile, Consumer Appliances, Aerospace & Transportation, Power Generation And Others Commercial Application (Agriculture And Mining)) And Competitive Landscape
Product Code: ETC002430 | Publication Date: Dec 2023 | Updated Date: Oct 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India electric motor market import shipment demonstrated robust growth with a notable CAGR from 2020 to 2024. The growth rate between 2023 and 2024 accelerated, indicating increasing momentum in the market expansion. Overall, the market exhibited a strong upward trend, showcasing significant growth potential.
According to 6Wresearch internal database and industry insights, the India Electric Motor Market is anticipated to expand at a robust compound annual growth rate (CAGR) of 10.2% during the forecast period 2025-2031.
Report Name | India Electric Motor Market |
Forecast Period | 2025-2031 |
CAGR | 10.2% |
Growing Sector | Industrial Machinery & Power Generation |
The India Electric Motor Market report thoroughly covers the market by types, by output power, by voltage range, by application, and by end-user. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Electric Motor Market is growing at a robust pace throughout the years due to increasing investments in industrial automation, growth in power generation capacity, and strong domestic manufacturing capabilities. Initiatives such as “Make in India” and increasing EV adoption are further strengthening demand. Apart from this, agricultural mechanization, rapid growth in construction, and increasing demand for efficient HVAC systems are fuelling the market.
Below mentioned some major drivers and their impacts on the market:
Drivers | Primary Segments Affected | Why it Matters |
Rising EV Adoption & Auto Sector Growth | Automobile, Powertrain Components | Under FAME-II and expansion of domestic EV production drive demand for integral horsepower motors. |
Expansion of Industrial Automation | Industrial Machinery, Conveyors, Compressors | Across states like Maharashtra, Gujarat, and Tamil Nadu, manufacturing hubs are growing and heavily adopting automation and robotics requiring high-efficiency motors. |
Renewable Energy Investments | Power Generation, Pumps, Wind Turbines | Solar and wind projects in Rajasthan, Tamil Nadu, and Gujarat demand high-voltage and premium efficiency motors. |
Agricultural Mechanization | Pumps, Agriculture & Mining | Groundwater irrigation pumps and processing equipment for sugarcane, wheat, and rice require low- and medium-voltage motors. |
Infrastructure & Urbanization | HVAC, Consumer Appliances | Projects related to smart city and metro expansion are driving demand for motors in HVAC, escalators, and household appliances. |
India Electric Motor Market Size is predicted to grow exponentially at a CAGR of 10.2% during the forecast period 2025-2031. Owing to strong demand from industrial and infrastructure sectors, combined with power generation expansion, makes India one of the fastest-growing motor markets in Asia. The presence of strong domestic manufacturers such as Bharat Heavy Electricals Limited (BHEL) and Crompton Greaves adds flexibility to the local supply. Further, government push for EVs and renewables ensures steady demand for high-efficiency motors.
Below mentioned some major restraints and their influence on the market dynamics:
Restraints | Primary Segments Affected | What this Means |
Raw Material Price Volatility | All Segments | There is heavy dependence on copper and steel imports raises cost uncertainty. |
Energy Shortages & Grid Instability | Industrial, Agriculture | Irregularities in power supply affects performance and increases downtime for motors. |
Financing Barriers for SMEs | Industrial Machinery, Agriculture | SMEs delays the motor upgrades due to limited credit access and high interest rates. |
Competition from Low-Cost Imports | Industrial, Consumer Appliances | From China and Southeast Asia, the imports are cheaper that pressurize local manufacturers. |
Regulatory Complexity | Power Generation, Auto | Lengthy approval processes for energy-efficient motor certification delay adoption. |
India Electric Motor Market has numbers of the challenges that could affect the growth of market in the future. For instance, fluctuating commodity prices is always a concern. Heavy competition from imports, and financing limitations for small-scale industries are some major obstacles. Further, the lack of skilled technicians in advanced automation and smart motor technologies restricts growth. Furthermore, electricity distribution losses and grid instability in rural areas create operational risks for industrial and agricultural applications.
Some emerging trends in the market are:
Here are some latent opportunities in the market
There are some leading players in the market include:
Company Name | ABB |
Established Year | 1988 |
Headquarters | Zurich, Switzerland |
Website | Click Here |
This companies supplies advanced motors and automation solutions in India, widely used in power generation, renewables, and high-end industrial applications.
Company Name | Siemens |
Established Year | 1847 |
Headquarters | Munich, Germany |
Website | Click Here |
This company provides the broad portfolio of medium- and low-voltage motors in India, focusing on industrial automation and energy-efficient systems.
Company Name | Bharat Heavy Electricals Limited (BHEL) |
Established Year | 1964 |
Headquarters | New Delhi, India |
Website | Click Here |
This company manufactures a wide range of electric motors domestically, catering to power generation, industrial machinery, and railway applications.
Company Name | Crompton Greaves Consumer Electricals |
Established Year | 1937 |
Headquarters | Mumbai, India |
Website | Click Here |
This company provides motors for HVAC, pumps, and consumer appliances, with a strong distribution network across India.
Company Name | Havells India Limited |
Established Year | 1958 |
Headquarters | Noida, India |
Website | Click Here |
This company delivers integral horsepower and fractional horsepower motors for consumer appliances, fans, and small industrial equipment.
According to Indian Government Data, numbers of the policies and regulations are implemented in the India Electric Motor Market such as Bureau of Energy Efficiency (BEE) ratings for motors, encouraging the adoption of IE3 and above efficiency classes. Also, there is FAME-II scheme which supports the EV adoption, driving demand for traction motors. Further, solar irrigation pump schemes under MNRE (Ministry of New and Renewable Energy) require the high-efficiency motor integration.
India Electric Motor Market is predicted to experience double-digit growth in the coming years. This market is fuelled by EV adoption, industrial automation, and renewable expansion. In the future, the investments are continued to increase in smart motor technologies, IoT-enabled monitoring, and local production scaling up, India is positioned as a regional hub for motor manufacturing. Further, rising agricultural demand and urbanization will further contribute to steady growth through 2031.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Parth, Senior Research Analyst, 6Wresearch, integral horsepower motors lead the market as these are essential for industrial machinery, EV applications, and pumps. Their strength and performance make them critical for large-scale operations. Also, fractional horsepower motors are mainly used in consumer appliances and small devices.
AC electric motors dominate the market due to their cost-effectiveness, durability, and wide use in industrial machinery, HVAC systems, and automobiles. DC motors remain important in EVs and specialized automation, but their market share is smaller compared to AC motors.
Low-voltage motors hold the largest India electric motor market share, as they are widely used in HVAC equipment, household appliances, pumps, and conveyors. Medium- and high-voltage motors are significant in heavy industries and power generation, but low-voltage motors dominate because of their broad application base.
Pumps are the most purchased by consumers, especially in agriculture, irrigation, water treatment, and industrial utilities. Their necessity for irrigation and infrastructure development ensures the highest demand compared to fans, compressors, and conveyors.
Industrial machinery is the leading end-user segment, supported by India’s growing manufacturing and automation adoption. While HVAC, automobiles, and consumer appliances are growing, industrial machinery holds the top share due to large-scale demand.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. India Electric Motor Market Overview |
3.1 India Electric Motor Market Revenues And Volume, 2021-2031 |
3.2 India Electric Motor Market Revenue Share, By Voltage, 2021 & 2031 |
3.3 India Electric Motor Market Revenue Share, By Power Output, 2021 & 2031 |
3.4 India Electric Motor Market Revenue Share, By Types, 2021 & 2031 |
3.5 India Electric Motor Market Revenue Share, By End-User, 2021 & 2031 |
3.6 India Electric Motor Market Revenue Share, By Application, 2021 & 2031 |
3.7 India Electric Motor Market - Industry Life Cycle |
3.8 India Electric Motor Market - Porter’s Five Forces |
4. India Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting electric vehicles and renewable energy usage |
4.2.2 Increasing industrial automation and adoption of electric motors in manufacturing processes |
4.2.3 Growing awareness about energy efficiency and sustainability among consumers and businesses |
4.3 Market Restraints |
4.3.1 High initial investment cost of electric motors compared to traditional combustion engine systems |
4.3.2 Lack of widespread charging infrastructure for electric vehicles in India |
4.3.3 Supply chain disruptions and raw material price fluctuations impacting electric motor manufacturing |
5. India Electric Motor Market Trends |
6. India Electric Motor Market Overview, By Voltage |
6.1 India Low Voltage Electric Motor Electric Motor Market Revenues And Volume, 2021-2031 |
6.2 India Medium Voltage Electric Motor Electric Motor Market Revenues And Volume, 2021-2031 |
6.3 India High Voltage Electric Motor Electric Motor Market Revenues And Volume, 2021-2031 |
7. India Electric Motor Market Overview, By Power Output |
7.1 India Electric Motor Market Revenue And Volumes, By Integral Horsepower, 2021-2031 |
7.2 India Electric Motor Market Revenue And Volumes, By Fractional Horsepower, 2021-2031 |
8. India Electric Motor Market Overview, By Types |
8.1 India Electric Motor Market Revenue And Volumes, By Ac Motor, 2021-2031 |
8.2 India Electric Motor Market Revenue And Volumes, By Dc Motor, 2021-2031 |
9. India Electric Motor Market Overview, By End-User |
9.1 India Electric Motor Market Revenue And Volumes, By Industrial Machinery, 2021-2031 |
9.2 India Electric Motor Market Revenue And Volumes, By Hvac Equipment, 2021-2031 |
9.3 India Electric Motor Market Revenue And Volumes, By Automobile, 2021-2031 |
9.4 India Electric Motor Market Revenue And Volumes, By Consumer Applaince, 2021-2031 |
9.5 India Electric Motor Market Revenue And Volumes, By Aerospace & Transportation, 2021-2031 |
9.6 India Electric Motor Market Revenue And Volumes, By Power Generation, 2021-2031 |
9.7 India Electric Motor Market Revenue And Volumes, By Other Commercial Application (Agriculture And Mining), 2021-2031 |
10. India Electric Motor Market Overview, By Application |
10.1 India Electric Motor Market Revenue And Volumes, By Pumps, 2021-2031 |
10.2 India Electric Motor Market Revenue And Volumes, By Fans, 2021-2031 |
10.3 India Electric Motor Market Revenue And Volumes, By Compressors, 2021-2031 |
10.4 India Electric Motor Market Revenue And Volumes, By Conveyors, 2021-2031 |
10.5 India Electric Motor Market Revenue And Volumes, By Others (Centrifuges, Extruders And Winches), 2021-2031 |
11. India Electric Motor Market Key Performance Indicators |
11.1 Average energy efficiency rating of electric motors used in India |
11.2 Percentage of electric motor sales in the industrial sector compared to traditional motor types |
11.3 Adoption rate of electric vehicles and corresponding demand for electric motors |
12. India Electric Motor Market Opportunity Assessment |
12.1 India Electric Motor Market Opportunity Assessment, By Voltage, 2031 |
12.2 India Electric Motor Market Opportunity Assessment, By Power Output, 2031 |
12.3 India Electric Motor Market Opportunity Assessment, By Types, 2031 |
12.4 India Electric Motor Market Opportunity Assessment, By End-User, 2031 |
12.5 India Electric Motor Market Opportunity Assessment, By Application, 2031 |
13. India Electric Motor Market Competitive Landscape |
13.1 India Electric Motor Market By Companies, 2024 |
13.2 India Electric Motor Market Competitive Benchmarking, By Operating Parameters |
14. Company Profiles |
15. Key Strategic Recommendations |
16. Disclaimer |
Market Forecast By Types (AC Electric Motor And DC Electric Motor), By Power Output (Fractional Horsepower And Integral Horsepower), By Voltage (Low Voltage, Medium Voltage And High Voltage), By Application (Pumps, Fans, Compressors, Conveyors And Others (Centrifuges, Extruders And Winches)), By End-User (Industrial Machinery, HVAC Equipment, Automobile, Consumer Appliances, Aerospace & Transportation, Power Generation And Others Commercial Application (Agriculture And Mining)) And Competitive Landscape
Product Code: ETC002430 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 91.26% over the previous year. While Germany registered a growth of 26.8% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In term of the Herfindahl Index, which measures the competitiveness of countries exporting, India has a Herfindahl index of 2069 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2715 which signifies high concentration in the market.
The India Electric Motor Market is attaining growth and many trends are undergoing in the market and first major trend which is happening in this sector is the acceptance of electric vehicles in the nation. Consumers are now seeking more sustainable transportation options with growing concerns regarding fuel prices and environmental pollution. The government of the country has also been playing a huge role in the market success since the government is promoting renewable energy sources and this play a huge role in the market progression. The industrial sector in the country is another area where these electric motors have attained traction. Companies these days are looking to decrease their energy costs and carbon footprint by switching to more efficient motors, which is helping in boosting the growth of this sector.
India Electric Motor Market report thoroughly covers the market by type, power output, voltage, applications, and end-user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Electric Motor Market is projected to grow over the coming year. The India Electric Motor Market report is a part of our periodical regional publication Asia Pacific Electric Motor Market outlook report. 6W tracks the electric motor market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Electric Motor Market outlook report annually.
India Electric Motor Market has witnessed substantial growth on account of the rising automotive industry and growing industrialization in the country. The factors driving the demand for electric motors are rapid urbanization, growing industrialization, and increasing constructional activities.
According to 6Wresearch, the India Electric Motor Market size is expected to grow during 2020-2026. Several factors have been playing a crucial role in driving the market and these factors are the rising industrialization, rising constructional activities as well as faster urbanization. Additionally, growing energy consumption and growing government initiatives towards the adoption of electric motors would further fuel the growth of the electric motor market in India. The government of the country has also been playing a huge role in the market success since the government is promoting the renewable energy sources. The rising concern towards protecting the environment from harmful gases is also boosting the India Electric Motors Market Growth. The government of the country is making efforts to promote renewable energy sources, which drives the market. Technological advancements are also supporting the market progression since it is owing to these smart technologies that manufacturers are able to develop efficient motors.
The market in India registered significant decline as the country had to go through economic crises since the government imposed lockdown owing to which a number of industries were not supposed to operate. Only a very few and significant industries were allowed to operate during the pandemic and these industries include healthcare, retail, agriculture, and online education. The automotive sector completely impeded by the pandemic since there was a huge restriction on travel and as people were spending more time at home, so there was a decline in sales of vehicles, and electric motors are majorly used in vehicles, which brough challenges for the market. Other major consumers also faced significant challenges which became the reason behind the declining demand and sales of electric motors, and this further lowered the India Electric Motor Market Share.
Many players are operating in the market but only a few players have a crucial role to play and these players are:
According to Gyan, Senior Research Analyst, 6Wresearch, the AC electric motor segment is expected to dominate the electric motor market in India owing to increasing demand for machine control in the automotive industry and growing demand for energy-efficient systems in manufacturing.
In terms of power output, the fractional horsepower segment is holding a major revenue share in the market due to enhancing deployment of electric motors in small-scale industries as well as other applications coupled with increasing investment in the industrial sector.
In terms of end-user, the industrial machinery segment is anticipated to dominate the India Electric Motor Industry revenue share owing to surging demand for energy-efficient conveyor systems in the automotive and manufacturing industries.
The report provides a detailed analysis of the following market segments: