India AC Drives Market (2025-2031) | Revenue, Analysis, Outlook Share, Trends, Growth, Forecast, Value, Companies, Industry, Size

India AC Drives Market Growth Rate

According to 6Wresearch internal database and industry insights, the India AC Drives Market is projected to grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period (2025-2031).

Five-Years Growth Trajectory of the India AC Drives Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Topics Covered in the India AC Drives Market Report

The India AC Drives Market report thoroughly covers the market by Voltage, Power Rating, and Application. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.

India AC Drives Market Highlights

India AC Drives Market Synopsis

The India AC Drives Market is set to experience significant growth, driven by increasing demand for energy-efficient and cost-effective solutions across industries. The expansion of manufacturing sectors, along with government support through energy-efficient initiatives, is fostering adoption. Moreover, technological advancements, such as the integration of IoT in industrial processes, are driving market growth. The rising demand for HVAC (Heating, Ventilation, and Air Conditioning) systems and energy-efficient products is expected to further propel market growth in India.

Evaluation of Growth Drivers in the India AC Drives Market

Below mentioned are some growth drivers and their impact on market dynamics:

India AC Drives Market is expected to grow significantly, with a CAGR of 7.5% during the forecast period of 2025-2031. The India AC Drives Market is going to grow continuously, and the key reasons for this are the rising awareness about energy efficiency, demand for industrial automation, and the government initiatives for energy savings. An efficient energy consumption practice across the industries is one of the key reasons for the increasing demand for India AC Drives Market Growth. The ongoing transition to and adoption of energy-efficient solutions mainly for the purpose of the reduction of operating costs and productivity improvement gives an edge to the market known for steady growth as the industries shift their focus onto sustainability and efficiency in their operations.

Evaluation of Restraints in the India AC Drives Market

Below mentioned are some major restraints and their influence on market dynamics:

India AC Drives Market Challenges

Though the India AC Drives Industry has strong future growth potential; it is subjected to various challenges. The large initial expenditure, especially in case of small-scale industries, is an obstacle to the adoption. Moreover, the installation and maintenance difficulties create trouble for firms not possessing technical knowledge. The lack of awareness in non-metro cities is one of the reasons for the slow penetration of the market while dependence on imported parts reduces the competitiveness of the market. All these things are factors that pose challenges and the challenges must be overcome to pave the way for the large-scale acceptance and sustainability of AC drives in various sectors of the Indian market.

India AC Drives Market Trends

Some major trends contributing to the development of the India AC Drives Market growth are:

• Increased Adoption of Energy-Efficient Solutions: Industries are focusing on energy savings, reducing operational costs through the use of advanced AC drives.
• Integration of IoT & Automation: The growing demand for IoT-enabled AC drives allows real-time data collection and enhanced system control.
• Expansion of Industrial Automation: The move toward automated factories and process industries is driving the demand for AC drives.
• Sustainability & Eco-Friendly Products: With increasing focus on sustainability, AC drive manufacturers are integrating eco-friendly solutions.
• Digitization of Manufacturing Processes: The rise of digital manufacturing techniques and Industry 4.0 is encouraging more AC drive installations.

Investment Opportunities in the India AC Drives Market

Here are some investment opportunities in the India AC Drives Industry:

• Development of Energy-Efficient AC Drives: Companies can invest in designing and manufacturing more energy-efficient AC drives for different industrial applications.
• Expansion of IoT-Integrated AC Drives: Investing in IoT integration in AC drives to enable predictive maintenance and remote monitoring capabilities.
• Local Manufacturing: Establishing local manufacturing plants to reduce dependence on imports and cut costs.
• Sustainability-Focused Solutions: Investment in sustainable AC drives using eco-friendly materials and technologies to align with global environmental trends.
• Penetration in Non-Metro Cities: Expanding the market reach to tier-2 and tier-3 cities to tap into the growing industrial base.

Top 5 Leading Players in the India AC Drives Market

Here are some top companies contributing to India AC Drives Market Share:

1. Siemens India Pvt. Ltd.

A global leader in automation and digitalization, Siemens offers a range of AC drives for industrial applications, with a strong focus on energy efficiency and sustainability.

2. Schneider Electric India Pvt. Ltd.

Known for its solutions in energy management and automation, Schneider Electric offers advanced AC drive products designed to improve energy efficiency in industrial processes.

3. ABB India Ltd.

ABB is a global leader in industrial technology, providing AC drives designed to optimize energy use and reduce operating costs across various industries.

4. Rockwell Automation India Pvt. Ltd.

Rockwell Automation offers advanced industrial automation and control solutions, including AC drives for optimizing production efficiency and reducing energy consumption.

5. Mitsubishi Electric India Pvt. Ltd.

Mitsubishi Electric provides AC drive solutions that offer high energy efficiency, advanced automation, and smart control for a wide range of industrial applications.

Government Regulations Introduced in the India AC Drives Market

According to Indian Government data, the Indian government has implemented several initiatives to promote energy efficiency and green technologies, including the use of AC drives. The “Perform, Achieve and Trade (PAT)” scheme by the Bureau of Energy Efficiency (BEE) provides incentives for adopting energy-saving technologies. Additionally, the “Make in India” initiative supports domestic manufacturing, enhancing the competitiveness of local AC drive manufacturers. These government efforts are playing a vital role in driving the adoption of energy-efficient solutions, fostering market growth, and strengthening the overall competitiveness of the India AC Drives industry.

Future Insights of the India AC Drives Market

The India AC Drives Market is poised for substantial growth, driven by government incentives promoting energy-efficient technologies, industrial automation, and increased HVAC demand. As industries increasingly focus on sustainability and energy conservation, the adoption of AC drives will continue to rise. This transition toward energy-efficient solutions opens up significant opportunities for innovation and growth, further supported by government policies and technological advancements. Overall, the market is expected to thrive during the forecast period.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Low to Dominate the Market – By Voltage

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, the low voltage segment dominates the India AC Drives Market due to its cost-effectiveness, availability of standard products, and suitability for both low and medium power applications. These advantages drive its higher adoption across diverse industrial sectors.

Low to Dominate the Market – By Power Rating

Within the power rating segmentation, the low-power drives (< 40 kW) category leads the market. These drives are widely used across various industrial motor applications such as pumps, fans, machine tools, and small manufacturing units, making them the largest share segment in the market.

Pumps to Dominate the Market – By Application

In terms of applications, the Pumps segment holds the leading position in the India AC Drives Market. Pumps are extensively used across industries including water treatment, chemical, HVAC, and infrastructure, driving the adoption of AC drives for energy-efficient motor control in pump systems.

Key Attractiveness of the Report

• 10 Years Market Numbers
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• India AC Drives Market Outlook
• Market Size of India AC Drives Market, 2024
• Forecast of India AC Drives Market, 2031
• Historical Data and Forecast of India AC Drives Revenues & Volume for the Period 2021-2031
• India AC Drives Market Trend Evolution
• India AC Drives Market Drivers and Challenges
• India AC Drives Price Trends
• India AC Drives Porter's Five Forces
• India AC Drives Industry Life Cycle
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Voltage for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Low for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Medium for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Power Rating for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Low for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Medium for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By High Power for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Pumps for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Fans for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Compressors for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Conveyors for the Period 2021-2031
• Historical Data and Forecast of India AC Drives Market Revenues & Volume By Extruders for the Period 2021-2031
• India AC Drives Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Power Rating
• Market Opportunity Assessment By Application
• India AC Drives Top Companies Market Share
• India AC Drives Competitive Benchmarking By Technical and Operational Parameters
• India AC Drives Company Profiles
• India AC Drives Key Strategic Recommendations

Market Covered

The report subsequently covers the market by following segments and subsegments:

By Voltage

• Low Voltage
• Medium Voltage

By Power Rating

• Low Power
• Medium Power
• High Power

By Application

• Pumps
• Fans
• Compressors
• Conveyors
• Extruders