The India Electric Motors Market report thoroughly covers the India electric motors market by types, voltage, power capacity, sectors, and regions. The India electric motors market outlook report provides an unbiased and detailed analysis of the on-going India electric motors market trends, opportunities/high growth areas, market drivers, and India electric motors market share by companies, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
India Electric Motors Market Synopsis
The India market for electric motors is highly fragmented owing to the presence of a large number of players including major companies and medium-sized enterprises. Product innovation and technological advancement such as energy-efficient motors with significant power saving capability have steered higher adoption of electric motors in recent years across several segments such as automotive, manufacturing, HVAC equipment, and home appliances in the country. The market has seen a substantial decline owing to the massive outbreak of COVID-19 as construction was halted to combat the spreads of the virus.
According to 6Wresearch, India Electric Motors Market size is projected to grow at CAGR of 5.9% during 2020-2026. Growing acceptance of electric vehicles is catalysing the growth of the electric motors market size globally and in India as well. An upsurge in demand for automotive electric motors is expected over the coming years owing to rising fuel prices and stringent regulations towards reducing the air pollution level across the nation. Additionally, FAME II for 100% vehicle electrification, make in India program and other initiatives to achieve India’s target of becoming a global manufacturing hub would continue to boost the demand for electric motors in the country.
Market Analysis by Types
AC electric motors segment captured majority of the revenue share in 2019 of India electric motors market overview and is projected to dominate during the forecast period as well. Among voltage levels, low voltage motors segment bagged the highest revenue share in 2019, however, with growing usage in the industrial segment, medium voltage is projected to exhibit highest growth over the coming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Electric Motors Market Overview
- India Electric Motors Market Outlook
- India Electric Motors Market Forecast
- India Electric Motors Market Size
- Historical Data of India Electric Motors Market Revenues for the Period 2016-2019 & India Electric Motors Market Forecast of Revenues, Until 2026F
- Historical Data of India Electric Motors Market Revenues for the Period 2016-2019 & India Electric Motors Market Forecast of Revenues, By Types, Until 2026F
- Historical Data of India Electric Motors Market Revenues for the period 2016-2019 & India Electric Motors Market Forecast of Revenues, By Voltage, Until 2026F
- Historical Data of India Electric Motors Market Revenues for the period 2016-2019 & India Electric Motors Market Forecast of Revenues, By Power Capacity, Until 2026F
- Historical Data of India Electric Motors Market Revenues for the period 2016-2019 & India Electric Motors Market Forecast of Revenues, By Sectors, Until 2026F
- Historical Data of India Electric Motors Market Revenues for the period 2016-2019 & India Electric Motors Market Forecast of Revenues, By Regions, Until 2026F
- India Electric Motor Market Drivers
- India Electric Motor Market Restraints
- India Electric Motors Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- India Electric Motors Market Share, By Players
- Company Profiles
- Key Strategic Recommendations
- India Electric Motor Market Overview on Competitive Benchmarking
Market Scope and Segmentation
The report provides a detailed analysis of the following Market segments:
- By Types
- AC Motors
- DC Motors
- By Power Capacity
- Fractional Horsepower
- Integral Horsepower
- By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
- By Sectors
- Industrial
- Commercial
- Residential
- Automotive
- Others
- By Regions
- Eastern
- Northern
- Western
- Southern
Other Key Reports Available:
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- India LED Lighting market (2016-2026F)
