| Product Code: ETC4526845 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India energy efficient motor market import shipments exhibited a robust compound annual growth rate of 17.7% from 2020 to 2024. However, there was a slight decline in growth momentum with a -6.0% rate between 2023 and 2024. Overall, the market expanded significantly but showed signs of stabilization towards the end of the period.
The India energy-efficient motor market has gained importance as energy conservation and sustainability have become key priorities for industries and consumers. Energy-efficient motors are designed to reduce energy consumption and greenhouse gas emissions, making them an attractive choice for various applications. Government regulations and incentives for adopting energy-efficient technologies have played a significant role in promoting these motors. Industries in India are increasingly adopting energy-efficient motors to reduce operational costs and meet sustainability goals. Manufacturers are continually improving the efficiency and performance of these motors to align with the changing energy landscape of the country.
The India energy-efficient motor market is witnessing significant growth, primarily driven by the need to conserve energy and reduce electricity consumption. Energy-efficient motors are crucial in achieving these goals as they consume less power while delivering the same level of performance. The government`s initiatives to promote energy conservation, coupled with rising awareness about environmental sustainability, have significantly boosted the market. Industries and businesses in India are increasingly adopting energy-efficient motors to reduce operating costs and meet sustainability targets. Additionally, as the country`s industrial and commercial sectors continue to expand, the demand for these motors has grown. In a country with ambitious energy conservation goals, energy-efficient motors play a pivotal role in achieving these objectives while ensuring reliable and cost-effective operations.
Challenges involve developing energy-efficient motors that meet industrial requirements while reducing energy consumption and environmental impact. Compliance with energy efficiency standards is vital.
The COVID-19 pandemic significantly affected the energy-efficient motor market in India. With lockdowns and economic uncertainties, industrial production slowed down, leading to a decrease in demand for motors. However, there was a growing awareness of energy efficiency, and as industries sought to cut operational costs, the market for energy-efficient motors showed resilience. Government incentives and regulations promoting energy efficiency also played a role in the recovery of this market.
In the energy-efficient motor sector, notable companies are Siemens, ABB, WEG Electric, Nidec Corporation, and Toshiba.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Energy Efficient Motor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Energy Efficient Motor Market Revenues & Volume, 2021 & 2031F |
3.3 India Energy Efficient Motor Market - Industry Life Cycle |
3.4 India Energy Efficient Motor Market - Porter's Five Forces |
3.5 India Energy Efficient Motor Market Revenues & Volume Share, By Efficiency Level, 2021 & 2031F |
3.6 India Energy Efficient Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Energy Efficient Motor Market Revenues & Volume Share, By Power Output Rating, 2021 & 2031F |
3.8 India Energy Efficient Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 India Energy Efficient Motor Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.10 India Energy Efficient Motor Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
4 India Energy Efficient Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting energy efficiency in industries and infrastructure |
4.2.2 Increasing awareness about environmental sustainability and energy conservation |
4.2.3 Rising energy costs driving demand for energy-efficient solutions |
4.3 Market Restraints |
4.3.1 Higher initial cost of energy-efficient motors compared to traditional motors |
4.3.2 Lack of awareness and education about the benefits of energy-efficient motors |
4.3.3 Limited availability of skilled technicians for installation and maintenance |
5 India Energy Efficient Motor Market Trends |
6 India Energy Efficient Motor Market, By Types |
6.1 India Energy Efficient Motor Market, By Efficiency Level |
6.1.1 Overview and Analysis |
6.1.2 India Energy Efficient Motor Market Revenues & Volume, By Efficiency Level, 2021-2031F |
6.1.3 India Energy Efficient Motor Market Revenues & Volume, By IE1, 2021-2031F |
6.1.4 India Energy Efficient Motor Market Revenues & Volume, By IE2, 2021-2031F |
6.1.5 India Energy Efficient Motor Market Revenues & Volume, By IE3, 2021-2031F |
6.1.6 India Energy Efficient Motor Market Revenues & Volume, By IE4, 2021-2031F |
6.1.7 India Energy Efficient Motor Market Revenues & Volume, By IE5, 2021-2031F |
6.2 India Energy Efficient Motor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Energy Efficient Motor Market Revenues & Volume, By AC, 2021-2031F |
6.2.3 India Energy Efficient Motor Market Revenues & Volume, By DC, 2021-2031F |
6.3 India Energy Efficient Motor Market, By Power Output Rating |
6.3.1 Overview and Analysis |
6.3.2 India Energy Efficient Motor Market Revenues & Volume, By < 1 kW, 2021-2031F |
6.3.3 India Energy Efficient Motor Market Revenues & Volume, By 1 2.2 kW, 2021-2031F |
6.3.4 India Energy Efficient Motor Market Revenues & Volume, By 2.2 375 kW, 2021-2031F |
6.3.5 India Energy Efficient Motor Market Revenues & Volume, By > 375 kW, 2021-2031F |
6.4 India Energy Efficient Motor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Energy Efficient Motor Market Revenues & Volume, By HVAC, 2021-2031F |
6.4.3 India Energy Efficient Motor Market Revenues & Volume, By Pumps, 2021-2031F |
6.4.4 India Energy Efficient Motor Market Revenues & Volume, By Fans, 2021-2031F |
6.4.5 India Energy Efficient Motor Market Revenues & Volume, By Compressors, 2021-2031F |
6.4.6 India Energy Efficient Motor Market Revenues & Volume, By Refrigeration, 2021-2031F |
6.4.7 India Energy Efficient Motor Market Revenues & Volume, By Material Handling, 2021-2031F |
6.5 India Energy Efficient Motor Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 India Energy Efficient Motor Market Revenues & Volume, By Residential, 2021-2031F |
6.5.3 India Energy Efficient Motor Market Revenues & Volume, By Commercial, 2021-2031F |
6.5.4 India Energy Efficient Motor Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.5 India Energy Efficient Motor Market Revenues & Volume, By Automotive, 2021-2031F |
6.5.6 India Energy Efficient Motor Market Revenues & Volume, By Agriculture, 2021-2031F |
6.5.7 India Energy Efficient Motor Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.6 India Energy Efficient Motor Market, By Installation Type |
6.6.1 Overview and Analysis |
6.6.2 India Energy Efficient Motor Market Revenues & Volume, By Open Drip Proof (ODP) Motors, 2021-2031F |
6.6.3 India Energy Efficient Motor Market Revenues & Volume, By Totally Enclosed Fan Cooled (TEFC) Motors, 2021-2031F |
7 India Energy Efficient Motor Market Import-Export Trade Statistics |
7.1 India Energy Efficient Motor Market Export to Major Countries |
7.2 India Energy Efficient Motor Market Imports from Major Countries |
8 India Energy Efficient Motor Market Key Performance Indicators |
8.1 Energy savings achieved through the use of energy-efficient motors |
8.2 Number of energy audits conducted in industries and commercial buildings |
8.3 Adoption rate of energy-efficient motors in key industries |
8.4 Energy consumption reduction in manufacturing and infrastructure sectors |
8.5 Number of energy efficiency certifications obtained by motor manufacturers |
9 India Energy Efficient Motor Market - Opportunity Assessment |
9.1 India Energy Efficient Motor Market Opportunity Assessment, By Efficiency Level, 2021 & 2031F |
9.2 India Energy Efficient Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Energy Efficient Motor Market Opportunity Assessment, By Power Output Rating, 2021 & 2031F |
9.4 India Energy Efficient Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 India Energy Efficient Motor Market Opportunity Assessment, By End User, 2021 & 2031F |
9.6 India Energy Efficient Motor Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
10 India Energy Efficient Motor Market - Competitive Landscape |
10.1 India Energy Efficient Motor Market Revenue Share, By Companies, 2024 |
10.2 India Energy Efficient Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |