Product Code: ETC4530085 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India synchronous motors market import shipments exhibited strong growth with a CAGR of 17.7% from 2020 to 2024. However, there was a slight decline in growth rate between 2023 and 2024 at -6.0%. Overall, the market expanded significantly with some signs of stabilization towards the end of the period.
Synchronous motors are important for applications requiring precise control and high efficiency, such as in robotics and industrial machinery. The market in India is expanding with the increasing adoption of synchronous motors in various industries.
The India synchronous motors market is being propelled by the growing industrial and automation sectors. These motors are known for their efficiency and precise control, making them indispensable in various industries. With the increasing focus on energy conservation and the need for high-precision machinery, synchronous motors have found extensive use in applications such as robotics, conveyors, and CNC machines. Additionally, the rising demand for electric vehicles is boosting the market, as synchronous motors are used in EV propulsion systems.
The synchronous motors market in India faces multiple challenges in terms of providing efficient and high-performance motors for various industrial applications. One of the significant hurdles is the need to address power quality issues, as synchronous motors are sensitive to voltage and frequency fluctuations. Moreover, achieving energy efficiency and complying with stringent energy regulations is essential, making it necessary for manufacturers to invest in advanced motor control technologies. Another challenge is the cost associated with synchronous motors, which can be a significant barrier for widespread adoption, especially among small and medium-sized enterprises.
The demand for synchronous motors may have been influenced by disruptions in manufacturing and industrial activities. Investment in new machinery and equipment might have been delayed. However, as industries recover and modernize, there could be a resurgence in the market.
Key players in the Synchronous Motors market in India include ABB, Siemens, General Electric, and Toshiba Corporation.
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 Synchronous Motors Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Synchronous Motors Market Revenues & Volume, 2021 & 2031F |
3.3 India Synchronous Motors Market - Industry Life Cycle |
3.4 India Synchronous Motors Market - Porter's Five Forces |
3.5 India Synchronous Motors Market Revenues & Volume Share, By Mount Type, 2021 & 2031F |
3.6 India Synchronous Motors Market Revenues & Volume Share, By Voltage Class, 2021 & 2031F |
3.7 India Synchronous Motors Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Synchronous Motors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Synchronous Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in India leading to higher demand for synchronous motors. |
4.2.2 Growing adoption of energy-efficient motors to reduce operational costs and comply with regulations. |
4.2.3 Technological advancements in synchronous motors improving performance and reliability. |
4.3 Market Restraints |
4.3.1 High initial investment required for synchronous motors compared to induction motors. |
4.3.2 Lack of awareness and understanding about the benefits of synchronous motors among end-users. |
4.3.3 Availability of alternative motor technologies that may offer competitive advantages. |
5 India Synchronous Motors Market Trends |
6 India Synchronous Motors Market, By Types |
6.1 India Synchronous Motors Market, By Mount Type |
6.1.1 Overview and Analysis |
6.1.2 India Synchronous Motors Market Revenues & Volume, By Mount Type, 2021-2031F |
6.1.3 India Synchronous Motors Market Revenues & Volume, By Horizontal Mounting Synchronous Motor, 2021-2031F |
6.1.4 India Synchronous Motors Market Revenues & Volume, By Vertical Mounting Synchronous Motor, 2021-2031F |
6.2 India Synchronous Motors Market, By Voltage Class |
6.2.1 Overview and Analysis |
6.2.2 India Synchronous Motors Market Revenues & Volume, By Medium Voltage, 2021-2031F |
6.2.3 India Synchronous Motors Market Revenues & Volume, By Low Voltage, 2021-2031F |
6.3 India Synchronous Motors Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Synchronous Motors Market Revenues & Volume, By Compressors, 2021-2031F |
6.3.3 India Synchronous Motors Market Revenues & Volume, By Pumps, 2021-2031F |
6.3.4 India Synchronous Motors Market Revenues & Volume, By Fans, 2021-2031F |
6.3.5 India Synchronous Motors Market Revenues & Volume, By Extruders, 2021-2031F |
6.3.6 India Synchronous Motors Market Revenues & Volume, By Mixers, 2021-2031F |
6.3.7 India Synchronous Motors Market Revenues & Volume, By Others, 2021-2031F |
6.4 India Synchronous Motors Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 India Synchronous Motors Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.3 India Synchronous Motors Market Revenues & Volume, By Chemicals & Petrochemicals, 2021-2031F |
6.4.4 India Synchronous Motors Market Revenues & Volume, By Mining, 2021-2031F |
6.4.5 India Synchronous Motors Market Revenues & Volume, By Metals, 2021-2031F |
6.4.6 India Synchronous Motors Market Revenues & Volume, By Others, 2021-2031F |
7 India Synchronous Motors Market Import-Export Trade Statistics |
7.1 India Synchronous Motors Market Export to Major Countries |
7.2 India Synchronous Motors Market Imports from Major Countries |
8 India Synchronous Motors Market Key Performance Indicators |
8.1 Energy efficiency improvement rate of synchronous motors. |
8.2 Adoption rate of synchronous motors in key industries such as manufacturing, automotive, and renewable energy. |
8.3 Average maintenance cost savings achieved by switching to synchronous motors. |
9 India Synchronous Motors Market - Opportunity Assessment |
9.1 India Synchronous Motors Market Opportunity Assessment, By Mount Type, 2021 & 2031F |
9.2 India Synchronous Motors Market Opportunity Assessment, By Voltage Class, 2021 & 2031F |
9.3 India Synchronous Motors Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Synchronous Motors Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Synchronous Motors Market - Competitive Landscape |
10.1 India Synchronous Motors Market Revenue Share, By Companies, 2024 |
10.2 India Synchronous Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |