| Product Code: ETC309024 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India turbine motors market import shipments experienced a significant decline with a CAGR of -50.6% from 2020 to 2024. The growth rate between 2023 and 2024 plummeted by -83.3%, indicating a sharp downturn in import volumes, suggesting a substantial contraction in the market over the period.
The India turbine motors market overview with numbers stands valued around USD 4 million in 2025 having registered steady growth rates since 2025 attributed primarily due robust application base extensively catering requirements posed respectively through many key industries including power generation plants both conventional & renewable energy sources , petrochemicals , oil refineries coupled with ever increasing demand witnessed across various manufacturing sectors influential among them being food processing units augmented all throughout via technological upgradations among others factors encouraging its prominence further on this account.
The India turbine motors market is experiencing growth as industries seek energy-efficient and sustainable power generation solutions. This market`s outlook is driven by factors such as the increasing demand for electricity in industrial, commercial, and residential sectors, the growth of renewable energy installations, and the adoption of turbine motors for their reliability and high-power generation capacity. Additionally, the development of advanced turbine technologies, such as gas turbines and wind turbines, and the rising focus on clean and green energy sources are further contributing to market growth. The market is also benefiting from government initiatives to promote renewable energy and reduce dependency on fossil fuels for power generation.
The India turbine motors market faces challenges related to grid integration and power distribution. While turbine motors are an attractive solution for decentralized power generation, integrating these small-scale power sources into the national grid can be complex. Grid management and stability issues may arise, and regulatory frameworks need to be adapted to accommodate decentralized power generation technologies.
The India turbine motors market is witnessing steady growth as industries seek energy-efficient and reliable turbine solutions. This market`s outlook is driven by factors such as the increasing demand for turbines in power generation, industrial processes, and transportation, the growth of renewable energy installations, and the adoption of turbine motors for their versatility and low emissions. Additionally, the development of gas and steam turbine technologies and the rising focus on clean energy and sustainability are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in industrial activities and supply chain challenges. However, it is expected to recover with the resumption of economic activities and the growing emphasis on clean and efficient power generation.
The India turbine motors market is experiencing growth as industries seek reliable and efficient power generation solutions. This market`s outlook is driven by factors such as the increasing demand for electricity in residential, commercial, and industrial sectors, the growth of renewable energy installations, and the adoption of turbine motors for their capacity to convert fluid energy into mechanical energy. Additionally, the development of high-efficiency and low-maintenance turbine motors and the rising focus on clean energy and sustainability are further contributing to market growth. Key players in the India turbine motors market include Siemens AG, General Electric Company, and Toshiba Corporation, among others.
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 Turbine Motors Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Turbine Motors Market Revenues & Volume, 2021 & 2031F |
3.3 India Turbine Motors Market - Industry Life Cycle |
3.4 India Turbine Motors Market - Porter's Five Forces |
3.5 India Turbine Motors Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.6 India Turbine Motors Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Turbine Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in India |
4.2.2 Government initiatives and policies promoting the adoption of wind and hydroelectric power |
4.2.3 Growth in industrial and infrastructure development driving the need for turbine motors |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with turbine motors |
4.3.2 Lack of skilled workforce and technical expertise in the installation and operation of turbine motors |
4.3.3 Challenges related to grid integration and transmission infrastructure |
5 India Turbine Motors Market Trends |
6 India Turbine Motors Market, By Types |
6.1 India Turbine Motors Market, By Phase |
6.1.1 Overview and Analysis |
6.1.2 India Turbine Motors Market Revenues & Volume, By Phase, 2021-2031F |
6.1.3 India Turbine Motors Market Revenues & Volume, By Single Phase, 2021-2031F |
6.1.4 India Turbine Motors Market Revenues & Volume, By Three Phase, 2021-2031F |
6.2 India Turbine Motors Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Turbine Motors Market Revenues & Volume, By Turbine, 2021-2031F |
6.2.3 India Turbine Motors Market Revenues & Volume, By Gas Turbine, 2021-2031F |
6.2.4 India Turbine Motors Market Revenues & Volume, By Hydro Turbine, 2021-2031F |
6.2.5 India Turbine Motors Market Revenues & Volume, By Steam Turbine, 2021-2031F |
7 India Turbine Motors Market Import-Export Trade Statistics |
7.1 India Turbine Motors Market Export to Major Countries |
7.2 India Turbine Motors Market Imports from Major Countries |
8 India Turbine Motors Market Key Performance Indicators |
8.1 Capacity utilization rate of turbine motors in India |
8.2 Growth rate of renewable energy installations in the country |
8.3 Percentage of energy generated from wind and hydroelectric sources in India |
8.4 Rate of adoption of advanced turbine motor technologies |
8.5 Number of regulatory approvals for new turbine motor projects |
9 India Turbine Motors Market - Opportunity Assessment |
9.1 India Turbine Motors Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.2 India Turbine Motors Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Turbine Motors Market - Competitive Landscape |
10.1 India Turbine Motors Market Revenue Share, By Companies, 2024 |
10.2 India Turbine Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |