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India Electric Motor Market: By Type: AC, DC, Others; By Voltage; By Rated Power: Fractional Horsepower, Integral Horsepower Motors; By Weight; By Speed; By Magnet Type; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Electric Motor Market Outlook

The India electric motor market reached a value of about INR 86.5 billion in the 2018-2019 period. The market is further expected to grow at a CAGR of 11% in the forecast period of 2020-2025. 

The India electric motor market is supported by the rising construction activities within the country. Gujarat, Maharashtra, and Madhya Pradesh are the major markets for electric motor in the country. These states have played a crucial role in generating revenues in the market. The market is further invigorated by the rising number of government initiatives such as Green Energy Corridor in Gujarat, Maharashtra, and Madhya Pradesh in the forecast period. 

 

Properties and Applications

Electric motors are referred to as electro-mechanical devices, which operate on the principle of electromagnetic induction. They are highly efficient, durable, require low maintenance, use less energy, and can withstand extreme fluctuating voltages. In addition to this, electric motors cost significantly lower than a fossil-fuel engine.

The market is segmented based on type into:

  • AC
  • DC
  • Others

AC, on the basis of type, is divided into induction AC motors, and synchronous AC motors, whereas DC is divided on the basis of type into brushed DC motors and brushless DC motors. Based on voltage, the industry is categorised into low voltage, medium voltage, and high voltage.

Based on rated power, the industry is divided into fractional horsepower motors and integral horsepower motors. Based on weight, the industry is divided into low, medium, and high. Based on speed, the industry is segmented into low speed, medium speed, high speed, and ultra-high speed. On the basis of magnet type, the industry is segmented into ferrite, neodymium (NdFeB), and samarium cobalt (SmCo5 and Sm2Co17). 

Based on application, the industry is divided into:

  • Fans
  • Pumps
  • Compressors
  • Mechanical Movement
  • Others

On the basis of end-use, the industry is categorised into:

  • Residential
  • Commercial
  • Industrial
  • Transportation
  • Others

The regional markets for the product include North, South, East, and West India. 

 

Market Analysis

The India electric motor market is driven by the rising use of the product in the various industries. The market is further propelled forward by the rising construction activities across the country. Moreover, trending government focus towards adopting energy-efficient motors is aiding the market growth. The market is gaining momentum owing to the rising population in the tier II and tier III cities and rapid urbanisation. The government of India plays a significant role in the expansion of this market, by introducing initiatives, such as Make in India, Smart City Mission, AMRUT, affordable housing, and others. This is expected to promote the electric motor market growth in India in the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the India electric motor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Hindustan Electric Motors
  • ABB India Limited
  • Siemens Limited
  • Bharat Heavy Electricals Ltd (BHEL)
  • Kirloskar Electric Company
  • Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
  • Marathon Electric India
  • Bharat Electric Motors
  • Bharat Bijlee Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    India Electric Motor Market Snapshot
7    Industry Opportunities and Challenges
8    India Electric Motor Market Analysis

    8.1    Key Industry Highlights
    8.2    India Electric Motor Historical Market (2015-2019) 
    8.3    India Electric Motor Market Forecast (2020-2025)
    8.4    India Electric Motor Market by Type
        8.4.1    AC
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Induction AC Motors
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2015-2019)
                    8.4.1.4.1.3    Forecast Trend (2020-2025)
                8.4.1.4.2    Synchronous AC Motors
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2015-2019)
                    8.4.1.4.2.3    Forecast Trend (2020-2025)
        8.4.2    DC
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Brushed DC Motors
                    8.4.2.4.1.1    Market Share
                    8.4.2.4.1.2    Historical Trend (2015-2019)
                    8.4.2.4.1.3    Forecast Trend (2020-2025)
                8.4.2.4.2    Brushless DC Motors
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2015-2019)
                    8.4.2.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Others
    8.5    India Electric Motor Market by Voltage
        8.5.1    Low Voltage
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Medium Voltage
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    High Voltage
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
    8.6    India Electric Motor Market by Rated Power
        8.6.1    Fractional Horsepower Motors
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Integral Horsepower Motors
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
    8.7    India Electric Motor Market by Weight
        8.7.1    Low
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Medium
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
        8.7.3    High
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2015-2019)
            8.7.3.3    Forecast Trend (2020-2025)
    8.8    India Electric Motor Market by Speed
        8.8.1    Low Speed
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2015-2019)
            8.8.1.3    Forecast Trend (2020-2025)
        8.8.2    Medium Speed
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2015-2019)
            8.8.2.3    Forecast Trend (2020-2025)
        8.8.3    High Speed
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2015-2019)
            8.8.3.3    Forecast Trend (2020-2025)
        8.8.4    Ultra-High Speed
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2015-2019)
            8.8.4.3    Forecast Trend (2020-2025)
    8.9    India Electric Motor Market by Magnet Type
        8.9.1    Ferrite
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2015-2019)
            8.9.1.3    Forecast Trend (2020-2025)
        8.9.2    Neodymium (NdFeB)
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2015-2019)
            8.9.2.3    Forecast Trend (2020-2025)
        8.9.3    Samarium Cobalt (SmCo5 and Sm2Co17)
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2015-2019)
            8.9.3.3    Forecast Trend (2020-2025)
    8.10    India Electric Motor Market by Application
        8.10.1    Fans
            8.10.1.1    Market Share
            8.10.1.2    Historical Trend (2015-2019)
            8.10.1.3    Forecast Trend (2020-2025)
        8.10.2    Pumps
            8.10.2.1    Market Share
            8.10.2.2    Historical Trend (2015-2019)
            8.10.2.3    Forecast Trend (2020-2025)
        8.10.3    Compressors
            8.10.3.1    Market Share
            8.10.3.2    Historical Trend (2015-2019)
            8.10.3.3    Forecast Trend (2020-2025)
        8.10.4    Mechanical Movement
            8.10.4.1    Market Share
            8.10.4.2    Historical Trend (2015-2019)
            8.10.4.3    Forecast Trend (2020-2025)
        8.10.5    Others
    8.11    India Electric Motor Market by End Use
        8.11.1    Residential
            8.11.1.1    Market Share
            8.11.1.2    Historical Trend (2015-2019)
            8.11.1.3    Forecast Trend (2020-2025)
        8.11.2    Commercial
            8.11.2.1    Market Share
            8.11.2.2    Historical Trend (2015-2019)
            8.11.2.3    Forecast Trend (2020-2025)
        8.11.3    Industrial
            8.11.3.1    Market Share
            8.11.3.2    Historical Trend (2015-2019)
            8.11.3.3    Forecast Trend (2020-2025)
        8.11.4    Transportation
            8.11.4.1    Market Share
            8.11.4.2    Historical Trend (2015-2019)
            8.11.4.3    Forecast Trend (2020-2025)
        8.11.5    Others
    8.12    India Electric Motor Market by Region
        8.12.1    Market Share 
            8.12.1.1    North
            8.12.1.2    South
            8.12.1.3    East
            8.12.1.4    West
9    Regional Analysis
    9.1    North
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
    9.2    South
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
    9.3    East
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
    9.4    West
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Policy and Regulatory Landscape
14    Indian Market Competitive Landscape

    14.1    Market Structure
    14.2    Key Players' Market Share
    14.3    Company Profiles
        14.3.1    Hindustan Electric Motors
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Financial Summary
            14.3.1.5    Certifications
        14.3.2    ABB India Limited
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Financial Summary
            14.3.2.5    Certifications
        14.3.3    Siemens Limited
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Financial Summary
            14.3.3.5    Certifications
        14.3.4    Bharat Heavy Electricals Ltd (BHEL)
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Financial Summary
            14.3.4.5    Certifications
        14.3.5    Kirloskar Electric Company
            14.3.5.1    Company Overview
            14.3.5.2    Product Portfolio
            14.3.5.3    Demographic Reach and Achievements
            14.3.5.4    Financial Summary
            14.3.5.5    Certifications
        14.3.6    Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
            14.3.6.1    Company Overview
            14.3.6.2    Product Portfolio
            14.3.6.3    Demographic Reach and Achievements
            14.3.6.4    Financial Summary
            14.3.6.5    Certifications
        14.3.7    Marathon Electric India
            14.3.7.1    Company Overview
            14.3.7.2    Product Portfolio
            14.3.7.3    Demographic Reach and Achievements
            14.3.7.4    Financial Summary
            14.3.7.5    Certifications
        14.3.8    Bharat Electric Motors
            14.3.8.1    Company Overview
            14.3.8.2    Product Portfolio
            14.3.8.3    Demographic Reach and Achievements
            14.3.8.4    Financial Summary
            14.3.8.5    Certifications
        14.3.9    Bharat Bijlee Limited
            14.3.9.1    Company Overview
            14.3.9.2    Product Portfolio
            14.3.9.3    Demographic Reach and Achievements
            14.3.9.4    Financial Summary
            14.3.9.5    Certifications
        14.3.10    Others
15    Industry Events and Developments


List of Figures and Tables

1.    India Electric Motor Market: Key Industry Highlights, 2015 and 2025
2.    India Electric Motor Historical Market: Breakup by Type (INR Billion), 2015-2019
3.    India Electric Motor Market Forecast: Breakup by Type (INR Billion), 2020-2025
4.    India Electric Motor Historical Market: Breakup by Voltage (INR Billion), 2015-2019
5.    India Electric Motor Market Forecast: Breakup by Voltage (INR Billion), 2020-2025
6.    India Electric Motor Historical Market: Breakup by Rated Power (INR Billion), 2015-2019
7.    India Electric Motor Market Forecast: Breakup by Rated Power (INR Billion), 2020-2025
8.    India Electric Motor Historical Market: Breakup by Weight (INR Billion), 2015-2019
9.    India Electric Motor Market Forecast: Breakup by Weight (INR Billion), 2020-2025
10.    India Electric Motor Historical Market: Breakup by Speed (INR Billion), 2015-2019
11.    India Electric Motor Market Forecast: Breakup by Speed (INR Billion), 2020-2025
12.    India Electric Motor Historical Market: Breakup by Magnet Type (INR Billion), 2015-2019
13.    India Electric Motor Market Forecast: Breakup by Magnet Type (INR Billion), 2020-2025
14.    India Electric Motor Historical Market: Breakup by Application (INR Billion), 2015-2019
15.    India Electric Motor Market Forecast: Breakup by Application (INR Billion), 2020-2025
16.    India Electric Motor Historical Market: Breakup by End Use (INR Billion), 2015-2019
17.    India Electric Motor Market Forecast: Breakup by End Use (INR Billion), 2020-2025
18.    India Electric Motor Historical Market: Breakup by Region (INR Billion), 2015-2019
19.    India Electric Motor Market Forecast: Breakup by Region (INR Billion), 2020-2025
20.    India Electric Motor Market Structure

Key Questions Answered in the Report

In the 2018-2019 period, the India electric motor market attained a value of nearly INR 86.5 billion. 

The market is projected to grow at a CAGR of 11% between 2020 and 2025.

The major drivers of the industry, such as the rising construction activities, increasing use of the product in the various industries, rising disposable incomes, increasing population, and growing technological advancements, are expected to aid the market growth.

The key market trend guiding the growth of the electric motor market includes the government shift in focus towards adopting energy-efficient motors.

The major regions in the industry are North, South, East, and West.

The major types of India electric motor in the industry are AC, DC, and others.

The significant voltage segments in the industry are low voltage, medium voltage, and high voltage.

The significant rated powers in the industry are fractional horsepower motors and integral horsepower motors.

The major weight segments in the market are low, medium, and high.

The major weight segments in the market are low, medium, and high.

The leading magnet types of India electric motor are ferrite, neodymium (NdFeB), and samarium cobalt (SmCo5 and Sm2Co17).  

The major applications of the product include fans, pumps, compressors, and mechanical movement, among others.

The major end uses of the product are residential, commercial, industrial, and transportation, among others.

The major players in the industry are Hindustan Electric Motors, ABB India Limited, Siemens Limited, Bharat Heavy Electricals Ltd (BHEL), Kirloskar Electric Company, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), Marathon Electric India, Bharat Electric Motors, and Bharat Bijlee Limited, among others.

Analyst Review

The India electric motor market attained a value of INR 86.5 billion in 2019, driven by the rising construction activities. Aided by the government initiatives, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 11%. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the India electric motor market can be segmented into AC, DC, and others. On the basis of voltages, the industry is categorised into low voltage, medium voltage, and high voltage. Based on rated powers, the industry is bifurcated into fractional horsepower motors and integral horsepower motors. On the basis of weight, the industry is segregated into low, medium, and high. Based on speeds, the industry is divided into low speed, medium speed, high speed, and ultra-high speed. On the basis of magnet types, the industry is segmented into ferrite, neodymium (NdFeB), and samarium cobalt (SmCo5 and Sm2Co17). Based on applications, the industry is divided into fans, pumps, compressors, and mechanical movement, among others. On the basis of end uses, the industry is segmented into residential, commercial, industrial, transportation, and others. The major regional markets for electric motor in India are North, South, West, and East India. The key players in the above market include Hindustan Electric Motors, ABB India Limited, Siemens Limited, Bharat Heavy Electricals Ltd (BHEL), Kirloskar Electric Company, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), Marathon Electric India, Bharat Electric Motors, Bharat Bijlee Limited, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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