India Electric Motor Market Outlook

According to the report by Expert Market Research (EMR), the India electric motor market size attained a value of INR 118.30 billion in 2024. Aided by the rapid industrialisation, growing adoption of electric vehicles (EVs), and increasing demand for energy-efficient solutions, the market is projected to further grow at a CAGR of 11% between 2025 and 2034 to reach a value of INR 302.60 billion by 2034.

Electric motors are essential components in various industries, including automotive, industrial machinery, HVAC systems, consumer appliances, and agriculture. They convert electrical energy into mechanical energy, providing efficient and reliable power solutions for a broad range of applications. The growing emphasis on sustainability and the push for energy-efficient technologies have further strengthened the demand for electric motors in India.

Key Drivers of the Market

The rising industrialisation and urbanisation in India are among the key factors driving the India electric motor market. The expanding manufacturing sector, coupled with government initiatives such as ‘Make in India’ and the Production Linked Incentive (PLI) schemes, has boosted the demand for electric motors in various industrial applications. Additionally, the rapid expansion of infrastructure projects, including metro rail networks and smart city developments, is contributing to the growth of the market.

The increasing adoption of electric vehicles (EVs) in India is another significant factor propelling market expansion. With government incentives and policies, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, the demand for electric motors in EVs is witnessing substantial growth. As the automotive sector shifts towards electrification, the demand for high-efficiency motors with improved performance is expected to surge.

Energy efficiency remains a primary concern across industries, prompting the adoption of electric motors with higher efficiency ratings. The implementation of stringent energy efficiency standards by regulatory bodies, such as the Bureau of Energy Efficiency (BEE), is encouraging industries to invest in energy-saving motors. The demand for IE2, IE3, and IE4-rated electric motors is increasing as companies strive to reduce operational costs and meet environmental sustainability targets.

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Trends Shaping the India Electric Motor Market

The rising focus on renewable energy and smart grid technology is influencing the India electric motor market. The integration of electric motors with solar and wind energy systems is gaining traction as India progresses towards clean energy solutions. Additionally, advancements in motor technologies, such as the development of brushless DC (BLDC) motors and permanent magnet synchronous motors (PMSM), are improving motor efficiency and performance.

The proliferation of smart motors equipped with IoT and AI-driven technologies is another emerging trend. These motors provide real-time monitoring, predictive maintenance, and remote operation capabilities, enhancing efficiency and reducing downtime in industrial settings. As industries embrace digital transformation, the adoption of smart electric motors is expected to rise.

Furthermore, the government’s emphasis on electrification in rural areas and agricultural mechanisation is driving the demand for electric motors in water pumps, irrigation systems, and other farming equipment. With increasing investments in rural development, the penetration of electric motors in the agriculture sector is set to expand.

India Electric Motor Market Segmentation

The market can be divided based on by type, by voltage, rated power, weight, by speed, by magnet type, application, end–use and region.

Breakup by Type

• AC
• DC
• Others

Breakup by Voltage

• Low Voltage
• Medium Voltage
• High Voltage

Breakup by Rated Power

• Fractional Horsepower Motors
• Integral Horsepower Motors

Breakup by Weight

• Low
• Medium
• High

Breakup by Speed

• Low Speed
• Medium Speed
• High Speed
• Ultra-High Speed

Breakup by Magnet Type

• Ferrite
• Neodymium (NdFeB)
• Samarium Cobalt (SmCo5 and Sm2Co17)

Breakup by Application

• Fans
• Pumps
• Compressors
• Mechanical Movement
• Others

Breakup by End Use

• Residential
• Commercial
• Industrial
• Transportation
• Others

Breakup by Region

• North
• South
• East
• West

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

• 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

Challenges in the Market

Despite the positive outlook, the India electric motor market faces certain challenges. The high initial investment costs associated with energy-efficient motors may hinder adoption, particularly among small and medium-sized enterprises (SMEs). Additionally, supply chain disruptions and fluctuations in raw material prices, including copper and aluminium, can impact the pricing and availability of electric motors.

The lack of standardisation in motor efficiency ratings and the presence of counterfeit products in the market pose challenges to quality control and performance consistency. However, ongoing regulatory initiatives aimed at enforcing stringent quality standards are expected to mitigate these concerns in the coming years.

Future Outlook

The India electric motor market is poised for significant growth in the coming decade, driven by advancements in energy-efficient technologies, the transition to electric mobility, and expanding industrial infrastructure. Government policies supporting sustainable development, coupled with the increasing demand for automation across industries, will further boost the market.

As India continues to focus on reducing carbon emissions and enhancing energy efficiency, the adoption of electric motors with advanced features and smart capabilities is expected to rise. The ongoing developments in renewable energy integration, digitalisation, and industrial automation will shape the future trajectory of the India electric motor market, making it a key contributor to the country’s economic and technological progress.