India Electric Motor Market Outlook

The India electric motor market size is experiencing substantial growth, driven by various factors such as increasing industrialisation, rising demand for energy-efficient solutions, and government initiatives aimed at reducing carbon emissions. According to the report by Expert Market Research (EMR), the Indian electric motor market attained a value of INR 118.30 billion in 2024. The market is further expected to grow at a CAGR of 11% in the forecast period of 2025-2034 to attain INR 302.60 billion by 2034. The market is being propelled by the growing adoption of electric motors across various sectors, including manufacturing, automotive, agriculture, and HVAC (heating, ventilation, and air conditioning), coupled with the increasing need for automation and energy efficiency.

Electric motors are integral components in numerous applications, and their demand has been significantly influenced by the rise of electric vehicles (EVs), the push for renewable energy, and the increasing importance of reducing environmental footprints. The demand for electric motors in India is further boosted by the nation's expanding manufacturing sector, with electric motors playing a key role in driving productivity across industries. The increasing focus on automation within industrial plants, as well as the adoption of smart technologies in residential and commercial buildings, is contributing to the growth of the market.

The government’s commitment to sustainability and energy efficiency, along with initiatives such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme and the Make in India program, has created a favorable environment for the growth of the electric motor industry. Additionally, the country’s ambitious plans to increase the adoption of renewable energy sources have further spurred the demand for electric motors, as they are essential in applications related to wind turbines, solar power systems, and other green technologies.

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India Electric Motor Market Share

The India electric motor market is witnessing consistent growth, with major contributions from industries such as manufacturing, transportation, agriculture, and energy. The market is segmented based on type, end-user industry, and application. In terms of type, the market is divided into AC motors, DC motors, and hermetic motors, with AC motors holding the largest share due to their widespread use in industrial, commercial, and residential applications. AC motors, particularly induction motors, are used extensively in applications such as pumps, fans, compressors, and conveyor systems.

The industrial sector dominates the demand for electric motors in India, accounting for a significant share of the market. Within the industrial sector, the demand for electric motors is particularly high in manufacturing, where automation is key to improving efficiency and productivity. The automotive industry is also a major driver of growth, particularly with the rise in demand for electric vehicles. The demand for electric motors in the automotive sector is expected to increase significantly as India moves toward a more sustainable, electric-driven transport system.

Agriculture, which has been a historically important sector in India, also contributes to the electric motor market, with motors used for irrigation pumps, water lifting, and other agricultural machinery. Furthermore, the increasing use of electric motors in HVAC systems for residential and commercial buildings, along with the expanding infrastructure and construction sectors, further enhances the market’s potential.

Drivers of Growth

The growth of the India electric motor market can be attributed to several key factors. One of the primary drivers is the increasing adoption of electric vehicles (EVs). As India looks to reduce its reliance on fossil fuels and mitigate the impact of air pollution, the government has introduced various schemes and incentives to promote the use of EVs. This has, in turn, stimulated the demand for electric motors, as they are an essential component of electric vehicles. The Indian government has set ambitious targets to increase the share of electric vehicles in the overall automotive sales, which is expected to significantly drive the demand for electric motors in the coming years.

Another significant driver is the push for energy efficiency and sustainability. With a growing emphasis on reducing carbon emissions, both businesses and governments are turning to electric motors as part of their efforts to adopt more energy-efficient technologies. Electric motors are essential in the adoption of renewable energy sources such as wind and solar power. In wind energy applications, electric motors are used in turbines to generate electricity, while in solar power, motors are used in tracking systems to optimize the angle of the solar panels. As the Indian government continues to promote the use of renewable energy, the demand for electric motors will only grow.

The industrial sector is another major driver of growth, as India continues to witness rapid industrialisation and urbanisation. The rise of automation and the need for higher efficiency in industrial plants is pushing companies to integrate more advanced electric motors into their operations. Motors are increasingly used in conveyor belts, compressors, lifts, escalators, and other machinery, making them indispensable to modern industrial processes. This trend is further reinforced by the government’s ‘Make in India’ initiative, which aims to boost domestic manufacturing and improve India’s industrial infrastructure.

India Electric Motor Market Trends

There are several prominent trends shaping the India electric motor market. One of the most notable trends is the increasing adoption of energy-efficient and smart electric motors. As industries seek to reduce energy consumption and operational costs, there is a growing demand for electric motors that are both energy-efficient and equipped with advanced controls. The use of Variable Frequency Drives (VFDs) to optimize motor performance and energy use is becoming increasingly common, especially in industries that operate machinery and equipment continuously.

Another key trend is the growing preference for automation in industrial processes. Electric motors play a crucial role in the automation of manufacturing, logistics, and other industrial operations. Industries such as automotive, textiles, and food processing are adopting automated systems that rely heavily on electric motors for their smooth functioning. Automation not only improves productivity but also reduces the risk of human error, leading to cost savings and more consistent product quality.

Additionally, there is a rising trend towards the development of more compact, high-performance electric motors. Advances in motor design, materials, and technologies have led to the creation of smaller motors that deliver higher torque and efficiency. These compact motors are being used in applications such as robotics, drones, and other IoT (Internet of Things)-enabled devices, where space constraints are a key consideration.

Furthermore, the growing interest in electric mobility has given rise to a trend of motor manufacturers focusing on the development of high-efficiency motors specifically designed for electric vehicles. As the EV market grows in India, manufacturers are increasingly investing in R&D to develop motors that are not only efficient but also lightweight, durable, and capable of providing longer ranges for EVs.

India Electric Motor Market Segmentation 

The market can be divided based on Type, Voltage, Rated Power, Weight, Speed, 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

Market Breakup by Region

• North 
• South
• East
• West

Challenges and Opportunities

While the India electric motor market presents significant opportunities, there are several challenges that need to be addressed. One of the primary challenges is the high cost of electric motor technology. Although electric motors are becoming more affordable, the upfront costs of advanced motors with higher energy efficiency can still be a barrier, particularly for smaller businesses. To overcome this, manufacturers and policymakers need to focus on reducing costs through innovation, economies of scale, and government incentives.

Another challenge is the lack of skilled labor in the field of electric motor manufacturing and maintenance. The rapid adoption of advanced motor technologies requires a skilled workforce capable of designing, installing, and maintaining these motors. Therefore, the industry must invest in workforce training and education to ensure that India has the necessary talent to support the growing demand for electric motors.

Despite these challenges, there are numerous opportunities for growth. The government’s focus on renewable energy and the growing push for electric vehicles present significant opportunities for the electric motor market. As India’s infrastructure continues to develop and industries continue to embrace automation and energy efficiency, the demand for electric motors will only increase. Additionally, with the rise of the Internet of Things (IoT) and Industry 4.0, there will be an increasing need for advanced electric motors in smart manufacturing and connected systems.

Competitive Landscape

• 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

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