India Electric Motor Market was valued at US$ 1.15 Bn. in 2022. India Electric Motor Market size is estimated to grow at a CAGR of 17.45%.
India Electric Motor Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
India Electric Motor Market Overview:
The primary goal of this research is to assist the user in understanding the India Electric Motor Market in terms of definition, segmentation, market potential, significant trends, and the problems that the India Electric Motor industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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India Electric Motor Market Segmentation:
The utilization of rare earth magnets is becoming problematic in the current market environment, which is encouraging machine designers to develop novel ideas. Additionally, it reduces the need for rare earth magnets and increases demand for effective electric motors. Rare earth magnets electric motors face limitations, but even slight adjustments to the construction could significantly boost their economic advantages. In which innovative machine designs are anticipated to continue. In the Indian electric motor market, it is anticipated to emerge as a major trend.
According to the report, India’s industrial sector uses around 40% more electricity than the country as a whole. This accounts for more than 28% of all electricity used in the country. The National Motor Replacement Programme (NMRP) of EESL aims to increase the supply of high efficiency motors in India. More than 30 large enterprises have signed contracts with Energy Efficiency Services Limited to replace more than 1,200 inefficient motors, resulting in annual energy savings of 48,16,535 kWh and CO2 emission reductions of 4,240 tCO2.
1. India Electric Motor Market Size, by Motor Type (2022-2029)
• Alternating Current (AC) Motor
• Direct Current (DC) Motor
2. India Electric Motor Market Size, by Voltage (2022-2029)
• Low Voltage
• Medium Voltage
• High Voltage
3. India Electric Motor Market Size, by Power Capacity (2022-2029)
• Fractional Horsepower
• Integral Horsepower
India Electric Motor Market Size, by Applications (2022-2029)
• Industrial
• Commercial
• Residential
• Transportation And Agricultural
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India Electric Motor Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the India Electric Motor market are
1. ABB India Ltd.
2. Siemens India Ltd.
3. CG Power And Industrial Solutions Limited
4. Bharat Heavy Electricals Ltd.
5. Marathon Electric India
6. Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
7. WEG Industries (India) Pvt. Ltd.
8. Kirloskar Electric Company Ltd.
9. Hindustan Electric Motors
10. Bharat Electric Motors
11. Bharat Bijlee Limited
12. Fuji Electric India Pvt. Ltd.
13. Regal Beloit Corporation
14. WEG Industries (India) Pvt Ltd.
15. GE Power India Limited
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Regional Analysis:
The report focuses on Global Regions and Market Size of India Electric Motor, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on India Electric Motor Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the India Electric Motor industry in 2021.
Key Questions Answered in the India Electric Motor Market Report are:
- What is the function of India Electric Motor?
- What is the predicted revenue generation of the India Electric Motor market?
- At what growth rate is the India Electric Motor market evolving?
- Who are the major market giants operating in the India Electric Motor market?
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