PUBLISHER: IMARC | PRODUCT CODE: 1468581
PUBLISHER: IMARC | PRODUCT CODE: 1468581
India Induction Motor Market Report by Product Type (Three Phase Induction Motor, Single Phase Induction Motor), End Use Sector (Industrial, Commercial, Residential), and Region 2024-2032
The India induction motor market size reached US$ 735.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,540.3 Million by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.
An induction motor, also known as an asynchronous motor, is a type of AC electric motor that uses the stator winding's magnetic field to produce an electric current in rotors. Induction motors are usually of two types, namely single-phase and three-phase. The single-phase induction motor is not self-starting, whereas the three-phase induction motors are self-starting and are the most widely used type of induction motors.
India Induction Motor Market Trends:
The India induction motor market is primarily driven by the rising demand for consumer electronics, such as air conditioners, washing machines, dishwashers and hair dryers. Furthermore, induction motors offer various advantages, including the ease of operation in different environmental conditions, high starting torque, speed variation, and durability. These favorable characteristics, in turn, are bolstering the growth of the market. Moreover, government initiatives, like "Make in India," are encouraging manufacturers to adopt automation across various industries and focus on improving the mechanisms of industrial equipment. The Government has also implemented stringent policies to reduce carbon footprints, which have increased the sales of induction motors as they represent a better alternative and consume significantly lesser energy compared to conventional motors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India induction motor market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on product type and end use sector.
Breakup by Product Type:
Three Phase Induction Motor
Single Phase Induction Motor
Breakup by End Use Sector:
Industrial
Commercial
Residential
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report
- 1. How big is the India induction motor market?
- 2. What is the expected growth rate of the India induction motor market during 2024-2032?
- 3. What are the key factors driving the India induction motor market?
- 4. What has been the impact of COVID-19 on the India induction motor market?
- 5. What is the breakup of the India induction motor market based on the product type?
- 6. What is the breakup of the India induction motor market based on the end use sector?
- 7. What are the key regions in the India induction motor market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 India Induction Motor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Single Phase Induction Motor
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Three Phase Induction Motor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by End Use Sector
- 7.1 Industrial
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Residential
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North India
- 8.1.1 Market Trends
- 8.1.2 Market Breakup by State
- 8.1.3 Market Forecast
- 8.2 West and Central India
- 8.2.1 Market Trends
- 8.2.2 Market Breakup by State
- 8.2.3 Market Forecast
- 8.3 South India
- 8.3.1 Market Trends
- 8.3.2 Market Breakup by State
- 8.3.3 Market Forecast
- 8.4 East India
- 8.4.1 Market Trends
- 8.4.2 Market Breakup by State
- 8.4.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Policy and Regulatory Landscape
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
List of Figures
- Figure 1: India: Induction Motor Market: Major Drivers and Challenges
- Figure 2: India: Induction Motor Market: Sales Value (in Million US$), 2018-2023
- Figure 3: India: Induction Motor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: India: Induction Motor Market: Breakup by Product Type (in %), 2023
- Figure 5: India: Induction Motor Market: Breakup by End Use Sector (in %), 2023
- Figure 6: India: Induction Motor Market: Breakup by Region (in %), 2023
- Figure 7: India: Induction Motor (Single Phase Induction Motor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: India: Induction Motor (Single Phase Induction Motor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: India: Induction Motor (Three Phase Induction Motor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: India: Induction Motor (Three Phase Induction Motor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: India: Induction Motor (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: India: Induction Motor (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: India: Induction Motor (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: India: Induction Motor (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: India: Induction Motor (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: India: Induction Motor (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: North India: Induction Motor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: North India: Induction Motor Market: Breakup by State (in %), 2023
- Figure 19: North India: Induction Motor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: West and Central India: Induction Motor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: West and Central India: Induction Motor Market: Breakup by State (in %), 2023
- Figure 22: West and Central India: Induction Motor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: South India: Induction Motor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: South India: Induction Motor Market: Breakup by State (in %), 2023
- Figure 25: South India: Induction Motor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: East India: Induction Motor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: East India: Induction Motor Market: Breakup by State (in %), 2023
- Figure 28: East India: Induction Motor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: India: Induction Motor Industry: SWOT Analysis
- Figure 30: India: Induction Motor Industry: Value Chain Analysis
- Figure 31: India: Induction Motor Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: India: Induction Motor Market: Key Industry Highlights, 2023 and 2032
- Table 2: India: Induction Motor Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: India: Induction Motor Market Forecast: Breakup by End Use Sector (in Million US$), 2024-2032
- Table 4: India: Induction Motor Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: India: Induction Motor Market: Competitive Structure
- Table 6: India: Induction Motor Market: Key Players
