PUBLISHER: IMARC | PRODUCT CODE: 1661223
PUBLISHER: IMARC | PRODUCT CODE: 1661223
The India induction motor market size was valued at USD 796.61 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,632.99 Million by 2033, exhibiting a CAGR of 7.89% from 2025-2033. The market is experiencing stable expansion, principally boosted by innovations in production technologies, amplifying industrial automation, and need for energy-saving solutions. The market is also aided by a notable emergence in infrastructure development and government ventures prompting promoting electrification. In addition, the utilization of smart motor systems is further improving market prospects.
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.
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.
The competitive landscape of the industry has also been examined along with the profiles of the key players.