DUBLIN--(BUSINESS WIRE)--The "India Electric Motors Market (2017-2023): Market Forecast By Type, By Voltage , By Power Capacity (Fractional Horsepower (FHP) and Integral Horsepower (IHP)), By Applications By Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
India electric motors market is projected to grow at a CAGR over 6% during 2017-2023
AC motors segment captured majority of the revenue share in 2016 and are projected to dominate during the forecast period. Among voltage levels, low voltage motors segment bagged highest revenue share in 2016, however, with growing usage in industrial segment, medium voltage is projected to exhibit highest growth over the coming years.
Rising awareness towards energy conservation coupled with growing industrial infrastructure are driving the growth of electric motors market in India. Energy efficient motors are less power consuming than the traditional ones and as a result they are gaining wide adoption in India's electric motors market Additionally, motor manufacturers are continuously coming-up with advanced motor technologies to satisfy consumer demand. Moreover, certain key government initiatives such as 100% electrification of vehicles is anticipated to complement the growth of electric motors market over the coming years.
Electric motors are equipped across all the segments, industrial segment recorded above 50% revenue share in 2016. Further, growing adoption of electric vehicles are likely to assist largely towards electric motors market growth over the coming years. The segment is anticipated to display highest growth during 2017-23.
The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
- Variable Voltage Variable Frequency
- Energy Efficient Motors
- Smoke-spill Motors
The report provides detailed analysis of the following market segments:
- AC Motors
- DC Motors
- Low Voltage
- Medium Voltage
- High Voltage
By Power Capacity:
- Fractional Horsepower (FHP)
- Integral Horsepower (IHP)
- ABB India Ltd.
- Siemens India Ltd.
- CG Power And Industrial Solutions Limited
- Bharat Heavy Electricals Ltd.
- Marathon Electric India
- Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
- WEG Industries (India) Pvt. Ltd.
- Kirloskar Electric Company Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/75x9zl/india_electric?w=4