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Analysis of the Indian Electric Motors Market

  • September 2013
  • -
  • Frost & Sullivan
  • -
  • 157 pages

Summary

Table of Contents

Revival in the Infrastructure Sector Will Spur Growth and Demand for Electric Motors in India

This research service presents a comprehensive analysis of the electric motors market in India. Revenue analysis is provided for FHP and IHP motors. The objective of the research service is to assess the market drivers and restraints and provide an understanding of the attributes that influence the market, besides providing insights on the competitive environment. It also provides market forecasts for each type of electric motor and provides revenue forecast by vertical type across each product until 2017.

Executive Summary

• This study provides a detailed analysis of the Indian electric motors market.
• The electric motors market is constituted of fractional horsepower motors (FHP) (less than XkW) and integral horsepower motors (IHP) (more than X kW).
• FHP motors constitute close to X percent of the total electric motors market in India, while IHP motors make up X percent.
• New project demand continues to dominate sales more than retrofit demand.
• FHP motors are used in applications such as home appliances, medical equipment, and business equipment.
• IHP motors are used by OEMs (for pumps, fans, compressors, blowers, material handling, and general machinery) and end users (oil and gas, power, cement, metals and mining, and other sectors).
• AC motors, due to their superior technology, have replaced DC motors in a number of applications.
• Due to more standardization in low-voltage (LV) motors, most sales occur through OEMs and system integrators. In medium-voltage (MV) motors, a major proportion of sales is direct sales to end users.
• OEMs dominate the end-user market for IHP electric motors. They contribute nearly X percent, while end users contribute X percent. Among OEMs, rotating equipment such as pumps, fans, blowers, and compressors account for Xpercent of the OEM sales. Among end users, power leads the other sectors with an X percent contribution to the end-user revenue.
• The impact of the slowdown in the economy is expected to continue to affect the demand for electric motors in the short term, although demand is likely to grow at a CAGR of X percent for IHP motors and Xpercent for FHP motors.

CEO’s Perspective

1. End-user industry slowdown is a concern among motor manufacturers. Revival in infrastructure sectors such as energy and power is the key to growth in this segment.
2. Most end users prefer to buy high-efficiency motors with a low payback period, with power rating higher than X kW.
3. The Indian market is moving toward integrated motors and drives, although they are expensive, due to higher efficiency.
4. Research and innovation in developing new material and designs to lower the cost of motors could reduce impact on profit due to high raw material costs and competition.
5. End users are looking for customized motors for specific applications that are low cost and energy efficient.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and what rate?
What are the significant technological developments expected from the market?
What are the major challenges affecting vendors in this market?
Which are the major growth sectors expected over the forecast period?
Which are the major companies and what is their market share?

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