Key Market Indicators
Indian DC Motor Imports are projected to surge to approximately $58 million by 2028, up from about $47 million in 2023. This represents a compound annual growth rate (CAGR) of 3.4%. Since 1993, demand for DC motors in India has seen a modest annual increase of 0.7%. On the export front, India is expected to reach around $30 million by 2028, rising from $25 million in 2023. This marks an average annual growth rate of 3%. Over the past three decades, Indian DC motor exports have grown by 3.1% each year. In 2023, India ranked 15th globally in DC motor exports, with Slovenia surpassing it at $25 million. Leading the rankings were Germany, the United States, and France, occupying the second, third, and fourth positions, respectively.
