In 2023, the import of AC motors, multi-phase of an output of 75 kW and more, stood at 7.2 million kilograms in India. The forecasts from 2024 to 2028 show a steady increase in import volumes. The year-on-year growth from 2024 to 2025 is projected at approximately 2.68%, and from 2025 to 2026, it’s predicted to be around 2.56%. The compound annual growth rate (CAGR) over the 2024 to 2028 forecast period suggests an average annual growth rate of about 2.52%.

Future trends to watch for:

Technological advancements and increased demand in industrial sectors might boost imports beyond current forecasts.
Government policies promoting domestic manufacturing could impact import levels.
Fluctuations in global supply chains and currency exchange rates may affect future import volumes.