The import of AC motors, multi-phase with an output of less than 750 watts, to India was slightly more than 2.7 million kilograms in 2023. From 2024 onwards, the forecast depicts a consistent year-on-year growth, reaching approximately 3.245 million kilograms by 2028. The predicted annual increase averages around 3% due to steady demand in the industrial and consumer goods sectors. This five-year period shows a Compound Annual Growth Rate (CAGR) reflecting moderate expansion, aligning with India's growing need for energy-efficient components.
Looking ahead, key trends to monitor include advancements in motor efficiency, the impact of government regulations on imports, and the increasing demand in evolving sectors like electric vehicles and renewable energy solutions. Monitoring these areas can help anticipate shifts in import needs.
