In 2023, the import value of DC motors and generators with an output of 0.75-75 kW to India was below 3 million USD. Forecasted figures show a steady increase from 2024 to 2028, with projected values moving from 3.0465 million USD to 3.5074 million USD. This represents an average annual growth of around 3% over this period. Year-on-year growth steadily revolves in the range of 3-4%, indicating a healthy upward trend.
Future trends to watch include technological advancements driving efficiency and demand, changes in energy policies, and competitive pricing shifts. The market's growth is likely to be influenced by India's industrial and renewable energy sectors' performance.
