The import of AC motors, multi-phase with an output of 0.75-75 kW to India is forecasted to exhibit a steady growth from 2024 to 2028. Starting at 15.119 million kilograms in 2024, imports are expected to reach 17.267 million kilograms by 2028. This reflects a compound annual growth rate (CAGR) of 3.36% from 2024 onwards, indicating a sustainable upward trajectory. Year-on-year, growth rates are projected to slightly increase by approximately 3-4% each year.
Future trends to watch include potential market shifts due to technological advancements, energy efficiency improvements, and changes in regulatory environments. Additionally, domestic production capacities could alter import dynamics if local manufacturing expands substantially.
