As of 2023, the import of DC motors and generators with an output of less than 750 Watts to India stood at 13.12 million kilograms. The data forecast growth in the subsequent years, reaching 16.212 million kilograms by 2028.
The year-on-year percentage change between 2024 and 2025 is approximately 4.73%, between 2025 and 2026 is 4.42%, between 2026 and 2027 is 4.15%, and between 2027 and 2028 is 3.91%. These increments reflect a compounded annual growth rate (CAGR) of about 4.18% over the five-year period from 2024 to 2028.
Future trends to watch for include the increase in demand for electric vehicles and renewable energy solutions. The technological advancements in DC motors, such as enhanced efficiency and reduced costs, may drive higher imports. Additionally, government policies supporting sustainable energy use could further impact import volumes positively.
