The forecasted import of multi-phase AC motors with an output of less than 750 watts to India shows a steady year-on-year growth from 2024 to 2028. In 2023, the import value was slightly below the 75.99 million USD projected for 2024. The forecast for 2024 indicates a growth of approximately 4.3% over 2023. This growth trend continues through 2028, reflecting a consistent compound annual growth rate (CAGR) of approximately 4% per year from 2024 to 2028. The consistent increase suggests a positive outlook for the demand of these motors in India.
Future trends to watch for include the impact of India's industrial growth and modernization on motor demand, potential changes in import tariffs, technological advancements, and a possible shift towards energy-efficient solutions, which could influence import dynamics for motors under 750 watts.
