In 2023, the import of multi-phase AC motors with an output of 0.75-75 kW to India was valued at 147.67 million US dollars. The forecasted year-on-year growth from 2024 to 2028 indicates a steadily increasing trend: 3.3% in 2025, 3.1% in 2026, 2.98% in 2027, and 2.84% in 2028. The compound annual growth rate (CAGR) over these five years stands at approximately 3.15%, reflecting a consistent demand and expansion in this segment.

Future trends to watch for include:

The impact of sustainable energy directives on electric motor technology advancements.
India's industrial growth trajectory influencing demand.
Emerging competition from local manufacturers potentially affecting import volumes.