The imports of AC Motors, Multi-Phase with an output of 75 kW and more to India are showing a consistent upward trend from 2024 to 2028. In 2023, imports were at 70 million USD, setting the stage for a compound annual growth rate (CAGR) of approximately 1.6% over the forecasted period. Year-on-year growth rates demonstrate stability with a modest rise each year; 2024 (1.7%), 2025 (1.7%), 2026 (1.6%), 2027 (1.6%), and 2028 (1.5%).

Future trends to watch for:

Technological advancements in AC motor efficiency which may impact demand.
Trends in domestic production that could reduce the import dependency.
Regulatory changes and environmental policies influencing motor standards and import demands.