India Electric Motors Market By Type, By Voltage Rating, By End Use, By Application, By Region, Competition, Forecast and Opportunities, 2014 - 2024
India Electric Motor Market Overview India electric motors market is projected to surpass $ 2.08 billion by 2024. Anticipated growth in the market can be attributed to increasing number of industries and construction activities across the country, in addition to growing government focus towards adoption of energy efficient motors. Moreover, rising population in tier II and tier III cities, increasing urbanization, and introduction of various major government initiatives such as Make in India, Smart City Mission, affordable housing, AMRUT, etc., are expected to positively influence the electric motors market in India during forecast period. Electric motor market is highly fragmented in India with presence of a large number of players. The market is competitive due to the presence of un-organized players in the industry. Recent implementation of GST is anticipated to help organized players in increasing their market share over the next five years. India Electric Motor Market Regio...