Motors Market in India 2019

Motors in India can be broadly classified into two types - Fractional Horse Power (FHP) motors and Integral Horse Power (IHP) motors. The focus area of the report is the IHP Motor segment. The industrial demand of motors in India used for varied purposes is increasing rapidly in India which proves to be a boon for the players. Low tension (LT), high tension (HT) and DC motors are used in industries including steel, cement, textile, pharmaceuticals, power etc. Growing attention on infrastructure and urban development projects are also going to fuel growth in the market. Even through this industry is impacted by increasing raw material prices, the players are rapidly increasing production to meet the growing demand amongst industries

The report begins with an introduction of the electrical motors in India. It gives a clear differentiation between the various types of motors and provides a brief overview about the types of motors functional in India. The market overview section provides an insight into the IHP motor market and includes the market size and growth of IHP motors on the basis of volume and value. Market segmentation on the basis of types of motors is highlighted. Segmented market size and growth figures are also included to give a clear overview about the same. The type of Horse Power (HP) ratings available in the organized market with respect to the various types of IHP motors is also included. A brief overview about the Fractional Horse Power (FHP) motor market is also highlighted with market size and growth in both volume and value. It also highlights the market segmentation of the same.

An analysis of the drivers explains the factors for growth of the industry including growth in important sectors, growth in power sector and huge opportunity in replacement segment. The key challenges include increase in raw material prices and competition from unorganized players.

The competition section provides an overview of the competitive landscape in the industry along with market share of players in Low Tension (LT) and High Tension (HT) motors segment. It includes the segmentation of the market on the basis of organized and unorganized players with respect to the various types of motors in volume as well as value. It includes a brief profile of the major players in the market including their financials.