Many industries are adopting energy-efficient electric motors in large numbers for reducing the overall energy consumption and mitigating the operating costs. Besides this, in many industries, motor-driven electric vehicles are increasingly being used for curbing the soaring power consumption levels. Since an electric motor is a critical component of an electric vehicle, the ballooning usage of motor-driven electric vehicles is boosting the sales of electric motors in the APAC region. 

The most widely used types of electric motors in the region are DC motors, hermetic motors, and AC motors. Till now, AC motors have witnessed the widest sales on account of the rising demand for EVs and industrial machinery. AC motors are preferred in such sectors because of their high power output and lower maintenance requirements. Amongst these, the sales of hermetic motors will rise rapidly in the region in the future, because of the growing usage of heating, ventilation, and air-conditioning (HVAC) equipment in the construction industry. 

According to the estimates of the market research firm, PS Intelligence, the APAC electric motor market would exhibit the fastest growth in India in the coming years. This is credited to the presence of a flourishing manufacturing and construction industry in the country. The country’s domestic manufacturing improved massively after the launch of the Make in India initiative in 2014 and the trend will continue in the coming years, thereby boosting the demand for electric motors in the country.

Thus, it can be said with full confidence that the sales of electric motors would shoot-up all over the APAC region in the forthcoming years, primarily because of the growing requirement for these motors in the manufacturing plants and construction activities and the rising deployment of electric vehicles in the region.