Abstract

The research goal is to investigate the commercial and application possibilities of electric motors in India. Market Potential Analysis is a strategic tool for determining the feasibility of a concept and market demand. Electric motors are essential in many industries, including transportation, industrial automation, robotics, renewable energy, and home appliances. They are more efficient, need less maintenance, and have a smaller environmental effect than combustion engines. The rising trend of automation in manufacturing and logistics is likely to enhance demand for electric motors in these areas. Furthermore, the household appliance business, which includes refrigerators, washing machines, vacuum cleaners, and fans, is a key application area for electric motors, boosting energy efficiency and performance.