Motor and drive manufacturers are grappling with a world characterized by swift technological advancement, increasing expectations for efficiency, and a push toward digitalization. As the industrial system matures, these manufacturers are under increasing pressure to supply solutions that balance performance, reliability, and sustainability. The current market for motors and drives requires a solution that not only provides power to a machine but also enables smarter, safer, and more connected operations. The global market size for motor and drive manufacturers is substantial and growing, with specific figures varying by report and segment, but estimates include the global electric motor market valued at around $177.8 billion in 2031, the global motor drivers market at $6.9 billion in 2023, and the global motors and drives services market at an estimated $2.45 billion increase between 2024 and 2029.
Sanjeev Sharma, Managing Director & CEO
ABB India
Provides a wide range of energy-efficient motors for various industries and applications, including general-purpose, explosion-proof, and high-efficiency models
Nakul Mehta, Managing Director
Bharat Bijlee
The company produces a variety of electrical products, including custom-built power transformers, energy-efficient electric motors, and variable frequency drives
Kennady Kaippally, Country Manager
Bonfiglioli India
A designer, manufacturer, and distributor of a comprehensive range of gearmotors, drive systems, planetary gearboxes, electric motors, and inverters
Amar Kaul, Managing Director & CEO
CG Power and Industrial Solutions
A motor manufacturer that offers a diverse and innovative portfolio catering to a wide array of industrial and power sector applications, as well as the railway and emerging electric vehicle (EV) markets
Vijay Ravindra Kirloskar, Executive Chairman
Kirloskar Electric Company
An electrical engineering firm that designs, manufactures, and services a wide range of motors, drives, and electrical control equipment
Gowlikar Anil Raj, Owner & CEO
New Match Motors
The firm manufactures a wide range of electric motors, which includes single-phase motors, two-speed, three-speed motors and three-phase motors along with blower systems and more
Rengarajan Narasimhan, Managing Director
Nidec Motor Corporation
Manufactures and supplies electric motors and drive systems for a range of applications, including automotive, household appliances, and industrial products
Nikhil Pawar, Founder
Sellect Motors
The firm focuses on mitigating the impact of seasonality so as to provide year-round performance by specializing in winding machines, automation, and effective workforce management
Sunil Mathur, Managing Director & CEO
Siemens
Providing integrated drive systems, which combine motors with complementary Sinamics Frequency Converters and other drive components to ensure seamless operation and more
Jean Butske, Managing Director
WEG Industries
A manufacturer of electric motors and drives, as well as related equipment like generators, transformers, and industrial automation systems
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