HS Code:
The category 'Of an output exceeding 750 W but not exceeding 75 kW' (likely under HS Code 8501.33 or similar, referring to electric motors and generators) encompasses medium-power electrical machinery used in industrial, commercial, and residential applications. These products are critical for various sectors, including manufacturing, construction, and renewable energy systems, due to their ability to provide efficient power conversion and mechanical energy. This category includes motors and generators with specific power ratings that cater to medium-scale operations, making them a significant component in global industrial supply chains.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 3.8 billion
30.4% of total trade of total trade
Increasing
USD 2.1 billion
16.8% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for energy-efficient motors
Increased adoption of high-efficiency motors to meet global sustainability goals and reduce energy costs, driving market growth in this category.
2021-2023
Rise in renewable energy projects
Higher demand for generators in this power range for small to medium-scale wind and solar projects, particularly in emerging markets.
2020-2022
Automation and industrialization in developing economies
Surging need for industrial motors in countries across Asia and Africa to support manufacturing and infrastructure development.
2019-2023
The European Union updated its Energy Efficiency Directive in 2023, mandating stricter efficiency standards for electric motors in this power range to reduce carbon emissions.
March 2023
Manufacturers must adapt to new standards, potentially increasing production costs but also creating opportunities for innovation in energy-efficient designs.
Under the Phase 1 trade agreement, tariffs on certain electrical machinery, including motors and generators, were reduced, facilitating smoother trade between the two largest economies.
January 2020 (reviewed in 2022)
Increased export volumes from China to the US, stabilizing prices but raising concerns about over-reliance on Chinese supply chains.
Indiaโs ambitious infrastructure plan has boosted demand for medium-power motors and generators to support construction and industrial projects.
December 2021
Significant market growth potential in South Asia, with increased imports and local production incentives under 'Make in India' policies.