Asia Pacific Large Scale Variable Frequency Drives Market Size - By Voltage, By Application, By End Use, Growth Forecast, 2025 - 2034

Asia Pacific Large Scale Variable Frequency Drives Market Size

Asia pacific large scale variable frequency drives market was estimated at USD 1.1 billion in 2024. The market is expected to grow from USD 1.2 billion in 2025 to USD 2 billion in 2034, at a CAGR of 5.7%, according to a recent study by Global Market Insights Inc.

• The rapid industrialization, energy efficiency initiatives and expanding infrastructure and development of industrial processes across the region will complement the business landscape. Large-scale VFDs have gained significant traction owing to their ability to optimize energy consumption, reduce mechanical stress, and enhance process control in high-power applications.
   
• Ongoing technological advancements include introduction of smarter and highly efficient VFD systems for process-intensive industries where downtime can lead to substantial financial losses are further accelerating product deployment. Integration of VFDs with Industrial Internet of Things (IIoT) platforms enabling seamless communication between equipment, facilitating predictive diagnostics and improving operational transparency will positively influence the industry outlook.
   
• For instance, in March 2025, the completion of main cable installation marked a major milestone for China’s Fenglin Special Bridge, the first large-span steel-concrete suspension bridge in mountainous terrain. V&T Power’s high-performance VFDs, particularly the V6-H torque vector control model, played a crucial role in the winch systems, ensuring precise and stable operation. Their advanced technology and reliability were key to the success of the cable-pulling process, earning strong recognition from project engineers
   
• Authorities across the region have introduced initiatives aimed at promoting energy conservation, sustainable manufacturing and the use of cleaner technologies. Increasing adoption of renewable energy solutions, along with proactive government initiatives promoting low-emission and energy-efficient technologies, is set to significantly augment the industry landscape.
   
• For instance, in March 2024, China revised its energy efficiency goals under its five-year climate strategy, aiming to cut energy intensity by 2.5% during the year. This move reflects the country’s commitment to lowering carbon emissions and promoting sustainable development. Combined with growing support for clean technologies, these efforts are expected to accelerate the transition toward a greener economy and strengthen the outlook for energy-efficient industries.
   
• Rising adoption of automation and smart manufacturing practices plays a critical role in expanding the use of large-scale VFDs across various industrial processes which will positively influence the business landscape. Industries are embracing industrial automation to enhance productivity and the VFDs serve as essential components for controlling motor-driven equipment such as pumps, compressors, conveyors and fans which is set to complement the business outlook.
   
• Their ability to deliver precise speed and torque control ensures optimal performance while reducing wear and tear on machinery, thereby extending equipment lifespan and minimizing maintenance costs. For instance, in April 2025, Grundfos had launched the CUE 120, a variable frequency drive (VFD) developed locally in India to meet the specific needs of the Indian market. It was designed to enhance energy efficiency in pumping systems. The CUE 120 delivers intelligent and precise motor control, enabling users to optimize performance and reduce power consumption.
   
• China holds a dominant share in the Asia Pacific large scale variable frequency drives driven by development of large-scale energy intensive industries, ongoing infrastructure development, and growing inclination toward adoption of energy-efficient motor control systems. Government regulations promoting energy conservation and modernization of industrial systems have augmented the adoption of advanced large scale VFD technologies.
   
• For instance, in May 2024, China’s State Council launched a new action plan to strengthen energy conservation and emissions reduction through 2025. As part of its 14th Five-Year Plan, the initiative targets high-emission industries like steel, petrochemicals, and building materials. It sets clear efficiency goals and tighter oversight, reflecting urgency ahead of China’s 2030 carbon peak target and raising compliance expectations for companies in these sectors.
   
• The India is the fastest growing market in Asia Pacific large scale variable frequency drives market owing to shifting focus toward adoption of energy-efficient technologies along with energy efficiency mandates toward adoption of renewables. Furthermore, rising number of heavy-duty industrial facilities, urban stretches, and utility communities has led to the integration of a wide range of motor control components which is set to augment industry landscape.
   
• For instance, in July 2025, according to the Indian Brand Equity Foundation, manufacturing sector across the country is rapidly expanding, with pre-pandemic GDP contributions of 16–17% and a PMI peak of 58.2 in April. Favorable policies, skilled labor, and rising value addition, from 30% to a projected 90% by FY27, are strengthening industry landscape. Government initiatives including the PLI scheme and National Manufacturing Policy aim to raise manufacturing’s GDP share to 25%.
   

Asia Pacific Large Scale Variable Frequency Drives Market Trends

• The Asia pacific large scale variable frequency drives industry is experiencing a dynamic transformation, driven by a growing emphasis on energy efficiency, automation and the modernization of industrial infrastructure. Continuous rollout of advanced control and monitoring technologies and efforts to enhance energy efficiency along with flourishing investments in heavy industries including power generation and mining are further augmenting business landscape.
   
• For instance, in September 2025, the Indian government announced a USD 1.47 billion incentive program to strengthen domestic manufacturing in the construction equipment sector. Targeting machinery like TBMs, cranes, loaders, and engines, the scheme operates under a performance-linked model, rewarding manufacturers based on output. This initiative supports infrastructure growth and aims to reduce import reliance by fostering a competitive ecosystem for critical equipment production.
   
• The integration of digital technologies and smart features into VFD systems embedded with advanced sensors, IoT connectivity, real-time monitoring and predictive maintenance capabilities. This digitalization allows operators to remotely access drive performance data, optimize system efficiency and preempt equipment failures thus enhancing reliability and reducing unplanned downtime.
   
• The ongoing inclination toward Industry 4.0 and the Industrial Internet of Things (IIoT) along with end use demanding VFDs that are compatible with centralized control systems and cloud-based analytics platforms is shaping the business dynamics. Governments and regulatory bodies across the region are introducing strict energy efficiency standards and carbon reduction targets, compelling industries to invest in technologies that contribute to lower power consumption.
   
• For instance, in October 2024, Japan and the EU launched their first Clean Energy Industrial Policy Coordination Working Group, following a June agreement at the Hydrogen Business Forum. Led by senior officials, the meeting focused on building resilient clean energy supply chains. Both sides shared policy frameworks and agreed to continue administrative-level discussions to strengthen cooperation in energy transition and industrial sustainability.
   
• Additionally, the increasing use of large-scale VFDs in high-power industrial applications in heavy industries including mining, steel, and cement require robust and high-capacity drive systems to control large motors that operate in harsh environments and demanding load conditions. Ongoing development of medium-voltage VFDs with high power ratings offering improved durability, fault tolerance, and thermal management is augmenting industry outlook.
   
• In June 2024, Danfoss introduced its latest energy-efficient solutions, the iC7 and iC2 and variable frequency drives in Pune and Mumbai. These advanced drives are designed to regulate motor speeds more effectively, resulting in significant energy savings and improved operational efficiency. Widely used across multiple industries, they represent a new benchmark in motor control, offering enhanced reliability, safety and performance for critical industrial operations.
   
• Moreover, these VFDs enable precise speed control in applications including boiler feed pumps, fans, and compressors, supporting load balancing and frequency regulation. The rise of distributed energy resources has increased the need for responsive and intelligent drive systems that can adapt to fluctuating demand and supply conditions further shaping business dynamics.
   

Asia Pacific Large Scale Variable Frequency Drives Market Analysis

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• Based on the voltage, the industry is segmented into low and medium. The medium segment dominated Asia Pacific large scale VFD market accounting for around 72.1% market share in 2024 and is set to grow at a CAGR of over 6% through 2034.
   
• Large scale medium voltage drives are used in high-power industrial and infrastructure applications, enabling smooth motor starts, reducing mechanical stress and enhancing system reliability, particularly in operations involving heavy loads or frequent start-stop cycles. Rising demand for large motors control solutions across sectors including oil and gas, mining, power generation, cement, and water treatment where robust performance, high efficiency and precise control are required under demanding conditions will accelerate product deployment.
   
• For instance, in September 2024, Hopewind Electric delivered nine medium-voltage drive systems totaling 130MW to PT. Lautan Steel in Indonesia for its 1450mm hot rolling project. This marked the first export of Chinese VFDs for such a metallurgical line. The installation also included HD2000 low-voltage drives, recognized for durability and stability, contributing to efficient steel production and promoting low-carbon, high-performance industrial operations.
   
• Additionally, the push for digitalization has led to the integration of smart features such as condition monitoring, real-time analytics, and automated fault detection in medium voltage systems further augmenting product demand across variety of industrial applications.
   
• The low voltage segment is set to grow at a CAGR of over 4.5% from 2025 to 2034. Increasing focus on industrial electrification and digital transformation is driving the integration of smart low voltage drives that support remote monitoring, diagnostics and predictive maintenance. These drives are primarily used for motors operating below a specific voltage threshold and they offer significant advantages in terms of cost-effectiveness, compact design, and ease of integration.
   
• Industries including food and beverage, textiles and manufacturing are adopting low voltage VFDs to optimize processes, reduce power consumption, and enhance automation. Widespread use in industrial applications that require flexible speed control and improved energy efficiency is further augmenting product deployment.
   
• For instance, in February 2024, ABB India launched the ACH180 drive series, a compact solution designed specifically for HVACR applications. This advanced product offers improved motor control while featuring an energy-efficient and space-saving design, helping to lower costs and streamline the installation process.
   
• Furthermore, retrofitting existing motor systems with these VFDs is gaining momentum owing to companies aiming for modernizing legacy equipment without extensive infrastructure overhauls. Regulatory mandates to adopt energy-saving technologies and the growing need for sustainable manufacturing practices will further complement the business landscape.
   

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• Based on the application, the Asia pacific large scale variable frequency drives market is classified into pump, fan, conveyor, compressor, extruder and others. The pump application holds 41.1% market share in 2024 with a 5.5% CAGR by 2034. Increasing adoption in industries that are aiming for process control along with rising demand for energy efficient systems along with solutions that lead to energy consumption will augment the business landscape.
   
• Large scale VFDs offer a solution by adjusting the motor speed to match the exact demand by system, running at constant speeds even when varying flow rates are required, thereby reducing energy waste and improving operational flexibility. Furthermore, industries are integrating VFDs into smart pump systems to enable remote monitoring, predictive maintenance and adaptive performance control which is set to positively influence the business landscape.
   
• The fan application is set to surpass USD 575 million by 2034 backed by the widespread use of high-capacity ventilation and air movement systems in manufacturing, power plants and HVAC infrastructure. The integration of VFDs allows for real-time speed modulation based on temperature, pressure, or occupancy feedback, resulting in significant energy savings along with focus on extending equipment life and enhancing safety, will augment industry outlook.
   
• The conveyor application across Asia Pacific large-scale variable frequency drives market was evaluated at over USD 33 million in 2024. Growing application of large-scale VFDs, in logistics, mining and heavy manufacturing industries where continuous material handling is essential is stimulating product penetration. Moreover, these VFDs improve conveyor system performance by allowing speed variation in response to load conditions, material type and process requirements. The ability to integrate VFDs with automation systems also supports synchronized operations in multi-conveyor environments, improving efficiency and reducing operational costs is augmenting industry growth.
   
• The compressor segment witnessed a market share of 2.8% in 2024. Increasing industrial automation and energy efficiency demands as these units are the integral to sectors including oil & gas, HVAC and power generation. Additionally, the industrial processes increasingly rely on large VFDs to optimize compressor operations and improve energy efficiency further influencing industry growth.
   
• The extruder application is anticipated to grow at a CAGR of over 6% from 2025 to 2034. The ability of VFDs to enable smoother start-up, reduce energy spikes and contribute to overall equipment protection is accelerating product adoption. Industries are increasingly focused on consistent production quality and lower energy consumption with the ongoing upgrades in large industrial facilities aimed at minimizing energy loss are driving demand for high-capacity variable frequency drives.
   
• Furthermore, growing emphasis on sustainability and regulatory mandates for energy-efficient systems are compelling industries to adopt VFD-equipped compressors at scale. Additionally, advancements in smart drive technologies coupled with IoT-enabled monitoring and predictive maintenance which are set to positively influence the business dynamics.
   

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• China dominated the Asia Pacific large scale variable frequency drives market with around 46.6% share in 2024 and generated over USD 548.1 million in revenue. Rapid industrial expansion along with shifting focus toward energy efficiency and carbon neutrality is complementing the business landscape. Rising demand for high-capacity VFDs in these sectors owing to companies seeking to optimize motor operations, reduce electricity costs and comply with stringent environmental regulations is augmenting industry outlook.
   
• For instance, in March 2024, China intensified its energy intensity target for the year as part of its broader climate commitments for 2025. The National Development and Reform Commission acknowledged the challenges in meeting these objectives, citing a sharp increase in energy consumption across both industrial and residential sectors.
   
• Additionally, government-led initiatives promoting green technologies and energy-saving equipment are providing incentives and policy backing for VFD adoption across industrial applications. Infrastructure development projects and smart manufacturing practices are supporting the integration of advanced VFDs into production lines and utility systems.
   
• Japan large scale variable frequency drives market is set to grow at a CAGR of 5.5% from 2025 to 2034. Growing emphasis on high-precision technology, reliability, and automation across industrial operations and rising demand for reliable motor control solutions is complementing the business landscape. Strong focus on advanced manufacturing, coupled with stringent energy efficiency norms and sustainability targets, is driving the adoption of smart and high-capacity VFDs across industrial processes.
   
• For instance, in February 2025, Japan approved new climate and energy targets through 2040, aiming to cut greenhouse gas emissions by 60% by 2035 and 73% by 2040 from 2013 levels. Despite public support for deeper cuts, the finalized targets remained unchanged. The revised energy strategy seeks to boost renewables to 50% and nuclear to 20% of the power mix by 2040, supporting decarbonization and industrial competitiveness.
   
• Industries including power generation, metals and marine are utilizing VFDs to enhance productivity and reduce energy use without compromising system performance further shaping business dynamics. Moreover, Japan’s efforts to integrate renewable energy sources into its energy mix are leading to increased demand for VFDs in power generation and grid stabilization applications.
   
• India large scale variable frequency drives market witnessed a market share of over 8.5% in 2024. Rapid industrialization, infrastructure development, and increasing energy efficiency awareness along with government policies for infrastructure development and smart manufacturing initiatives, will augment industry landscape. Flourishing investments for the development of industrial infrastructure along with rising demand for robust and scalable motor control solutions across sectors including power generation, metals, and oil & gas are shaping the business dynamics.
   
• Growing inclination on reducing electricity consumption, managing load fluctuations, and improving operational reliability is complementing industry outlook. Ongoing inclination toward modernizing industrial base, along with paradigm shift from conventional motor systems to intelligent and energy-efficient alternatives is accelerating the deployment of VFDs in both new and retrofit projects.
   
• Australia large-scale variable frequency drives market is set to grow at a CAGR of over 5.2% through 2034, owing to regulatory framework and incentives for energy-saving technologies are encouraging industries to upgrade legacy systems with advanced VFD solutions. Shifting focus on energy efficiency, sustainable industrial practices, and automation across key sectors driven by commitment to reducing carbon emissions, investments in smart infrastructure and digital transformation is shaping business dynamics.
   
• For instance, in March 2025, INVT has extended its global warranty network to Australia, marking a strategic milestone in its international expansion. This collaboration combines INVT’s global technical expertise with R Co., Ltd.’s deep local market knowledge, aiming to elevate service standards across Australia’s industrial automation sector.
   
• The South Korea market for large-scale variable frequency drives (VFDs) is projected to exceed USD 59 million by 2034. Strong emphasis on advanced manufacturing, energy efficiency and smart automation technologies, along with increasingly integrating VFDs to enhance precision, reduce energy consumption, and maintaining high system reliability is shaping business dynamics.
   

Asia Pacific Large Scale Variable Frequency Drives Market Share

• The top 5 players operating across the Asia Pacific variable frequency drives industry include ABB, Siemens, Danfoss, Schneider Electric, and GE Vernova contribute around 42% of the market share in 2024.
   
• Major large scale variable frequency drive manufacturers are focusing on innovation and expanding their product portfolio to integrate emerging technologies. To strengthen market presence and global reach, leading companies are actively engaging in mergers, acquisitions, and strategic partnerships. These collaborations boost brand visibility, improve marketing impact, and enable cost efficiencies while supporting the launch of unique, competitive products.
   
• The continuous investment in research and development to innovate drive technologies that offer higher efficiency, better thermal performance, and greater reliability increases the demand of industrial environments. Moreover, industry leaders are also focusing on integrating digital technologies coupled with IoT connectivity, predictive analytics and remote monitoring, into their VFD offerings to support smart manufacturing and reduce unplanned downtime.
   
• Schneider Electric offers Altivar 1200, a cutting-edge medium-voltage AC drive offering Industrial IoT benefits like energy optimization and improved efficiency. Suitable for sectors such as oil and gas, power, water treatment, and mining, it integrates seamlessly into various voltage systems, enabling precise control and enhanced performance across industrial applications.
   
• Siemens offers enclosed drive systems that are pre-engineered and tested for high performance, safety, and flexibility. Solutions range from compact SINAMICS G120XE MINI units to large-scale motor modules and regenerative systems. Each cabinet typically includes disconnects, protection features, operator panels, and optional components, ensuring reliable operation and easy integration across various industrial applications.
   
• Danfoss offers the VACON 3000 stands out as a modular medium-voltage drive offering unmatched flexibility in configuration, seamless integration, and simplified maintenance. Designed for OEMs and system integrators, it introduces a new level of performance customization, allowing precise adaptation to diverse industrial application requirements with enhanced efficiency and reliability.
   
• ABB offers medium-voltage AC drives, covering a wide power range from 200 kW to over 150 MW, offering dependable, high-efficiency solutions for industrial and utility needs. Designed for versatility, they support diverse applications including pumps, fans, compressors, conveyors, marine propulsion, rolling mills, and grid systems. Their advanced architecture ensures precise control, energy savings, and reliable performance in demanding environments.
   

Asia Pacific Large Scale Variable Frequency Drives Market Companies

Major players operating in the Asia Pacific large scale variable frequency drives industry are:
 

• ABB
• Amtech
• CG Power & Industrial Solutions Ltd.
• Danfoss
• Eaton
• Fuji Electric
• GE Vernova
• Hiconics Eco-energy Technology Co., Ltd.
• Ingeteam Power Technology
• Invertek Drives
• NIDEC CORPORATION
• NOKER Electric
• Rockwell Automation
• Schneider Electric
• Shenzhen INVT Electric Co., Ltd
• Siemens
• TMEIC
• Veikong Electric
• WEG
• Xi'an XICHI Electric
• YASKAWA ELECTRIC CORPORATION

• Schneider Electric reported revenue of USD 22.6 billion in the first half of 2025 and USD 44.8 billion in 2024. The company made a huge profit of USD 19.1 billion in 2024. The company’s drives are engineered to optimize motor control, enhance energy efficiency, and improve system reliability across various applications under its renowned Altivar series.
   
• GE Vernova’s medium-voltage variable speed drives combine load commutated or voltage source inverters with electric motors to deliver efficient, adaptable performance across industrial sectors. In H1 2025, the company posted USD 17.14 billion in revenue, with full-year 2024 revenue reaching USD 34.93 billion, reflecting strong demand for advanced motor control technologies.
   
• Siemens reported a revenue of USD 65.33 billion for 9 months of 2025 and annual revenue of USD 86.2 billion in 2024. The company offers a robust portfolio of large-scale variable frequency drives under its SINAMICS brand which is designed to deliver precise motor control, energy efficiency, and seamless integration across a wide range of industrial and commercial applications.
   
• ABB reported second-quarter 2025 revenue of USD 8.9 billion, reflecting an 8% increase compared to the same period last year and 6% growth on a comparable basis. For the full year 2024, the company achieved total revenue of USD 32.9 billion. The company’s large scale VFD is used for controlling high-power applications, offering smooth startup for large synchronous motors while minimizing stress on electrical networks and equipment, ensuring consistent performance and easy maintenance across industrial processes.
   

Asia Pacific Large Scale Variable Frequency Drives Industry News

• In April 2025, Mitsubishi Electric introduced the FR-D800 inverter series, engineered for enhanced performance, simplified operation, and improved energy efficiency across industrial applications. Featuring a compact design, up to 37% smaller than its predecessor, it reduces installation space and costs. The inverter includes a USB Type-C interface for easy PC-based setup without power, and a door-style cover with integrated wiring for faster installation. Select models meet IEC standards for harsh environments, are ideal for sectors including food processing, textiles, and conveyors.
   
• In March 2025, GTAKE showcased its advanced drive technologies at the Taizhou Machine Tool Expo, drawing strong industry interest. Highlights included closed-loop systems with MIII bus for precision control, EtherCAT-based spindle inverters for real-time performance, high-speed inverters for 30,000 RPM machining, and compact GK910 vector inverters for small tools. These innovations reinforce GTAKE’s leadership in enhancing efficiency and accuracy in modern machine tool applications.
   
• In December 2024, Yaskawa Electric introduced the LA700 drive in Japan, a specialized inverter for elevators designed to simplify setup and enhance ride comfort. Building on the L1000A, it features improved auto-tuning, an interactive setup wizard, Bluetooth-enabled monitoring, and DriveWizard support. These upgrades reduce installation time and improve usability. The LA700 also enables smoother acceleration and deceleration, delivering a more comfortable elevator experience while addressing technical challenges in drive adjustment.
   
• In November 2024, WEG unveiled a USD 62 million expansion plan for its Rugao, China facility to meet rising demand and strengthen its regional footprint. The multi-year initiative includes boosting component production, enhancing local assembly, and building a 30,000 m² plant for high-voltage motor manufacturing, set to finish by 2026. This strategic investment highlights WEG’s commitment to sustainable growth and scaling its industrial capabilities in Asia.
   

The Asia Pacific large scale variable frequency drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” and volume in (‘000 Units) from 2021 to 2034 for the following segments:

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Market, By Voltage

• Low
• Medium

Market, By Application

• Pump
• Fan
• Conveyor
• Compressor
• Extruder
• Others

Market, By End use

• Oil & Gas
• Power generation
• Mining & metals
• Pulp & paper
• Marine
• Others

The above information has been provided for the following countries:

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Singapore
• Malaysia
• Vietnam
• Indonesia