Asia Pacific Low Voltage Drives Market

Asia Pacific Low Voltage Drives Market Size

The Asia Pacific low voltage drives market was estimated at USD 9.1 billion in 2024. The market is expected to grow from USD 9.6 billion in 2025 to USD 14 billion in 2034, at a CAGR of 4.3%, according to Global Market Insights Inc.

• The rising demand for advanced motor control systems across diverse manufacturing sectors, coupled with continuous technological innovation and development of industries, is set to significantly boost the industrial landscape. Ongoing push toward smart automation and artificial intelligence, which are becoming central to modern production environments along with industries striving for enhanced efficiency, precision, and sustainability will further compliment the business landscape.
  
• Stringent standards & directives toward energy efficiency coupled with shifting customer inclination toward renewable energy integration will accelerate product demand. In addition, rapid urbanization and industrialization across developing economies together with surging investments in reliable & smart infrastructure will complement the industry landscape.
  
• For instance, in February 2023, the Indian government announced its final full budget ahead of the general elections, prioritizing energy transition with substantial funding. Over USD 8 billion was allocated for clean energy initiatives like green hydrogen and renewables to support green growth. Additionally, USD 4.3 billion was directed to the Ministry of Petroleum and Natural Gas to advance the country’s net-zero emissions target by 2070 and strengthen energy security.
  
• Supportive initiatives by the regional government and authorities to achieve long-term energy efficiency and operational goals across industries will further influence the product penetration. Rising disposable incomes together with a better standard of living across developing and developed nations will positively stimulate the demand for energy-efficient systems that cater to the industry dynamics.
  
• For instance, in February 2023, Japan introduced the Green Transformation (GX) Promotion Strategy to support large-scale green investments and address energy security concerns. The strategy focuses on two key areas: ensuring a stable energy supply through renewable energy and conservation and implementing a growth-oriented carbon pricing model. It also encourages early private sector investment to accelerate the country’s transition toward a sustainable, low-carbon economy.
  
• China holds a dominant share in the Asia Pacific low voltage drives market, driven by rapid industrialization, extensive infrastructure development, and growing emphasis on energy-efficient motor control solutions. Stringent mandates by the government toward energy efficiency along with modernizing of industrial processes has accelerated the adoption of advanced drive technologies. Additionally, initiatives by the authorities and manufacturers for reducing emissions, decrease energy consumption and introducing advanced motor control solutions will further complement business landscape.
  
• For instance, in April 2025, ABB celebrated key milestones including 30 years of producing IEC low-voltage motors and 20 years of manufacturing large motors and generators in China by hosting a media open day at its Shanghai facility. The company unveiled its IE5 ultra-premium efficiency motors, setting new standards in performance, sustainability, and reliability. The event featured a guided tour for media representatives, highlighting the company’s latest technological advancements and its dedication to energy-efficient solutions.
  
• The India is the fastest growing market in Asia Pacific low voltage drives market owing to shifting focus toward adoption of energy-efficient technologies coupled with stringent energy efficiency norms and standards for the adoption of renewables. Moreover, the rising number of industrial facilities, commercial premises, 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, the Indian Brand Equity Foundation reported that manufacturing contributed 16–17% to India’s GDP pre-pandemic and is now among the fastest-growing sectors. The HSBC India Manufacturing PMI rose to 58.2 in April, marking a ten-month high. Driven by supportive policies and skilled labor, India is emerging as a global electronics manufacturing hub, with value addition rising from 30% to 70%, and projected to reach 90% by FY27. Government initiatives like the National Manufacturing Policy and the PLI scheme aim to boost manufacturing’s GDP share to 25% by 2025, advancing Industry 4.0 adoption
  

Asia Pacific Low Voltage Drives Market Trends

• Asia Pacific low voltage drives will witness a substantial growth on account of technological advancements, adoption of energy-efficient systems, and rising automation across industries. The integration of application-based drives with operation & production units coupled with shifting focus toward energy efficiency will fuel the product demand across various industry processes.
  
• Flourishing investments toward the real-estate sector coupled with accelerating commercialization and industrialization across the region will complement the business landscape. Manufacturers are also aiming for expansion their distribution channels to increase their market presence and offer their products and solutions to wide range of consumers across the region.
  
• For instance, in August 2025, CHINT appointed Legend Corporation as its master distributor for low-voltage products in Australia and New Zealand, aiming to strengthen its regional market presence. Through its CABAC brand, Legend will launch CHINT’s LV product range in October 2025, offering efficient distribution, inventory management, and reliable delivery. This partnership enables CABAC to expand its portfolio with CHINT’s advanced technologies, while supporting electrical wholesalers and contractors with high-quality, value-driven solutions.
  
• The growing need for accurate and energy-efficient motor control systems, along with supportive initiatives promoting digital transformation and ongoing development of industrial infrastructure, is strengthening the industry outlook. Continuous technological progress in servo drive units including the integration of advanced AI features and quicker response capabilities is making them essential components in automated systems, thereby accelerating their adoption across industrial processes.
  
• For instance, in August 2024, WEG Electric introduced the CFW500-CETH2 dual-port Ethernet module for its CFW500-IP20/IP66 and MW500-G2 drive series. This plug-and-play module features two RJ45 ports supporting EtherNet/IP and Modbus-TCP protocols, along with RS-485 Modbus RTU, two digital inputs, and one analog input. It supports flexible network topologies including star, daisy chain, and Device Level Ring (DLR), offering enhanced connectivity and streamlined integration for industrial automation systems.
  

Asia Pacific Low Voltage Drives Market Analysis

• Based on power range, the industry is segmented into micro and low. The low segment dominated Asia Pacific low voltage drives market accounting for around 62.1% in 2024 and is anticipated to grow at a CAGR of 4.3% through 2034.
  
• The market for low power range has witnessed a revenue of over USD 5.6 billion in 2024. The low voltage drives market is being shaped by growing emphasis on energy efficiency, rising industrial automation, and continuous technological innovation. Supportive government policies that encourage energy-saving technologies and offer incentives to manufacturers investing in automation are complementing industry landscape. Moreover, increasing demand for cost-effective and reliable motor control solutions across diverse industrial applications to reduce cost, time and improve efficiency is further driving product adoption.
  
• For instance, in October 2024, B&R Industrial Automation launched the X20 Drives, tailored for automating components like conveyors and adjustment axes. These compact drives support motors from a few watts up to 1 kW using 48V low voltage technology. Compatible with stepper and brushless DC motors, they offer energy-efficient performance and cost-effective control. With a slim 27.5 mm width and integration-friendly design, they enable scalable motion control for two axes, enhancing flexibility in automation systems.
  
• The micro drives market is set to grow at a CAGR of 4.3% by 2034. Micro power range low voltage drives are gaining traction owing to rising industrial automation, energy efficiency mandates, and the growth of MSMEs. These compact drives offer reliable motor control, reduced energy consumption, and easy integration into small-scale systems. Favorable government incentives, increasing demand for cost-effective solutions, and expanding manufacturing sectors across emerging economies in the region is augmenting the business landscape.
  
• Based on the rating, the market can be primarily categorized into 2.2 kW, 7.5 kW - 22 kW, 2.2 - 7.5 kW, 7.5 kW - 22 kW, 22 kW - 75 kW, ≥ 75 kW - 110 kW, ≥ 110 kW - 500 kW, and ≥ 500 kW. The demand for 2.2 kW low voltage drives is rising significantly across the Asia-Pacific, is driven by strict energy efficiency regulations and the growing adoption of automation in industries such as manufacturing, automotive, oil & gas, and food & beverage. These drives offer reliable performance and energy savings, which is set to accelerate product adoption across businesses aiming to enhance operational efficiency while complying with evolving sustainability standards.
  
• The 111 kW-500 kW LV drives industry is anticipated to witness significant momentum on account of the rising cooling requirements, rising consumer income, and growing commercialization. Operational efficiency of these units across the industrial sector including manufacturing and processing industries will further boost product adoption. Furthermore, stringent government mandates to promote environmental sustainability coupled with the rising electricity demand will stimulate the business landscape.
  

• Based on the drive, the Asia Pacific low voltage drives market is segmented into AC, DC and servo. The AC segment holds 76.2% market share in 2024 with a 4.7% CAGR by 2034. The low voltage AC drives market is witnessing strong momentum, fueled by continuous technological innovation such as smart features, IoT integration, and enhanced performance capabilities. Growing investments in industrial automation and the adoption of Industry 4.0 technologies, including robotics and intelligent systems, are positively shaping the business dynamics.
  
• AC drives are increasingly preferred for their scalability and adaptability, making them suitable for both large-scale industrial operations and smaller setups further accelerating product adoption. These electronic devices regulate motor functions including speed, torque, hastening, deceleration, and rotation direction by adjusting the frequency of the electrical supply for enhancing operational efficiency and productivity further accelerating product deployment.
  
• For instance, in December 2024, Yaskawa Electric introduced the LA700 drive for the Japanese elevator market, designed to enhance ride comfort and simplify setup. Building on the L1000A, these units feature improved auto-tuning and an interactive setup wizard, addressing key customer needs and streamlining adjustment processes.
• The DC drives market is set to gain significant momentum on account of a paradigm shift toward the adoption of smart & advanced technologies and escalating investments in the manufacturing sector. The product offers key benefits including easy implementation, higher efficiency, operator-friendliness, and cost-effectiveness, boosting product demand. Furthermore, the rising adoption across regenerative, high-power, and several other industrial applications will encourage product deployment.
  
• For instance, in December 2024, Oriental Motor introduced the BLS Series Brushless DC motors with a 24V DC Universal Drive, offering a compact, energy-efficient alternative to traditional motors. Designed for simple speed control, the series supports a wide speed range and multiple output options. With versatile motor types and a slim, universal driver covering 25–120 W, it provides a flexible solution for various industrial applications requiring space-saving and high-performance operation.
  
• Servo segment was evaluated at USD 1.1 billion in 2024. The servo drives market is expected to experience significant growth, driven by ongoing advancements in industrial automation and a rising demand for precise motor and motion control solutions. Supportive government policies aimed at promoting environmental sustainability are also contributing to this upward trend. Additionally, the integration of Industrial Internet of Things (IIoT) technologies and a strong emphasis on innovation are enhancing system performance and energy efficiency, further shaping the industry outlook.
  
• Leading companies in the industry sector are actively focusing on product innovation and expanding their manufacturing capabilities, which is helping to shape the industry's growth. The implementation of strict environmental regulations aimed at minimizing industrial emissions, along with the cost benefits of adopting energy-efficient technologies, is expected to drive wider product adoption across various applications.
  
• For instance, in September 2024, Hopewind Electric successfully exported its variable frequency drives to Indonesia for PT. Lautan Steel’s 1450 mm hot rolling project. The company supplied and commissioned nine medium-voltage drive systems totaling 130 MW, marking the first export of domestic VFDs for a metallurgical hot rolling line. The project also features Hopewind’s HD2000 low-voltage VFDs, known for high overload capacity and system stability, supporting efficient, low-carbon steel production and enhanced industrial performance.
  
• The regenerative low voltage drives market is projected to grow owing to technological advancement and retrofitting existing machinery. These units offer vital benefits including variable operation flexibility, easy installation, and low maintenance that will continue to increase the unit deployment. Continuous automation of big industrial houses and positive outlook toward energy concentrated industries further complementing the industry landscape.
  
• The closed loop low voltage drives industry is anticipated to gain momentum on account of research and development in drives technology and expansive operation requirements. Increasing compact and high functional equipment demand across the industrial sector is further providing a positive momentum for product adoption.
  

• China dominated the Asia Pacific low voltage drives market with around 46.9% share in 2024 and generated USD 4.2 billion in revenue. The growing emphasis on improving energy efficiency, along with the accelerated adoption of advanced technologies to optimize manufacturing operations, is complementing the industry landscape.
  
• Increasing emphasis on clean energy production, rising industrial investments, and the push to reduce energy consumption are reshaping the industrial landscape. supportive government policies promoting the adoption of Industry 4.0 technologies including automation and smart manufacturing are accelerating transformation across various production sectors. Significant efforts driving innovation, improving operational efficiency, and fostering sustainable growth, positively influencing business strategies, further enhancing industry outlook.
  
• For instance, in March 2024, China revised its energy intensity targets for the year to better align with its broader climate goals set for medium & long term. The National Development and Reform Commission highlighted challenges in meeting previous targets due to rapid increases in both industrial and residential energy consumption. The updated strategy reflects China’s commitment to improving energy efficiency and advancing its carbon reduction efforts.
  
• Japan low voltage drives market is projected to surge over USD 2.3 billion by 2034. Rising automation across manufacturing processes, growing industrialization along with expansive automated technology penetration is shaping the business dynamics. Government regulatory standards and norms to install energy-efficient structures coupled with the enhanced manufacturing practices will foster the business landscape. Increasing technical advancements inclined at high operational efficiency of electrical systems and products along with digitalization will drive the industry outlook.
  
• For instance, in May 2024, Japan’s Ministry of Trade and Economy unveiled a strategic roadmap focused on boosting energy efficiency and accelerating the shift to non-fossil energy sources. The plan outlines key technological areas essential for achieving carbon neutrality by 2050. It also emphasizes support for research and development efforts, aiming to drive innovation and promote the commercialization of emerging clean energy technologies.
  
• India low voltage drives market was evaluated at USD 908.5 million in 2024. The growing emphasis on reducing industrial emissions and enhancing energy efficiency is expected to positively shape market dynamics. To meet these goals, industries are increasingly integrating intelligent technologies like IoT, AI, and machine learning into their operations. These tools enable real-time monitoring of energy usage, predictive maintenance, and optimization of production processes, leading to reduced waste and improved efficiency.
  
• For instance, in June 2024, the Government of India launched the National Program on Artificial Intelligence, aimed at advancing skill development, improving data infrastructure, and establishing a centralized AI hub to promote responsible AI adoption across sectors, including manufacturing.
  
• Australia low voltage drives market holds a market share of 2.7% in 2024. Robust and increasing automotive sector owing to favorable tax schemes, low import tariffs, and high per capita disposable income is shaping the business landscape. Heavy investments across industrial automation, electric vehicles and its related accessories and the charging infrastructure will further stimulate product adoption. Moreover, the government has formulated favorable policies for industrial expansion and adoption of energy efficient and reliable motor control solutions, further augmenting the business landscape.
  
• For instance, in August 2025, the Australian Government launched the Powering Australia initiative to lower energy costs and reduce emissions by expanding renewable energy use. The plan includes actions across climate leadership, energy, transport, industry, agriculture, and carbon farming. The National Energy Performance Strategy supports this by improving energy efficiency in homes, businesses, and infrastructure through coordinated efforts.
  
• The South Korea low voltage drives industry is set to grow at a CAGR of 5.1% from 2025 to 2034. Increasing industrial automation, strong focus on energy efficiency and adoption of advanced motor control systems to optimize operations and reduce power consumption is complementing the industry landscape.
  
• Ongoing integration of smart technologies, compact drive designs, and enhanced connectivity for real-time monitoring is accelerating the product deployment. Supportive government initiatives promoting sustainable manufacturing and digital transformation are further encouraging the adoption of low voltage drives across various sectors, including automotive, electronics, and process industries.
  

Asia Pacific Low Voltage Drives Market Share

• Major 5 players operating across the Asia Pacific low voltage drives industry include ABB, Siemens, Danfoss, Fuji Electric, and Mitsubishi Electric Corporation contribute over 33% of the market share in 2024.
  
• The major manufacturers operating across the Asia Pacific low voltage drives industry are aiming for research & innovation, expanding product portfolio making space for emerging technologies. Leading industry players are increasingly pursuing mergers, acquisitions, joint ventures, and strategic alliances to strengthen their market position and expand their global footprint. These collaborative efforts not only enhance brand recognition and marketing effectiveness but also enable companies to achieve economies of scale and introduce differentiated products.
  
• Over the past three years, the Asia-Pacific low voltage drives market witnessed significant momentum, showing resilience amid global economic pressures. By 2024, improved supply chain stability and a heightened focus on energy reliability accelerated adoption. Moreover, in 2025, infrastructure expansion in developing countries, along with growing emphasis on emission reduction and energy-efficient technologies, is set to further accelerate product deployment across a wide range of industrial sectors.
  
• Danfoss offers low voltage drives for industrial processes and various applications for space saving and improving energy efficiency. The iC7-Automation drive offers high reliability, advanced connectivity, and built-in safety features like STO SIL3. Its modular design and support for multiple communication protocols make it ideal for Industrial IoT applications and system optimization.
  
• ABB’s lifecycle management approach ensures optimal drive performance and availability, offering tailored services throughout each product phase. Its servo solutions support diverse industries like packaging, textiles, and electronics with precise motion control. Additionally, the company’s water and wastewater drives improve energy efficiency and system reliability, enabling effective pump operations across various power ranges.
  
• Fuji Electric offers a broad range of variable speed drives, from basic to high-performance models, tailored for specific applications like fans, pumps, and cranes to maximize operational efficiency. The company’s FRENIC series of Variable Speed Drives offers a versatile range from basic to advanced models, designed for easy maintenance, energy efficiency, and adaptability across various industrial applications like fans, pumps, and conveyors.
  

Asia Pacific Low Voltage Drives Market Companies

Major players operating in the Asia Pacific low voltage drives industry are:

• ABB
• Bosch Rexroth (India) Private Limited
• Beckhoff Automation
• CG Power & Industrial Solutions Ltd.
• Danfoss
• Delta Electronics, Inc.
• Emerson Electric Co.
• Eaton
• Erhardt+Leimer
• Fuji Electric Co., Ltd.
• GE Vernova
• Hitachi Hi-Rel Power Electronics Private Limited
• Hiconics Eco-energy Technology Co., Ltd.
• LS ELECTRIC Co., Ltd.
• Mitsubishi Electric Corporation
• Nidec Conversion
• Rockwell Automation
• Schneider Electric
• Siemens
• WEG
• YASKAWA ELECTRIC (SINGAPORE) PTE LTD

• Danfoss reported revenue of about USD 11.4 billion in 2024, reflecting a 9% year-over-year decline. Despite this, the company maintained strong focus on innovation, investing USD 573 million, equivalent to 5% of its total sales. Danfoss low voltage drives are designed to deliver energy efficiency, precision, and reliability across a wide range of industrial applications. With advanced control features, seamless integration, and support for smart automation, these drives help optimize performance while reducing energy consumption. Their robust design, compliance, and lifecycle services for industries aiming to enhance productivity and sustainability is favored by several customers.
  
• ABB reported Q2 revenues of USD 8.9 billion in Q2 2025, marking an 8% year-over-year increase and 6% comparable growth. For 2024, the company recorded total revenue of USD 32.9 billion. The company’s offers one of the most extensive ranges of low voltage AC drives, for various voltage and power ranges, known for their reliability, flexibility, and ease of use and are available off-the-shelf or custom-built for complex needs. ABB’s all-compatible drives simplify installation and operation across industries with built-in features, while its lifecycle services ensure long-term performance and process continuity.
  
• Siemens reported strong performance in Q3 2025, with a 28% rise in comparable orders and a 3% revenue increase, reaching USD 22.6 billion. In 2024, total revenue stood at USD 88.5 billion. Siemens’ SINAMICS low voltage AC drives offer one of the most comprehensive ranges, covering general to high-performance needs across industrial motion applications. Widely adopted, these drives are known for their reliability, versatility, and strong service support, making them a trusted choice across industries.
  
• Mitsubishi Electric, a Japan-based company, reported USD 34.93 billion in sales for 2024, and USD 8.72 billion first quarter of 2025. The company offers a wide range of variable frequency inverters that allow flexible speed control of three-phase induction motors. These high-performance, eco-friendly models comply with global standards and suit various applications.
  

Asia Pacific Low Voltage Drives Industry News

• In April 2025, CHINT introduced the NVF2L Compact Micro Drive, designed to meet modern industrial demands for precision, space efficiency, and adaptability. Featuring advanced vector control, it ensures accurate motor performance and energy savings across applications like conveyors, pumps, and HVAC systems. Its slim, book-style design reduces installation space by 20% and offers enhanced protection against dust, moisture, and vibration, ideal for harsh environments. The NVF2L is well-suited for sectors such as food processing, logistics, water management, and climate control, delivering reliable operation and reduced maintenance.
  
• In April 2025, OMRON introduced the J1 inverter, a compact and budget-friendly solution ideal for basic automation needs where space, cost, and reliability are key. Designed for applications like conveyors, mixers, fans, and pumps across industries such as food & beverage, agriculture, and HVAC, the J1 offers advanced features typically found in higher-end models. It supports power ranges from 0.4 to 2.2 kW (single-phase 200V) and up to 3.7 kW (three-phase 400V), with functions like V/f control, PID, torque vector control, overload protection, and energy-saving modes.
  
• In February 2025, Delta showcased its advanced automation solutions at ELECRAMA 2025, including high-speed articulated and SCARA robots, CNC controllers, PMa Synchronous Reluctance Motor MSI, and the APF3000 active power filter. Additionally, the company highlighted its VP3000 drive system for fans, pumps, and compressors, featuring IE4/IE5 motors, and its VTScada software, which enhances smart manufacturing through real-time monitoring, control, and predictive maintenance.
  
• In October 2024, HD Hyundai developed a high-capacity low-voltage variable frequency drive (LV VFD), a crucial component for ship electrification. This advanced drive enhances energy efficiency by adjusting motor speed and plays a central role in shaft generator systems that convert propulsion energy into electricity. Featuring grid-forming technology and sensor less motor control, the LV VFD improves power usage and system precision. With this innovation, HD Hyundai can now independently produce all components of its shaft generator systems using in-house technology.
  
• In February 2024, ABB launched the ACH180 series, an advanced line of variable frequency drives tailored for HVACR systems. These drives feature a space-saving design and offer precise motor control, making them cost-effective and easy to integrate into electrical cabinets. Engineered for a wide range of commercial environments such as hotels, data centers, and shopping complexes, the ACH180 drives are energy-efficient and compatible with both permanent magnet synchronous motors and traditional induction motors.
  

The Asia Pacific low voltage drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (000 Units) and revenue (USD Million) from 2025 to 2034, for the following segments:

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Market, By Power Range

• Micro
• Low

Market, By Capacity

• < 2.2 kW
• 2.2 kW - < 7.5 kW
• 7.5 kW - < 22 kW
• 22 kW - < 75 kW
• ≥ 75 kW - <110 kW
• ≥110 kW - < 500 kW
• ≥ 500 kW

Market, By Drive

• AC
  • Efficiency Class
    • IE 1
    • IE 2
    • IE 3
    • IE 4
    • Others
• DC
• Servo

Market, By Technology

• Standard
• Regenerative

Market, By System

• Open loop
• Closed loop

Market, By Application

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

Market, By End Use

• Oil & Gas
• Power generation
• Food processing
• Automotive
• Mining & metals
• Pulp & paper
• Textile
• Marine
• Others

The above information has been provided for the following countries:

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