Asia Pacific Medium Voltage Drives Market

Asia Pacific Medium Voltage Drives Market Size

Asia Pacific medium voltage drives market was estimated at USD 1.01 billion in 2025. The market is expected to grow from USD 1.07 billion in 2026 to USD 1.84 billion in 2035, at a CAGR of 6.2%, according to a recent study by Global Market Insights Inc.

• Ongoing integration of advanced operating systems across heavy-duty applications and paradigm shift toward adoption of reliable motor control solutions across various industrial sectors will complement industry landscape. Growing inclination toward energy efficiency and sustainability along with increasing automation have accelerated demand for IoT-enabled solutions that improve predictive maintenance and enhance operational reliability further augmenting industry outlook.
  
• Introduction of stringent energy efficiency regulations along with focus on reducing energy and operational cost through digitalization will significantly contribute to industry growth. Significant initiatives to minimize energy consumption and operational losses, coupled with industries prioritizing compliance, cost optimization, is driving the adoption of advanced technologies further shaping business dynamics.
  
• For instance, China's National Development and Reform Commission (NDRC) introduced revised measures for carbon emission assessment of fixed-asset investment projects and Energy Conservation Review, effective from September 2025. The plan shifts from dual energy-control targets to dual carbon-control targets, prohibiting county-level review delegation for high-energy and high-emission projects.
  
• Flourishing investments and expenditure toward development of industrial infrastructure along with supportive policies for clean energy transition and growing need for advanced motor control solutions across manufacturing processes is shaping business dynamics.
  
• For instance, in April 2024, to align with the government’s new industrial policy, the Future Made in Australia initiative introduces a comprehensive budget package worth USD 15 billion. These measures are designed to maximize economic and industrial benefits from the transition to net-zero emissions while enhancing nation’s dynamics toward economic and strategic environment.
  
• China holds a dominant share across the Asia Pacific medium voltage drives market owing to flourishing investments toward development of industrial infrastructure, accelerating automation, growing need for reliable motor control solutions, driven by efforts to optimize energy efficiency, is accelerating the adoption of eco-friendly medium-voltage drives.
  
• For instance, in February 2025, National Development and Reform Commission of China revealed a government supported venture capital fund targeting robotics, AI, and advanced manufacturing. The initiative aims to attract around USD 138 billion investments over 20 years from public and private sources, reinforcing industrial automation and innovation.
  
• India is emerging as the fastest-growing region in Asia Pacific medium voltage drives market, driven by rising investments in heavy-duty industrial operations, coupled with the construction of modern infrastructure equipped with advanced technologies. Increasing demand for high-efficiency solutions that enhance reliability and operational performance across large-scale HVAC systems, along with evolving technological and energy efficiency requirements across industries will complement business outlook.
  
• For instance, in November 2025, Adani Defence and Aerospace plans to triple investments to around USD 1.67 billion, significantly scaling indigenous ammunition manufacturing capabilities in India. Medium-calibre ammunition production will commence in January 2027 with eight million rounds annually, while large-calibre output begins early next year. These initiatives aim to eliminate import dependence and establish a fully indigenous supply chain, strengthening India’s defence manufacturing ecosystem.
  

Asia Pacific Medium Voltage Drives Market Trends

• The market is anticipated to witness robust growth, owing to substantial investments in industrial development, coupled with growing emphasis on advanced technologies and industrial internet of things. Rising demand for enhanced motor control solutions to enhance operational efficiency, improve productivity, reduce energy consumption, through optimized system sizing and improved energy performance across diverse industrial sectors will augment product deployment.
  
• Rising adoption of advanced technological solutions, coupled with growing emphasis on energy efficiency driven by stringent regulatory frameworks by respective authorities to reduce emissions will positively influence business dynamics. Increasing electricity consumption and escalating need for optimized power utilization, operational improvements, and advanced drives across industrial applications will positively influence Asia Pacific variable frequency drives industry outlook
  
• For instance, in May 2024, China’s State Council introduced an action plan for 2024–2025 aimed at accelerating energy conservation and carbon emission reduction in line with the final phase of the 14th Five-Year Plan. The initiative sets clear efficiency and emission targets for sectors such as steel, petrochemicals, non-ferrous metals, and building materials, supporting China’s commitment to achieve its 2030 carbon peak objectives and sustainable industrial development.
  
• Flourishing investments in heavy industrial operations, coupled with the development of new infrastructure equipped with advanced technologies including large-scale HVAC systems, will shape industry dynamics. Rising demand for efficient power solutions to enhance operational capabilities, and accelerate modernization across key sectors, will further complement industry landscape.
  
• For instance, in July 2024, Xi'an Noker Electric introduced the NK500 series high-performance frequency inverter to meet growing demand for advanced motor control solutions. It offers superior vector control, supports synchronous and asynchronous motors, multiple encoder options, and customizable expansion cards. Features include high torque at low speeds, space-saving design, large LCD interface for diagnostics, and robust three-proof PCB protection, ensuring reliability and efficiency for diverse industrial applications.
  

Asia Pacific Medium Voltage Drives Market Analysis

• Based on power range, the industry is segmented into ≤ 1 MW, 1 MW - 3 MW, 3 MW - 7 MW and > 7 MW. The 1 - 3 MW segment dominated Asia Pacific medium voltage drives market accounting for over 31% market share in 2025 and is set to grow at a CAGR of above 6% through 2035.
  
• Advancements in motor control technologies, coupled with the development of next-generation production systems focused on enhancing efficiency and reliability, are driving product adoption. Industries are prioritizing sustainable equipment that reduces operational and maintenance costs along with government initiatives promoting green infrastructure and stringent regulations aimed at minimizing downtime, further augmenting industry landscape.
  
• For instance, in September 2025, INVT’s showcased advanced solutions for port automation at 2025 Smart Port Conference, held in Qingdao China. Focusing on container and bulk cargo terminals, the company presented end-to-end drive systems for quay cranes, RTGs, AGVs, and ship loaders. Featuring GD5000 medium voltage drives and GD880 converters, these technologies ensure high reliability and efficiency under demanding port operations.
  
• The ≤ 1 MW segment is set to surpass USD 480 million by 2035. Rising demand for compact, reliable, and cost-effective solutions across small-scale industries along with increasing automation across HVAC systems, and water treatment facilities. Increasing adoption of energy-efficient solutions in commercial buildings and domestic manufacturing units along with rise of smart building technologies and IoT-enabled systems to enhance operational efficiency, will accelerate product deployment for precise control.
  
• The Asia Pacific medium voltage drives market from 3 - 7 MW power range segment was evaluated at over USD 220 million in 2025. These drives are witnessing significant momentum owing to rising demand from heavy industries including steel, cement, and mining, requiring torque and robust performance coupled with adoption of advanced automation and predictive maintenance technologies. Expansion of renewable energy projects requires MV drives for efficient power conversion and grid integration along with supportive government policies promoting industrial efficiency and carbon reduction will accelerate product adoption.
  
• For instance, in March 2025, Emotron launched new compact high-power Drives and Softstarters, featuring innovative Power Electronic Building Blocks for enhanced performance. FDU/VFX drives now offer up to 4 MW capacity, 30% reduced size, 98% efficiency, low harmonic distortion (THDi <5%), IP54 cabinets, wireless connectivity, and modular PEBB design.
  
• Medium voltage drives with > 7 MW power range is set to grow at a CAGR of 6.3% by 2035. Growing demand for high-capacity motor control systems coupled with rising need for energy-efficient solutions across ultra-large industrial applications, including oil and gas, petrochemicals, and large-scale power generation is accelerating product demand. Furthermore, decarbonization efforts and stringent emission norms are compelling industries to replace conventional systems with advanced drives that optimize energy consumption, reduce carbon footprint, and support long-term sustainability objectives.
  

• Based on application, the Asia Pacific medium voltage drives market is categorized into cranes & hoists, pump, compressor, fan, conveyor, extruder, and others. Cranes & hoists dominated market accounting for around 14.9% market share in 2025 and is set to grow at a CAGR of 6% through 2035.
  
• The cranes and hoists segment is witnessing robust growth driven by rapid industrialization, infrastructure development, and expansion of manufacturing facilities across the region. Increasing investments in construction, mining, and logistics sectors are fueling demand for advanced lifting solutions along with ongoing adoption of automation and smart control systems to enhance operational efficiency, will stimulate industry growth.
  
• For instance, in January 2025, INVT successfully modernized a 25-year-old auxiliary hoisting system for a mining client in China, replacing traditional resistance speed control with a permanent magnet synchronous motor and GD5000 medium-voltage four-quadrant VFD. Featuring enhanced architecture and advanced vector control, the solution delivers precise regulation, smooth operation, and energy efficiency ensuring reliable performance.
  
• Pump application witnessed a market share of over 11% in 2025 and is set to grow owing to ongoing technological advancements enabling precise control of pump speed and output, significantly improving efficiency and system management. Medium-voltage drives play a pivotal role in minimizing downtime and reducing maintenance costs across water distribution, wastewater treatment, irrigation, HVAC, and other industrial sectors, ensuring reliable performance and operational sustainability.
  
• For instance, in January 2025, Shanghai Laogang Renewable Energy Utilization Center processes 3,000 tons of municipal waste daily, generating approximately 250 million kWh annually while consuming 200 million kWh online. The facility employs 13 units of STEP AS800 medium voltage drives across primary fans, feedwater pumps, and circulating pumps, ensuring efficient operation, reduced grid impact, and optimized performance.
  
• The fan application is anticipated to grow at a CAGR of 6.2% by 2035. Increasing integration of medium voltage drives in fan systems across power generation, mining, and HVAC sectors to enhance energy efficiency, precise speed regulation, and reduced mechanical stress, for large centrifugal and exhaust fan operations. rising demand for energy-efficient solutions, compliance with stringent environmental regulations, increasing industrial automation, and expanding HVAC infrastructure in commercial and industrial facilities will augment industry outlook.
  
• On the basis of drive, the industry is segmented into DC, AC, and servo. The AC drives segment is anticipated to grow owing to increasing adoption of intelligent motor control systems, coupled with implementation of advanced manufacturing practices and Industry 4.0 initiatives.
  
• Rising demand for medium voltage AC drives owing to the integration of IoT and smart technologies along with focus toward development of heavy-duty industrial processes. Growing investments in industrial automation and the adoption of Industry 4.0 are driving the adoption of MV drives, as modern robotics and smart systems increasingly rely on high-performance AC drives for efficiency and precision.
  
• For instance, in December 2024, INVT implemented its GD5000 Series medium voltage VFD in a coal chemical project in Hami, Xinjiang, replacing traditional soft starters that caused high inrush currents and grid voltage drops. The customized solution enables seamless one-to-three load switching, smooth VFD-to-AC transitions, and stable operation within 5–50 Hz, optimizing energy efficiency, reducing startup impact, and ensuring uninterrupted process performance.
  
• DC drives market is anticipated to witness significant growth, driven by increasing environmental awareness, stringent government regulations, and favorable initiatives to reduce carbon emissions from industrial processes. Shifting focus on energy efficiency, precise motor control and optimize energy consumption along with widespread adoption of these units across manufacturing, transportation, and renewable energy applications will complement business landscape.
  
• For instance, in July 2024, MEAN WELL introduced the VFD series to support high-efficiency BLDC motor applications, offering PFC, three-phase gate drivers, and multiple sensors for streamlined design. A reference daughterboard with integrated motor control IC enables quick configuration via PC interface. Additionally, the VFD-350-230 demo kit showcases capabilities and assists in developing advanced three-phase motor solutions.
  

• China dominated the Asia Pacific medium voltage drives market with around 47% market share in 2025 and generated USD 477.6 million in revenue. Flourishing investments in modernization and energy-efficient infrastructure along with elevated expenditure across heavy duty industrial applications is propelling industry growth. Rising demand for reliable motor control solutions, along with government-led policy frameworks focused on improving energy efficiency continue to drive technological innovation, fostering widespread adoption of advanced solutions across diverse industrial sectors.
  
• For instance, in December 2025, INVT and Reitz announced a strategic collaboration to advance energy-efficient technologies during the Global Dual-Carbon Energy-Saving Summit in Ganzhou, China. The companies unveiled an integrated high-efficiency drive solution that combines INVT’s expertise in variable frequency control with Reitz’s magnetic levitation innovations. Both players highlighted the need for sustainable industrial transformation, enhancing system reliability and supporting green development in high-energy-consuming sectors.
  
• India medium voltage drives market is anticipated to grow over USD 160 million by 2035. Rapid industrialization and the expansion of sectors such as metals, cement, oil & gas, and power generation along with initiatives promoting energy conservation, renewable integration, and sustainable industrial development are shaping industry dynamics. The rise of automation and smart manufacturing coupled with government policies focused on expansion and energy conservation and sustainable industrial development are contributing to the industry growth.
  
• For instance, in March 2024, YASKAWA India inaugurated its Engineering Excellence Centre in Bangalore, reinforcing its commitment to industrial automation and innovation. The facility includes an EHS Experience Centre and a Robotics Experience Centre, offering immersive platforms for learning and collaboration. Customers witnessed live demonstrations of drives and panels, showcasing company’s advanced solutions aimed at enhancing operational efficiency across India’s industrial sector.
  
• Japan medium voltage drives market is set to witness a CAGR of over 6% from 2026 to 2035. Rapid decarbonization and net-zero emissions targets and flourishing heavy investment in energy-efficient infrastructure and automation is driving demand for advanced motor control solutions. Expansion in renewable capacity and increasing integration of digital and predictive technologies into heavy industries require advanced MV drives with superior control and intelligence.
  
• For instance, in October 2025, around 20 Japanese and U.S. companies, including SoftBank, Mitsubishi Electric, and Hitachi, expressed interest in projects under Tokyo’s USD 550 billion investment commitment. As a part of the trade agreement, this collaboration will cover sectors including energy, AI infrastructure, and critical minerals, representing up to USD 400 billion in investments, reinforcing bilateral trade and industrial collaboration.
  
• South Korea medium voltage drives market was valued at over USD 20 million in 2025. Increasing investments in infrastructure, coupled with rising need to reduce operational costs and improve reliability, and enhance industrial efficiency will augment industry landscape. Furthermore, shifting focus toward intelligent AI systems and Industry 4.0 innovation is accelerating demand motor control systems to optimize performance while ensuring energy resilience.
  
• For instance, in February 2025, South Korea announced an investment od around USD 152.9 million to build or convert 81 eco-friendly vessels. The plan includes 34 electric or hybrid ships, 15 retrofitted with diesel particulate filters, and support for 20 private-sector vessels. This initiative aims to reduce greenhouse gas emissions and accelerate the nation’s transition to sustainable maritime operations.
  

Asia Pacific Medium Voltage Drives Market Share

• Major 5 players operating across the Asia Pacific medium voltage drives industry include ABB, Siemens, Danfoss, Nidec, and GE Vernova contribute around 44% of the market share in 2025.
  
• Manufacturers operating in the Asia Pacific medium-voltage drives industry are adopting key strategies including partnerships, collaborations, projects, mergers and acquisitions reinforcing their market position and meeting evolving customer demands. These firms are investing in next-generation drive technologies that deliver superior energy efficiency, enhanced performance, and seamless integration with industrial automation systems. These companies hold majority of the market share owing to their extensive product portfolios, innovations in variable frequency drives technologies, and well-developed strategic positions.
  
• The Asia-Pacific medium-voltage drives market has witnessed significant resilience over the past three years, despite facing economic uncertainties. In 2024, improved supply chain stability coupled with growing emphasis on energy reliability significantly accelerated product deployment across key industries. Moving into 2025, the industry witnessed large-scale infrastructure development initiatives, stringent emission reduction mandates, and an increasing preference for energy-efficient technologies driving product demand across various industrial processes.
  
• Danfoss offers the VACON 3000, an advanced medium-voltage drive designed to support flexible configurations, seamless system integration, and simplified maintenance. This modular MV drive series provides system integrators and OEMs with an innovative approach to achieving superior performance, precisely customized to meet the specific requirements of each application.
  
• ABB offers wide range of medium voltage drives for various industrial applications and processes. The company offers ACS8080 next-generation MV drives, that delivers superior reliability and adaptability for diverse industrial applications. Featuring advanced digital technology, it ensures seamless integration, enhanced safety, and long-term efficiency, reducing total ownership costs while optimizing production and manufacturing performance.
  
• GE Vernova offers medium voltage drives including MV6 Series that deliver industry-leading power density, exceptional durability, advanced fault-tolerance capabilities, superior power quality and efficiency, enabled by the company’s patented NPP technology. The MV6 Series is among the most versatile MV drive solutions available, offering configurations across a voltage range of 3.3 kV to 6.9 kV and power ratings from 0.2 MW to 6.6 MW.
  
• Nidec’s medium-voltage drives are engineered to enhance plant flexibility and operational efficiency, delivering substantial long-term cost benefits through reduced energy consumption. The company’s Silcovert TH is an advanced medium voltage variable speed drive ideal for retrofit projects, enhancing efficiency and sustainability. Featuring multi-level IGBT technology, precise motor control, PWM for low losses, water cooling for high power, and full compatibility with existing systems.
  

Asia Pacific Medium Voltage Drives Market Companies

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

• ABB
• Beijing Hiconics Eco-energy Technology Co., Ltd.
• Danfoss
• Delta Electronics
• Eaton
• Emerson Electric
• Fuji Electric
• Fujian Raynen Technology Co., Ltd.
• GE Vernova
• Hitachi Industrial Products, Ltd.
• Nidec Industrial Solutions
• Rockwell Automation
• Schneider Electric
• Shenzhen INVT Electric Co., Ltd
• Siemens
• Teco Electric & Machinery Pte Ltd
• TMEIC
• TRIOL CORPORATION
• VEM Group
• WEG
• Yaskawa Electric
  
• Danfoss reported revenue of USD 5.5 billion for the first half of 2025, following total sales of around USD 11.3 billion for the full year 2024. Danfoss Drives collaborates with a network of qualified partners to redefine standards in the MV drives market, delivering innovative solutions beyond conventional expectations. For operators and owners of systems equipped with medium-voltage drives, this partnership enables in-depth consultation with company’s partners to design solutions that incorporate the precise features and performance characteristics required for optimal application outcomes.
  
• ABB reported revenue of USD 25.9 billion for the first nine months of 2025, and total revenue of USD 32.9 billion recorded for the full year 2024. The company’s portfolio of medium-voltage AC drives includes a broad power range from 200 kW to over 150 MW, delivering dependable, high-performance solutions suitable for industrial operations and utility applications including mining, cement, water and wastewater, power, oil and gas pulp, and paper among others.
  
• Siemens recorded a revenue of USD 91.7 billion for the year 2025, compared to USD 88.3 billion in total revenue for 2024. The company provides SINAMICS medium voltage drives that deliver exceptional flexibility and performance, supporting motor voltages from 1.4 kV to 13.8 kV and power ratings between 150 kW and 85 MW, ensuring superior reliability, extended service life, and outstanding quality standards.
  
• GE Vernova’s revenue for the first nine months of 2025 was evaluated at USD 27.1 billion compared to total revenue of USD 34.9 billion for the full year 2024. The company offers MV7000 medium voltage drive technology provides efficient and adaptable control of electrical power for a wide range of driven equipment. These drives support induction and synchronous motors, delivering high-performance vector control across various operating speeds. For multi-drive systems requiring motoring and regenerative functions, a shared DC link helps minimize overall equipment costs and reduce installation footprint.
  

Asia Pacific Medium Voltage Drives Industry News

• In October 2025, ABB India introduced a new production line for variable frequency drives which extended its manufacturing capabilities at its Peenya facility in Bengaluru. This expansion boosts domestic capacity by 25%, supports Make in India initiatives, and enables faster delivery with up to 40% reduced lead times. The production line will manufacture high-powered, customized drives for sectors including buildings, water, data centers, cement, and metals.
  
• In January 2025, Midea Hiconics, a leading provider of energy-efficient industrial control solutions, partnered with Tongda Thermal Power in Shanxi to implement an integrated high-power water-cooled VFDs with liquid coupling systems. This project ensures operational reliability and significant energy savings, featuring two 10kV/6300kW VFDs, advanced heat dissipation, and DCS-compatible software upgrades, accelerating product adoption across thermal power plants to reduce costs and enhance efficiency.
  
• In August 2024, TECO Electric & Machinery signed a strategic MOU with Danfoss Taiwan to expand their presence in the Asia-Pacific heavy industry and mining sectors. The partnership combines TECO’s robust motors with Danfoss’ advanced inverter technology to deliver high-efficiency, energy-saving solutions. Targeting resource-rich markets such as Australia and Indonesia, the collaboration focuses on integrated motor-drive packages, joint marketing initiatives, and enhanced technical support to improve operational efficiency and sustainability in mining operations.
  
• In May 2024, Fuji Electric introduced the FRENIC-GS series of industrial drives, designed to reduce power loss and enhance data transmission for improved efficiency and digital transformation in material and assembly industries. Featuring advanced CPUs, optimized cooling structures, and separate communication networks, these drives support decarbonization goals and operational reliability. Targeted applications include steel, paper, cement, petrochemicals, automotive, and harbour cranes, with deployment planned across Japan, China, Southeast Asia, and India.
  

The Asia Pacific medium voltage drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) and revenue (USD Million) from 2026 to 2035, for the following segments:

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Market, By Power Range

• ≤ 1 MW
• 1 - 3 MW
• 3 - 7 MW
• > 7 MW

Market, By Drive

• AC
• DC
• Servo

Market, By Sales Channel

• Direct to end use
• Direct to machine builder
• Direct to systems integrator
• Distribution/partner

Market, By Application

• Pump
• Fan
• Cranes & hoists
• 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