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Asia Pacific Variable Frequency Drives Market Share

Report ID: GMI6590
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Variable Frequency Drives Market Share

Key players operating across the Asia Pacific variable frequency drives market are focusing on forming strategic partnerships & alliances, mergers and acquisitions. to strengthen their industry presence and to introduce new technological innovations. Major players operating in the global market are:

Siemens
Johnson Controls
Emerson Electric Co
ABB
Schneider Electric
TMEIC
Eaton
Fuji Electric Co. Ltd.,
Rockwell Automation
YASKAWA ELECTRIC (SINGAPORE) PTE LTD,
WEG
Danfoss
Hitachi Hi-Rel Power Electronics Private Limited
Nidec Motor Corporation
CG Power & Industrial Solutions Ltd.
General Electric
Invertek Drives Ltd.
Hiconics Eco-energy Technology Co., Ltd.
Bonfiglioli
Teco Electric & Machinery Pte Ltd.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of variable frequency drives in APAC was reached USD 9.5 billion in 2023 and is set to grow at a 4.8% CAGR through 2032, backed by the increasing demand for energy-efficient solutions.

Asia pacific medium voltage drives market was evaluated at over USD 820 million in 2022 and is poised for rapid expansion driven by the extensive adoption across heavy-duty industrial applications for effectively managing significant load-bearing requirements.

AC drives segment is anticipated to witness a growth rate of over 5% through 2032, on account of the rising need for consistent and dependable power supply to counterbalance the escalating electricity consumption.

Nidec Motor Corporation, CG Power & Industrial Solutions Ltd., General Electric, Invertek Drives Ltd., Hiconics Eco-energy Technology Co., Ltd., Bonfiglioli and Teco Electric & Machinery Pte Ltd, among others.