Home > Semiconductors & Electronics > Automation > Industrial Automation > Asia Pacific AC Drives Market

Asia Pacific AC Drives Market Share

Report ID: GMI11062
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Asia Pacific AC Drives Market Share

Key players in the Asia Pacific AC variable frequency drives industry, including ABB, Yaskawa Electric Corporation, Schneider Electric, Fuji Electric Co. Ltd., Siemens, and GE Vernova, are actively forming strategic alliances and partnerships. These players pursue collaborations, along with introduce innovative technologies, further aim to enhance their competitive edge over the others.

Asia Pacific AC Drives Market Companies

Major manufacturers operating across the industry consists of:

ABB
Bonfiglioli S.P.A.
CG Power & Industrial Solutions Ltd.
Danfoss
Eaton
Emerson Electric Co.
Fuji Electric Co., Ltd.
GE Vernova
Hiconics Eco-energy Technology Co., Ltd.
Hitachi Hi-Rel Power Electronics Private Limited
Invertek Drives Ltd.
Johnson Controls
NIDEC TECHNOMOTOR CORPORATION
Rockwell Automation
Schneider Electric
Siemens
Teco Electric & Machinery Pte Ltd
TMEIC
WEG
YASKAWA ELECTRIC (SINGAPORE) PTE LTD

Authors: Ankit Gupta, Manish Verma

Frequently Asked Questions (FAQ) :

Asia Pacific AC drives market size exceeded USD 7.3 billion in 2023 and is anticipated to witness 5.2% CAGR from 2024 to 2032 due to rising demand for energy-efficient motor control solutions, driven by technological advancements and the integration of motor control with industrial automation.

The low voltage segment in the Asia Pacific AC drives market is set to exceed USD 10 billion by 2032 led by growing automation across industrial applications, shifting focus on energy efficiency, and ongoing technological advancements for enhanced motor controls.

China AC drives industry size is set to exceed USD 5 billion by 2032 led by rising focus to boost energy efficiency and streamlining operations along with inclinations on energy conservation and emission reduction.

ABB, Bonfiglioli S.P.A., CG Power & Industrial Solutions Ltd., Danfoss, Eaton, Emerson Electric Co., Fuji Electric Co., Ltd., GE Vernova, Hiconics Eco-energy Technology Co., Ltd., Hitachi Hi-Rel Power Electronics Private Limited, Invertek Drives Ltd., and Johnson Controls.