Asia Pacific Large Scale Variable Frequency Drives Market Analysis

Asia Pacific Large Scale Variable Frequency Drives Market Analysis

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Asia Pacific low voltage large scale VFD industry is projected to cross USD 480 million by 2032 on account of the continuous expansion of grid infrastructure along with increasing demand for sustainable equipment with minimal mechanical & operational costs. Ongoing technological innovations in order to improve the motor systems in line with favorable government norms focusing on the development of sustainable building infrastructure will sway the low voltage drives industry growth.
 

Paradigm shift toward the integration of effective monitoring and control systems across small and large applications in line with rising demand to adapt motor speed according to the actual requirements to contribute toward reduced energy losses will stimulate the industry landscape. Moreover, extensive demand for high performance drives across the industrial applications including marine, oil & gas, and power generation, among others, in line with continuous advancement of grid infrastructure will fuel the medium voltage drives industry trend.
 

Pump segment is projected to witness over 5% till 2032 on account of a positive outlook toward energy savings in line with significant efforts across the major players to provide efficient systems with low maintenance. Continuous retrofitting activities across the large commercial & industrial operations to enable low energy losses will stimulate the demand of large scale VFDs. In addition, increasing requirement of large drives across chemical & petrochemical industries to offer efficient process operation and increased energy savings will cater to the product demand.
 

China large scale variable frequency drives industry is projected to surpass USD 760 million by 2032. Continuous research & development activities focusing to improve the operational characteristics primarily of the large capacity motors & drives along with the mounting investments from domestic and international establishments will shape the country's industry outlook. For instance, in March 2024, the Chinese Ministry of Commerce confirmed that the total foreign direct investment (FDI) realized in the country equaled USD 189.1 billion in 2022, rising above 4.5% annually from USD 180.9 billion in 2021. Moreover, rising efforts toward maximizing the energy security along with continuous retrofitting activities across the commercial & industrial sectors will further accelerate the business landscape.