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Asia Pacific Large Scale Variable Frequency Drives Market Share

Report ID: GMI10903
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Large Scale Variable Frequency Drives Market Share

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The major players across the Asia Pacific large scale variable frequency drives industry are extensively focusing on the development of advanced systems through strategic collaborations, new technological development to provide enhanced energy security, reduced power losses, and cost-effective solutions. The prominent market players including Siemens, ABB, Danfoss, Fuji Electric, CG Power and Industrial Solutions Ltd, and Ingeteam, among others, are continuously engaging in organic & inorganic expansion initiatives to boost their customer reach across various geographies.

Asia Pacific Large Scale Variable Frequency Drives Market Companies

Key industry players actively working across the industry includes:

ABB
CG Power & Industrial Solutions Ltd.
Danfoss
Eaton
Fuji Electric Co., Ltd.
Hiconics Eco-energy Technology Co., Ltd.
Ingeteam Power Technology, S.A
NIDEC CORPORATION
Schneider Electric
Siemens
TMEIC
WEG
Xi'an XICHI Electric Co., Ltd.
YASKAWA ELECTRIC CORPORATION

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Asia Pacific large scale variable frequency drives market size was USD 1 billion in 2023 and is expected to register 5.3% CAGR from 2024-2032 owing to increasing inclination towards renewable technologies coupled with positive government efforts in the region.

Asia Pacific large scale variable frequency drives industry from the low voltage segment is expected to cross USD 480 million by 2032 due to continuous expansion of grid infrastructure along with increasing demand for sustainable equipment with minimal mechanical & operational costs.

China large scale variable frequency drives industry is expected reach over USD 760 million by 2032 due to the continuous research & development activities focusing to improve the operational characteristics primarily of the large capacity motors & drives in the country.

ABB, Danfoss, Eaton, Ingeteam Power Technology, S.A, NIDEC CORPORATION, Schneider Electric, Siemens, TMEIC, WEG, Xi'an XICHI Electric Co., Ltd., and YASKAWA ELECTRIC CORPORATION, are some of the major large scale variable frequency drives companies from Asia Pacific.