Home > Semiconductors & Electronics > Automation > Industrial Automation > Asia Pacific Low Voltage Drives Market

Asia Pacific Low Voltage Drives Market Share

Report ID: GMI5373
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Asia Pacific Low Voltage Drives Market Share

Key manufacturers are actively producing low and medium voltage variable frequency drives and are operating in the Asia Pacific LV drives industry. The industry players are concentrating on establishing strategic alliances, collaborations as well as introducing cutting-edge technologies. Leading companies including Fuji Electric Co., Siemens, ABB, Danfoss, Delta Electronics, Inc., and Yaskawa Electric, among others holds the majority of market share.

Asia Pacific Low Voltage Drives Market Companies

Major manufacturers operating across the industry consists of:

ABB
Beckhoff Automation
Bosch Rexroth (India) Private Limited
CG Power & Industrial Solutions Ltd.
Danfoss
Delta Electronics, Inc.
Eaton
Emerson Electric Co.
Erhardt+Leimer
Fuji Electric Co., Ltd.
GE Vernova
Hiconics Eco-energy Technology Co., Ltd.
Hitachi Hi-Rel Power Electronics Private Limited
LS ELECTRIC Co., Ltd.
Mitsubishi Electric Corporation
Nidec Conversion
Rockwell Automation
Schneider Electric
Siemens
WEG
YASKAWA ELECTRIC (SINGAPORE) PTE LTD

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Asia Pacific low voltage drives market was evaluated at USD 8.7 billion in 2023 and is projected to observe a 4.7% growth rate through 2032, driven by rapidly increasing demand for effective motor control systems for various manufacturing processes.

The low power range low voltage drives segment is set to surpass USD 8 billion by 2032, driven by increased focus on energy efficiency, industrial automation, and technological advancements.

China low voltage drives market held a robust revenue in 2023 and is set to be worth over USD 5.7 billion by 2032, driven by the growing focus toward clean energy generation and increasing industrial investments.

ABB, Beckhoff Automation, Bosch Rexroth (India) Private Limited, CG Power & Industrial Solutions Ltd, Danfoss, Delta Electronics, Inc, Eaton, Emerson Electric Co., Erhardt+Leimer among others.