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Asia Pacific Medium Voltage Drives Market Share

Report ID: GMI5395
Published Date: Nov 2024
Report Format: PDF

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Asia Pacific Medium Voltage Drives Market Share

Asia Pacific Medium Voltage Drives Market Company Share Analysis, 2024

Leading companies in the Asia Pacific medium voltage drives industry are forming strategic partnerships and alliances to develop and introduce improved technologies. These firms are also pursuing mergers and acquisitions to bolster their industry standing. By implementing these approaches, companies seek to expand their market presence through technological advancements stimulating the Asia Pacific variable frequency drives industry growth.

Asia Pacific Medium Voltage Drives Market Companies

Major players operating across the industry include:

ABB
Danfoss
Delta Electronics
Eaton
Emerson Electric
Fuji Electric
GE Vernova
Hitachi
Hiconics
Honeywell
Nidec
Rockwell Automation
Schneider Electric
Siemens
Teco Electric
TMEIC
Triol
VEM Group
WEG
Yaskawa Electric

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Asia Pacific market size for medium voltage drives was valued at USD 901 million in 2024 and is expected to reach USD 1.5 billion by 2034, driven by a CAGR of 5.4% from 2025 to 2034.

The < 1 MW segment is anticipated to exceed USD 380 million by 2034, driven by advancements in motor system technology and the development of new production systems.

The China medium voltage drives market is projected to surpass USD 680 million by 2034, driven by significant investments in R&D and continuous industrial process upgrades.

Major players in the industry include ABB, Danfoss, Delta Electronics, Eaton, Emerson Electric, Fuji Electric, GE Vernova, and Hitachi.