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Asia Pacific Medium Voltage Drives Market Size
- Report ID: GMI5395
- Published Date: Nov 2024
- Report Format: PDF
Asia Pacific Medium Voltage Drives Market Size
Asia Pacific medium voltage drives market size in 2024 was valued at USD 901 million and is estimated to observe a growth rate of 5.4% from 2025 to 2034. Ongoing integration of new operating systems in heavy-duty applications along with shifting inclination toward energy conservation will complement the industry landscape.
Significant investments for the industrial developments, policies for clean energy transition along with rising demand for efficient motor control solutions across industrial processes will augment the business outlook. For instance, in April 2024, The Australian government unveiled plans for a new industrial policy called the Future Made in Australia Act, which aims to capitalize the resources for clean energy transition. To support this strategy, the government has allocated USD 15 billion in budget measures.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Asia Pacific Medium Voltage Drives Market Size in 2024: | USD 901 million |
| Forecast Period: | 2025 - 2034 |
| Forecast Period 2025 - 2034 CAGR: | 5.4% |
| 2034 Value Projection: | USD 1.5 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 105 |
| Tables, Charts & Figures: | 14 |
| Segments covered: | Power Range, Drive, Application, End-Use and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Medium Voltage Drives Market Scope
