Asia Pacific Variable Frequency Drives Market – By Voltage, By Drive, By Application, By End-Use & Forecast, 2025 - 2034

Asia Pacific Variable Frequency Drives Market Size

Asia Pacific variable frequency drives market size in 2024 was valued at USD 10 billion and is estimated to grow at a CAGR of 4.4% from 2025 to 2034.
 

Rising need for energy-efficient solutions and the enforcement of stringent energy consumption regulations by respective authorities will complement the industry landscape. These advanced systems provide accurate control of motor speeds, which is essential for conserving energy, enhancing process control, and boosting automation, thereby contributing to the industry growth.
 

Increased expenditure on infrastructure development has created a higher demand for HVAC systems that offer innovative ways to reduce energy use in buildings, further accelerated the product demand. For instance, in May 2023, The Australian government is leveraging the country's renewable energy potential to gain a competitive edge. It plans to unlock USD 43 billion in renewable capacity investments by 2030 through the Capacity Investment Scheme. The budget includes USD 18 million to integrate household energy resources into the grid, promoting cheaper and cleaner energy adoption.
 

Asia Pacific Variable Frequency Drives Market Trends

The Asia Pacific variable frequency drives industry is set to grow driven by ongoing development of industries across emerging economies and stringent government regulations toward emissions control and rising demand for motor control devices across various industrial processes. Furthermore, increasing focus on motor control solutions, technological advancements by manufacturers and the adoption of the IIoT, to optimize system sizing for improved energy efficiency, contributing to the positive outlook. For instance, in February 2024, ABB India has unveiled the ACH180, a new compact drive for HVACR systems. This device, offers enhanced control for efficient motors with space-saving design, lowering costs and streamline installation.
 

Asia Pacific Variable Frequency Drives Market Analysis

Low segment is anticipated to grow over USD 13.7 billion by 2034. Continuous technological advancements, including rapid equipment control activation for motor operations, development in manufacturing processes and increased research capabilities are complementing the business landscape. Paradigm shift towards energy-efficient systems aiming to enhance energy security and optimize usage, positively impacting the business dynamics. Various companies are investing in research and development to comply with regulatory standards, and the implementation of advanced technology-driven systems will augment the low voltage drives industry outlook.
 

AC segment is anticipated to witness a CAGR of over 4.5% till 2034. The increasing demand for consistent and reliable power supply to balance growing electricity consumption, coupled with the implementation of strict energy efficiency regulations, accelerating the product deployment. Ongoing development of industries across emerging nations and manufacturers' focus on cost-effectiveness and efficient motor control solutions are also augmenting product demand. The capacity of these devices to reduce energy consumption and provide financial benefits is significantly shaping the AC drives industry outlook.
 

China variable frequency drives market is set to grow over USD 6.8 billion by 2034. Digital transformation initiatives across various industries, stringent regulations aimed at enhancing energy efficiency and security, and rapidly increasing energy consumption, are contributing to the industry growth. Ongoing expansion of renewable energy production, higher investments in industrial development, favorable government policies, and the increased adoption of industrial automation and robotics have augmented the product demand.
 

Favorable initiatives aimed at reducing energy usage long with stringent regulations focusing on energy efficiency and consumption are also contributing to the industry growth. For instance, in May 2024, The China State Council unveiled a new energy-saving plan for 2024-2025, seeks to speed up progress toward the energy efficiency goals of China's 14th Five-Year Plan. The plan aims to cut energy use per GDP unit by 13.5% from 2020 to 2025. Key focus areas include lowering fossil fuel use, boosting clean energy, and transforming high-energy sectors like steel and transport.
 

Asia Pacific Variable Frequency Drives Market Share

Major companies in the Asia Pacific VFD industry are employing strategies such as mergers, alliances, partnerships, and acquisitions to boost their industry presence. Manufacturers are continuously introducing technological innovations and new products with an aim to enhance their market position further contributing to the industry growth.
 

Asia Pacific Variable Frequency Drives Market Companies

Major players operating across the industry include:

• ABB
• Bonfiglioli
• CG Power
• Danfoss
• Eaton
• Emerson
• Fuji Electric
• GE Vernova
• Hiconics
• Hitachi
• Invertek Drives
• Johnson Controls
• Nidec
• Rockwell Automation
• Schneider Electric
• Siemens
• Teco
• TMEIC
• WEG
• Yaskawa
   

Asia Pacific Variable Frequency Drives Industry News

• In August 2024, Invertek Drives showcased full Optidrive variable frequency drive lineup at the Automation Expo 2024, the largest industrial automation exhibition in South-East Asia, held in India. The company will present its Optidrive Eco, E3, P2, Elevator Core, and Coolvert models. These drives showcase versatile applications for energy-efficient motor control, catering to the automation needs of South-East Asia. The Optidrive range aims to enhance energy efficiency and performance across various sectors, including HVAC, pump and fan systems, and industrial processes.
   
• In June 2024, Danfoss recently unveiled its latest energy-saving technology in Pune and Mumbai: the iC2 and iC7 variable frequency drives. These innovative devices, widely adopted across various industries, are engineered to optimize motor speeds, leading to substantial energy conservation and enhanced operational performance. The introduction of these drives has set new industry standards in efficiency, motor management, security, and dependability for crucial industrial applications.
   

The Asia Pacific variable frequency drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “‘000 Units” and “USD Million” from 2021 to 2034, for the following segments:

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Market, By Voltage

• Low
• Medium

Market, By Drive

• AC
• DC
• Servo

Market, By Application

• Pump
• Fan
• Conveyor
• Compressor
• Extruder
• Others

Market, By End-Use

• Oil & gas
• Power generation
• Mining & metals
• Pulp & paper
• Marine
• Others

The above information has been provided for the following countries:

• China
• Japan
• India
• Australia
• South Korea