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Asia Pacific Variable Frequency Drives Market Share

Report ID: GMI6590
Published Date: Nov 2024
Report Format: PDF

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Asia Pacific Variable Frequency Drives Market Share

Asia Pacific Variable Frequency Drives Market Company Share Analysis, 2024

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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

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Asia Pacific market for variable frequency drives was valued at USD 10 billion in 2024 and is expected to reach USD 15.5 billion by 2034, driven by a CAGR of 4.4% from 2025 to 2034.

The low voltage segment is anticipated to exceed USD 13.7 billion by 2034, driven by continuous technological advancements and increased research capabilities.

The China variable frequency drives market is set to grow over USD 6.8 billion by 2034, driven by digital transformation initiatives, stringent energy efficiency regulations, and increasing energy consumption.

Major players in 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, and Siemens.