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Asia Pacific Variable Frequency Drives Market Trends

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

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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.

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.