Asia Pacific Low-voltage Electric Drives Facts and Figures
The Asia Pacific low-voltage electric drives market is poised to experience a compound annual growth rate (CAGR) of 4.1% in value terms over the forecast period, resulting in an estimated value of USD 4,288.9 million by 2029.
Within the Asia Pacific low-voltage electric drives market, product types are categorized into Low-voltage AC drives, Low-voltage DC drives, and Low-voltage servo drives. The low-voltage AC drives segment emerged as the dominant market segment in 2023, with a projected valuation of USD 3,550.4 million by 2029. Furthermore, the low-voltage servo drives segment is expected to demonstrate the highest CAGR of 5.1% from 2024 to 2029.
Various industries contribute to the low-voltage electric drives market, including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, among others. The discrete manufacturing segment is forecasted to reach USD 772.0 million by 2029, reflecting a robust CAGR of 5.5% during the period from 2024 to 2029. Additionally, the revenue from the food & beverages segment is anticipated to grow at a CAGR of 4.7% to USD 279.9 million by 2029.
Leading the Asia Pacific low-voltage electric drives market in 2023 are China, Japan, and India, collectively holding around 75% of the market share.
Key players in this market include ABB, Ltd., Siemens AG, Danfoss A/S, Yaskawa Electric Corporation, Schneider Electric SE, Shanghai Electric Group Co., Ltd., and Toshiba Corporation. These top seven companies jointly commanded approximately 60% market share in 2022, underscoring their significant presence and influence within the industry.
This study aims to analyze the Asia Pacific market for various segments of low-voltage electric drives, including:
Product Type: Low-voltage AC Drives, Low-voltage DC Drives, and Low-voltage Servo Drives.
End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.
Region: China, Japan, India, South Korea, Australia, Indonesia, Thailand, and Rest of Asia Pacific.
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- End-User
- Region
- Research Methodology
- Part 3. Low-Voltage Electric Drives Market Overview
- Summary
- Introduction
- Part 4. Asia Pacific Low-Voltage Electric Drives Market by Product Type
- Low-voltage AC Drives Market by End-User
- Low-voltage DC Drives Market by End-User
- Low-voltage Servo Drives Market by End-User
- Part 5. Asia Pacific Low-Voltage Electric Drives Market by End-User
- Part 6. Asia Pacific Low-Voltage Electric Drives Market by Region
- Part 7. Competitive Analysis
- Competition Overview
- ABB, Ltd.
- Business Overview
- Contact Information
- Siemens AG
- Business Overview
- Contact Information
- Danfoss A/S
- Business Overview
- Contact Information
- Yaskawa Electric Corporation
- Business Overview
- Contact Information
- Schneider Electric SE
- Business Overview
- Contact Information
- Shanghai Electric Group Co., Ltd.
- Business Overview
- Contact Information
- Toshiba Corporation
- Business Overview
- Contact Information
- Disclaimer
- FIGURES AND TABLES
- Asia Pacific Low-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Low-Voltage Electric Drives Market Share by Country, 2023
- Asia Pacific Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
- ABB, Ltd. Financial Overview (USD Million)
- ABB, Ltd. Revenue, by Type, 2022
- ABB, Ltd. Revenue, by Segment, 2022
- ABB, Ltd. Revenue, by Product, 2022
- ABB, Ltd. Revenue, by Region, 2022
- Siemens AG Financial Overview (EUR Million)
- Siemens AG Revenue, by Segment, 2022
- Siemens AG Revenue, by Region, 2022
- Danfoss A/S Financial Overview (EUR Million)
- Danfoss A/S Revenue, by Segment, 2022
- Danfoss A/S Revenue, by Region, 2022
- Yaskawa Electric Corporation Financial Overview (JPY Million)
- Yaskawa Electric Corporation Revenue, by Segment, 2023
- Yaskawa Electric Corporation Revenue, by Region, 2023
- Schneider Electric SE Financial Overview (EUR Million)
- Schneider Electric SE Revenue, by Segment, 2022
- Shanghai Electric Group Co., Ltd. Financial Overview (CNY Billion)
- Shanghai Electric Group Co., Ltd. Revenue, by Segment, 2023
- Shanghai Electric Group Co., Ltd. Revenue, by Region, 2023
- Toshiba Corporation Financial Overview (JPY Million)
- Toshiba Corporation Revenue, by Region, 2023
- Toshiba Corporation Revenue, by Segment, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook