Asia Pacific Medium-voltage Electric Drives Facts and Figures
The Asia Pacific medium-voltage electric drives market is forecasted to grow at a compound annual growth rate (CAGR) of 4.0% in value terms during the forecast period, reaching an estimated value of USD 978.2 million by 2029. Within this market, product types are divided into Medium-voltage AC drives and Medium-voltage DC drives. The medium-voltage AC drives segment emerged as the dominant segment in 2023, with a projected valuation of USD 949.4 million by 2029. Additionally, this segment is expected to exhibit the highest CAGR of 4.1% from 2024 to 2029.
Various industries contribute to the Asia Pacific medium-voltage electric drives market, including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The discrete manufacturing segment is anticipated to reach USD 175.6 million by 2029, showing a strong CAGR of 7.4% from 2024 to 2029. Furthermore, the revenue of the power generation segment is expected to grow at a CAGR of 4.7% to reach USD 90.5 million by 2029.
Leading the Asia Pacific medium-voltage electric drives market in 2023 are China, Japan, and India, collectively holding approximately 75% 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 held around 60% market share in 2022, emphasizing their significant presence and influence within the industry.
This study aims to analyze the Asia Pacific market for various segments of medium-voltage electric drives, including:
Product Type: Medium-voltage AC Drives and Medium-voltage DC 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. Medium-Voltage Electric Drives Market Overview
- Summary
- Introduction
- Part 4. Asia Pacific Medium-Voltage Electric Drives Market by Product Type
- Medium-voltage AC Drives Market by End-User
- Medium-voltage DC Drives Market by End-User
- Part 5. Asia Pacific Medium-Voltage Electric Drives Market by End-User
- Part 6. Asia Pacific Medium-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 Medium-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
- Asia Pacific Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Asia Pacific Medium-Voltage Electric Drives Market Share by Country, 2023
- Asia Pacific Medium-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
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