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Asia Pacific Low Voltage Drives Market
Updated On

Feb 24 2025

Total Pages

85

Asia Pacific Low Voltage Drives Market Size, Share, and Growth Report: In-Depth Analysis and Forecast to 2033"

Asia Pacific Low Voltage Drives Market by Power Range (Micro, Low), by Capacity (< 2.2 kW, 2.2 kW - < 7.5 kW, 7.5 kW - < 22 kW, 22 kW - < 75 kW, ≥ 75 kW - <110 kW, ≥ 110 kW - < 500 kW, ≥ 500 kW), by Drive (AC, DC, Servo), by Technology (Standard, Regenerative), by System (Open loop, Closed loop), by Application (Pump, Fan, Conveyor, Compressor, Extruder, Others), by End-Use (Oil & Gas, Power generation, Food processing, Automotive, Mining & metals, Pulp & paper, Textile, Marine, Others), by Asia Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Sri Lanka) Forecast 2025-2033

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Asia Pacific Low Voltage Drives Market Size, Share, and Growth Report: In-Depth Analysis and Forecast to 2033"

Key Insights

The size of the Asia Pacific Low Voltage Drives Market was valued at USD 8.7 Billion in 2024 and is projected to reach USD 12.00 Billion by 2033, with an expected CAGR of 4.7% during the forecast period. The Asia Pacific Low Voltage Drives (LVD) Market is dedicated to the creation and application of low-voltage motor drives designed to manage the speed, torque, and functioning of electric motors in industrial settings. These drives are vital for boosting energy efficiency, lowering operational expenses, and improving the overall performance of motors in industries like manufacturing, automotive, HVAC, and energy. The market comprises elements such as variable frequency drives (VFDs), soft starters, and control systems that enhance motor efficiency, guarantee smooth functioning, and reduce energy usage. The swift industrial growth, urban expansion, and rising need for energy-efficient solutions in nations such as China, India, and Japan are fueling the expansion of the LVD market in the area. Moreover, the increasing emphasis on automation, the integration of renewable energy, and advanced technologies is driving the uptake of low voltage drives. The LVD market in the Asia Pacific region is projected to experience substantial growth, fueled by ongoing infrastructure advancements, the demand for budget-friendly solutions, and a rising awareness of sustainable energy methods.

Asia Pacific Low Voltage Drives Market Research Report - Market Size, Growth & Forecast

Asia Pacific Low Voltage Drives Market Concentration & Characteristics

The Asia Pacific Low Voltage Drives Market exhibits moderate concentration with numerous established players. Innovation is a key characteristic, with ongoing advancements in motor control algorithms and power electronics. Stringent regulations on energy efficiency and safety impact the market. Product substitutes include medium-voltage drives and traditional motor control methods. End-users are concentrated in industrial and commercial sectors. The M&A landscape is active, with acquisitions and partnerships to expand product portfolios and market reach.

Asia Pacific Low Voltage Drives Market Trends

Rising demand for energy-efficient drives in industrial applications, increasing adoption of automation in manufacturing, and growing urbanization driving infrastructure development are key market insights. Low-voltage drives are becoming more compact and cost-effective, expanding their usage. The integration of digital technologies like the Internet of Things (IoT) and cloud computing enables remote monitoring and predictive maintenance, improving operational efficiency. Additionally, government incentives for energy conservation and industrial modernization further stimulate market growth.

Asia Pacific Low Voltage Drives Market Growth

Key Region or Country & Segment to Dominate the Market

Key Region: China, India, Japan, and South Korea are key regional markets, accounting for the majority of revenue.

Dominating Segment: The micro power range segment is anticipated to dominate the market, driven by its wide applicability in small-scale industrial machinery and HVAC systems.

Asia Pacific Low Voltage Drives Market Product Insights Report Coverage & Deliverables

Coverage:

  • Market size, market share, and growth analysis
  • Product segmentation and application trends
  • Competitive landscape and key player profiles
  • Industry insights, drivers, challenges, and restraints
  • Regional and country-level market analysis

Deliverables:

  • Comprehensive report with detailed market insights
  • Excel-based data and analysis
  • Custom research and consulting services

Asia Pacific Low Voltage Drives Market Analysis

Market Size and Growth:

The Asia Pacific Low Voltage Drives Market is valued at 8.7 Billion and is projected to reach USD 12.9 Billion by 2030, exhibiting a 4.7% CAGR.

Market Share:

ABB, Schneider Electric, and Siemens are leading market players with a significant share. Regional manufacturers are also gaining traction with competitive offerings.

Asia Pacific Low Voltage Drives Market Regional Insights

  • China: China is the largest market, driven by strong industrial development and infrastructure investments.
  • India: India's growing manufacturing sector and urbanization are fueling market growth.
  • Japan: Japan has a mature market with a high demand for advanced and energy-efficient drives.
  • Australia: Australia's mining and resources sector supports the demand for low-voltage drives.
  • South Korea: South Korea's electronics and semiconductor industries contribute to the market's growth.
  • Indonesia: Indonesia's rapidly developing economy and infrastructure projects drive market demand.

Driving Forces: What's Propelling the Asia Pacific Low Voltage Drives Market

  • Increasing energy efficiency regulations
  • Growing automation in industrial and manufacturing sectors
  • Urbanization and infrastructure development
  • Technological advancements in motor control and power electronics
  • Government incentives for energy conservation

Challenges and Restraints in Asia Pacific Low Voltage Drives Market

  • Fluctuating raw material prices
  • Competition from medium-voltage drives
  • Lack of skilled technicians for installation and maintenance
  • Economic downturns and geopolitical uncertainties

Emerging Trends in Asia Pacific Low Voltage Drives Market

  • Integration of artificial intelligence (AI) for predictive maintenance
  • Development of compact and wireless low-voltage drives
  • Rise of modular and scalable drive solutions
  • Adoption of cloud-based remote monitoring and control

Asia Pacific Low Voltage Drives Industry News

  • February 2024: ABB introduces ACH180 variable frequency drives for HVACR applications.
  • March 2023: Hitachi Hi-Rel Power Electronics participates in ELECRAMA 2023, showcasing power electronics products.

Leading Players in the Asia Pacific Low Voltage Drives Market

Asia Pacific Low Voltage Drives Market Segmentation

  • 1. Power Range
    • 1.1. Micro
    • 1.2. Low
  • 2. Capacity
    • 2.1. < 2.2 kW
    • 2.2. 2.2 kW - < 7.5 kW
    • 2.3. 7.5 kW - < 22 kW
    • 2.4. 22 kW - < 75 kW
    • 2.5. ≥ 75 kW - <110 kW
    • 2.6. ≥ 110 kW - < 500 kW
    • 2.7. ≥ 500 kW
  • 3. Drive
    • 3.1. AC
      • 3.1.1. IE 1
      • 3.1.2. IE 2
      • 3.1.3. IE 3
      • 3.1.4. IE 4
      • 3.1.5. Others
    • 3.2. DC
    • 3.3. Servo
  • 4. Technology
    • 4.1. Standard
    • 4.2. Regenerative
  • 5. System
    • 5.1. Open loop
    • 5.2. Closed loop
  • 6. Application
    • 6.1. Pump
    • 6.2. Fan
    • 6.3. Conveyor
    • 6.4. Compressor
    • 6.5. Extruder
    • 6.6. Others
  • 7. End-Use
    • 7.1. Oil & Gas
    • 7.2. Power generation
    • 7.3. Food processing
    • 7.4. Automotive
    • 7.5. Mining & metals
    • 7.6. Pulp & paper
    • 7.7. Textile
    • 7.8. Marine
    • 7.9. Others

Asia Pacific Low Voltage Drives Market Segmentation By Geography

  • 1. Asia Pacific
    • 1.1. China
    • 1.2. India
    • 1.3. Japan
    • 1.4. Australia
    • 1.5. South Korea
    • 1.6. Indonesia
    • 1.7. Malaysia
    • 1.8. Singapore
    • 1.9. Thailand
    • 1.10. Vietnam
    • 1.11. Philippines
    • 1.12. Sri Lanka

Asia Pacific Low Voltage Drives Market Regional Share

Asia Pacific Low Voltage Drives Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 4.7% from 2019-2033
Segmentation
    • By Power Range
      • Micro
      • Low
    • By Capacity
      • < 2.2 kW
      • 2.2 kW - < 7.5 kW
      • 7.5 kW - < 22 kW
      • 22 kW - < 75 kW
      • ≥ 75 kW - <110 kW
      • ≥ 110 kW - < 500 kW
      • ≥ 500 kW
    • By Drive
      • AC
        • IE 1
        • IE 2
        • IE 3
        • IE 4
        • Others
      • DC
      • Servo
    • By Technology
      • Standard
      • Regenerative
    • By System
      • Open loop
      • Closed loop
    • By Application
      • Pump
      • Fan
      • Conveyor
      • Compressor
      • Extruder
      • Others
    • By End-Use
      • Oil & Gas
      • Power generation
      • Food processing
      • Automotive
      • Mining & metals
      • Pulp & paper
      • Textile
      • Marine
      • Others
  • By Geography
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Indonesia
      • Malaysia
      • Singapore
      • Thailand
      • Vietnam
      • Philippines
      • Sri Lanka

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Ongoing investment and expenditure for development of advanced industrial infrastructure
        • 3.2.2 Favourable regulatory framework and R&D initiatives for deployment of energy efficient systems
        • 3.2.3 Rapidly increasing energy demand
      • 3.3. Market Restrains
        • 3.3.1. High initial deployment cost
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Low Voltage Drives Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Power Range
      • 5.1.1. Micro
      • 5.1.2. Low
    • 5.2. Market Analysis, Insights and Forecast - by Capacity
      • 5.2.1. < 2.2 kW
      • 5.2.2. 2.2 kW - < 7.5 kW
      • 5.2.3. 7.5 kW - < 22 kW
      • 5.2.4. 22 kW - < 75 kW
      • 5.2.5. ≥ 75 kW - <110 kW
      • 5.2.6. ≥ 110 kW - < 500 kW
      • 5.2.7. ≥ 500 kW
    • 5.3. Market Analysis, Insights and Forecast - by Drive
      • 5.3.1. AC
        • 5.3.1.1. IE 1
        • 5.3.1.2. IE 2
        • 5.3.1.3. IE 3
        • 5.3.1.4. IE 4
        • 5.3.1.5. Others
      • 5.3.2. DC
      • 5.3.3. Servo
    • 5.4. Market Analysis, Insights and Forecast - by Technology
      • 5.4.1. Standard
      • 5.4.2. Regenerative
    • 5.5. Market Analysis, Insights and Forecast - by System
      • 5.5.1. Open loop
      • 5.5.2. Closed loop
    • 5.6. Market Analysis, Insights and Forecast - by Application
      • 5.6.1. Pump
      • 5.6.2. Fan
      • 5.6.3. Conveyor
      • 5.6.4. Compressor
      • 5.6.5. Extruder
      • 5.6.6. Others
    • 5.7. Market Analysis, Insights and Forecast - by End-Use
      • 5.7.1. Oil & Gas
      • 5.7.2. Power generation
      • 5.7.3. Food processing
      • 5.7.4. Automotive
      • 5.7.5. Mining & metals
      • 5.7.6. Pulp & paper
      • 5.7.7. Textile
      • 5.7.8. Marine
      • 5.7.9. Others
    • 5.8. Market Analysis, Insights and Forecast - by Region
      • 5.8.1. Asia Pacific
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 ABB
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Beckhoff Automation
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Bosch Rexroth (India) Private Limited
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 CG Power & Industrial Solutions Ltd.
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Danfoss
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Delta Electronics Inc.
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Eaton
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Emerson Electric Co.
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Erhardt+Leimer
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Fuji Electric Co. Ltd.
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 GE Vernova
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Hiconics Eco-energy Technology Co. Ltd.
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Hitachi Hi-Rel Power Electronics Private Limited
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 LS ELECTRIC Co. Ltd.
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 Mitsubishi Electric Corporation
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
        • 6.2.16 Nidec Conversion
          • 6.2.16.1. Overview
          • 6.2.16.2. Products
          • 6.2.16.3. SWOT Analysis
          • 6.2.16.4. Recent Developments
          • 6.2.16.5. Financials (Based on Availability)
        • 6.2.17 Rockwell Automation
          • 6.2.17.1. Overview
          • 6.2.17.2. Products
          • 6.2.17.3. SWOT Analysis
          • 6.2.17.4. Recent Developments
          • 6.2.17.5. Financials (Based on Availability)
        • 6.2.18 Schneider Electric
          • 6.2.18.1. Overview
          • 6.2.18.2. Products
          • 6.2.18.3. SWOT Analysis
          • 6.2.18.4. Recent Developments
          • 6.2.18.5. Financials (Based on Availability)
        • 6.2.19 Siemens
          • 6.2.19.1. Overview
          • 6.2.19.2. Products
          • 6.2.19.3. SWOT Analysis
          • 6.2.19.4. Recent Developments
          • 6.2.19.5. Financials (Based on Availability)
        • 6.2.20 WEG
          • 6.2.20.1. Overview
          • 6.2.20.2. Products
          • 6.2.20.3. SWOT Analysis
          • 6.2.20.4. Recent Developments
          • 6.2.20.5. Financials (Based on Availability)
        • 6.2.21 YASKAWA ELECTRIC (SINGAPORE) PTE LTD
          • 6.2.21.1. Overview
          • 6.2.21.2. Products
          • 6.2.21.3. SWOT Analysis
          • 6.2.21.4. Recent Developments
          • 6.2.21.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Asia Pacific Low Voltage Drives Market Revenue Breakdown (Billion, %) by Product 2024 & 2032
  2. Figure 2: Asia Pacific Low Voltage Drives Market Share (%) by Company 2024

List of Tables

  1. Table 1: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Region 2019 & 2032
  2. Table 2: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Region 2019 & 2032
  3. Table 3: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  4. Table 4: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Power Range 2019 & 2032
  5. Table 5: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Capacity 2019 & 2032
  6. Table 6: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Capacity 2019 & 2032
  7. Table 7: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  8. Table 8: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Drive 2019 & 2032
  9. Table 9: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Technology 2019 & 2032
  10. Table 10: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Technology 2019 & 2032
  11. Table 11: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by System 2019 & 2032
  12. Table 12: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by System 2019 & 2032
  13. Table 13: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  14. Table 14: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Application 2019 & 2032
  15. Table 15: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by End-Use 2019 & 2032
  16. Table 16: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by End-Use 2019 & 2032
  17. Table 17: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Region 2019 & 2032
  18. Table 18: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Region 2019 & 2032
  19. Table 19: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Power Range 2019 & 2032
  20. Table 20: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Power Range 2019 & 2032
  21. Table 21: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Capacity 2019 & 2032
  22. Table 22: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Capacity 2019 & 2032
  23. Table 23: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  24. Table 24: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Drive 2019 & 2032
  25. Table 25: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Technology 2019 & 2032
  26. Table 26: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Technology 2019 & 2032
  27. Table 27: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by System 2019 & 2032
  28. Table 28: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by System 2019 & 2032
  29. Table 29: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  30. Table 30: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Application 2019 & 2032
  31. Table 31: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by End-Use 2019 & 2032
  32. Table 32: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by End-Use 2019 & 2032
  33. Table 33: Asia Pacific Low Voltage Drives Market Revenue Billion Forecast, by Country 2019 & 2032
  34. Table 34: Asia Pacific Low Voltage Drives Market Volume K Tons Forecast, by Country 2019 & 2032
  35. Table 35: China Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  36. Table 36: China Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  37. Table 37: India Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  38. Table 38: India Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  39. Table 39: Japan Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  40. Table 40: Japan Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  41. Table 41: Australia Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  42. Table 42: Australia Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  43. Table 43: South Korea Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  44. Table 44: South Korea Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  45. Table 45: Indonesia Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  46. Table 46: Indonesia Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  47. Table 47: Malaysia Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  48. Table 48: Malaysia Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  49. Table 49: Singapore Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  50. Table 50: Singapore Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  51. Table 51: Thailand Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  52. Table 52: Thailand Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  53. Table 53: Vietnam Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  54. Table 54: Vietnam Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  55. Table 55: Philippines Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  56. Table 56: Philippines Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032
  57. Table 57: Sri Lanka Asia Pacific Low Voltage Drives Market Revenue (Billion) Forecast, by Application 2019 & 2032
  58. Table 58: Sri Lanka Asia Pacific Low Voltage Drives Market Volume (K Tons) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia Pacific Low Voltage Drives Market?

The projected CAGR is approximately 4.7%.

2. Which companies are prominent players in the Asia Pacific Low Voltage Drives Market?

Key companies in the market include ABB, Beckhoff Automation, Bosch Rexroth (India) Private Limited, CG Power & Industrial Solutions Ltd., Danfoss, Delta Electronics, Inc., Eaton, Emerson Electric Co., Erhardt+Leimer, Fuji Electric Co., Ltd., GE Vernova, Hiconics Eco-energy Technology Co., Ltd., Hitachi Hi-Rel Power Electronics Private Limited, LS ELECTRIC Co., Ltd., Mitsubishi Electric Corporation, Nidec Conversion, Rockwell Automation, Schneider Electric, Siemens, WEG, YASKAWA ELECTRIC (SINGAPORE) PTE LTD.

3. What are the main segments of the Asia Pacific Low Voltage Drives Market?

The market segments include Power Range, Capacity, Drive, Technology, System, Application, End-Use.

4. Can you provide details about the market size?

The market size is estimated to be USD 8.7 Billion as of 2022.

5. What are some drivers contributing to market growth?

Ongoing investment and expenditure for development of advanced industrial infrastructure. Favourable regulatory framework and R&D initiatives for deployment of energy efficient systems. Rapidly increasing energy demand.

6. What are the notable trends driving market growth?

N/A

7. Are there any restraints impacting market growth?

High initial deployment cost.

8. Can you provide examples of recent developments in the market?

In February 2024, ABB introduced new generation of variable frequency drives known as ACH180, for HVACR applications. These units exhibit compact design, enable precise motor control, low capital expenditure and easy cabinet installation. These drives are designed for various commercial applications including hotels, data centres and shopping malls along with consumes less energy and supports the control of permanent magnet synchronous motors, conventional induction motors.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3,250, USD 3,750, and USD 5,750 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Billion and volume, measured in K Tons.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Asia Pacific Low Voltage Drives Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Asia Pacific Low Voltage Drives Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Asia Pacific Low Voltage Drives Market?

To stay informed about further developments, trends, and reports in the Asia Pacific Low Voltage Drives Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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