What is the current APAC Electric Drives Market size?

The APAC Electric Drives Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029) Read More

Who are the key players in APAC Electric Drives Market?

Danfoss, Rockwell Automation, Schneider Electric, Nidec Corporation and TMEIC are the major companies operating in the APAC Electric Drives Market. Read More

What years does this APAC Electric Drives Market cover?

The report covers the APAC Electric Drives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC Electric Drives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

APAC Electric Drives Market Size & Share Analysis - Industry Research Report

Asia Pacific Electric Drives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia Pacific Electric Drives Market is segmented by Type (AC Drives, DC Drives, Servo Drives), by Voltage (Low, Medium), by End-user Industry (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Water & Wastewater, Power Generation, Metal & Mining, Pulp & Paper, HVAC, Discrete Industries) and Country.

APAC Electric Drives Industry Overview

The Asia Pacific electric drives market is fragmented owing to the presence of regional and international players such as Danfoss, ABB, Nidec Corporation, TMEIC, etc., in the market that offers high-quality, reliable devices with technological advancement. The competition will likely intensify due to rising activities such as mergers and acquisitions and product launches by vendors to enhance their presence in the market.

July 2021 - Toshiba Mitsubishi-Electric Industrial Systems Corporation has delivered a motor drive system and an automation system for a cutting-edge hot strip mill facility set up by Shougang Jingtang Iron & Steel Co., Ltd. in Tangshan City, Hebei Province, China. The final delivery was completed in May 2021.