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

APAC Safety Drives Motors Industry Overview

The Asia Pacific Safety Drives and Motors Market is moderately competitive, with a number of major players such as ABB Ltd., Siemens, Rockwell Automation, Ltd., and others. In terms of market share, the market is currently dominated by a few major players. With a significant market share, these major players are focusing on expanding their customer base in foreign countries. These companies are utilizing strategic collaborative initiatives to increase their market share and profitability. The competition, rapid technological advancements, and frequent changes in consumer preferences are expected to pose a threat to the market's growth of the companies during the forecast period.

• October 2021 - Rockwell Automation Ltd. launched the PowerFlex 6000T drive that delivers efficient performance in a compact design. The drive can accept up to 13.8 kV primary voltage in a best-in-class footprint of 2,310 to 3,010 mm (7.58 to 9.87 feet). Because of its compact design, the drive is ideal for new and retrofit industrial applications in IEC markets, particularly those where space is limited. The drive can save money by allowing high-voltage feeds from the main distribution line to be connected directly without a step-down transformer or substation equipment.
• August 2021 - Siemens announced the availability of the SINAMICS G120XE enclosed drive system. It is specifically designed to meet the demands of industrial pump, fan, and compressor applications in a wide range of markets. This new enclosed system, based on the popular SINAMICS G120X infrastructure drive, is ideal for quick design and commissioning in industries such as oil-and-gas/petrochemical, water/wastewater, power plants, industrial climate control, refrigeration, and chillers in harsh environments.