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.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Key Findings 5
Part 2. Scope and Methodology 6
Report Scope 7
Product Type 7
End-User 7
Region 7
Research Methodology 8
Part 3. Medium-Voltage Electric Drives Market Overview 10
Summary 10
Introduction 11
Part 4. Asia Pacific Medium-Voltage Electric Drives Market by Product Type 12
Medium-voltage AC Drives Market by End-User 14
Medium-voltage DC Drives Market by End-User 16
Part 5. Asia Pacific Medium-Voltage Electric Drives Market by End-User 18
Part 6. Asia Pacific Medium-Voltage Electric Drives Market by Region 20
Part 7. Competitive Analysis 21
Competition Overview 21
ABB, Ltd. 22
Business Overview 22
Contact Information 25
Siemens AG 26
Business Overview 26
Contact Information 28
Danfoss A/S 29
Business Overview 29
Contact Information 31
Yaskawa Electric Corporation 32
Business Overview 32
Contact Information 34
Schneider Electric SE 35
Business Overview 35
Contact Information 37
Shanghai Electric Group Co., Ltd. 38
Business Overview 38
Contact Information 40
Toshiba Corporation 41
Business Overview 41
Contact Information 43
Disclaimer 44
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