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APAC Variable Frequency Drive Market
ID: MRFR/EnP/53814-HCR
200 Pages
June 2026
APAC Variable Frequency Drive Market Research Report: By Type (AC, DC, Servo), By Application (Pumps, Fans, Compressor, Extruder, Others), By End User (Oil & Gas, Industrial, Infrastructure, Power Generation, Others) andBy Regional (China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC)- Forecast to 2035
Industry Developments
The APAC Variable Frequency Drive Market is experiencing significant growth, with several key developments shaping the industry. Recent technological advancements and an increasing focus on energy efficiency are driving demand for Variable Frequency Drives from companies like Yaskawa Electric and Siemens. In October 2023, ABB unveiled new VFD solutions that enhance operational efficiency, aiming to capitalize on the region's growing adoption of automation technologies. Furthermore, in September 2023, Hitachi announced plans to expand its production capabilities in Japan to meet increasing regional demand. Notably, Schneider Electric and Mitsubishi Electric are collaborating on innovative VFD technologies to enhance industrial productivity. In terms of mergers and acquisitions, Eaton acquired a specialty motor manufacturer in August 2023, which may strengthen its position in the variable frequency drive sector. Companies such as Rockwell Automation and Danfoss are also seeking partnerships to diversify their product offerings. In the past two to three years, the market has experienced robust growth attributed to government initiatives promoting sustainable development and increasing investment in smart manufacturing solutions across various industries within the APAC region, spearheaded by nations such as China and India.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 5.88(USD Billion) |
| MARKET SIZE 2024 | 6.22(USD Billion) |
| MARKET SIZE 2035 | 11.52(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.752% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Lenze, Rockwell Automation, Hitachi, Siemens, WEG, Omron, Eaton, Yaskawa Electric, Schneider Electric, Mitsubishi Electric, ABB, Invertek Drives, Honeywell, Danfoss, Toshiba |
| SEGMENTS COVERED | Type, Application, End User, Regional |
| KEY MARKET OPPORTUNITIES | Energy efficiency regulations, Industrial automation growth, Renewable energy integration, Increasing demand for HVAC systems, Expansion of manufacturing industries |
| KEY MARKET DYNAMICS | growing industrial automation, increasing energy efficiency demand, stringent government regulations, rising renewable energy integration, technological advancements in VFDs |
| COUNTRIES COVERED | China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC |
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FAQs
What is the expected market size of the APAC Variable Frequency Drive Market in 2024?
The APAC Variable Frequency Drive Market is expected to be valued at 6.22 USD Billion in 2024.
What is the projected market size for the APAC Variable Frequency Drive Market by 2035?
By 2035, the APAC Variable Frequency Drive Market is projected to reach a value of 11.52 USD Billion.
What is the expected CAGR for the APAC Variable Frequency Drive Market from 2025 to 2035?
The expected CAGR for the APAC Variable Frequency Drive Market from 2025 to 2035 is 5.752%.
Which region is expected to have the largest market share in the APAC Variable Frequency Drive Market in 2024?
China is expected to have the largest market share in the APAC Variable Frequency Drive Market, valued at 2.3 USD Billion in 2024.
What will be the market size of India in the APAC Variable Frequency Drive Market by 2035?
India's market size in the APAC Variable Frequency Drive Market is projected to reach 2.31 USD Billion by 2035.
Who are the key players in the APAC Variable Frequency Drive Market?
Key players in the APAC Variable Frequency Drive Market include Siemens, Rockwell Automation, Hitachi, and ABB among others.
How much is the AC segment of the APAC Variable Frequency Drive Market valued at in 2024?
The AC segment of the APAC Variable Frequency Drive Market is valued at 3.1 USD Billion in 2024.
What is the anticipated value of the DC segment in the APAC Variable Frequency Drive Market by 2035?
The DC segment is anticipated to reach a value of 2.67 USD Billion in the APAC Variable Frequency Drive Market by 2035.
What challenges does the APAC Variable Frequency Drive Market face in the coming years?
The APAC Variable Frequency Drive Market faces challenges such as competition among suppliers and evolving regulatory environments.
What is the expected growth rate for the Japan segment of the APAC Variable Frequency Drive Market by 2035?
The Japan segment is expected to grow to 1.84 USD Billion by 2035 in the APAC Variable Frequency Drive Market.
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