The Asia-Pacific Low Voltage Drives Market was valued at USD 9.1 billion in 2024 and is estimated to grow at a CAGR of 4.3% to reach USD 14 billion by 2034.
This growth is driven by the increasing demand for precise motor control systems across various industrial applications and the rapid evolution of digital manufacturing technologies. The rise of intelligent automation and artificial intelligence within industrial operations is reshaping production environments. As businesses strive to boost accuracy, efficiency, and sustainability, adoption of low voltage drives continues to surge. Furthermore, growing investments in infrastructure, increasing industrial activity in developing nations, and urban expansion are contributing to the region’s evolving industrial landscape.
Government mandates on energy efficiency and a rising preference for integrating renewable energy systems are also pushing demand higher. Expanding consumer income and enhanced living standards across both emerging and mature economies are supporting the shift toward energy-efficient technologies. Regional governments are also launching initiatives to modernize industrial infrastructure and cut energy consumption, directly fueling market penetration. Energy policies focused on long-term efficiency and support for automation adoption are increasing the uptake of smart, reliable, and cost-effective drive systems that align with changing industrial demands.
The low power range devices segment generated USD 5.6 billion in 2024. This segment continues to grow steadily due to expanding automation in industrial applications and the need for affordable, efficient motor control technologies. Backed by regulatory frameworks promoting energy conservation and smart manufacturing, manufacturers are prioritizing automation investments. Demand is accelerating for solutions that reduce energy use and operational costs while improving process efficiency, driving adoption of compact and advanced low voltage drives.
The low voltage AC drives segment held 76.2% share in 2024 and is expected to grow at a 4.7% CAGR through 2034. This segment is experiencing robust growth due to advancements in smart drive technology, IoT-enabled features, and improved performance metrics. The growing implementation of industrial automation and adoption of smart systems are positively influencing this market. AC drives are becoming the go-to solution for manufacturers seeking scalable, adaptable, and efficient motor control technologies across both large-scale operations and smaller installations. These systems help optimize performance by controlling speed, torque, acceleration, and direction, enhancing overall productivity and system reliability.
China Low Voltage Drives Market held 46.9% share in 2024, generating USD 4.2 billion. A strong national focus on boosting energy efficiency and advancing automation technologies continues to reshape the manufacturing sector. Government-backed policies aimed at encouraging clean energy use and industrial upgrades are contributing significantly to market expansion. As businesses pursue smart manufacturing goals, efforts to streamline operations and support sustainable production practices are becoming central to growth strategies. The transformation is further supported by targeted investments in next-generation industrial solutions and infrastructure innovation.
Key players active in the Asia-Pacific Low Voltage Drives Market include Fuji Electric Co., Ltd., Bosch Rexroth (India) Private Limited, Rockwell Automation, Beckhoff Automation, Schneider Electric, LS ELECTRIC Co., Ltd., Hitachi Hi-Rel Power Electronics Private Limited, Nidec Conversion, Eaton, Danfoss, WEG, Emerson Electric Co., Mitsubishi Electric Corporation, Delta Electronics, Inc., CG Power & Industrial Solutions Ltd., Siemens, GE Vernova, Air Liquide, ABB, Erhardt+Leimer, and YASKAWA ELECTRIC (SINGAPORE) PTE LTD. To establish and maintain a strong position in the Asia-Pacific low voltage drives market, leading manufacturers are prioritizing technological innovation focused on smart functionality, digital connectivity, and energy optimization. Companies are expanding production capabilities across emerging markets to meet regional demand more efficiently. Strategic alliances with local industrial firms and distributors are helping broaden market reach.
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This growth is driven by the increasing demand for precise motor control systems across various industrial applications and the rapid evolution of digital manufacturing technologies. The rise of intelligent automation and artificial intelligence within industrial operations is reshaping production environments. As businesses strive to boost accuracy, efficiency, and sustainability, adoption of low voltage drives continues to surge. Furthermore, growing investments in infrastructure, increasing industrial activity in developing nations, and urban expansion are contributing to the region’s evolving industrial landscape.
Government mandates on energy efficiency and a rising preference for integrating renewable energy systems are also pushing demand higher. Expanding consumer income and enhanced living standards across both emerging and mature economies are supporting the shift toward energy-efficient technologies. Regional governments are also launching initiatives to modernize industrial infrastructure and cut energy consumption, directly fueling market penetration. Energy policies focused on long-term efficiency and support for automation adoption are increasing the uptake of smart, reliable, and cost-effective drive systems that align with changing industrial demands.
The low power range devices segment generated USD 5.6 billion in 2024. This segment continues to grow steadily due to expanding automation in industrial applications and the need for affordable, efficient motor control technologies. Backed by regulatory frameworks promoting energy conservation and smart manufacturing, manufacturers are prioritizing automation investments. Demand is accelerating for solutions that reduce energy use and operational costs while improving process efficiency, driving adoption of compact and advanced low voltage drives.
The low voltage AC drives segment held 76.2% share in 2024 and is expected to grow at a 4.7% CAGR through 2034. This segment is experiencing robust growth due to advancements in smart drive technology, IoT-enabled features, and improved performance metrics. The growing implementation of industrial automation and adoption of smart systems are positively influencing this market. AC drives are becoming the go-to solution for manufacturers seeking scalable, adaptable, and efficient motor control technologies across both large-scale operations and smaller installations. These systems help optimize performance by controlling speed, torque, acceleration, and direction, enhancing overall productivity and system reliability.
China Low Voltage Drives Market held 46.9% share in 2024, generating USD 4.2 billion. A strong national focus on boosting energy efficiency and advancing automation technologies continues to reshape the manufacturing sector. Government-backed policies aimed at encouraging clean energy use and industrial upgrades are contributing significantly to market expansion. As businesses pursue smart manufacturing goals, efforts to streamline operations and support sustainable production practices are becoming central to growth strategies. The transformation is further supported by targeted investments in next-generation industrial solutions and infrastructure innovation.
Key players active in the Asia-Pacific Low Voltage Drives Market include Fuji Electric Co., Ltd., Bosch Rexroth (India) Private Limited, Rockwell Automation, Beckhoff Automation, Schneider Electric, LS ELECTRIC Co., Ltd., Hitachi Hi-Rel Power Electronics Private Limited, Nidec Conversion, Eaton, Danfoss, WEG, Emerson Electric Co., Mitsubishi Electric Corporation, Delta Electronics, Inc., CG Power & Industrial Solutions Ltd., Siemens, GE Vernova, Air Liquide, ABB, Erhardt+Leimer, and YASKAWA ELECTRIC (SINGAPORE) PTE LTD. To establish and maintain a strong position in the Asia-Pacific low voltage drives market, leading manufacturers are prioritizing technological innovation focused on smart functionality, digital connectivity, and energy optimization. Companies are expanding production capabilities across emerging markets to meet regional demand more efficiently. Strategic alliances with local industrial firms and distributors are helping broaden market reach.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Size and Forecast, by Power Range, 2021-2034 (‘000 Units & USD Million)
Chapter 6 Market Size and Forecast, by Capacity, 2021-2034 (‘000 Units & USD Million)
Chapter 7 Market Size and Forecast, by Drive, 2021-2034 (‘000 Units & USD Million)
Chapter 8 Market Size and Forecast, by Technology, 2021-2034 (‘000 Units & USD Million)
Chapter 9 Market Size and Forecast, by System, 2021-2034 (‘000 Units & USD Million)
Chapter 10 Market Size and Forecast, by Application, 2021-2034 (‘000 Units & USD Million)
Chapter 11 Market Size and Forecast, by End Use, 2021-2034 (‘000 Units & USD Million)
Chapter 12 Market Size and Forecast, by Country, 2021-2034 (‘000 Units & USD Million)
Chapter 13 Company Profiles
Companies Mentioned
The key companies profiled in this Asia-Pacific Low Voltage Drives market report 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | September 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 9.1 Billion |
| Forecasted Market Value ( USD | $ 14 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 22 |
