In 2023, the market size for AC electric drives in the Asia-Pacific region exceeded 3.5 billion U.S. dollars. AC type electric drives make up the largest share of the electric drives market in the region. The market was forecast to continue to grow, and is set to reach about 5.3 billion U.S. dollars by 2029.
Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by product type
(in million U.S. dollars)
Characteristic
AC drives
Servo drives
DC drives
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Tanalyze. (March 6, 2024). Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by product type (in million U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1467168/apac-electric-drives-market-size-by-product-type/
Tanalyze. "Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by product type (in million U.S. dollars)." Chart. March 6, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1467168/apac-electric-drives-market-size-by-product-type/
Tanalyze. (2024). Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by product type (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1467168/apac-electric-drives-market-size-by-product-type/
Tanalyze. "Market Size of Electric Drives in The Asia-pacific Region from 2020 to 2023, with Forecasts for 2024 and 2029, by Product Type (in Million U.S. Dollars)." Statista, Statista Inc., 6 Mar 2024, https://www.statista.com/statistics/1467168/apac-electric-drives-market-size-by-product-type/
Tanalyze, Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by product type (in million U.S. dollars) Statista, https://www.statista.com/statistics/1467168/apac-electric-drives-market-size-by-product-type/ (last visited August 24, 2024)
Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by product type (in million U.S. dollars) [Graph], Tanalyze, March 6, 2024. [Online]. Available: https://www.statista.com/statistics/1467168/apac-electric-drives-market-size-by-product-type/