In 2023, discrete manufacturing was the largest end-user segment of the AC electric drives in the Asia-Pacific region, with about 593 million U.S. dollars. This marked an increase from 2020, when discrete manufacturing generated a revenue of about 478 million U.S. dollars.
Market size of AC electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by end user
(in million U.S. dollars)
Characteristic
Discrete manufacturing
Others
Paper
HVAC-R
Food and beverages
Water treatment
Minerals
Power generation
Petrochemicals
Oil and gas
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Tanalyze. (March 6, 2024). Market size of AC electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by end user (in million U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1467282/apac-ac-electric-drives-market-size-by-end-user/
Tanalyze. "Market size of AC electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by end user (in million U.S. dollars)." Chart. March 6, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1467282/apac-ac-electric-drives-market-size-by-end-user/
Tanalyze. (2024). Market size of AC electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by end user (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1467282/apac-ac-electric-drives-market-size-by-end-user/
Tanalyze. "Market Size of Ac Electric Drives in The Asia-pacific Region from 2020 to 2023, with Forecasts for 2024 and 2029, by End User (in Million U.S. Dollars)." Statista, Statista Inc., 6 Mar 2024, https://www.statista.com/statistics/1467282/apac-ac-electric-drives-market-size-by-end-user/
Tanalyze, Market size of AC electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by end user (in million U.S. dollars) Statista, https://www.statista.com/statistics/1467282/apac-ac-electric-drives-market-size-by-end-user/ (last visited August 24, 2024)
Market size of AC electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by end user (in million U.S. dollars) [Graph], Tanalyze, March 6, 2024. [Online]. Available: https://www.statista.com/statistics/1467282/apac-ac-electric-drives-market-size-by-end-user/