Market size of low-voltage electric drives APAC 2020-2029, by product type

Published by Statista Research Department, May 28, 2024

In 2023, the market size for low-voltage AC electric drives in the Asia-Pacific region reached almost 2.8 billion U.S. dollars. In comparison, low-voltage DC drives achieved a market size of about 109 million U.S. dollars in the region that year.

Market size of low-voltage 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)

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Release date

March 2024

Region

Asia, APAC

Survey time period

2020 to 2023

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