In 2023, discrete manufacturing was the largest end-user segment of low-voltage electric drives in the Asia-Pacific region, with 563.4 million U.S. dollars of revenue achieved. The segment is expected to continue to grow further, and was forecast to reach 772 million U.S. dollars by 2029.
Market size of low-voltage 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)
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Tanalyze. (March 6, 2024). Market size of low-voltage 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 December 20, 2024, from https://www.statista.com/statistics/1468488/apac-low-voltage-electric-drives-market-size-by-end-user/
Tanalyze. "Market size of low-voltage 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 December 20, 2024. https://www.statista.com/statistics/1468488/apac-low-voltage-electric-drives-market-size-by-end-user/
Tanalyze. (2024). Market size of low-voltage 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: December 20, 2024. https://www.statista.com/statistics/1468488/apac-low-voltage-electric-drives-market-size-by-end-user/
Tanalyze. "Market Size of Low-voltage 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/1468488/apac-low-voltage-electric-drives-market-size-by-end-user/
Tanalyze, Market size of low-voltage 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/1468488/apac-low-voltage-electric-drives-market-size-by-end-user/ (last visited December 20, 2024)
Market size of low-voltage 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/1468488/apac-low-voltage-electric-drives-market-size-by-end-user/
