In 2023, discrete manufacturing was the largest end-user segment of medium-voltage AC electric drives in the Asia-Pacific region, with 125 million U.S. dollars of revenue achieved. This marked an increase from 2020, when discrete manufacturing generated a revenue of about 101 million U.S. dollars.
Market size of medium-voltage 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
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Tanalyze. (March 6, 2024). Market size of medium-voltage 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/1469281/apac-medium-voltage-ac-electric-drives-market-size-by-end-user/
Tanalyze. "Market size of medium-voltage 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/1469281/apac-medium-voltage-ac-electric-drives-market-size-by-end-user/
Tanalyze. (2024). Market size of medium-voltage 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/1469281/apac-medium-voltage-ac-electric-drives-market-size-by-end-user/
Tanalyze. "Market Size of Medium-voltage 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/1469281/apac-medium-voltage-ac-electric-drives-market-size-by-end-user/
Tanalyze, Market size of medium-voltage 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/1469281/apac-medium-voltage-ac-electric-drives-market-size-by-end-user/ (last visited August 24, 2024)
Market size of medium-voltage 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/1469281/apac-medium-voltage-ac-electric-drives-market-size-by-end-user/