In 2023, the market for electric drives in the Asia-Pacific region was dominated by low voltage drives, accounting for about 3.38 billion U.S. dollars of revenue. In comparison, medium-voltage electric drives generated approximately 776 million U.S. dollars in the same year.
Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by voltage
(in million U.S. dollars)
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 electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by voltage (in million U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1468396/apac-electric-drives-market-size-by-voltage/
Tanalyze. "Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by voltage (in million U.S. dollars)." Chart. March 6, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1468396/apac-electric-drives-market-size-by-voltage/
Tanalyze. (2024). Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by voltage (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1468396/apac-electric-drives-market-size-by-voltage/
Tanalyze. "Market Size of Electric Drives in The Asia-pacific Region from 2020 to 2023, with Forecasts for 2024 and 2029, by Voltage (in Million U.S. Dollars)." Statista, Statista Inc., 6 Mar 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1468396/apac-electric-drives-market-size-by-voltage/
Tanalyze, Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by voltage (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1468396/apac-electric-drives-market-size-by-voltage/ (last visited November 13, 2024)
Market size of electric drives in the Asia-Pacific region from 2020 to 2023, with forecasts for 2024 and 2029, by voltage (in million U.S. dollars) [Graph], Tanalyze, March 6, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1468396/apac-electric-drives-market-size-by-voltage/
