According to the recent research report titled ‘Asia Pacific Variable Frequency Drive Market Forecast 2027 By Voltage, By Drive, By Application, By End Use, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, Asia Pacific variable frequency drive market is expected to grow considerably through 2027.

Rising energy consumption levels across various industries such as electricity, oil and gas, commercial buildings, and mining among others coupled with growing focus to reduce and manage these energy consumption levels are the major factors influencing the Asia Pacific variable frequency drive market.

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Shifting consumer preference for using energy-saving variable frequency drives is likely to be influenced by various government regulations regarding reduced energy use, carbon emissions, and power usage, further favoring the overall market scenario.

Around one-third of the world's electrical energy is supplied by electric motors in fixed-speed centrifugal pumps, fans, and air compressors. This indicates that replacing obsolete motor control systems with variable frequency drive systems can result in significant energy efficiency advantages in the industrial production business.

Asia Pacific variable frequency drive marketplace is segmented on the basis of voltage type, drive type, application scope, end-user reach, and regional landscape.

The voltage segment is divided into low, high, and medium voltages. The application landscape consists of fans, pumps, conveyors, compressors, extruders, and others. The end-user spectrum of this business space involves power generation, oil & gas, mining & metals, marine, pulp & paper, and others.

On the basis of drive, the market is segmented into AC, DC, and servo. The report cites that DC-based variable frequency drive market is expected to grow significantly through 2027 because of rising power consumption in countries such as China, Japan, and India.

The regional landscape of Asia Pacific variable frequency drive industry includes India, China, Japan, South Korea, Australia, and South Korea.

The competitive landscape of Asia Pacific variable frequency drive business sphere is defined by companies such as Honeywell International Inc., Johnson Controls, Rockwell Automation Inc., ABB Ltd., Siemens AG, Emerson Electric Co., Schneider Electric, Yaskawa Electric Corporation, Hiconics Eco-energy Technology Co. Ltd., CG Power and Industrial Solutions Limited, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Hitachi Hi-Rel Power Electronics Pvt. Ltd., and Danfoss.