Asia Pacific Variable Frequency Drives Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia Pacific Variable Frequency Drives Market is Segmented By Power Rating (Low Voltage, Medium Voltage), End-User Industry (Oil and Gas, Food Processing, Energy and Power, Water and Wastewater Management and Other End-User Industries) and Geography.

Asia Pacific Variable Frequency Drives Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Variable Frequency Drives Market Size

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Asia Pacific Variable Frequency Drives Market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 6.50 %
Market Concentration Medium

Major Players

APAC Variable Frequency Drives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Variable Frequency Drives Market Analysis

The APAC Variable Frequency Drives Market is expected to register a CAGR of 6.5% during the forecast period.

  • The Variable Frequency Drives used to monitor the speed of motors have gained significant traction due to their ability to optimize energy usage in various industries. Not only energy efficiency but the popularity of VFDs can also be attributed to their capacity to increase motor life and further reduce the maintenance of motor by allowing it distributed use across the life-cycle, relieving it from constant use under the same parameters.
  • Increased investments from several VFD vendors (especially in R&D) have allowed them to further the technology and prompt the growth of the variable frequency drives market. The investment in the Asia-Pacific region has been higher, owing to the opportunities arising from relatively higher infrastructure and economic development in the region.
  • Rapid technological advancement has led to higher acceptability of the drives in several industries. The advances are focused on high reliability and reduced energy costs which can potentially reduce the per square foot energy by 30-40% when equipped with motor-driven systems in commercial buildings.
  • Additionally, the advanced and modern drives integrate the networking and diagnostic capabilities into better performance and increased productivity. Intelligent motor control, energy savings, and reduction of peak-current drawn are some of the major reasons to choose a VFD as the controller in every motor-driven system.
  • For heating, ventilation, and air-conditioning systems used in the commercial and industrial sector, the Variable Frequency Drives find wide usage as they can handle the variable load in several components, like chillers. The VFD helps allow peak capacity to meet the high demands of peak loads in constant flow HVAC systems and then slowly control the energy with decreasing need for the load.
  • The COVID-19 outbreak had an unprecedented impact on the studied market, with several end-user industries that deploy variable frequency drives facing several difficulties. The industries were riddled with nationwide lockdowns, which brought them to a standstill. The pandemic led to supply chain disruptions and the manufacturing of Variable Frequency Drives creating difficulties for the vendors to run optimum production. Furthermore, the nationwide lockdown across countries resulted in the shutting down of operations. The pandemic also led to the closing of borders which made imports and exports of parts and the integration of the products at the installation site a challenge.

APAC Variable Frequency Drives Industry Overview

The Asia Pacific Variable Frequency Drives Market is fragmented due to the presence of players such as Eaton Corporation, ABB Ltd, Crompton Greaves, General Electric Compnay, and Honeywell International Inc. Companies are investing in R&D and driving towards improving the market.

  • Feb 2020 - GE Renewable Energy booked a contract with Angat Hydropower Corporation to rehabilitate the 218 MW Angat hydropower plant located in the Philippines. Angat hydropower facility supplies more than 90% of Metro Manila's potable water needs and supports the irrigation of 25,000 hectares of farmlands in Bulacan and Pampanga.
  • June 2021 - Power management company Eaton announced it had completed the acquisition of a 50 percent stake in Jiangsu YiNeng Electric's busway business, which manufactures and markets busway products in China. The combination of YiNeng's busway capabilities and strong presence in China with Eaton's broad power distribution and power quality portfolio enables the company to expand packaged solutions that meet the needs of customers in the Asia-Pacific region.
  • Aug 2021 - Hitachi acquired the Thales ground transportation systems business, creating opportunities and expansions of core business in new markets and also for GTS customers. The combination of Hitachi and GTS digital expertise helps accelerate Hitachi's Mobility as a Service offering a global customer base.

APAC Variable Frequency Drives Market Leaders

  1. Eaton Corporation

  2. General Electric Company

  3. Toshiba Corporation

  4. ABB Ltd

  5. Hitachi Group

  6. *Disclaimer: Major Players sorted in no particular order
VFD market concentration.jpg
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APAC Variable Frequency Drives Market News

  • July 2021 - Hitachi Ltd announced it had completed the acquisition of GlobalLogicInc; this acquisition enhances Hitachi Group's ability to deliver its strategy to promote Social Innovation Business through digital technology to solve its customers' issues. Hitachi will also be able to transform social infrastructure on a global scale.
  • Oct 2021 - Toshiba Energy Systems & Solutions Corporation completed its acquisition of the EtaPRO business from GP Strategies Corporation. This acquisition will enhance Toshiba's current global servicing and maintenance solutions for turbines and equipment across multiple platforms. Toshiba's acquisition of EtaPRO will allow its innovative technology to reach its full potential with a global reach and new functional possibilities.

APAC Variable Frequency Drives Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Value Chain / Supply Chain Analysis
  • 4.3 Porters 5 Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of the Impact of COVID-19 on the Market

5. Technology Snapshot

  • 5.1 By Type
    • 5.1.1 AC Drivers
    • 5.1.2 DC Drivers

6. Market Dynamics

  • 6.1 Market Drivers
  • 6.2 Market Restraints

7. MARKET SEGMENTATION

  • 7.1 By Power Rating
    • 7.1.1 Low Voltage
    • 7.1.2 Medium Voltage
  • 7.2 By End-User Industry
    • 7.2.1 Oil and Gas
    • 7.2.2 Food Processing
    • 7.2.3 Energy and Power
    • 7.2.4 Water and Wastewater Management
    • 7.2.5 Pulp and Paper
    • 7.2.6 Other End User Industries
  • 7.3 By Country
    • 7.3.1 China
    • 7.3.2 India
    • 7.3.3 Japan
    • 7.3.4 Rest of Asia Pacific

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 Eaton Corporation
    • 8.1.2 ABB Ltd (GE Industrial)
    • 8.1.3 Crompton Greaves
    • 8.1.4 General Electric Company
    • 8.1.5 Honeywell International Inc.
    • 8.1.6 Rockwell Automation Inc.
    • 8.1.7 Hitachi Group
    • 8.1.8 Siemens AG
    • 8.1.9 Mitsubishi Corporation
    • 8.1.10 Toshiba Corporation
    • 8.1.11 Schneider Electric Company
    • 8.1.12 Johnson Controls
    • 8.1.13 Emerson Electric Company
  • *List Not Exhaustive

9. Investment Analysis

10. Future of the Market

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APAC Variable Frequency Drives Industry Segmentation

A variable frequency drive (VFD) is a motor controller that drives an electric motor by varying the frequency and voltage of its power supply. The VFD also has the ability to control ramp-up and ramp-down of the motor during start or stop, respectively. The study covers the trends and recent developments of Variable Frequency Drives across geographies and several end-user industries, like infrastructure, food processing, energy and power, mining and metals, and pulp and paper.

By Power Rating Low Voltage
Medium Voltage
By End-User Industry Oil and Gas
Food Processing
Energy and Power
Water and Wastewater Management
Pulp and Paper
Other End User Industries
By Country China
India
Japan
Rest of Asia Pacific
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APAC Variable Frequency Drives Market Research FAQs

What is the current APAC Variable Frequency Drives Market size?

The APAC Variable Frequency Drives Market is projected to register a CAGR of 6.5% during the forecast period (2025-2030)

Who are the key players in APAC Variable Frequency Drives Market?

Eaton Corporation, General Electric Company, Toshiba Corporation, ABB Ltd and Hitachi Group are the major companies operating in the APAC Variable Frequency Drives Market.

What years does this APAC Variable Frequency Drives Market cover?

The report covers the APAC Variable Frequency Drives Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the APAC Variable Frequency Drives Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Variable Frequency Drives Industry Report

Statistics for the 2025 APAC Variable Frequency Drives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Variable Frequency Drives analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.