Market Share of Asia-Pacific Alternating Current (AC) Drive Industry
The Asia-Pacific AC Drives market is moderately competitive, with numerous global and regional players such as ABB LTD, Danfoss, Siemens AG, Weg SA, and many more. These market participants have a sizable market share and are focused on expanding their customer base. These vendors prioritize R&D activities, strategic partnerships, and other organic and inorganic growth strategies to gain a competitive advantage during the forecast period.
- April 2022- WEG introduces the CFW900 Variable Speed Drive. The CFW900 VSD is the most cutting-edge product for driving and controlling motors in industrial machines and processes. The CFW900 inverter saves energy, increases productivity, and improves quality in the process network in which it is installed.
- March 2022- SEMIKRON and Danfoss Silicon Power, one of the leading players in electronics manufacturing, announced a partnership to form a joint Power Electronics business focused on power semiconductor modules. With over 3,500 dedicated power electronic specialists already on board, the new SEMIKRON-Danfoss will provide world-class technology expertise as the leading partner in Power Electronics.
APAC Alternating Current (AC) Drive Market Leaders
ABB LTD
Danfoss
Siemens AG
Weg SA
Hiconics eco-energy Technology Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
