APAC Electric Drives Market Share

Market Share of APAC Electric Drives Industry

The Asia Pacific electric drives market is fragmented owing to the presence of regional and international players such as Danfoss, ABB, Nidec Corporation, TMEIC, etc., in the market that offers high-quality, reliable devices with technological advancement. The competition will likely intensify due to rising activities such as mergers and acquisitions and product launches by vendors to enhance their presence in the market.

• July 2021 - Toshiba Mitsubishi-Electric Industrial Systems Corporation has delivered a motor drive system and an automation system for a cutting-edge hot strip mill facility set up by Shougang Jingtang Iron & Steel Co., Ltd. in Tangshan City, Hebei Province, China. The final delivery was completed in May 2021.

APAC Electric Drives Market Leaders

1. Danfoss

2. Rockwell Automation

3. Schneider Electric

4. Nidec Corporation

5. TMEIC

*Disclaimer: Major Players sorted in no particular order