Singapore – Danfoss Power Electronics and Drives has exhibited exceptional performance in the first half of 2023, in Asia Pacific and India region.
The Asia Pacific Region has experienced triple the growth compared to market growth, while India has also shown double sales growth from 2019 to 2022 and approximately 30%-40% growth as of June 2023.
The exceptional result is attributed to the immerse opportunities and potential in the region, and the global Foreign Direct Investment (FDI) from west to east.
The region is expecting an optimistic performance forecast for 2024.
President of Danfoss Power Electronics and Drives, Mika Kulju said that Danfoss Power Electronics and Drives is a powerhouse within energy efficiency and electrification. As the world goes electric, our technologies are more relevant than ever, helping the world use energy more efficiently.
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