2023: Danfoss Power Electronics and Drives Performs with Strong First Half-Year Results in the Asia Pacific and India region

2023: Danfoss Power Electronics and Drives Performs with Strong First Half-Year Results in the Asia Pacific and India region

According to the 2023 financial report, Danfoss Power Electronics and Drives has exhibited exceptional performance, attributed to the remarkable opportunities and immense potential present in India and the Asia Pacific region.

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Danfoss Power Electronics and Drives (DPD) in Asia Pacific and India have delivered remarkable sales performances in the first half of 2023. Notably, DPD’s sales in Asia Pacific have shown significant growth compared to June 2022. The Asia Pacific Region has experienced triple the growth compared to market growth during this period, surpassing expectations. Meanwhile, India has also shown impressive double sales growth from 2019 to 2022 and approximately 30%-40% growth as of June 2023.

The Asia Pacific and India regions have emerged as promising destinations for investment and global economic growth. With the Asia region receiving 40% of global Foreign Direct Investment (FDI) for the third consecutive years and demonstrating consistent growth, the region’s potential remains unparalleled. These regions continue to shine as bright spots on the global economic landscape.

According to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), approximately 80% of global growth for the current year and following year is projected to originate from emerging markets and developing economies. India is anticipated to contribute more than 15% to this growth.

To read the full press release, please visit https://bit.ly/3Z6J8e0.