Asia-pacific Uninterruptible Power Supply (Ups) Market Forecast 2022-2030
KEY FINDINGS
The Asia-Pacific uninterruptible power supply (UPS) market is anticipated to rise with a CAGR of 4.21% during the forecast period, 2022-2030. Adoption of emerging technologies, significant investments in the network & IT infrastructure, and the launch of inexpensive and high-quality power technology drive the market growth.
MARKET INSIGHTS
The Asia-Pacific uninterruptible power supply (UPS) market growth analysis includes the evaluation of India, Malaysia, Australia & New Zealand, Thailand, China, Japan, Indonesia, South Korea, and Rest of Asia-Pacific. In South Korea, increasing demands for colocation facilities, rising developments in the IT sector, escalating foreign direct investments in the manufacturing and industrial sectors, increasing cloud service adoption, etc., are some of the major driving factors for the growth of the South Korea uninterruptible power supply (UPS) market during the forecast period.
On the other hand, the Indonesia uninterruptible power supply (UPS) market is expected to witness growth owing to rising awareness of the requirement for continuous and reliable power supply, growth in cloud spending, and the requirement for improved power supplies in diverse segments. In addition, growth in the demand for consumer electronics is further expected to promote market growth. Growth in the consumer electronics sector is anticipated to increase the demand and deployment of uninterruptible power supply.
Furthermore, growing IT infrastructure, the need for power backup solutions, etc., are some of the major factors fueling growth in the Thailand uninterruptible power supply (UPS) market during the forecast period. There has been growth in the market for IT services, which is expected to increase the deployment of uninterruptible power supply systems to provide backup power to consumer electronic devices.
COMPETITIVE INSIGHTS
The leading market players operating in Asia-Pacific include Hitachi Ltd, Huawei Technologies Co Ltd, Fuji Electric Co Ltd, and Numeric Power Systems Ltd.
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