Turkey UPS Market is Expected to Register a High CAGR in the Forecast Period, 2024-2028
The
increasing demand for UPS systems will drive the Turkey UPS market between 2024
and 2028.
According to TechSci Research report, “Turkey UPS
Market - By Region, Competition Forecast & Opportunities, 2018-2028,” the
Turkey UPS Market is expected to register robust growth during the forecast
period, 2024-2028. The Turkey Uninterruptible Power Supply (UPS) market is
currently a rapidly growing segment of the electrical industry due to the
increasing awareness of the importance of power quality. Today, businesses and
individuals are more conscious of the risks associated with instability in
electrical supply, such as voltage fluctuations, harmonics, and distortions in
the waveform. As such, the usage of UPS systems, which provide voltage
regulation, surge suppression and insulation against power disturbances, is becoming
increasingly attractive. These systems ensure greater power quality and better
protection for any sensitive electronic devices which may be susceptible to
such disturbances.
The Turkey UPS market has been experiencing healthy
development, as the demand for UPS systems climbs across multiple industries.
This growth is attributable to ongoing industrialization, urbanization and
digitalization in the country, underscoring the need for reliable backup
solutions to guarantee uninterrupted operations and safeguard vital equipment. Recent
years have seen considerable growth in the Turkey UPS market, which is driven
by enhanced recognition of the critical role uninterrupted power supply plays.
UPS systems act as a form of protection from unexpected power outages, voltage
irregularities, and power supply quality issues, delivering steady and
undeviating power sources to vital infrastructure and equipment.
Turkey's UPS market is on the verge of experiencing
substantial growth in the coming years. This can largely be attributed to
industrialization, urbanization, the growing IT and telecommunications sectors,
and the heightened demand for uninterrupted power supply. Businesses of various
industries are becoming cognizant of the importance of reliable power backup solutions
and the implementation of energy-efficient solutions. This has brought about
the need to develop advanced UPS systems that offer increased power capacities,
improved power management features and greater efficiency. As a result, leading
companies in the Turkey UPS market are making great strides in innovating and
working to expand their product portfolios.
Browse
over XX market data Figures spread through 70 Pages and an in-depth TOC on the "Turkey UPS Market.”
Turkey UPS Market is divided into type, rating,
organization size, industry vertical, region and competitive landscape. Based
on type, the market is divided into Online, Offline, and Line Interactive.
Based on Rating, the market is divided into Less than 5kVA and 5.1 kVA - 50
kVA, 50.1 kVA - 200 kVA and Others. Based on Organization Size, the market is divided
into Large Enterprise, and Small & Medium Enterprise, Based on
Industry Vertical, the market is divided into BFSI, Consumer Goods, IT &
Telecom, Manufacturing, Healthcare, Energy & Utilities, Others The market
analysis also studies the regional segmentation to devise regional market
segmentation, divided among Marmara, Central Anatolia, Mediterranean, Aegean,
Southeastern Anatolia, Black Sea and Eastern Anatolia.
Key
market players in the Turkey UPS Market include:
- Arçelik (Vestel Power Systems)
- ABB Turkey
- Socomec Elektrik
- Delta Electronics Türkiye
- SCHNEIDER ELEKTRIK A.S
- Rittal Pano Sistemleri
Tic. A.Ş
- Eaton Turkey
- LEGRAND TÜRKIYE
- Huawei Device Co., Ltd
- Riello UPS ELEKTRONİK.
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“Factors such as the increasing government
initiatives aimed at increasing the uptake of power backup systems, increasing
consumer awareness towards UPS solutions, and rising expenditure in the IT
& telecom industry are expected to drive the UPS market in the country. The
Turkish UPS Market is experiencing sustained growth in demand due to the
increasing digitization of processes and infrastructure across sectors. The
Turkey UPS Market is expected to benefit due to the growing demand for digital
infrastructure across different verticals, including IT, telecom, energy,
government, healthcare, automotive and other core industries. Additionally, the
increasing penetration of server virtualization coupled with the growth of
cloud computing services is anticipated to significantly bolster the demand for
UPS in Turkey. Furthermore, the increasing demand for uninterrupted power
supply due to the rising number of power outages and fluctuations in the
country is another factor expected to drive the Turkish UPS market in the
coming years” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Turkey
UPS Market By Type (Online, Offline, Line Interactive), By Rating
(Less than 5kVA and 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, and Others), By
Organization Size (Large Enterprise, Small & Medium Enterprise), By
Industry Vertical (BFSI, Consumer Goods, IT & Telecom, Manufacturing,
Healthcare, Energy & Utilities, and Others), By Region, Competition
Forecast and Opportunities, 2028- 2028,”
has assessed the Turkey UPS market's future
development potential and provides data and information on market size,
structure, and projected market growth. The report's goal is to give current
market knowledge and assist decision makers in making informed investment
decisions. Furthermore, the study identifies and analyzes emerging trends, as
well as key drivers, constraints, and opportunities in the Turkey UPS market.
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