Asia-Pacific UPS Market is Expected to Grow at a Robust CAGR through 2028
An increase in demand for reliable
power solutions and an increase in disposable income are expected to drive the
demand in Asia-Pacific UPS Market.
According to
TechSci Research
report, “Asia-Pacific UPS
Market- By Country, Competition, Forecast & Opportunities, 2028,” Asia-Pacific
UPS Market during the projection period, it is anticipated that the Asia-Pacific
UPS market will be driven by the rising trends of IoT and smart buildings, an
increase in the number of data centers d, virtualization and cloud computing,
an increase in multi-cloud usage, and network improvements. The UPS market is
also anticipated to be driven by a huge increase in demand for dependable power
solutions that can support massive manufacturing operations.
Based on the Type segment, the
Online segment dominates. The industrial
and commercial sectors' rising need for dependable power solutions is
anticipated to fuel market expansion. Regardless of the degree of distortion in
the incoming power source, online UPS systems can deliver a steady and clean
power supply. Additionally, an increasing number of blackouts have the
potential to seriously harm the electrical equipment used in data centers and
the telecom sector, which is further fueling demand for online uninterrupted
power supply systems. Such an uninterrupted power supply system helps to smooth
out raw power fluctuations from unexpected power cuts thanks to the two-fold
conversion.
Based on the Rating, less
than 5KVA segment will dominate the market, and these are used in homes or
other small-scale settings for things like personal computers, tube lights,
fans, and other electrical appliances. The power factor and quantity of loads
connected to the system are used to determine the rating of such a UPS system.
For instance, the typical family uses 2-3 kW of electricity at any one time.
The typical UPS system rating for residential end users is between 3 and 4 kVA.
This can support additional electric loads like lights, refrigerators, and
washing machines.
Based on the Application, the
Industrial segment will dominate the market. The industrial sector's rising
need for reliable power supply is anticipated to fuel market
expansion. Players in the market are attempting to use electrical
equipment as efficiently as possible during blackouts, which is anticipated to
accelerate market expansion. Additionally, the UPS system utilized in
industrial settings can get rid of power supply spikes, swells, sags, and
noise.
In terms of Country analysis,
the Asia-Pacific UPS Market is segmented into China,
Japan, India, South Korea, Australia, Vietnam, Indonesia, Singapore, Philippines,
and Malaysia. China's market is anticipated to increase significantly
because of the country's robust manufacturing sectors (automotive, chemical,
and energy). As the world's manufacturing and energy powerhouse, China
experiences high demand for extra power sources during unannounced blackouts.
Additionally, the industry is anticipated to develop dramatically due to the
solar power sector. The UPS can store extra solar energy for later use because
it has the capability to function as a battery backup. In the event that the
sun is insufficient during overcast or chilly conditions, UPS can be employed
to ensure a consistent power supply.
"Green UPS" is the
newest craze in the market, and demand is rising as a result of its high
effectiveness and user-friendly features. Customers are also favoring Green UPS
systems because they help reduce electricity usage, which lowers the cost of
electricity.
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Key market
players in the Asia-Pacific UPS Market include:
- Schneider Electric
- Microtek International Private Limited
- Numeric Power Systems Limited
- Eaton Corporation
- Fuji Electric
- ABP Power Solutions Pvt Ltd
- Toshiba Corporation
- Delta UPS & Voltage Stabilizers Inc.
- Zhongshan Hongbao Electrical
Manufacturing Co. Ltd.
- Jiangsu Meibaijia Electrical
Manufacturing Co. Ltd.
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New lithium-ion
(Li-ion) batteries with high operating temperatures are one example of an
advancement in UPS battery systems that are projected to open up the lucrative
potential for industry expansion. Such a UPS battery system works well in large
data centers, where a constant power supply at high operating temperatures is
necessary. Furthermore, Li-ion batteries have a two to three-times longer
lifespan than conventional Valve Regulated Lead Acid (VRLA) batteries.
“The Asia-Pacific
UPS Market is expected to expand during the projected period. Factors such as increased
demand for dependable and high-quality energy solutions across various
industries, including data centers and telecommunications, propel the market.
Businesses can continue operating their facilities with UPS. Additionally, it
is anticipated that the market will grow as a result of the rising population
and frequent power outages in both the commercial and residential sectors, and
many more factors will drive the market,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Asia-Pacific UPS Market By Type (Online, Offline and Line Interactive), By Rating (5.1kVA-50kVA,
less than 5KVA, 50.1kVA-200kVA and Others), By Application (Residential,
Commercial, and Industrial), By Sector (BFSI, OEM, Solar, Railways, Oil &
Gas, Power, Healthcare, IT, Housing, Others), By Country, Competition Forecast & Opportunities, 2018-2028.”, has evaluated the future growth potential of Asia-Pacific UPS Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Asia-Pacific
UPS Market.
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