Saudi Arabia UPS Market is Expected to Register a Steady CAGR During the Forecast Period 2024-2028
The Saudi Arabia UPS Market is estimated to develop
during the forecast period due to the increasing demand for reliable power
supply and the growth of the IT sector.
According to
TechSci Research report, “Saudi Arabia UPS Market By Region,
Competition, Forecast & Opportunities, 2028”, the Saudi Arabia UPS market is likely
to increase in the north because of the region’s significant expansion in the
telecommunications industry. The scope of batteries has expanded with the
launch of 5G in Saudi Arabia. With a rising spectrum of telecom towers, the
need for industrial batteries to power the telecom towers to provide continuous
power supply is increasing, which is likely to serve as a stimulus for the
growth of the Saudi Arabia UPS market over the forecast period.
In the dynamic UPS market,
both branded and unbranded local manufacturers compete for shelf space and the
best price. The rise in disposable family incomes in Saudi Arabia has led to
increased sales of electrical equipment, such as refrigerators, air conditioners,
televisions, and microwaves. This increase in demand for electrical equipment
is also expected to drive demand for UPS batteries. As a result, the UPS market
is expected to expand rapidly throughout the forecast period. One of the
groundbreaking inventions is the online UPS, which is the most frequently used
equipment in the world for shielding any vital electrical and electronic gear
or data from power shortages and fluctuations. When the main supply or
fluctuations exceed a particular threshold, a double-conversion UPS instantly
changes to battery mode.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Saudi Arabia UPS Market”
The government's initiatives
to improve the country's non-oil industries will help the UPS market flourish.
The Saudi Vision 2030 program anticipates the development of new hotels,
education institutes, retail outlets, industrial areas, and power plant
projects in the next years. Lithium-ion batteries are lighter, more compact,
and have a longer lifespan than traditional lead-acid batteries. They are also
more efficient and have a faster charging time, which makes them more suitable
for applications in data centers and other mission-critical applications.
Another trend in the market
is the increasing adoption of cloud computing and edge computing. Cloud
computing has been driving the demand for data centers, which in turn has been
boosting the demand for UPS systems. Edge computing, on the other hand, is
becoming increasingly popular due to the growing number of connected devices
and the need for real-time data processing. As a result, the rise of Saudi Arabia's
commercial and industrial sectors is predicted to fuel the country's UPS growth
throughout the projection period.
Saudi Arabia is aiming for a
complete transition to renewable energy systems by 2040, and the government is
substantially investing in this endeavor. Because of their low cost and
extended life, UPS batteries are a viable option for use in renewable energy
systems. As a result, the growth of the renewable energy industry is likely to
enhance the Saudi Arabia UPS battery market.
Saudi Arabia UPS Market is divided on the basis of Type, Rating, Sector
and Application.
Based on Product, the market is further bifurcated into
Online, Offline, Line Interactive.
Based on Rating, the market is segmented
into Less than Less than 5kVA, 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, Others,
Based on Sector, the market is segmented into BFSI, OEM(Manufacturing), Oil & Gas, Power, Healthcare, IT, Housing, and Others.
The BFSI sector is going to dominate this segment as large number of banking
firms and offices are well established in the kingdom, increasing the demand of
UPS supply across the region.
Based on Application, the market is further segmented into Commercial,
Residential, Government, and Industrial. Because of the government's emphasis
on improving the country's social infrastructure, the commercial sector is
likely to dominate this section in the coming years.
Key market
players in the Saudi Arabia UPS Market include:
- ABB Ltd
- General Electric Company
- Shenzhen Kstar Science And Technology Co. Ltd.
- Wataniya Fiber Glass Reinforced Plastic Factory Co.
W.L.L
- Eaton Corporation PLC
- Legrand SNC FZE
- Socomec Middle East
- Tripp Lite
- Vertiv Co
- Riello UPS Middle East FZ-LLC.
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“The Saudi Arabia economy is gradually rebounding after years of
financial turmoil. Because of ambitious plans like Saudi Vision 2030, the
kingdom is expected to witness the construction of new hospitals, offices,
retail spaces, and educational institutions over the next several years.
Furthermore, the Saudi Arabia UPS market is expected to grow slightly
throughout the forecast period due to the country's growing number of data centers,
SMEs, and other commercial utilities. Thus, all factors are expected to propel the Saudi Arabia
UPS market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Saudi Arabia UPS Market by Type (Online, Offline, Line Interactive), By Rating (Less
than 5kVA, 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, Others), By Sector (BFSI, OEM(Manufacturing),
Oil & Gas, Power, Healthcare, IT, Housing, Others), By Application
(Commercial, Residential, Government, Industrial), By Region, Competition,
Forecast & Opportunities, 2028” has evaluated the future growth
potential of Saudi Arabia UPS Market and provides statistics & information
on market size, structure, and future 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 analyses emerging
trends, as well as key drivers, challenges, and opportunities in the Saudi
Arabia UPS Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com