NEW YORK, June 20, 2016 /PRNewswire/ --
Growing demand for power backup, declining prices and advancements in technology to drive sales of UPS in APAC countries
According to TechSci Research report "APAC UPS Market By kVA Range, By End User, By Country, Competition Forecast and Opportunities, 2011-2021", the market for UPS systems in Asia-Pacific is anticipated to surpass $ 4 billion by 2021 on account of increasing IT investments, surge in the number of small & medium sized enterprises and rapid growth in the infrastructural & commercial applications such as IT/ITeS, telecom, retail, hospitality & BFSI sectors. UPS systems provide uninterrupted power and constant protection to electric equipment from sudden interruptions in power supply, and consequently are witnessing a widespread adoption across various end users such as data centres, hospitals, hotels, telecommunication, IT sector, and various industries such as oil and gas, chemical, and food processing. Further, demand for UPS in the Asia-Pacific majorly emanates from expanding IT and telecom sector, which witnessed significant growth over the last decade, owing to the increasing IT investments and rising need for uninterrupted power supply to ensure continuous workflow. During 2012-2017, IT spending in the Asia-Pacific is expected to grow at a CAGR of around 7%, which is positively influencing the region's UPS market.
Browse 3 market data Tables and 72 Figures spread through 154 Pages and an in-depth TOC on
"Asia-Pacific UPS Market"
Asia-Pacific Information Technology (IT) Spending, By Value (USD Billion), 2012-2017F
IT Spending (USD Year Billion) 2012 672 2013 725.4 2014 757 2015E 817 2016F 875 2017F 933
Source: TechSci Research
On account of easy affordability and increasing digitalization in diverse end-use segments including small offices, banks, hospitals, shopping malls, amusement parks, retail outlets, etc., less than 5kVA UPS segment accounted for the largest share in Asia-Pacific UPS market, in 2015. Majority of the demand for UPS systems across Asia-Pacific emanates from commercial sector on the back of widening power demand-supply gap and increasing SMB IT spending. Emerson Network Power, APC by Schneider Electric, Eaton Corporation Plc. and Mitsubishi Electric Power Products are few of the major companies operating in Asia-Pacific UPS market.
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"Increasing digitalization in the commercial and industrial sectors on account of rising SMB investments coupled with favorable government initiatives focusing on developing energy efficient technologies in order to overcome the problem of frequent power shortages, is likely to boost demand for UPS systems in Asia-Pacific through 2021" said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"APAC UPS Market By kVA Range, By End User, By Country, Competition Forecast and Opportunities, 2011-2021" has evaluated the UPS market across Asia-Pacific and provides statistics and information on market structure, industry behavior and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Asia-Pacific UPS market.
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