New Zealand UPS Market size is projected to grow at a CAGR of 6.1% during 2021-27.
The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, market drivers, and market share by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.
New Zealand UPS Market Synopsis
New Zealand UPS market witnessed healthy growth during the period 2017-20 underpinned by rapid growth in the commercial sector owing to the ongoing digitization of the country. The upcoming development projects which are cloud-based and the increasing number of data centers in the country are the major drivers for the UPS market in New Zealand.
However, the outbreak of the COVID-19 pandemic resulted in a slowdown in the market during the year 2020, as a result of a halt in the business operations, manufacturing units, and the stringent lockdown imposed in the country. The falling demand from the commercial and manufacturing sectors have hampered the growth of the UPS market in the IT and BFSI sectors.
Recovery is expected in market revenues post 2020, with a gradual opening of economic activities and restart of the manufacturing sector along with industrial activities, which would result in increased demand for UPS across the country.
The growth can be attributed to rising investment in the IT, cloud computing, data center and manufacturing industries with the aim of making New Zealand a favoured destination for foreign investments.
Global Tech giants like Microsoft, Meridian Energy and Datagrid New Zealand are in the process of setting up manufacturing plants of UPS in New Zealand. The Cloud Act, Climate Change Response (Zero carbon) Amendment Act, would focus on increasing the share of renewable energy sources to generate electricity and thus it would in-turn increase the demand for UPS in the country.
Further, the increasing investment for technological advancement of sectors such as healthcare, banking & finance, would strengthen the ICT sector which would drive the demand for UPS even further.
Market Analysis by KVA Ratings
The segment 1.1 KVA-5 KVA generated the majority of the market revenues on account of its wide application in residential and commercial sectors.
The COVID-19 pandemic brought a paradigm shift in work culture and along with it the work-from-home culture was adopted by many companies which also increased the consumption rate of electricity and in-turn increased the demand for UPS by household and corporate sector of the society as well.
Market Analysis by Applications
In New Zealand UPS Market, industrial and commercial applications have led the overall market revenues accounting more than 90% of the market revenues in 2020. Commercial application captured key share of the market pie, led by deployment across various areas such as data centers, BFSI, etc.
Scope of the Report
Cyberpower Systems Inc.
Delta Electronics (NZ) Ltd.
Eaton Corporation plc
Helios Power Solutions
Schneider Electric (NZ) Ltd.
Vertiv Holdings LLC
Key Attractiveness of the Report
COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2017 to 2020.
Base Year: 2020
Forecast Data until 2027.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.
Key Highlights of the Report
New Zealand UPS Market Overview
New Zealand UPS Market Outlook
New Zealand UPS Market Forecast
Historical data and Forecast of New Zealand UPS Market Revenues and Volume, for the Period, 2017-2027F
Historical data and Forecast of Revenues and Volume, By kVA Ratings, for the Period, 2017-2027F
Historical data and Forecast of Revenues, By Phase, for the Period, 2017-2027F
Historical data and Forecast of Revenues, By Application, for the Period, 2017-2027F
Historical data and Forecast of Revenues, By Regions, for the Period, 2017-2027F Market Drivers and Restraints
New Zealand UPS Market Trends
Industry Life Cycle
Porter's Five Forces Analysis
Market Opportunity Assessment
New Zealand UPS Market Share, By Companies
Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:By kVA Ratings