According to the UnivDatos, the rising investment in IT sector and increasing demand for constant power in the healthcare sector would drive the global demand for the Uninterruptible Power Supply market and as per their “Uninterruptible Power Supply Market” report, the global market was valued at USD 10.7 Billion in 2022, growing at a CAGR of 3.4% during the forecast period from 2023 – 2030 to reach USD 14.0 Billion by 2030.
UPS stands for Uninterruptible Power Supply, which is a device that maintains power in the event of a failure, such as a power outage or drop in voltage. A UPS typically includes a battery that is kept charged and ready to supply power when needed. The main purpose of a UPS is to ensure that a computer or other electrical devices can continue to operate for at least a short time when incoming power is interrupted.
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Uninterruptible Power Supply Overview in APAC
APAC registered a significant market share in the Uninterruptible Power Supply Market and is expected to witness an influential CAGR in the forecasted period. In the Asia-Pacific region, Uninterruptible Power Supply production is expected to grow, with some leading countries including China, Japan, India, and Australia. China and India are home to one of the biggest markets for UPS in the APAC region. The growth of the Asia-Pacific Uninterruptible Power Supply (UPS) market is driven by several factors, including the increasing demand for power and the phasing out of coal power plants, which has led to power outages and subsequently increased the demand for UPS systems. Additionally, the rapid growth of the data center market, along with the increasing electricity demand from end-users such as manufacturing and commercial sectors is a major driving factor for the UPS market in the APAC region.
Asia Pacific is also the home of data center giants such as GDS Holdings, Global Switch, NEXTDC, and AirTrunk. These companies are some of the biggest data center companies in the region and captured a significant chunk of the UPS market.
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China is the home of innovation for Uninterruptible Power Supply
China is the market leader and captured a significant portion of the APAC UPS market in 2022. This country has some of the largest UPS manufacturers and exports large quantities of UPS to surrounding areas. KSTAR, one of the players in the Chinese market, is China’s largest UPS manufacturer, with approximately 243,000 units shipped in 2022 and a market share of 14.2%. The company was ranked as China’s best-selling local UPS brand and the fifth-largest UPS provider. KSTAR has five factories in four cities in China and one factory in Vietnam and produces 3 million UPSs annually. Another major supplier is Kehua Hengsheng Co., Ltd., a leading power solutions provider in China, covering 13% of the total UPS market. Kehua has been his leading UPS brand in China for the past few years. Additionally, China also has the world’s largest data centers. This facility is owned by China Telecom and is located in Hohhot, China as part of the Mongolian Information Park.
Conclusion
The key drivers of growth in the APAC UPS market include the rising adoption of strategies by key players, increasing demand for backup power sources to protect critical infrastructure, and the growing need for consistent power supply in various sectors such as data centers, telecommunications, medical, industrial, and marine applications. The market is also influenced by factors such as rapid technological advancements, innovation, and government initiatives. All these factors will act as a catalyst in the growth of the UPS market during the forecast period.
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