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APAC UPS Market revenue to cross $3,500 Mn by 2027
Published Date: 2022-04-08
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APAC UPS Market size is estimated to reach USD 3,500 million by 2027, according to a latest forecast report by Graphical Research.
The growing implementation of energy-efficient data centers in Asia Pacific provides impetus to the market revenue. A UPS provides advantages such as providing greener electricity through more efficient & intelligent technologies. It minimizes data center carbon footprints and eases the demand on overloaded electricity systems. The demand for UPS is growing as energy use contributes to environmental degradation, greenhouse gases, and pollution. Manufacturers are developing advanced management solutions to control energy usage in data centers to increase efficiency and lower the Power Usage Effectiveness (PUE) ratio. This factor will boost the demand for green data center UPSs in the industry.
The COVID-19-enforced lockdowns in Asia Pacific affected supply chains due to limited authorized transportation. Several countries in Asia Pacific were under severe lockdowns and suffered an immense economic loss owing to the shutdown of manufacturing units. These factors impacted the demand for UPS in 2020. Countries in Asia Pacific including China, India, and Japan witnessed a considerable demand for UPS in the second half of 2020 from the BFSI and IT & telecom industries. The steady growth in the development of the manufacturing industry in Asia Pacific was expected to enhance the sale of UPS by 2022.
The demand for online UPS is increasing as it helps in noise filtering and power surge suppression to safeguard the associated devices from damage induced by electromagnetic line noise and lightning. Online UPS provides higher protection through double-conversion operation, which separates equipment from failures on the AC grid. Online UPS systems use a precise technique of voltage control through continuous double conversion, shielding connected equipment from blackouts, brownouts, electrical impulses, frequency changes, harmonic distortion, and overvoltage. It provides back-up power and protection to mission-critical equipment & servers at data centers.
Browse detailed statistical insights from the report, “Asia Pacific UPS Market Forecast 2027 By Component (Solution [Standby (Offline), Line-Interactive, Online UPS], Services [Managed, Professional]), By Application (BFSI, Data Centers, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, Residential), By End use (SMEs, Large Enterprise), Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Increasing digitalization of the manufacturing sector is helping the UPS market grow as it regulates electricity used to operate various manufacturing equipment. For instance, in August 2019, the government of India launched SAMARTH Udyog Bharat 4.0, to drive manufacturing to a ‘Smart and intelligent Manufacturing’. This has enabled the industries to use advanced manufacturing solutions based on Internet of Things (IoT), block chain, cyber-physical systems, and Artificial Intelligence (AI). The UPS system delivers clean power in the case of a power failure or fluctuation, which would otherwise cause the smart equipment to malfunction or shut down. A UPS reduces the wear & strain on industrial parts, resulting in less downtime and lower maintenance expenses.
The demand for UPS systems is increasing as leading large enterprises are moving their mission-critical workloads to the cloud that require steady power distribution. The increasing penetration of cloud services is helping the UPS market grow in Asia Pacific. For instance, in November 2021, Oracle Corporation introduced the Oracle Cloud in Singapore to support the growing demand for enterprise cloud services. It assists companies in migrating current complex workloads and data platforms to the cloud and develop new cloud native applications. For the most stringent requirements, cloud network providers require a high-capacity UPS. This aids in avoiding the implications of downtime, avoiding implementation delays, and reducing excessive power usage.
The APAC UPS market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:
Asia Pacific Market, By Component
- Standby (Offline)
- Online UPS
Asia Pacific Market, By Application
- Data Centers
- IT & Telecom
- Media & Entertainment
Asia Pacific Market, By End Use
- Large Enterprise
The above information has been provided for the following countries:
- Asia Pacific
- South Korea