Asia-pacific Uninterruptible Power Supply (Ups) Market 2023-2030

Asia-pacific Uninterruptible Power Supply (Ups) Market 2023-2030

MARKET OUTLOOK

Triton Market Research's report on the Asia-Pacific uninterruptible power supply (UPS) market forecasts a CAGR of 4.23% during the 2023-2030 forecast period. China, Japan, India, South Korea, Australia & New Zealand, ASEAN countries, and Rest of Asia-Pacific are evaluated in the region.

The uninterruptible power supply (UPS) market in South Korea is witnessing substantial growth, fueled by increasing demands for colocation facilities and advancements in the IT sector. Furthermore, South Korea's continuous efforts to attract foreign direct investments in the manufacturing and industrial sectors, along with the growing adoption of cloud services, contribute significantly to the UPS market's expansion. As per estimates, the cloud service user penetration rate in South Korea has increased from 11.2% in 2015 to 18.75% in 2021.

Japan's UPS market is poised for substantial growth, driven by a confluence of key factors that will propel progress throughout the forecast period. The increasing demand for high-rated power supply from data centers emerges as a primary driver, while technological advancements by market players further bolster market expansion. Based on data from Statista, the Japanese uninterruptible power supply (UPS) market's domestic shipment value was approximately $0.55 billion in fiscal year 2020. It is projected to grow to nearly $0.60 billion by 2023.

COMPETITIVE OUTLOOK

The prominent companies in the uninterruptible power supply (UPS) market consist of Mitsubishi Electric Corporation, General Electric Company, Delta Electronics Inc, Schneider Electric SE, Eaton Corporation Plc, Legrand, and Toshiba International Corporation.