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APAC UPS Market Worth USD 4.1 Billion by 2021 - Surging Number of Small & Medium Sized Enterprises - Research and Markets

[June 29, 2016]

APAC UPS Market Worth USD 4.1 Billion by 2021 - Surging Number of Small & Medium Sized Enterprises - Research and Markets

Research and Markets has announced the addition of the "APAC UPS Market By kVA Range, By End User, By Country - Competition Forecast and Opportunities, 2011-2021" report to their offering.

The region's UPS systems market is projected to reach US$ 4.1 billion by 2021, on account of increasing IT spending and surging number of small & medium sized enterprises.

Widening power demand-supply gap coupled with growing installation of electronic & computer devices, processing equipment and high end machineries requiring uninterrupted power supply for continuous workflow is leading to surge in demand for power backup technologies such as UPS systems in residential, commercial and industrial sectors across APAC countries.

Increasing penetration of desktop PCs in various end user applications such as small offices/home offices, banks, government departments, data centers, IT sector, hospitals, educational and financial institutions, amusement parks, etc., is projected to drive UPS demand in the region over nxt five years.

Further, due to rapid infrastructural development and increasing focus towards developing energy efficient systems for avoiding damage to sensitive equipment from frequent power outages, demand for UPS in the region is anticipated to increase in the coming years, with China and India expected to account for the largest market during the forecast period.

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