Indonesia UPS Market to Grow at a CAGR of 7.21% During the Forecast Period
Increasing population and rapid urbanization have fuelled the need for energy storage technologies like UPS, which is expected to drive the growth of Indonesia UPS Market through 2026.
According to TechSci Research report, “Indonesia UPS Market By Type (Online and Offline), By Application (Commercial, Industrial and Residential), By Rating (5.1kVA-50kVA, Less than 5KVA, 50.1kVA-200kVA, 200.1kVA – 500kVA, Above 800kVA, and 500.1kVA – 800kVA), By Region, Competition, Forecast & Opportunities 2016-2026”, Indonesia UPS Market is expected to reach USD328.67 million by 2026 growing at a CAGR of 7.21% during the forecast period. This growth is attributed to the rapid rise in the need for improved power supplies on diverse end-user segments such as manufacturing, government, chemical, pharmaceuticals, BFSI, IT, data centers, hospitality and retail sectors. Certain government laws that require financial institutions to store financial information within the country increases the demand for data centers in Indonesia. Data centers contribute to almost half of UPS market in Indonesia and are expected to propel the growth of Indonesia UPS market pertaining to these laws, which are expected to be extended to all IT services.
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On the basis of region, Indonesia UPS market can be segmented into Java, Sumatra, Kalimantan, Sulawesi and Others. Java is estimated to be the dominating region in the Indonesia UPS market with a share of 52.80% in 2020, owing to the rapid development in infrastructure coupled with the increasing investments into the IT sector, which have resulted in the expansion of UPS market in this region. Moreover, rising population, increasing urbanization, growing manufacturing and process industries and rapidly increasing industrial and infrastructural development activities in the region have increased the need for energy storage technologies like UPS that prevents the data from being lost due to frequent power outages. Additionally, the increasing focus towards high-resolution broadcasting and localization of the international contents with less usage of data is another major factor contributing to the growth of the UPS market in Indonesia.
Based on the type, the market can be segmented Online and Offline in which the online segment led the Indonesia UPS market with a market share of 87.53% in 2020 with a momentous growth during the forecast period. This expansion is due to the increasing requirement for the highest level of protection from all types of power problems such as high voltage surges, frequency variation, etc. in IT/ITES industry, offices, banks, etc.
Based on the application, the market can be separated into Commercial, Industrial and Residential in which the commercial segment led the Indonesia UPS market with a market share of 53.22% in 2020 with a significant development during the forecast period. This expansion is due to easy implementation of power storage systems, which are cheap and reliable and work for longer period.
Based on the rating, the market can be diverged into Less than 5kVA, 5.1kVA-50kVA, 50.1kVA-200kVA, 200.1kVA-500kVA, 500.1kVA-800kVA and Above 800 kVA. The 5.1kVA-50kVA rating segment led the Indonesia UPS market with a market share of 32.78% in 2020 with a substantial increase during the forecasted period. This progress is due to rising demand for UPS in this range from hotel industry with growing need for ensuring a reliable and secure hotel information system, efficient power conditioning and proper functioning of hotel businesses.
ABB Ltd., General Electric Company, Schneider Electric SE, Eaton Corporation plc, Legrand SA, Vertiv Group Corp., Fuji Electric Co., Ltd., Huawei Technologies Co., Ltd., Tripp Lite, Riello Elettronica SpA and others are some of the leading players operating in Indonesia UPS Market. The companies operating in the market are focusing on high power storage, in-house manufacturing and expansion of their commercial resources to increase their shares in the market. Almost all the major UPS players fare extremely well as far as customer satisfaction level with respect to the availability and after sales support is concerned.
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“Indonesia UPS Market is anticipated to grow at a rapid pace during the forecast period because of the increasing awareness towards achieving energy efficiency and reducing huge productivity losses resulting from the power outages in coming years. Moreover, the market will see swift growth due to the increasing power deficit and unforeseen power cuts which can damage electric equipment across the country to avoid any power interruptions. The healthcare sector is also adopting new and highly digitalized medical equipment, which require continuous power supply which is expected to further boost the Indonesia UPS market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Indonesia UPS Market By Type (Online and Offline), By Application (Commercial, Industrial and Residential), By Rating (5.1kVA-50kVA, Less than 5KVA, 50.1kVA-200kVA, 200.1kVA – 500kVA, Above 800kVA, and 500.1kVA – 800kVA), By Region, Competition, Forecast & Opportunities 2016-2026” has evaluated the future growth potential of Indonesia UPS Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indonesia UPS Market.
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