Posted On: 2018-11-29
Significant government investment for infrastructure development activities such as road, rail, water, ports, and airports as well as rising capital inflow in the commercial offices and hospitality sector have spurred the demand for UPS systems during the past few years. Further, surge in investment by state and federal governments in the IT projects, accompanied by business and consumers ICT sector spending driven by economic growth and technological progress would lead to the establishment of new data centers and technological hubs over the coming years which in turn would act as a catalyst for the growth of Australia UPS systems market during 2018-24.
According to 6Wresearch, Australia UPS Systems Market Revenues are Projected to Grow at a CAGR of 6.5% during 2018-24. Initiatives such as Tourism Plan 2020, Corporate Plan 2018-19 for regional development and Western Australia ICT Strategy 2016-20 to deliver efficient, reliable ICT services to support exceptional public and private services would be the key driving factors for UPS market. Australia's spending on public cloud services is expected to grow by 18.5% year-on-year in 2018, reaching $3.34 billion by the end of 2018, which in turn would also drive the demand for UPS systems in IT industry of Australia.
According to Ravi Bhandari, Research Manager, 6Wresearch, "The commercial sector application is the key revenue generating segment in the Australia UPS systems market attributed to rising demand for UPS systems in data centers, healthcare, and hospitality sector in the country. Furthermore, rising demand in commercial offices particularly led by Sydney and Melbourne offices market would also deliver the greatest profit prospects to UPS systems market over the next six years."
"20.1-50 kVA ratings of UPS systems contribute the highest market revenue share for the Australian UPS systems market followed by the 50.1-200 kVA rating UPS systems. 20.1-50 kVA UPS systems are mainly deployed in manufacturing, telecommunication and healthcare sectors to supply continuous power for smooth operation of the equipment," Ravi further added.
According to Vikrant Tomar, Research Associate, 6Wresearch "Demand for UPS systems is likely to remain high during the forecast period on the back of growing opportunities for the UPS systems with upcoming Australian Government's 10 Year Infrastructure Investment Plan, which mainly focuses on to improve the transportation sector of the country to allow Australian businesses to connect to domestic and global export markets."
"New South Wales accounts for the largest share of market revenues pie in the Australian UPS systems market on account of the state commitment to spend $58.2 billion on new economic infrastructure over the next four years," Vikrant concluded.
Some of the prominent companies in Australia UPS systems market include - Schneider Electric, Eaton, Vertiv Co., Socomec, Delta Energy Systems, and Tripp Lite.
"Australia UPS Systems Market (2018-2024)" provides in-depth analysis with 45 figures and 27 tables covered in more than 125 pages. The report estimates and forecast the overall Australia UPS Systems Market by kVA ratings, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.