The government of Indonesia is taking initiatives for the digital transformation of several major economic sectors and for the development Indonesia's ICT sector. These initiatives would increase the demand for UPS systems over the coming years. Further, with an increasing number of data centers and growing investment in the hospitality and healthcare sectors, the market for UPS systems is anticipated to increase.
According to 6Wresearch, Indonesia Uninterruptible Power Supply (UPS) Systems market revenues are projected to grow at a CAGR of 4.6% during 2018-24. Projects such as New Jakarta Airport, Kertajati International Airport, Lippo Thamrin Office Tower and Menara Jakarta Office Tower would increase the demand for Uninterruptible Power Supply (UPS) systems in the country. Moreover, government initiatives such as 1,000 digital startups by 2020, 100 smart cities by 2020 and Industry 4.0 would boost the demand for Uninterruptible Power Supply (UPS) Systems through the forecast period.
According to Shefali Goel, Assistant Manager, Research and Consulting, 6Wresearch, "Commercial application is the key revenue contributing segment in Indonesia Uninterruptible Power Supply (UPS) Systems market on account of high utilization of Uninterruptible Power Supply (UPS) Systems in data centers, hotels, and BFSI sector across the country.
"Other major consumers include industrial and residential application, whose market is expected to spur on account of infrastructure development in the country," Shefali further added.
According to Akash Sharma, Research Associate, Research and Consulting, 6Wresearch, By KVA ratings, 20.1-50 KVA captured the highest revenue share and is likely to maintain its dominance during the forecast period on account of its high consumption in the commercial and industrial applications. Additionally, 5.1-20 KVA captured the second highest market revenue share in 2017.
"With continued efforts by new administration to boost economic activity in the country as well as robust growth in the ICT sector, the demand for 20.1-50 KVA Uninterruptible Power Supply (UPS) systems would grow in the near future," Akash further added.
Some of the major companies in Indonesia Uninterruptible Power Supply (UPS) Systems market include Schneider (APC), Eaton, ABB, Socomec, Vertiv, and Riello.
"Indonesia Uninterruptible Power Supply (UPS) Systems Market 2018-2024" provides an in-depth analysis with 50 figures and 19 tables covered in 130 pages. The report estimates and forecast the overall Indonesia Uninterruptible Power Supply (UPS) Systems market by revenues, volume, KVA ratings, regions, and applications such as commercial, industrial, and residential. The report also offers insights on the competitive landscape, company profiles, market drivers and restraints.