Posted On: 2018-11-05
The demand for UPS systems in Malaysia has witnessed substantial growth in the past few years on the back of growing need to control power fluctuations and provide back-up in case of power cut offs during critical operations. Further, surging construction and manufacturing activities along with growing number of data centers, commercial offices and hotels are expected to boost the market for UPS systems in Malaysia over the next six years.
According to 6Wresearch, Malaysia UPS Systems Market Revenues are projected to grow at a CAGR of 8.4% during 2018-24. "Ongoing government initiatives such as Economic Transformation Program 2020, Vision 2020 and the 11th Malaysia Plan would drive the infrastructure development in the country, thereby increasing the demand for UPS systems over the coming years.
According to Shefali Goel, Assistant Manager, Research and Consulting, 6Wresearch, "Within KVA ratings, above 200 kVA rating segment registered highest CAGR during 2014-17 and is expected to hold highest revenue share during the forecast period due to substantial investment being made by the Malaysian government for the development of several large scale commercial and industrial projects.
Additionally, among all the applications, the commercial sector seized the largest slice in Malaysia's UPS systems market pie. UPS systems are very popular amongst data centers, small offices and healthcare facilities in the country, where these are utilized as prime source of power backup," Shefali Concluded.
According to Gurbani Kaur, Research Associate, Research and Consulting, 6Wresearch, "In 2017, the Peninsular region registered the highest growth in Malaysia UPS systems market. Massive power failures and blackout problem along with growth in industrialization activities in the region are expected to positively affect the demand for UPS systems through the forecast period.
"Further, rising investor confidence and growing focus on the tourism sector in the country, under the Visit Malaysia 2020 Plan UPS systems market of Malaysia would be registering growth over the next six years," Gurbani concluded.
Some of the key players in Malaysia UPS Systems market include- Eaton Corporation Plc, Schneider Electric SE, Vertiv Co, General Electric Company, Delta Electronics Inc., ABB Ltd., Tripp Lite, Riello Elettronica S.p.A. and Socomec Group S.A.
"Malaysia UPS Systems Market (2018-2024)" provides an in-depth analysis with 38 figures and 26 tables covered in more than 117 pages. The report estimates and forecast the overall Malaysia UPS Systems market by revenues, volume, KVA ratings, applications and regions. The report provides an unbiased and detailed analysis of the on-going 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."