Posted On: 2020-09-11
5.1 – 20 kVA are expected to hold the largest revenue share in Middle East and Africa uninterruptible power supply (UPS) systems market during the forecast period- 6Wresearch
Middle East and Africa uninterruptible power supply (UPS) systems market would be driven by factors such as the implementation of digital transformation strategies, rising number of smart factories, cities, and industrial establishments that would increase the ICT and IT market spending in countries such as Saudi Arabia, UAE, Qatar, South Africa, Egypt, Kenya. Additionally, a surge in the number of new power plants as a result of increasing government focus on increasing the share of renewable power in countries such as Saudi Arabia, UAE, and Egypt would generate additional demand for higher power rating UPS products in the industrial domain during the forecast period. However, the market size is anticipated to witness a downturn during the year 2020 on account of falling demand due to the complete lockdown policies followed by several countries across the region in order to restrict the spread of the pandemic COVID-19.
According to 6Wresearch, the Middle East And Africa (MEA) Uninterruptible Power Supply Systems Market size is projected to grow at a CAGR of 6.4% during 2020-2026.
Presently, Saudi Arabia acquires the highest share in revenues and volume terms on account of developing commercial and industrial sectors in order to keep align with the developmental plans that are included in the country’s Saudi Vision2030. Furthermore, the aforementioned domains are the biggest consumers of mid and large size UPS systems. However, in the coming years, countries such as Qatar would witness significant growth owing to a boost in the construction segment due to the upcoming FIFA world cup 2022 and long-term development plan in public infrastructural facilities namely Qatar National Vision 2030. Further, the planned and ongoing construction projects of approximately $80 billion in the industrial sector of Nigeria is likely to create a huge potential for the application of UPS systems in the country over the coming years.
According to Apoorva Sawhney, Research Analyst, 6Wresearch, “Based on phases, 3-phase UPS systems segment holds largest revenue share in the overall Middle East and Africa region on account of its several technical advantages such as higher load sharing capacities. Furthermore, with an increasing number of storage systems and data centers in the region due to the growing adoption of cloud computing, artificial intelligence & IoT across various industries, the demand for 3-phase UPS units is anticipated to increase in the future.”
According to Alpana Tyagi, Research Analyst, 6Wresearch, “Based on kVA rating, 1.1- 5kVA rating acquired the highest revenue share in the overall Middle East and Africa region owing to their heavy deployment in the commercial sector such as hospital ICU wards, ATM machines, supermarkets, hypermarkets, office network servers, mainframe computers to provide seamless power backup during the short power cuts.”
“However, 20.1 - 50kVA rating segment is anticipated to grow at a healthier rate in the region over the coming years on accounts of its application in providing protection to departmental networks, data centers, large server rooms, and critical hospital equipment during long power outages,” Alpana concluded.
Some of the major companies in the Middle East and Africa Uninterruptible Power Supply (UPS) Systems Market include Eaton Corporation Plc, Emerson Electric Co, Schneider Electric SE, ABB Ltd., etc.
“Middle East and Africa Uninterruptible Power Supply (UPS) Systems Market (2020-2026) report provide in-depth analysis with more than 225 figures and 167 tables covered in more than 370 pages.” The report estimates and forecast the overall Middle East and Africa Uninterruptible Power Supply (UPS) Systems Market by revenues, k VA rating, application, phases, and countries. 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.