Posted On: 2021-08-16
Commercial sector acquired the largest revenue share in New Zealand UPS systems market - 6Wresearch.
New Zealand UPS systems market is projected to grow considerably owing to significant increase in the data centers across the country. Major alliances of private firms and government to set up data centers in parts of New Zealand are in progress. One such project is with Microsoft Corporation that is estimated be around $100 million. This would be one of the biggest cloud computing data center in New Zealand which would deploy UPS systems, augmenting the growth of market. However, a downward trend in the market revenues was reflected during the year 2020 due to COVID-19 outbreak across the globe. The sudden halt to the economic activities like production, supply chain, distribution, trade relations, hospitality were affected drastically, which resulted in operation cessation in many sectors like construction, information and technology sector, hospitality sector due to closure of international and national travel and thus, the New Zealand UPS systems market revenues declined during the pandemic.
According to 6Wresearch, New Zealand UPS Systems Market size is projected to grow at a CAGR of 6.1% during 2021-2027. In the upcoming years, the trend of digitalization coupled with rising spending on ICT sector and the rapid flow of internet services in the country would lead to increase in the number of internet servers and internet users in the country. Further, as travel and immigration restrictions eases, the hospitality sector would also be back on past trends. All these aspects would result in growth in demand for UPS systems during the forecast period.
According to Ojasv Singhal, Research Associate, Research and Consulting, 6Wresearch, “Commercial sector garnered the majority of market revenue share during the year 2020 and is expected to dominate the market over coming years as well owing to need in demand for such services to get economic activities back on track. Further, alliance of and private players to set up data centers across the country would further give a tremendous boost to the usage of UPS systems in commercial sector.”
According to Aviral Khare, Research Associate, Research and Consulting, 6Wresearch, “Northern region of New Zealand would generate the highest revenue share owing to rising demand from IT hubs in the region. The increase in number of startups and data centers in the capital city of Wellington would result in economic growth of the region and an ecosystem of business mainly in information and communication technology would develop, thereby increasing the demand for UPS systems.”
“New Zealand UPS Systems Market (2021-2027)” provides an in-depth analysis with 23 figures and 9 tables covered in 89 pages. New Zealand UPS systems market report comprehensively covers the market by kVA ratings, phases, applications and regions. New Zealand UPS systems market outlook report provides an unbiased and detailed analysis of the New Zealand UPS systems market 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.