Vietnam UPS Systems market size is projected to grow at a CAGR of 6.7% during 2024-2030

The commercial sector in terms of application garnered the maximum revenue share in Vietnam UPS System Market – 6Wresearch

By Application, the Commercial sector acquired the highest revenue share in Vietnam's UPS system industry in 2023 owing to the rapid expansion of office complexes, retail centers, and hospitality developments across major cities. These commercial endeavours necessitated reliable UPS solutions to safeguard critical operations against power disruptions. Notable projects driving demand included Ho Chi Minh City's iconic Landmark 81 skyscraper, the massive Vincom Mega Mall Royal City retail complex, and the new JW Marriott Hanoi luxury hotel fueling the demand for UPS in the country.

According to 6Wresearch, Vietnam UPS Systems market size is projected to grow at a CAGR of 6.7% during 2024-2030. Data localization laws and rapid data growth in Vietnam drive data center expansion, with major hubs in Ho Chi Minh City and Hanoi. The National Data Center Project aligns with this trend, boosting UPS market growth by ensuring reliable power supply for data centers. Vietnam's push for digital transformation, aligning with Industry 4.0 principles, fuels IT adoption, driving demand for UPS systems. With the digital economy projected to reach $45 billion by 2025, the surge in high-tech investments in Ho Chi Minh City and beyond underscores the need for seamless system integration, further propelling the UPS market.

As Vietnam's urbanization is projected to hit 50% by 2040, the rise of smart cities becomes imperative. As urban areas adopt smart infrastructure, the demand for UPS systems grows to ensure uninterrupted operations, linking urbanization to the expansion of Vietnam's UPS market. Moreover, with household fiber optic coverage nearing 80%, surpassing the global average, Vietnam accelerates its IT adoption drive, aiming for inclusive digital transformation. This surge in digital connectivity amplifies the need for UPS systems, ensuring uninterrupted power supply amid heightened reliance on technology.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, 3 Phase UPS system dominates the Vietnam market due to its expansive power capacity especially in the high-powered and high-capacity range, makes them well-suited for a diverse array of applications, ranging from small businesses to large enterprises.

Vietnam UPS Systems Market (2024-2030) report provides an in-depth analysis with 20 figures and 6 tables, covered in 72 pages. The report comprehensively covers the market by kVA Rating, Phases and applications. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.

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