Thailand UPS System Market (2024-2030) | Share, Industry, Size, Growth, Revenue, Forecast, Value & COVID-19 IMPACT

Thailand UPS System Market Synopsis

Thailand UPS System Market is expected to grow in the years ahead on account of upcoming data centers coupled with government initiative such exemption of Corporate Income Tax (CIT). The UPS market in Thailand is anticipated to boost in the coming years owing to a projected pipeline of office space. Uninterruptible Power Supply (UPS) system is a crucial equipment device to provide power backup support in different applications. However, the initial cost of the UPS System varies according to the design and usage requirement of the equipment. Users are looking forward to preventing any redundancy in designs by opting for cheaper alternatives to provide backup. The users are opting for alternatives such as buffer modules as they do not require batteries and use capacitors. Moreover, the buffer modules require less maintenance, are more cost effective and are comparatively cheaper than the UPS systems and buffer modules also have quick response time.

According to 6Wresearch, the Thailand Uninterruptible Power Supply (UPS) System Market revenue is projected to grow at a CAGR of 8.0% from 2022-2028. The establishment of upcoming data centers by Amazon Web Services (AWS) and Telehouse is expected to drive the market. Thailand Uninterruptible Power Supply (UPS) system market saw significant growth in the period before COVID-19 on account of commercialization, industrialization, and the rising medical sector. Commercial projects such as Singha Complex Tower 1, MS Siam Tower, Krungsri Ploenchit Tower boosted the Uninterruptible Power Supply (UPS) System market in Thailand. However, the outbreak of the pandemic, the Uninterruptible Power Supply (UPS) system market in Thailand declined as economic activities halted and the IT industry also faced contraction. Moreover, the supply chain got hampered as various countries-imposed import and export restrictions leading to a decline in new installation of UPS.

Market By kVA Ratings

The 50.1-200 KVA Uninterruptible Power Supply (UPS) System market garnered the maximum revenue share and the same trend is expected to follow in the years ahead on the back of upcoming data centers in Bangkok.  Moreover, 20.1-50 KVA Uninterruptible Power Supply (UPS) System is also expected to witness decent growth on account of its wide application in the commercial segment.

Market by Applications

Commercial segment acquired the maximum revenue share in Thailand Uninterruptible Power Supply (UPS) System Market on account of the construction of various office and hotel projects such as O-NES Tower, Hyatt Regency Koh Samui, and the Standard Hua Hin.

Market by Regions

The Central region garnered the maximum revenue share in Thailand UPS System market in 2021 and the same trend is expected to follow in the years ahead on account of upcoming data centers in Bangkok by Telehouse and Amazon Web Services (AWS). Moreover, the construction of Medical Complex Ramintra would also drive the Uninterruptible Power Supply (UPS) System market in Thailand.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2022
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Thailand UPS System Market Overview
• Thailand UPS System Market Outlook
• Thailand UPS System Market Forecast
•  Historical Data of Global Uninterruptible Power Supply (UPS) Systems Market for The Period 2018-2021
•  Market Size & Forecast of Global Uninterruptible Power Supply (UPS) Systems Market Until 2028
•  Historic Data of Thailand UPS System Market Revenues and Volume, 2018-2021
•  Thailand UPS System Market Size & Thailand UPS System Market Forecast, Until 2028
•  Historic Data of Thailand UPS System Systems Market for Up to 1 kVA for Revenues & Volume, during 2018-2021
•  Market Size & Forecast of Thailand Up to 1 kVA UPS Systems Market Revenues & Volume Until 2028
•  Historic Data of Thailand 1.1 kVA - 5 kVA UPS Systems Market Revenues & Volume, 2018-2021
•  Market Size & Forecast of Thailand 1.1 kVA - 5 kVA UPS Systems Market Revenues & Volume Until 2028
•  Historic Data of Thailand 5.1 kVA - 20 kVA UPS Systems Market Revenues & Volume, 2018-2021
•  Market Size & Forecast of Thailand 5.1 kVA - 20 kVA UPS Systems Market Revenues & Volume Until 2028
•  Historic Data of Thailand 20.1 kVA - 50 kVA UPS Systems Market Revenues & Volume, 2018-2021
•  Market Size & Forecast of Thailand 20.1 kVA - 50 kVA UPS Systems Market Revenues & Volume Until 2028
•  Historic Data of Thailand UPS System Systems Market for up to 50.1 kVA - 200 kVA for Revenues & Volume, during 2018-2021
•  Market Size & Forecast of Thailand 50.1 kVA - 200 kVA UPS Systems Market Revenues & Volume Until 2028
•  Historic Data of Thailand UPS System Market Revenues & Volume for Above 200 kVA, during 2018-2021
•  Market Size & Forecast of Thailand 200 kVA & Above UPS Systems Market Revenues & Volume until 2028
•  Historical data and Forecast of Thailand Uninterruptible Power Supply (UPS) Systems Market, By Applications, 2018-2021
•  Historical data and Forecast of Thailand Uninterruptible Power Supply (UPS) Systems Market, By Regions, 2018-2028
•  Market Drivers and Restraints
•  Thailand UPS System Market Trends and Opportunities
•  Thailand UPS System Market Overview on Competitive Landscape
•  Thailand UPS System Market Ranking, By Players
•  Company Profiles
•  Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By kVA Ratings

• Up to 1kVA
• 1.1-5kVA
• 5.1-20kVA
• 20.1-50kVA
• 50.1-200kVA
• Above 200kVA

By Applications

• Residential
• Commercial
• Industrial

By Regions

• Northern
• Central
• Southern

Thailand UPS Systems market report thoroughly covers the Uninterruptible Power Supply (UPS) Systems market by KVA ratings, applications, and regions. The Thailand UPS market outlook report provides an unbiased and detailed analysis of the Thailand UPS market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand UPS Systems market Synopsis

Thailand UPS Systems market is expected to gain momentum during the upcoming years on the back of Technological advancements across all the segments such as industrial, commercial, and residential sectors and a surge in the Information Technology industry. Additionally, growing investment in the hospitality and healthcare sectors and the government's efforts to strengthen the country's economy by investing heavily in the manufacturing sector, particularly for electronics and automobiles would drive the market of UPS systems in forthcoming years.

Growing disposable income coupled with increasing urbanization is driving the demand for UPS Systems. Additionally, the growing population backed by rising demand for regular and uninterruptible power supply is adding to the Thailand UPS Systems Market Growth. Major investment in IT infrastructure and the growing need for power backup in order to avoid the risk of power failure triggers the potential growth of the market.

According to 6Wresearch, Thailand UPS Systems market size is projected to grow at a CAGR of 5.7% during 2018-2024. Growing IT infrastructure and the need for power backup solutions would spur the market for UPS systems in Thailand. Expected growth in the country's commercial and industrial sectors on account of significant emphasis on the manufacturing and healthcare industries would drive the demand for UPS systems during the forecast period. Thailand has recently introduced the ICT Policy Framework 2020, which aims at a number of development strategies and goals, which include universal broadband, a competent ICT workforce, a competitive ICT industry, digital government, etc., which would fuel the market for UPS systems in the country.

Market Analysis by region

The central region captured the highest Thailand UPS Systems market share on account of the development of the commercial and industrial sectors owing to the Thailand 4.0 development plan and other initiatives such as the Thailand Manufacturing Logistics Master Plan 2017-2020. The government is also aiming to increase foreign investment in the coming years which would enhance the growth of the infrastructural footprint in the region. On account of several upcoming social infrastructure projects such as Magnolias Waterfront Residences Tower 1, Bangkok Mall and Grand Rama Tower market for UPS systems would increase during the forecast period.

Key Highlights of the Report:

• Thailand UPS Market Overview
• Thailand UPS Market Outlook
• Thailand UPS Market Forecast
• Historical Data of Global Uninterruptible Power Supply (UPS) Systems Market for The Period 2014-2017
• Market Size & Forecast of Global Uninterruptible Power Supply (UPS) Systems Market Until 2024
• Historic Data of Thailand UPS Market Revenues and Volume, 2014-2017
• Thailand UPS Market Size & Thailand UPS Market Forecast, Until 2024
• Historic Data of Thailand UPS Systems Market for Up to 1 kVA for Revenues & Volume, during 2014-2017
• Market Size & Forecast of Thailand Up to 1 kVA UPS Systems Market Revenues & Volume Until 2024
• Historic Data of Thailand 1.1 kVA - 5 kVA UPS Systems Market Revenues & Volume, 2014-2017
• Market Size & Forecast of Thailand 1.1 kVA - 5 kVA UPS Systems Market Revenues & Volume Until 2024
• Historic Data of Thailand 5.1 kVA - 20 kVA UPS Systems Market Revenues & Volume, 2014-2017
• Market Size & Forecast of Thailand 5.1 kVA - 20 kVA UPS Systems Market Revenues & Volume Until 2024
• Historic Data of Thailand 20.1 kVA - 50 kVA UPS Systems Market Revenues & Volume, 2014-2017
• Market Size & Forecast of Thailand 20.1 kVA - 50 kVA UPS Systems Market Revenues & Volume Until 2024
• Historic Data of Thailand UPS Systems Market for up to 50.1 kVA - 200 kVA for Revenues & Volume, during 2014-2017
• Market Size & Forecast of Thailand 50.1 kVA - 200 kVA UPS Systems Market Revenues & Volume Until 2024
• Historic Data of Thailand UPS Market Revenues & Volume for Above 200 kVA, during 2014-2017
• Market Size & Forecast of Thailand 200 kVA & Above UPS Systems Market Revenues & Volume until 2024
• Historical data and Forecast of Thailand Uninterruptible Power Supply (UPS) Systems Market, By Applications, 2014-2024
• Historical data and Forecast of Thailand Uninterruptible Power Supply (UPS) Systems Market, By Regions, 2014-2024
• Market Drivers and Restraints
• Thailand UPS Market Trends and Opportunities
• Thailand UPS Market Overview on Competitive Landscape
• Thailand UPS Market Share, By Players
• Company Profiles
• Strategic Recommendations

Markets Covered

The Thailand UPS market report provides a detailed analysis of the following market segments:

By KVA Ratings

• Up to 1 KVA
• 1.1-5 KVA
• 5.1-20 KVA
• 20.1-50 KVA
• 50.1-200 KVA
• Above 200 KVA

By Applications

• Residential
• Industrial
• Commercial (Offices, healthcare, BFSI, hospitality, education, Data Center & Others)

By Regions

• Northern
• North Eastern
• Central
• Southern

Frequently Asked Questions About the Market Study: FAQs

1). Which region captured the highest share in Thailand UPS Systems Market?

The central region captured the highest Thailand UPS Systems market share.

2). What is the study period of the report?

The study period of the report is 2018-2024.

3). How much growth is expected in Thailand UPS Systems Market during 2018-2024?

Thailand UPS Systems market size is projected to grow at a CAGR of 5.7% during 2018-24.

4). What is the factor behind the Thailand UPS Systems Market Growth?

Thailand UPS Systems market is expected to gain momentum during the upcoming years on the back of Technological advancements across all the segments such as industrial, commercial, and residential sectors and a surge in the Information Technology industry.