Posted On: 2021-08-05
1.1-5 kVA UPS systems acquired the largest revenue share in the UPS systems market of Australia in recent years – 6Wresearch.
UPS systems market witnessed a modest growth during the period 2017-2020 owing to development in information technology sector. Increasing number of data centres and colocation are the major drivers for UPS systems market in Australia. Increasing application of UPS systems in government services, data centers, healthcare and education are further going to contribute to the growing demand for UPS systems in Australia. However, the outbreak of COVID-19 pandemic led to a halt in the business operations, manufacturing activities and the stringent lockdown imposed in Australia decreased the overall output of the country. The falling demand from commercial and manufacturing sectors have hampered the growth of UPS market in IT/ ICT, and BFSI sector. Nevertheless, the commercial sector is expected to witness a fast recovery in the coming years owing to government support towards growth and strengthening of healthcare system as well as data centres, which would put UPS systems market back to growth trajectory.
According to 6Wresearch, the Australia UPS Systems Market size is projected to grow at a CAGR of 5.8% during 2021-2027. Rising investment in the IT sector along with development of cloud computing and data centers augmented the market for UPS systems in 2020. Increasing spending by the government in infrastructure and industrial projects such as New South Wales Housing Project, Sydney Metro, Western Sydney Airport, Ammaroo Phosphate Project, Asian Renewable Energy Hub and Australia Vanadium Project would drive the growth of UPS systems market revenues in Australia.
According to Eshita Goel, Senior Research Analyst, 6Wresearch, "In terms kVA ratings, 1.1-5 kVA rating UPS systems had majority revenue share in 2020 and would continue to dominate the market during the forecast period owing to increasing application in household and small businesses for power back up of personal computer and other appliances. "
"3 Phase UPS systems garnered majority revenue size in Australia UPS systems market and would continue to dominate the market on account of its application in upcoming data centres such as DCI and Macquarie data center. Moreover, the 3 Phase UPS systems would witness greater demand in the coming years owing to Australia’s Digital Economy Strategy, 2030 which would focus on cybersecurity, digitisation of SME’s and non-profit organisations, and government services.” Eshita further added.
According to Ananya Consul, Research Associate, 6Wresearch, "The commercial sector captured the majority of market revenue share in 2020 and the segment is expected to dominate the overall market in the forecast period as well. The data centres, BFSI and healthcare sector are the key verticals generating major demand for UPS systems in commercial sector."
"Australia UPS systems market (2021-2027)" report provides an in-depth analysis with 22 figures and 8 tables, covered in 83 pages. The report estimates and forecasts the Australia UPS systems market by kVA ratings, phases, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing 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.