Posted On: 1970-01-01
3-Phase UPS is expected to hold the largest market share in revenue terms during the forecast period – 6W research.
Saudi Arabia UPS market has declined on account of low crude oil prices over the past few years as the fall in the prices of crude oil has led to several large-scale construction projects being halted or cancelled as a result of reduced government expenditure, thereby affecting the demand for UPS negatively. However, growing investments in the network and desktop outsourcing vertical, along with growing construction of new hospitals and hotels in the region would spur the demand for 1 phase UPS system in the coming years.
According to 6Wresearch, Saudi Arabia uninterrupted power supply market size is projected to grow at a CAGR of 3.0% during 2020-26. In Saudi Arabia, 1.1 – 5 kVA UPS accounted for majority of the revenue share in 2019 and would continue to maintain its dominance during the forecast period on account of increasing penetration of ATMs, rising number of modern retail outlets where these low voltage UPS are mostly deployed. The overall development of the IT infrastructure of the country would spur the deployment of UPS in the country.
According to Prithu Chawla, Senior Research Analyst, 6Wresearch, “3 phase UPS segment is the major contributor in the UPS market revenues in Saudi Arabia and are generally used for high power requirement such as in industrial and commercial domain as continuous and uninterrupted power supply is needed in these sectors.”
“Various initiatives such as Saudi Vision 2030 and the National Transformation Plan 2020 were introduced to strengthen country’s non-oil based sectors. Under these plans, the country is expected to witness various commercial, industrial and power infrastructure projects which would increase the scope of UPS in the Saudi Arabian market during the forecast period.” Prithu further added.
According to Siddharth Saxena, Research Associate, 6Wresearch, “The growing commercial sector of Saudi Arabia is expected to significantly benefit the lower rating UPS systems segment in the coming years. The growing use of modular UPS systems would also benefit lower rating UPS as assemblies of such systems would be used instead of a single high rated UPS.”
“Saudi Arabia uninterrupted power supply (UPS) market (2020-2026)" provides an in-depth analysis with 35 figures, covered in 70 pages. The report estimates and forecasts the overall Saudi Arabia uninterrupted power supply (UPS) market by kVA Rating and by phases. 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 devise and align their market strategies according to the current and future market dynamics.