Schneider Electric to Lead Indonesia UPS market through 2023
Growing digitalization, rapidly expanding Information and
Communication Technology industry along with increasing number of
infrastructure projects to drive Indonesia UPS market
through 2023.
According to TechSci Research
report, “Indonesia
UPS Market By
Type, By Application, By Rating, Competition Forecast & Opportunities, 2013-2023”, Indonesia UPS market is projected
to surpass $ 286 million by 2023, on account of rising population, growing e-commerce
and rapid expansion of Information and Communication Technology (ICT) industry
stemming from the shift towards cloud-based computing. Moreover, rising per
capita income of the Indonesian population and upcoming infrastructural
projects in the country are further propelling demand for UPS across the
country. The role of the government of Indonesia in promoting multi-billion-dollar
projects in the country is also expected to have a positive impact on the UPS
market in Indonesia over the course of next five years. UPS finds application in various areas
depending upon power back-up requirements and the state of the electricity in
Indonesia is one of the major reasons boosting UPS demand in the country.
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On the basis of
type, Indonesia UPS market is segmented into online and offline. Online UPS segment
dominated the market in 2017 and is likely to continue dominating during
forecast period as well. Among applications, a large demand for UPS has been
witnessed from the commercial sector, followed by the country’s industrial
sector. The dominance of commercial sector can be attributed to rising
investments by the government as well as private companies in the commercial
sector of the country. Java is the major demand generating region for UPS systems
in Indonesia, owing to most of the Indonesian population residing in the region
and rapid growth in Information and Communication Technology sector across the
region.
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Schneider Electric (SE) is the market leader in Indonesia UPS
market, followed by Legrand,
Eaton Corporation Plc., and Vertiv, among others. “Increasing demand for power
back-up solutions at homes, offices and industrial units coupled with
government and private investments in the infrastructure projects is driving UPS
demand in Indonesia. Moreover, factors such as technological advancements,
rising demand for low-cost and high efficiency UPS systems, and shift in consumer
interest towards cloud-based computing, would further steer growth in Indonesia
UPS market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Indonesia UPS
Market By Type, By Application, By Rating, Competition Forecast &
Opportunities, 2013-2023” has evaluated the future
growth potential of Indonesia UPS market and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities present in the Indonesia UPS market.
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