DUBLIN–(BUSINESS WIRE)–The "Thailand
UPS Systems Market (2018-2024): Market Forecast by KVA Ratings, by
Applications, by Regions and Competitive Landscape" report has
been added to ResearchAndMarkets.com's offering.

Market is projected to grow at a CAGR of 5.7% during 2018-24.

Investment in the hospitality sector, growing medical tourism along with
the transformation of the country's economy by investing heavily in the
manufacturing sector particularly in electronics and automobile sectors
were the key drivers for the growth of UPS system market during the past
few years.

The ICT sector is driven by increasing demand in the financial services
sector along with the growth of software-as-a-service solutions, and
cloud services.

Growing IT infrastructure and need for a power back up 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 a number of development strategies and goals, which include
universal broadband, competent ICT workforce, competitive ICT industry,
and digital government, etc., would fuel the market for UPS systems in
the country.

Central region captures the majority of market revenue share and is
projected to witness the highest growth rate in coming years on account
of the development of the commercial and industrial sectors owing to
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.

Markets Covered

The 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
  Centre & Others.)

Companies Mentioned

• ABB Ltd.
• Delta Electronics (Thailand) Public Co., Ltd.
• Eaton Corporation Plc
• Fuji Electric (Thailand) Co., Ltd
• General Electric Company
• RIELLO UPS SINGAPORE Pte Ltd.
• Schneider Electric SE
• Socomec Group S.A
• Tripp Lite
• Vertiv Co.

For more information about this report visit https://www.researchandmarkets.com/research/q28pg7/thailand_ups?w=4

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Related
Topics: Electricity