Market Forecast By KVA Ratings (Up To 1 KVA, 1.1-5 KVA, 5.1-20 KVA, 20.1-50 KVA, 50.1-200 KVA And Above 200 KVA), By Phase (1 Phase, 3 Phase), By Applications (Residential, Industrial And Commercial), By Regions (Northern Region, Southern Region, Central Region) And Competitive Landscape
According to 6Wresearch, New Zealand UPS Market size is projected to grow at CAGR of 6.1% during 2021-27. The growth can be attributed to rising investment in the IT, cloud computing, data center and the manufacturing industry with the aim of making New Zealand a favoured destination for foreign investments. Global Tech giants like Microsoft, Meridian Energy and Datagrid New Zealand are in the process of setting up manufacturing plants of UPS in New Zealand. The Cloud Act, Climate Change Response (Zero carbon) Amendment Act, would focus on increasing the share of renewable energy sources to generate electricity and thus it would in-turn increase the demand for UPS in the country. Further, the increasing investment for technological advancement of sectors such as healthcare, banking & finance, would strengthen the ICT sector which would drive the demand for UPS even further.
New Zealand UPS systems market is projected to grow considerably owing to significant increase in the data centers across the country. Major alliances of private firms and government to set up data centers in parts of New Zealand are in progress. One such project is with Microsoft Corporation that is estimated be around $100 million. This would be one of the biggest cloud computing data center in New Zealand which would deploy UPS systems, augmenting the growth of market.
For Latest Press Release : https://www.6wresearch.com/press-release/new-zealand-ups-systems-market-size-is-projected-to-grow-at-a-cagr-of-61-during-2021-2027
Market Analysis by KVA Ratings
In terms of KVA Ratings, the segments 1.1 KVA-5 KVA, 5.1 KVA-20 KVA and 20.1 KVA to 50 KVA cumulatively have captured 60% of the market revenues in 2020, with 1.1 KVA-5 KVA leading the market.
Key Highlights of the Report
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