New Zealand UPS Systems Market Overview
New Zealand UPS systems market experienced significant growth in the previous years owing to the rise in expanding digital infrastructure, with developing data centers in the country. The market continued to witness growth during 2022 as the demand for UPS systems rises in data centers, hospitality, and the healthcare industry. The covid-19 pandemic has not only presented challenges but also several opportunities for businesses in New Zealand to grow. The crisis has opened the gates for digitization in infrastructure, many of which include healthcare infrastructure, roads, tourism and manufacturing. Further, the pandemic has provided an impetus to the expansion of digital banking and finance in the country.
According to 6Wresearch, New Zealand UPS Systems Market size is projected to grow at a CAGR of 6.4% during 2022-2028. New Zealand UPS systems market is in the growing stage of industry life cycle as the UPS systems are rapidly witnessing growth in the country such that the Ministry of Health project Hira launched in 2021 would assist demand for UPS systems in the market. Also, increasing tourism, rapid digitisation is also contributing significantly to the market growth. The New Zealand UPS systems market is expected to drive positively during the forecast period due to rising number of data centers along with increasing technological advancments.
Market by kVA ratings
1.1-5 KVA rating UPS systems would be dominating the New Zealand UPS systems market share due to its wider applications in residential and commercial uses such as offices, educational institutions, SMEs, and so on. Furthermore, a significant increase in demand for UPS systems is likely to be seen over the projection period, owing to rising ATM penetration, a growing number of retail stores, and expansion of the country's commercial sector.
Key Highlights of the Report
- New Zealand UPS Systems Market Overview
- New Zealand UPS Systems Market Outlook
- New Zealand UPS Systems Market Forecast
- New Zealand UPS Systems Market Trends
- New Zealand UPS Systems Market Drivers and Restraints
- New Zealand UPS Systems Market Revenue Share, By Companies
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- Key Strategic Recommendations
- Historical Data and Forecast of New Zealand UPS Systems Market Revenues, By Phases, for the Period 2018-2028F
- Historical Data and Forecast of New Zealand UPS Systems Market Revenues, By Applications, for the Period 2018-2028F
- Historical Data and Forecast of New Zealand UPS Systems Market Revenues and Volume, for the Period 2018-2028F
- Historical Data and Forecast of New Zealand UPS Systems Market Revenues and Volume, By kVA Rating, for the Period 2018-2028F
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