Thailand Uninterruptible Power Supply (UPS) system market has seen significant growth in recent years on account of commercialization, industrialization and the rising medical sector. Commercial projects such as Singha Complex Tower 1, MS Siam Tower, Krungsri Ploenchit Tower boosted the Uninterruptible Power Supply (UPS) System market in Thailand. Moreover, the increasing adoption of digital technologies across various industries is driven by initiatives such as Thailand 4.0 and smart city projects. The surge in investments totalling $2.88 billion in high-tech industrial zones across Chonburi, Chachoengsao, and Rayong in 2022, with a focus on cutting-edge technologies such as Industry 4.0 and preparations for 5G infrastructure in the telecom sector, has significantly boosted the demand for UPS system.
According to the research, Thailand Uninterruptible Power Supply (UPS) System Market revenue is projected to grow at a CAGR of 6.2% from 2024-2030F. The establishment of upcoming data centers by Amazon Web Services (AWS), Telehouse and government initiatives to set up the National 5G committee targeting a 73% adoption rate of 5G technology by 2027 which is expected to drive the market. Additionally, the Thai government is actively promoting industrial development and infrastructure projects within the Eastern Economic Corridor (EEC), with aims to attract $55 billion in combined public and private investments and the construction of a US $144 million international medical hub in Phuket would further augment the market for a UPS System in Thailand.
Market Segmentation by kVA Rating
The 50.1-200 KVA Uninterruptible Power Supply (UPS) System market has captured the largest share of revenue, and this trend is anticipated to persist in the future, driven by the emergence of new data centers in Bangkok. Additionally, there is expected to be substantial growth in the 20.1-50 KVA Uninterruptible Power Supply (UPS) System segment, attributed to its extensive usage across various commercial applications and smart city expansion.
Market Segmentation by Phases
3 Phase gathered the maximum revenue share in the Thailand Uninterruptible Power Supply (UPS) System Industry in 2023 and is anticipated to grow at a fast pace in the forecasted period with upcoming office buildings, data centers, hospital projects demand 3 phase UPS system as they require continuous power supply,
Market Segmentation by Applications
The commercial segment emerged as the leading revenue generator in the Thailand Uninterruptible Power Supply (UPS) System Market. This was primarily due to the construction boom witnessed in numerous office and hotel projects across the country, including notable developments like O-NES Tower, Hyatt Regency Koh Samui, and The Standard Hua Hin. These projects contributed significantly to the demand for UPS systems as they sought to ensure uninterrupted power supply for their operations.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Thailand Uninterruptible Power Supply (UPS) System Market Overview
- Thailand Uninterruptible Power Supply (UPS) System Market Outlook
- Thailand Uninterruptible Power Supply (UPS) System Market Forecast
- Historical Data and Forecast of Thailand Uninterruptible Power Supply (UPS) System Market Revenues and Volume, for the Period 2020-2030F
- Historical Data and Forecast of Thailand Uninterruptible Power Supply (UPS) System Market Revenues and Volume, By kVA Rating, for the Period 2020-2030F
- Historical Data and Forecast of Thailand Uninterruptible Power Supply (UPS) System Market Revenues, By Phases, for the Period 2020-2030F
- Historical Data and Forecast of Thailand Uninterruptible Power Supply (UPS) System Market Revenues, By Applications, for the Period 2020-2030F
- Market Drivers and Restraints
- Thailand Uninterruptible Power Supply (UPS) System Market Trends
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- Thailand Uninterruptible Power Supply (UPS) System Market Revenue Share, By Companies, 2023
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By kVA Rating
- Up to 1kVA
- 1.1- 5kVA
- 5.1- 20kVA
- 20.1- 50kVA
- 50.1- 200kVA
- Above 200kVA
By Phases
- 1 Phase
- 3 Phase
By Applications
- Residential
- Industrial
- Commercial
Table of Contents
1. Executive Summary
Companies Mentioned
- Eaton Corporation PLC
- Emerson Electric Co.
- Schneider Electric SE
- ABB Ltd.
- Socomec Group S.A.
- Delta Electronics (Thailand) Public Co. Ltd.
- Vertiv Group Corp.
- Hitachi Asia (Thailand) Company Limited
- Fuji Electric (Thailand) Co., Ltd.
- Riello S.P.A
