DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia UPS Market (2017-2023): Forecast By Rating, Applications, Regions and Competitive Landscape" report has been added to Research and Markets' offering.
Saudi Arabia UPS market revenue is projected to grow at a CAGR of 4.0% during 2017-2023.
Saudi Arabia is one of the key countries in the Middle East UPS market. Growth in Saudi Arabia UPS market is buoyed by several factors such as rising number of SMEs, growing IT spending coupled with increasing acceptance among emerging number of data centers across the Kingdom.
Saudi Arabia is likely to ramp up its spending on data centers. As a matter of fact, the country's data center market has been growing tremendously over the past few years reaching over $220 million in 2016. Data center spending is poised to grow at a CAGR of 10.3% by 2019. Additionally, growing investment in commercial applications primarily in hospitality and BFSI is anticipated to drive sales of UPS systems in Saudi Arabia.
Amongst all types, UPS systems with rating less than 5KVA captured significant share of the market and is expected to maintain its market leadership over the forecast period as well. Commercial application was the key revenue generating application in Saudi Arabia UPS market. Commercial offices, BFSI and hospitality segments were the top performers in commercial application. These commercial segments are further anticipated to drive the sales of UPS systems in Saudi Arabia over the next six years.
The report provides detailed analysis of the following market segments:
- Less than 5 KVA
- 5.1 KVA - 20 KVA
- 20.1 KVA - 50 KVA
- 50.1 KVA - 200 KVA
- 200 KVA & Above
- ABB Ltd.
- Arabian Power Electronics Company
- Eaton Corporation Plc
- Schneider Electric SE
- SOCOMEC MIDDLE EAST
- Vertiv Co.
For more information about this report visit https://www.researchandmarkets.com/research/5jrpsp/saudi_arabia_ups