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Vietnam UPS Market by Type (Online, Offline, Line Interactive), By Rating (Less than 5kVA, 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, Others), By Sector (BFSI, OEM (Manufacturing), Oil & Gas, Power, Healthcare, IT, Housing, Others), By Application (Commercial, Residential, Government, Industrial), By Region, Competition, Forecast & Opportunities, 2028F
Market Report (3 business days) I 2023-09-05 I 70 Pages I TechSci Research
Vietnam UPS (Uninterruptible Power Supply) Market is anticipated to register a steady CAGR during the forecast period of 2024-2028. An uninterruptible power supply (UPS) is a component that enables a computer to continue operating for at least a brief period when the power supply is interrupted. Utility electricity maintains and replenishes the energy storage if it is in use. The longer electricity can be sustained, the more energy can be stored.
A UPS is intended to safeguard electrical equipment such as computers, data centers, telecommunications systems, and other devices where an unanticipated power outage might result in harm, death, or data loss. A typical UPS may supply a 15-20-minute power backup once charged and connected to the device until it runs out entirely. Moreover, it aids in preventing internal hardware damage in the event of unequal power current changes.
The number of data centres in Vietnam is growing, remote work or work from home (WFH) is getting more popular, the manufacturing industry is developing, and there is a growing need for Uninterruptible Power Supply (UPS) systems in the residential and commercial sectors. Data centers are becoming increasingly common, which is driving market growth due to increased urbanization and infrastructure development. Furthermore, the growing healthcare and tourism industries are increasing Vietnam UPS Market Revenue.
Power Outage in the Country
Due to the frequent power outages in the area, the UPS market is booming. Despite several government endeavours, developing countries have not yet achieved their goal of becoming nations with an abundance of energy. As a result, UPS systems continue to be essential in the region. Sales of electrical appliances such as refrigerators, air conditioners, televisions, and microwaves are also increasing in Vietnam due to increased disposable family incomes, and customers are likely to purchase UPS batteries as a result of a shortage of electricity. As a result, the Vietnam UPS market is anticipated to grow quickly throughout the course of the projected period.
Increasing Usage of Green UPS Systems
The cost of energy has increased significantly recently, and consumers have also become more environment friendly. Owing to these problems, several businesses have created energy-efficient green UPS technology. The power consumption of UPS systems may be reduced by up to 75% when green UPS solutions are compared to conventional UPS designs. As a result, when buyers evaluate UPS devices, one of the key factors they consider is energy efficiency. In addition, green UPS systems' better monitoring and thermal design technologies cut down on heat production. Owing to a growth in the use of green UPS devices in several applications, such as IT networks and telecommunications, the demand for green UPS is anticipated to rise significantly over the course of the projected period.
Market Segments
Vietnam UPS Market is divided on the basis of product, rating, sector and application. Based on product, the market is further split into online, offline, and line interactive. Based on rating, the market is further divided into less than 5kVA, 50.1 kVA - 200 kVA, and others, Based on sector, the market is further segmented into BFSI, OEM (manufacturing), oil & gas, power, healthcare, IT, housing, and others. Based on application, the market is further segmented into commercial, residential, government, and industrial.
The Vietnam UPS Market stood at USD XX Million in 2022 and is expected to register a steady CAGR during the forecast period.
Market Players
Major market players in Vietnam UPS Market are ABB Limited (Vietnam), General Electric Company, Schneider Electric Vietnam, Toshiba International Corporation, Eaton Corporation PLC, Legrand SNC FZE, Socomec Asia Pacific Pte. Ltd, Tripp Lite, Vertiv Group Corp, and Riello UPS Singapore Pte. Ltd.
Report Scope:
In this report, Vietnam UPS Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Vietnam UPS Market, By Type:
o Online
o Offline
o Line Interactive
- Vietnam UPS Market, By Rating:
o Less than 5kVA
o 5.1 kVA - 50 kVA
o 50.1 kVA - 200 kVA
o Others
- Vietnam UPS Market, By Sector:
o BFSI
o OEM(Manufacturing)
o Oil & Gas
o Power
o Healthcare
o IT
o Housing
o Others
- Vietnam UPS Market, By Application:
o Commercial
o Residential
o Government
o Industrial
- Vietnam UPS Market, By Region:
o North Vietnam
o Central Vietnam
o South Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam UPS Market.
Available Customizations:
With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Impact of COVID-19 on Vietnam UPS Market
4. Executive Summary
5. Voice of Customers
6. Vietnam UPS Market Outlook
6.1. Market Sector & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Online, Offline, Line Interactive)
6.2.2. By Rating (Less than 5kVA, 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, Others)
6.2.3. By Sector (BFSI, OEM(Manufacturing), Oil & Gas, Power, Healthcare, IT, Housing, Others)
6.2.4. By Application (Commercial, Residential, Government, and Industrial)
6.3. By Region
6.4. Market Map
7. Northern Vietnam UPS Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Rating
7.2.3. By Sector
7.2.4. By Application
8. Central Vietnam UPS Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Rating
8.2.3. By Sector
8.2.4. By Application
9. Southern Vietnam UPS Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Rating
9.2.3. By Sector
9.2.4. By Application
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. Vietnam Economic Profile
14. Company Profiles
14.1. ABB Limited (Vietnam)
14.1.1. Business Overview
14.1.2. Key Revenue and Financials (If available)
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Services
14.2. General Electric Company
14.2.1. Business Overview
14.2.2. Key Revenue and Financials (If available)
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Services
14.3. Schneider Electric Vietnam
14.3.1. Business Overview
14.3.2. Key Revenue and Financials (If available)
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Services
14.4. Delta Electronics Inc
14.4.1. Business Overview
14.4.2. Key Revenue and Financials (If available)
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Services
14.5. Eaton Corporation PLC
14.5.1. Business Overview
14.5.2. Key Revenue and Financials (If available)
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Services
14.6. Socomec Asia Pacific Pte. Ltd
14.6.1. Business Overview
14.6.2. Key Revenue and Financials (If available)
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Services
14.7. Riello UPS Singapore Pte. Ltd
14.7.1. Business Overview
14.7.2. Key Revenue and Financials (If available)
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Services
14.8. Vertiv Group Corp
14.8.1. Business Overview
14.8.2. Key Revenue and Financials (If available)
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Services
14.9. Tripp Lite
14.9.1. Business Overview
14.9.2. Key Revenue and Financials (If available)
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Services
14.10. Toshiba International Corporation
14.10.1. Business Overview
14.10.2. Key Revenue and Financials (If available)
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Services
15. Strategic Recommendations
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