Saudi Arabia 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

Saudi Arabia UPS (Uninterruptible Power Supply) market is anticipated to grow at a steady CAGR during the forecast period 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 more energy that can be stored, the longer electricity can be sustained.

A UPS or Uninterruptible Power Supply is designed to provide protection to sensitive electrical equipment, including computers, data centers, and telecommunications systems, among others, from sudden power outages. In situations where a power outage could lead to loss of data or even harm, a UPS serves as a critical backup power source. Once the UPS is charged and connected to the device, it can provide backup power for 15-20 minutes or more, depending on the device's power consumption. Beyond preventing data loss, the UPS can also help prevent hardware damage by regulating power input and preventing sudden fluctuations in current. The number of data centres is increasing globally, remote work or work from home (WFH) is becoming more popular, and the manufacturing industry is expanding. All these factors are significantly affecting the need for Uninterruptible Power Supply (UPS) systems in the residential and commercial sectors. Additionally, the expanding healthcare and tourist sectors are further involved in boosting Saudi Arabia's UPS market revenue.

Increase in Demand for Reliable Power Supply.

The Saudi UPS market is being primarily driven by several factors, including the increasing need for reliable power supply in the country. This demand has been boosted by significant investments by the government in infrastructure development, thereby contributing to the growth of the UPS systems industry. Furthermore, the growing IT and telecom sector has led to an increase in demand for UPS systems. The healthcare and industrial sectors have also witnessed a rise in demand for power backup solutions, further fuelling market growth.

Additionally, the rise in disposable family incomes in Saudi Arabia has led to increased sales of electrical equipment, such as refrigerators, air conditioners, televisions, and microwaves. This increase in demand for electrical equipment is also expected to drive demand for UPS batteries. As a result, the UPS market is poised to experience rapid expansion throughout the forecast period due to the aforementioned factors.

Green UPS Systems to Drive the Market Growth

Energy prices have grown considerably in recent years, and consumers have become more environmentally conscious. As a result of these issues, several companies have developed green UPS technology that consumes less energy. When compared to traditional UPS designs, green UPS solutions can reduce power consumption by up to 75%. Therefore, when purchasers compare UPS devices, one of the primary parameters they consider is energy efficiency. In addition, improved monitoring and thermal design technologies in green UPS systems reduce heat generation. As a result, demand for green UPS is expected to expand considerably throughout the forecast period due to an increase in the usage of green UPS devices in a number of applications, including IT networks and telecommunications.

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Market Segments

Market Players

Major market players of Saudi Arabia UPS Market are ABB Ltd, General Electric Company, Shenzhen Kstar Science And Technology Co. Ltd., Wataniya Fiber Glass Reinforced Plastic Factory Co. W.L.L, Eaton Corporation PLC, Legrand SNC FZE, Socomec Middle East, Tripp Lite, Vertiv Co and Riello UPS Middle East FZ-LLC.

Recent Developments

• In April 2020, the recently established facility of Arabian Power Electronics Company (APEC) in Al-Khobar, Saudi Arabia, is the first and only one of its kind in the Kingdom as well as the whole region. It will manufacture UPS systems, battery chargers, inverters, frequency converters, and solar power systems.
  
  
• In Dec 2022, Rolls Royce supplied mtu Kinetix PowerPacks to a Saudi supercomputer where, in the case of a power outage, the constantly revolving accumulator will ensure the startup of a diesel engine and the instantaneous security of essential load.