Kstar the global leading Uninterruptible Power Supply (UPS) manufacturer, today announced that it has been recognized as the No.5 UPS hardware supplier globally in terms of 2021 overall shipment by research and consulting firm Omdia.
Each year, Omdia ranks the top 10 UPS brands based on market share in its annual “UPS hardware market tracker” report, which showcases a market of continuous change as companies grow. This is KSTAR’s 2nd consecutive year in the Top 5 Rankings.
Since entering the global market more than 26 years ago, Kstar has never limited itself from introducing the best UPS solutions for customers. By far, Kstar UPS has covered 150+ countries’ markets around the world and has built an excellent reputation for designing and manufacturing the highest quality and safest UPS products.
“Our fifth position in the global UPS equipment market share demonstrates our competitiveness against our competitors. We are proud of our ongoing effort to earn the trust of our customers and we will never stop innovating to keep it. In today’s global competitive environment, companies not only compete on products stragetics, sales networks but also supply-chain management. Kstar recently opened a new facility in Vietnam with an annual output of 10,000 UPS to better serve the global UPS market where we foresee a strong demand in nearly future.” stated Adda Wang, CMO of Kstar.
According to the latest data from Omdia’s report, the global UPS market revenue has reached $10.4 billion in 2021, up from $8.1 billion in 2020 and it’s expected to grow at a CAGR of 7.8% from 2021 to 2026 to reach $15.1 billion. The key drivers for UPS & data center growth continue to be the digitalization of physical tasks and the increased need to store and process data.
About Kstar
Established in 1993 and going public in 2010, Kstar (00251. SZ) is a world-leading power conversion expert, with a commitment to providing best-in-class solutions in critical power, renewable energy and energy storage systems. Kstar employs approximately 3,200 people and has office in 14 nations.
