Philippines UPS System Market Forecast for 6% CAGR During 2023-2029, Driven by Surging Development and Proliferation of Data Centers and Colocation Facilities [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
Forecast By KVA Ratings, By Applications, By Regions And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering. The Philippines UPS system market is anticipated to register significant growth in the coming years owing to surging development in the commercial and industrial sectors along with the proliferation of data centres and colocation facilities in the country. For instance, Beeinfotech opened its first data centre in the Philippines called "The Hive" in 2021, which is the largest telco-neutral data center facility in the country, with an initial capacity of at least 3,000 server racks that can accommodate up to 45U rack height. Additionally, ST Telemedia Global Data Centers (STT GDC) Philippines, is earmarking a $1 billion investment to establish the largest data center in the Philippines which is scheduled to initiate operations in 2025 with an initial capacity of 28 megawatts, expandable to 124 MW in its full operational phase. Furthermore, wi
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