KSTAR (00251. SZ) continues to be the most popular local UPS brand in China by sales volume in 2021, research company CCID claims in its newest report. In addition, Kstar also dominates China's fast-growing modular UPS market and high-capacity UPS (＞200kVA) market.

The CCID paper, Annual Report on China UPS Market 2021-2022, published in mid-2022, states that China's Uninterruptible Power System (UPS) market grew 13% year-on-year to reach 8.47 billion yuan (1.26 billion U.S. dollars). The highest contribution in the market mainly came from the rise of digital economics and the new infrastructure plan in the country. The report also highlights that modular UPS and high-capacity UPS segments are still growing fast in the country, accounting for 46.9% and 42.3% of the UPS market respectively.

Based on the CCID data, KSTAR sold over 221,000 UPS throughout 2021 accounting for 13.2% of the China's UPS market, representing the largest market share among all domestic UPS suppliers. Overall, this is the 21st consecutive year that Kstar has been named a top player in the report.

In addition to its overall ranking, Kstar was recognized on two other specific lists.

No.5- Top five modular UPS brands
No.5- Top five high-capacity UPS brands

"We are grateful to receive these recognitions once again. We could not have achieved these honors without ongoing efforts in product innovation and market insight. In response to the development trend with modular, high density and high efficiency that is essential for future infrastructure development, Kstar has released a 100kW /125kW high power density UPS power module, boosting the efficiency up to 97% and saving space by 22%. In addition, Kstar has introduced lithium-ion battery options for its high-capacity UPS. With our continuous R&D innovation and advanced technical capabilities, Kstar will continue to offer first-class UPS solutions for customers." said Ivan Liang, VP of Pre-Sales (global) at Kstar.