Widening power demand-supply gap, particularly in the APAC region, growing SMB IT spending, and growth in the number of data centers are some of the key factors driving the global UPS market.
According to recently published report of Stats and Reports “India UPS Market Overview” globally, the UPS market is growing with a CAGR of more than 6% in the year from 2010 to 2014. Online UPS are dominating the world UPS market and are expected to remain the same in the future.
UPS manufacturers are involved in massive R&D to make design, components, and software and energy storage solutions in accordance to the industry demands. Some of the leading uninterruptible power supply system manufacturers make highly energy efficient UPS systems using advanced technology. Less than 1 KVA UPS segment is expected to continue dominating the global UPS market, in volume terms, during the forecast period, due to growing usage of these UPS types among diverse end-user segments. Below 1 KVA UPS is primarily installed with desktop PCs to provide back power to the system. Moreover, UPS with less than 1 KVA rating are more cost effective than other UPS types, which are leading to their higher adoption.
UPS (Urgent Power Supply) is a device used in residential, commercial and industrial sectors for providing an immediate electricity backup in case of a power breakdown. Despite witnessing decline in 2009, the UPS market has rebounded due to growing demand from the SMB market, globally, over the last four years. The economic condition of each of the countries and the government working for the promotion of such back up products will drive the global market. The increasing use of UPS systems in the industrial segment as well will give this market a boom.
This global market study provides a comprehensive, in-depth analysis of the Industrial Uninterruptible Power Supply (UPS) systems and services market, including market size and segmentation, market forecast, industry structure, and supplier market shares and profiles. Growing demand for energy, clean water, and consumer products in many regions also increases demand for clean and reliable power. This drives continued growth in the industrial UPS market. Continuing demand from the downstream refining and petrochemicals, upstream oil & gas, electric power, and mining industries, and investments in automation to raise productivity, flexibility, and address regulatory and safety needs will also drive demand for the industrial UPS equipment. Thus the world UPS market is expected to grow with an impressive CAGR in the further years.