NEW YORK, May 18, 2016 /PRNewswire/ --
Advancements in Battery Technology Coupled With Declining UPS Prices to Drive Sales of UPS Devices Till 2020
According to TechSci Research report "Global UPS Market By kVA Range, By End User, By Region, Competition Forecast and Opportunities, 2011-2021", the global market for UPS is anticipated to touch US $ 9.85 billion by 2021 on account of increasing concerns over power fluctuations and growing need to protect sensitive equipment from adverse effects of grid power instability. UPS provides instantaneous protection to electric equipment from sudden interruptions in power supply and therefore, these systems have attained a widespread adoption across the globe, and are widely used in data centres, hospitals, hotels, telecommunication, IT, oil and gas, chemical, and food processing industries. Surging data consumption across the globe is fueling expansion in the data centre industry, which is expected to in turn, create huge demand for UPS systems, as data centres require constant power supply to store and protect data. With increasing need to preserve and secure data, globally, the market for data centres is anticipated to grow from US $ 14.6 billion in 2014 to US $ 22.7 billion by 2021.
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Browse more than 200 market data Figures spread through 298 Pages and an in-depth TOC on "Global UPS Market"
On account of implementation of stringent government policies and increasing SMB IT investments in countries like US, China and India, as well as in other regions of Asia-Pacific and North America, demand for UPS systems is anticipated to increase, globally. In 2015, less than 5kVA UPS segment accounted for the largest share in the global UPS market due to its easy affordability and increasing digitalization in diverse end-use segments including small offices, banks, hospitals, shopping malls, amusement parks, retail outlets, hotels, ITeS, educational and financial institutions, etc. The global IT investments are anticipated to increase from US $ 2.08 trillion in 2014 to US $ 2.45 trillion in 2019, implying rapid development of corporate offices and IT hubs, which is expected to further boost UPS demand in the coming years. Emerson Network Power, APC by Schneider Electric, and Eaton Corporation Plc. are few of the major players operating in the global UPS market.
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"On account of the rapid infrastructural development as well as anticipated expansion in IT/ITeS, retail space, hotels, hospitality, small & medium-sized enterprises, data centers etc., in the coming years, especially in Asia-Pacific and North America, demand for UPS is anticipated to increase over the next five years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global UPS Market By kVA Range, By End User, By Region, Competition Forecast and Opportunities, 2011-2021" has evaluated the UPS market across the globe and provides statistics and information on market structure, industry behaviour and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in global UPS market.
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