UPS Market to Reach $ 9.8 Billion by 2021
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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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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