- The key vendors in the global UPS services market 2015-2019 are Active Power, Eaton, Emerson Electric, Schneider Electric, and Toshiba.
London, 27 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global UPS services market 2015-2019. The increased need for constant power supply is a key trend observed in this market. Sudden loss of power damages the sensitive electronic devices and interrupts the continuity of their daily operations. These systems aid in protecting electrical appliances from distorted power failures and also aid in regulating power fluctuations. The market for UPS services is expected to grow at a CAGR of 9.3% during the forecast period of 2014-2019.
Increasing establishment of data centers is a significant factor that drives growth in this market. Uninterruptable power supply (UPS) systems help enterprises to avoid loss of data and productivity. Increasing demand for UPS systems from companies in the industrial, commercial, and residential sectors is also expected to drive market growth as they help to maintain continuity in their daily operations. Also, the availability of post-sales services like maintenance, installation/commissioning, and repair aid in bolstering the demand for UPS services globally.
“End-users worldwide prefer smaller UPS systems because these systems require less space. Thus, most of the space can be utilized by organizations for their core business activities. Portable UPS systems have less weight and, therefore, cost less compared with large-sized UPS systems,” says Faisal Ghaus, Vice President of Technavio Research.
“Vendors are manufacturing UPS systems that are lightweight, easily mountable, and consume less space due to built-in battery features.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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