London, 16 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global residential UPS market 2015-2019, which is expected to grow at a CAGR of 6.8% during the forecast period of 2014-2019.
The growing need to protect electrical equipment from voltage fluctuations by providing continuous power backup in households is expected to drive growth in this market. Increasing adoption of wireless broadband and CCTV cameras in residential homes also bolster the demand for residential uninterruptable power supply (UPS) systems. The recent paradigm shift toward green energy has led to the decommissioning of thermal power plants. This has led to power outages in the European region and in turn has increased the demand for UPS system implementation.
“Increased availability of portable UPS systems is expected to boost market growth during the forecast period. End-users worldwide prefer smaller UPS systems because these systems require less space,” says Faisal Ghaus, Vice President of Technavio.
“Portable UPS systems weigh less and cost less compared with large-sized UPS systems. Vendors are manufacturing UPS systems with features like easy installation and compactness to their built-in battery feature.”
Key Market Drivers:
- Growing Demand for Protecting Digitally Dependent Households.
- Increase in Power Outages.
- Extensive Use of Desktop PCs in APAC.
Key Market Trends:
- Technological Advancements.
- Increased Availability of Portable UPS Systems.
- Growing Need for Constant Power Supply.
Key Market Vendors:
- Eaton
- Emerson Electric
- Schneider Electric
- Toshiba
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
