- The key vendors in the Global Transformerless UPS Market 2015-2019 are ABB Ltd., Eaton Corp., Emerson Electric Co., GE Co. and Schneider Electric Co.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Transformerless UPS Market 2015-2019. One of the major trends emerging in this market is the growing demand for transformerless UPS systems among end-users. This demand is because of the several advantages it offers over transformer-based UPS systems. Transformerless UPS solutions offer several advantages such as high efficiency, low capital expenditures, higher returns on investment, low operating cost, less weight, and low carbon footprint. The overall market is expected to grow at a CAGR of 11.8 percent during the forecast period of 2014-2019.
The market growth is heavily reliant on the higher performance efficiency and capacity of the transformerless UPS when compared to the transformer-based UPS. Also, market vendors are investing heavily in R&D to develop transformerless UPS systems with larger energy capacities. Technologically advanced switching devices such as IGBTs are being increasingly used in transformerless UPS systems and this in turn is expected to propel the growth of the market during the forecast period.
“Next-generation power storage technology makes use of power-efficient solutions and harnesses alternative energy sources, thereby contributing to the betterment of the environment,” says Faisal Ghaus, Vice President of Technavio Research.
“The next-generation technology helps discharge the energy back to the grid when the battery power is not being used. This saves power and helps in energy management.”
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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