Key vendors to launch new innovative products during the forecast period
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global industrial UPS market in their latest research report. This report also lists 15 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenues that are generated from the sales of industrial UPS systems in the market.
This Technavio report, under the power vertical, is based on the synthesis, analysis, and interpretation of information about the global industrial UPS market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for industrial UPS is highly competitive in nature. The market is characterized by pricing pressures, which often lead to price wars among vendors. During the forecast period, the market is expected to witness new product launches and innovations because of regulatory changes imposed by governments across the globe. Factors such as the increase in product extensions, technological innovations, and M&A are likely to intensify competition in the market. The global industrial UPS market is also expected to witness the entry of new players in the coming years.
“Consumers across the globe are increasingly integrating their power systems to prevent damage to consumer electronics. Damages are incurred mainly through sudden loss of power, voltage fluctuations, and power surges. UPS systems provide constant power supply to electronic equipment, thus, preventing loss of data and productivity. They also protect electrical appliances from distorted power failures and regulate power fluctuations. The increased need for constant power supply is propelling the demand for UPS systems in the global market,” says Sayani Roy, a lead analyst at Technavio for power.
Top five vendors in the industrial UPS market space
ABB
ABB is a provider of power and automation technologies for utility, transport, and infrastructure industries across the globe. The company’s key product lines include discrete automation and motion, low-voltage products, process automation, power products, and power systems. During July 2015, ABB signed an agreement with Hyundai Heavy Industries to provide power management, power-from-shore, and telecom systems worth around $100 million. The agreement is likely to improve the company’s safety and reduce operating expenditures and emissions at the project sites off the coast of the UAE.
Key products: PCS 100 UPS-I, Cyberwave, PowerBuilt, and PowerLine DPA.
AMETEK Solidstate Controls
AMETEK Solidstate Controls is part of AMETEK’s Electronic Instruments Group (EIG). AMETEK is a leading global leader in testing, advanced monitoring, calibrating and display instruments. The company sells its products to the aerospace, process, power, and industrial markets in the global market. The company also engages in the manufacture and sales of electronic instruments and electromechanical devices. It has operational presence in Europe, North America, Asia, and South America.
Key products: PWM UPS – DDP and 3DPP, SE Plus Series, and Ferroresonant UPS – DSE.
Eaton
Eaton is a global power management company that provides solutions related to electrical, hydraulic, and mechanical power. The two key business segments of the company include electrical products and electrical systems and services. In the industrial UPS markets, the company caters to the needs of companies in the electrical systems, hydraulics, vehicle components, and aerospace markets.
Key products: Eaton FERRUPS Tower UPS and Eaton FERRUPS Rackmount UPS.
Emerson Network Power
Emerson Network Power, a business unit of Emerson is the world’s leading provider of critical infrastructure technologies. The company provides technology and engineering solutions to industrial, commercial, and consumer markets. Emerson Network Power is a leading provider of thermal management, transfer switches, D/C and A/C power, services and information management systems for the data center and telecommunications industries.
Key products: LXI – Small Capacity Industrial UPS, Hipulse D – Industrial UPS, Hipulse – Industrial UPS, UtilitySure – Industrial UPS, FP Industrial UPS System, and Chloride Series.
Schneider Electric
Schneider Electric provides a wide range of equipment and components for electricity distribution, energy management, and automation management. It is one of the leading companies in the industrial UPS market. The company offers innovative brands and products in power generation, power quality, and mechanical power transmission segments.
Key products: MGE Galaxy 5000, Galaxy 5000, Galaxy VM, Gutor PXC, and Symmetra MW.
Other prominent vendors in this market include AEG Power Solutions, Benning Power Electronics, Borri, Fuji Electric, GE Industrial, Mitsubishi Electric, Active Power, Caterpillar, Riello Power India, Piller Group, NUMERIC, Cyber Power Systems, Falcon Electric, Gamatronic, and Uninterruptible Power Supplies.
A more detailed analysis is available in the Technavio report, Global Industrial UPS Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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