London, 23 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the UPS Market in the APAC 2015-2019, which is estimated grow at a CAGR of 10.2% during the forecast period of 2014-2019.
UPS systems are extensively used in industrial control, communication, IT, medical treatment, transport, banks, security, and other sectors to effectively solve electricity disruption and poor power quality issues.
The growth of this market is predominantly due to the high adoption of data centers in the region and the growing use of UPS in the telecommunications industry. China and Japan are the leading market contributors in terms of revenue. Australia, Singapore, Malaysia, and India are also seeing an increase in demand for UPS systems due to the emergence of several new data center facilities.
“Next-generation power storage technologies are gaining increased market traction across the world. These technologies minimize harm to the environment due to their energy-efficient methods of electricity generation,” says Faisal Ghaus, Vice President of Technavio.
“Electricity generated by way of greener methods can then be used to charge batteries in UPS systems, making the systems themselves more environmentally friendly.”
Key Market Drivers
- Rise in power outages
- Increased demand for power backup among industries
- Growing number of data centers
- Increased availability of portable UPS systems
Key Market Trends
- Usage of next-generation power storage technologies
- Increased demand for transformerless UPS
- Increased adoption of green energy storage technology
Key Market Vendors
- AMETEK Inc.
- Eaton Corp.
- Fuji Electric Co. Ltd.
- Mitsubishi Electric Power Products Inc.
- Schneider Electric SE
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%…
