QY Research has published another report in the domain of energy and power. The report titled, “Global Uninterrupted Power Supply (UPS) Market Research Report 2019”, provides in-depth information on the key market dynamics, which are directly impacting the current and a future market scenario of the UPS market. The report also includes the top-down and bottom-up approaches to scrutinize the statistical data of the given report.
The analysts at the QY Research predict that the global uninterrupted power supply (UPS) market will touch the valuation at US$13.9662 bn by 2025 from US$10.5366 bn in 2018. The market is estimated to register a CAGR of 4.96% throughout the forecast period.
Global Uninterrupted Power Supply (UPS) Market: Drivers
The UPS market is likely to witness remarkable growth due to the rising demand for the high power range systems. Growing adoption of UPS systems as an essential power-back up device, as these systems perform work more efficiently and effectively. Availability of the data center rack solutions and technological advancements are further fuelling the market growth in the coming years. In addition, the rising demand of UPS across various industry verticals such as education, healthcare, BFSI, telecom, plant automation, hospitality, and government sectors are further boosting the market growth over the forecast period.
Global Uninterrupted Power Supply (UPS) Market: Regional Analysis
North America will witness significant growth in the global UPS market due to various end-users industries such as healthcare, hospitality, and financial services. Increasing volume of digital content has led to a rise in the demand for UPS systems in Europe. Asia Pacific is also expected to grab a remarkable market share due to the development of collaborative data centers in developing economies such as China and India.
Global Uninterrupted Power Supply (UPS) Market: Segment Analysis
The global market for uninterrupted power supply (UPS) market is segmented into applications and product type. The application segment includes the electric power industry, data center, transportation industry, telecommunication industry, manufacturing industry, medical, and others. The product type segment includes >500 kVA, <10 kVA, 100-500 kVA, and 10-100 kVA.
Global Uninterrupted Power Supply (UPS) Market: Key Companies
Some of the leading players operating in the global UPS market are Yeseong Engineering, Schneider-Electric, ChromaIT, EATON, Hossoni, Emerson, Jeidar, S&C, Foshan Prostar, ABB, Sanke, KSTAR, DPC, EAST, Gamatronic, Zhicheng Champion, Baykee, CyberPower, SORO Electronics, Socomec, Stone, Toshiba, Angid, Delta, Sendon, Eksi, Piller, Kehua, and Jonchan.
Global Uninterrupted Power Supply (UPS) Market: Competitive Landscape
Schneider Electric, the energy management and automation specialist, has announced the opening of its new office at Pune, India on April 2019. This new office will be showcasing the new products and solutions that are enhancing the efficiency of employees to quickly serve the customer. Companies are adopting the business expansion strategies to develop innovative products and attain a higher revenue.