Global UPS System Industry 2018, Deep Market Research Report, Analysis, Forecast and Outlook
The forecast UPS System Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, UPS System on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to a report the global ups system market is projected to grow at a CAGR of 7.4% over the forecast period of 2018-2024.
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Decline in the Prices of Lithium-Ion Battery Prices to Promote Growth in the UPS System Market
Surging demand for data and networking capacity drives the growth of the UPS system market. In addition, demand for more power backup solutions and government initiatives for industrial development and decline in the prices of lithium-ion battery prices are boosting the growth of the UPS system market. However Limited backup facility and the availability of generator incorporates and commercial complexes hinders the growth of the UPS system market Furthermore, Customer demand for improved reliability and zero downtime has resulted, manufacturers to design more robust components for UPS systems such as electronic switches. This, in turn, is providing several growth opportunities for the key players in the UPS system market over the years to come. On the other hand, Wide acceptance of cloud servers, which packs more power into smaller spaces, is projected to drive the data center uninterruptible power supply market.
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North America to Dominate the Global UPS System Market
North America dominated the global UPS system in terms of revenue. The growth in the North American region is due to the increasing preference for high availability of computing companies that are required to address their data center footprint. Moreover, the requirement for data center facilities and UPS solutions are driving the market growth in the European region. Increasing the data centers in developing countries such as India and China are projected to fuel the growth of the UPS system market over the forecast period. Moreover, Global mobile service providers are constructing mega capacity data centers in these destinations to manage rapidly increasing data traffic. As a result, Asia Pacific is emerging to be a key market for UPS for power backup needs of these establishments.
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Schneider Electric Keen to Tap EV Charging Market
In March 2018-Schneider, Electric said it is keen to tap the electric vehicle charging infrastructure market in India. The company displayed its EV charging infrastructure named EV Links during an innovation summit. The EV charging platform can be installed both at homes as well as public places," a company statement said. Schneider Electric S.E. provides energy management and automation solutions worldwide. It operates through four businesses: Low Voltage, Medium Voltage, Industrial Automation, and Secure Power.
The company's technologies are powering businesses and key government programs, including make in India, Smart Cities Mission, and Electric Mobility, and around 15 percent of India's solar capacity is based on its technology, Schneider Electric India.
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