Press release
UPS Market - Intelligence Report Offers Growth Prospects
The global UPS market is expected to display steadfast growth between 2017 and 2025, gaining traction from the increasing frequency of power fluctuations and growth in the number of data centers globally. Power fluctuations that pose a threat to human life such as in hospitals and factories or can cause damage to property need to be equipped with reliable power back up to prevent such accidents.Apart from this, the incessant penetration of smartphones leading to the generation of massive volumes of data has led to the creation of mega capacity data centers. Data centers require continuous power supply to prevent loss of operational data in the event of an outage and to keep cooling systems running.
However, on the flip side, the high cost of installation and maintenance of UPS is slowing the growth of global UPS market.
Transparency Market Research projects the global UPS market to rise at a CAGR of 7.5% between 2017 and 2025. Progressing at this pace, the market which stood at US$5,201.9 mn in 2016 will become worth US$9,881.9 mn by 2025-end.
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Data Center & Facility UPS Application Segment to Continue to Remain at Forefront
The report studies the global UPS market on the basis of application, kVA range, and geography. By application, the market could be classified into six key segments, viz. data center & facility UPS, industrial UPS, marine UPS, network, server & storage UPS, PC, workstation & home UPS, and others. Of them, in 2016, data center & facility UPS segment was registered to generate the leading revenue in the market. Going forward, the segment is expected to register a significant 7.5% CAGR during the forecast period 2017-2025.
By kVA range, the report segregates the global UPS market into the segments of less than 5 kVA, 20.1-60 kVA, 5.1-20 kVA, 60.1- 200 kVA, and more than 200 kVA. In 2016, 20.1-60 kVA stood as the leading revenue generating segment on the back of its high adoption in data centers. However, the segment of less than 5 kVA is projected to rise at a significant CAGR over the 2017-2025 forecast period. The less than 5 kVA segment is expected to find extensive application in smart home technologies especially in developed countries in Europe.
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Asia Pacific to Display Robust Growth Rate due to Proliferation of Data Centers in China, India
In terms of geography, the report divides the global UPS market into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Europe followed by North America were registered as the leading revenue generating regions in 2016, and are expected to maintain those positions over the 2017-2025 forecast period.
The TMR report projects Asia Pacific to display the leading CAGR from 2017 to 2025 on the back of significant economic development in the region. The development of mega capacity data centers and expansion of cloud storage utilization capacity are key factors for the growth of this region. Emerging economies such as India and China have become preferred destinations for data center needs of large mobile carriers. This is mainly because of advantages of low real estate cost and low labor cost in these countries.
In the Middle East and Africa, GCC countries including Saudi Arabia and UAE are expected to emerge as significant markets for UPS.
Key participants in the global UPS market include Eaton Corporation Plc., Uninterruptible Power Supplies Ltd., Riello Electtronica, Schneider Electric SE, The Emerson Electric Company, Vertiv Co., General Electric, Legrand, ABB Ltd., and Mitsubishi Electric Corporation.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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