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Global UPS Market Forecast and Opportunities, 2019

Release date: 2015-03-06
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LONDON, Nov. 27, 2014 /PRNewswire/ -- UPS (Urgent Power Supply) is a device used in residential, commercial and industrial sectors for providing an immediate electricity backup in case of a power breakdown. Despite witnessing decline in 2009, the UPS market has rebounded due to growing demand from the SMB market, globally, over the last four years. Widening energy demand-supply gap, particularly in the APAC region, growing SMB IT spending, and growth in the number of data centers are some of the key factors driving the global UPS market. Less than 1 KVA UPS segment is expected to continue dominating the global UPS market, in volume terms, during the forecast period, due to growing usage of these UPS types among diverse end-user segments. Below 1 KVA UPS is primarily installed with desktop PCs to provide back power to the system. Moreover, UPS with less than 1 KVA rating are more cost effective than other UPS types, which is leading to their higher adoption. The market for less than 1 KVA UPS is expected to grow significantly during the forecast period, in terms of value as well as volume, largely driven by growth in the IT/ITeS and SMB markets, globally.
 
According to TechSci Research report "Global UPS Market Forecast & Opportunities, 2019", the global market for UPS is forecast to grow at a CAGR of about 8% during 2014-19. Amongst all regions, Asia-Pacific currently accounts for the largest share in the global UPS market due to expanding infrastructure coupled with growing commercial markets such as IT/ITeS, retail and hospitality. Presently, Emerson, APC, Eaton and Numeric are the leading players in the global UPS market. However, growth of unorganized players, especially in low rating UPS segment, is emerging as a major challenge for the organized players operating in the global UPS market. The unorganized sector continues to maintain its stronghold despite large-scale efforts by leading players to launch high-value entry level UPS solutions. This is majorly due to growing UPS sales in Small Office/Home Office (SOHO) and SMB markets, which are largely driven by consumer-vendor relationships, thus benefitting unorganized players in the long-term. "Global UPS Market Forecast & Opportunities, 2019" discusses the following aspects of the global UPS market