Industrial UPS Market – Global Forecast & Analysis Now Available From Technavio
By Business Wire News
By Business Wire News
Technavio has published a new report on the global industrial UPS market,which is expected to grow at a CAGR of close to 11% from 2015-2019.
Industrial UPS market segmentation including power rating, industry, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different power ratings, including 1-10 kVA, 10.1-20 kVA, 20.1-100 kVA, and 100.1 kVA and above.
Additionally, analysts have segmented market projections by key geography, and also by industry, focusing on refining and petrochemicals, logistics, power generation, oil and gas, and others.
The latest report by Technavio also emphasizes the growing focus on environmental sustainability, which is boosting market growth. Although lead-acid batteries are increasingly used in UPSs, they prove to be hazardous to the environment if not disposed of properly.
“The growing concern on environmental sustainability is motivating UPS manufacturers to adopt flywheel technology and eliminate the use of lead-acid batteries. Even though their capital cost is higher compared to traditional UPSs, they have high lifetime value, reducing the need for battery replacement and maintenance,” says Faisal Ghaus, Vice President of Technavio.
Industrial UPS: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global industrial UPS market from 2015-2019. The market size is calculated according to the revenue generated from the sale of industrial UPSs.
Industry analysis includes:
- Key Vendors:
- Emerson Electric
- Schneider Electric
- Market Growth Drivers:
- Increase in power outages
- Growing demand for industrial power backup
- Market Challenges:
- Disposal issues related to lead-acid batteries
- Price pressure
- Market Trends:
- Increase in M&A
- Growing focus on environmental sustainability
View the global industrial UPS market report.
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