Global Industrial Uninterruptible Power Supply Market 2017-2021
About Industrial UPS
UPS systems provide emergency power when the main power supply fails. These systems are used to protect equipment and machinery from unexpected power disruptions that could result in loss of productivity. UPS systems are of two types — online and offline.
Technavio’s analysts forecast the global industrial UPS market to grow at a CAGR of 6.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial UPS market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial UPS systems in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial UPS Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial UPS market: ABB, AMETEK Solidstate Controls, Eaton, Emerson Network Power, and Schneider Electric
Other Prominent Vendors in the market are: AEG Power Solutions, Benning Power Electronics, Borri, Fuji Electric, GE Industrial, Mitsubishi Electric, Active Power, Caterpillar, Riello Power India, Piller Group, NUMERIC, Cyber Power Systems, Falcon Electric, Gamatronic, and Uninterruptible Power Supplies
Commenting on the report, an analyst from Technavio’s team said: “The growing UPS market highly relies on the battery dynamics. Li-ion batteries have higher energy densities than lead-acid batteries or nickel-metal hydride batteries. Having high energy density means that the battery can store more electricity in the same size cell and with reduced UPS footprint. This is what makes the Li-ion batteries ideal for use in industrial UPS.”
According to the report, aerospace and railways continue to play a pivotal role in the global industrial UPS market. The railway industry in the developing countries is expected to grow rapidly because of infrastructure development, rising industrialization, growing population, development of tourism, and modernization of railway infrastructure. There is a lot of emphasis on safety, increasing the length of fast tracks or corridors that has led to the requirement of wagons and high-speed passenger coaches, along with the expansion of metro train network to several cities. This augurs well for the UPS industry.
Further, the report states that the global industrial UPS market is dependent on the manufacturing and industrial businesses for its sustenance. The industrial business, on the other hand, is based on the global economy for its existence. In the times of strong macroeconomic numbers, the global appetite for the consumption of goods increase, thereby increasing the demand for manufactured products.
ABB, AMETEK Solidstate Controls, Eaton, Emerson Network Power, Schneider Electric, AEG Power Solutions, Benning Power Electronics, Borri, Fuji Electric, GE Industrial, Mitsubishi Electric, Active Power, Caterpillar, Riello Power India, Piller Group, NUMERIC, Cyber Power Systems, Falcon Electric, Gamatronic, Uninterruptible Power Supplies.
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