Global Residential UPS Market 2015-2019
A UPS is an electrical device that provides instantaneous power backup during a power failure or power outage. The device is used to provide power to negate the power interruptions associated with the main energy such as sags and surges and to filter out unwanted interruptions such as harmonics and electronic interference. UPS is widely used the residential sector and the telecommunication, IT, oil and gas, chemical, and food processing industries. Online, line-interactive, and standalone are the three types of UPS.
Technavio's analysts forecast the global residential UPS market to grow at a CAGR of 6.8% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the global residential UPS market for the period 2015-2019. The report provides the segmentation of the market based on the following: power rating and geography.
Technavio's report, Global Residential UPS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Residential UPS Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Residential UPS Market: Eaton, Emerson Electric, Schneider Electric and Toshiba
Other Prominent Vendors in the market are: GE, HBL Power, Mitsubishi Electric, Riello, Siemen, Socomec, Swelect Energy Systems and TDK
Commenting on the report, an analyst from Technavio’s team said: “The residential UPS system caters to the needs of home appliances such as laptops, desktop PCs, CFLs, mobile chargers, and modems. Increased availability of portable UPS systems is expected to boost market growth during the forecast period. End-users worldwide prefer smaller UPS systems because these systems require less space. Most of the space can be used by organizations for their core business activities. Portable UPS systems weigh less and cost less compared with large-sized UPS systems. Vendors are manufacturing UPS systems with features like easy installation and compactness to their built-in battery feature. An availability of portable UPS systems is expected to increase in the future, where the major vendors are achieving a competitive advantage by manufacturing UPS systems with such features.”
According to the report, the residential sector is increasingly dependent on electricity. However, owing to increased concerns about emissions from fossil fuel–based energy, electricity from green energy, smart power grids, and alternative energy sources like nuclear power is also finding its way into the homes of consumers, which in turn drives the demand for UPS systems. There is increased demand for energy management devices and the need to provide power backup in the event of a power outage in residential houses. UPS systems are mainly used to ensure service continuity and power quality of multiple digital and electronic devices that are increasingly used in households worldwide. In power deficit countries, in order to ensure continuous power supply to industries, residential consumers will face power cuts during the day time to meet the day time peak load. This is one of the major drivers in the residential UPS market.
Further, the report states that the replication of UPS system designs is detrimental to the growth of the residential UPS market.
Eaton, Emerson Electric, Schneider Electric, Toshiba, GE, HBL Power, Mitsubishi Electric, Riello, Siemen, Socomec, Swelect Energy Systems, TDK