Global UPS Services Market 2015-2019
About UPS Services
In the event of a power outage, a UPS system is used to power infrastructure until a generator takes control of the system. UPS are generally used for a short period of time from few seconds to minutes. They are triggered automatically when the power supply is interrupted between the mains and the equipment. UPS systems not only provide power backup during an emergency but also play a vital role in power regulation. Electrical devices connected to UPS systems are usually mission critical in nature and cannot be shut down unexpectedly; hence, UPS services are of utmost importance. Timely and proper maintenance of the UPS system ensures overall system reliability and optimum operation.
Technavio's analysts forecast the global UPS services market to grow at a CAGR of 9.3% during 2014-2019.
Covered in this Report
The global UPS services market can be segmented into four divisions based on service type: contracts, installation, maintenance and repair, and others.
Technavio's report, Global UPS Services 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 also includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global UPS Services Market 2015-2019
Technavio recognizes the following companies as the key players in the Global UPS Services Market: Active Power, Eaton, Emerson Electric, Schneider Electric, and Toshiba.
Other Prominent Vendors in the market are: DC Group, Electronic Environments Corporation, Systat, and GE Industrial Services.
Commenting on the report, an analyst from Technavio’s team said: “Recent technological advancements pertaining to the development of innovative UPS systems is a trend observed in this market. The technological advancements in UPS systems will enable users to overcome issues related to power outages. Quick charging technology enables fast recharging of batteries in areas prone to frequent power cuts.”
According to the report, one driver that augments growth in this market is the growing number of data centers. An increase in data center applications is the major factor contributing to the growing use of UPS in the ITES segment. The rapid increase in consumer data consumption is driven by reliable and robust UPS systems used in the ITES industry.
Further, the report states that the availability of counterfeit products is a major challenge faced by this market. Like other products, the UPS market too has its share of gray operators. Most of the local manufacturers in South Asian countries replicate the designs and technology of big manufacturers.