Published Date : Dec 26, 2016
Albany, NY, Dec 26, 2016: The report, titled “Global Industrial Uninterruptible Power Supply Market 2017-2021” offers a 360-degree view of the global industrial uninterruptible power supply (UPS) market by providing insights into various important aspects including its dynamics, geographical segmentation, and competitive landscape.
The global industrial UPS market is estimated to experience steady growth over the coming years, primarily due to increasing global demand for power backup solutions. According to the report, the market is anticipated to rise at a CAGR of more than 6% from 2017 to 2021. Moreover, the increasing government initiatives towards the development of transportation infrastructure are working in favor of the growth of the market. The rising trend of factory automation is another factor providing a fillip to the global market.
On the other hand, the sluggish growth of the oil and gas industry in recent times is adversely affecting the growth of the market. Furthermore, the rising concerns regarding the detrimental effects of battery disposal on the environment are limiting the market from realizing its full potential. Nevertheless, technological advancements in the UPS technology coupled with the increasing integration of power resources are likely to augur well for the growth of the global industrial UPS market in the near future.
On the basis of end-user industry, the global industrial UPS market is divided into transport infrastructure, power, refining and petrochemical, process, and oil and gas. As per the findings of the report, the transport infrastructure segment will continue to dominate the market until 2021. The transport infrastructure consists of railways, air transport, and metro transport. The demand for industrial UPS is expected to remain high in emerging economies such as India and China due to improving transportation infrastructure in these countries.
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The regional markets analyzed in the report are the Americas, Asia Pacific, and Europe, the Middle East, and Africa (EMEA). Asia Pacific will continue to be the leading revenue contributor until 2021. The growth of the region is supplemented by the increasing deployment of industrial UPS systems in various end-user sectors including wind, railway, and industrial. The demand for these systems is likely to remain high in countries such as Australia, China, India, Singapore, South Korea, and Taiwan.
The global industrial UPS market is characterized by high competitive rivalry among a large number of players, competing fiercely in terms of price. Companies are increasingly focusing on diversifying product portfolio, technological innovations, and mergers and acquisitions to stay relevant in the market, which in turn is further intensifying the competition. The leading players in the global industrial UPS market are Eaton, Schneider Electric, ABB, Emerson Network Power, and Ametek Solidstate Controls. Some of the key players are Active Power, AEG Power Solutions, Borri, Benning Power Electronics, Caterpillar, Cyber Power Systems, Falcon Electric, Fuji Electric, Gamatronic, GE Industrial, Mitsubishi Electric, NUMERIC, Piller Group, Riello Power India, and Uninterruptible Power Supplies.
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