Global UPS Market Expected to Reach US$ 10,745.9 Mn by 2026
The global UPS market was valued at US$ 5,539.2 Mn and is anticipated to reach US$ 10,745.9 Mn by 2026, expanding at a CAGR of 7.8%during the forecast period from 2018 to 2026.
[UKPRwire, Mon Nov 05 2018] Enterprises of varying capacities are steadily adopting power back-up solutions to offset the adversities associated with frequent power fluctuations prevailing across the globe. This has significantly impacted the growth of UPS market in the recent years. Additionally, technological advancements such as modular UPS, transformer-less UPS, and lithium-ion technology are crucial growth initiators for UPS market. Such vital market highlights have been gleaned in a new research report titled, ‘UPS Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026’, added to the voluminous online data archive of Market Research Report Search Engine (MRRSE).
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Technological Advancements Remain Potent Growth Initiators in UPS Market
To aid seamless operations of massive data centers to store enormous data generated by ubiquitous smartphone and improved internet penetration, coupled with proliferated adoption of cloud storage necessitates adoption of apt power back-up solutions to avert untoward equipment damage as well as data loss, thus reinstating the importance of UPS as an apt power back-up solution. These factors remain dominant drivers for the growth UPS market.
UPS market at the global spectrum is a mature market with several strong market participants striving to remain industry specific in their offerings. Portfolio differentiation with the aid of technological advancements remain at the fore for leading vendors. Aspiring new entrants are increasingly relying upon product innovation to establish a strong footing in a mature UPS market. Additionally, veteran UPS vendors are also focusing on business mergers and acquisitions to retain market dominance. However, significantly high installation and maintenance prices continue to remain major bottlenecks for the growth of UPS market.
Legrand Sets Afoot in Turkish UPS Market with Inform Acquisition
Striving to consolidate its position as a global vendor of UPS, prominent market participant Legrand has in a new initiative acquired UPS manufacturer, Inform. This Turkish UPS vendor commands a strong presence in Turkish UPS market. With this acquisition in place Legrand aspires to expand its geographical scope in UPS market.
Browse Details on UPS Market Research Report with TOC @ https://www.mrrse.com/ups-market-2018-2026
The report offers a detailed description of various market highlights, inclusive of an executive summary encompassing market definition and dynamics. In this section of the report readers are also presented with an overview of market segments prevalent in UPS market. Prominent market segments enumerated in the report include, type, kVA range, and application. By type UPS market is classified into online, offline, and line interactive. In terms of kVA range, UPS market is diversified into less than 5kVA, 5.1-20 kVA, 20.1-60 kVA, 60.1-200 kVA and above 200 kVA. On the basis of application UPS market is diversified into data center and facility UPS, industrial UPS, marine UPS, network, server, and storage UPS, and PC, workstation, and home UPS amongst others.
Further in the course of the report readers are also presented with regional diversification of UPS market, based on which the market is demarcated into Europe, North America, South America, Asia-Pacific, and Middle East and Africa.
Competition Spectrum: UPS Market
Thorough research elements articulated in this section of the report aids readers’ understanding on various marketing tactics and tools implemented by leading market players across regions and their eventual impact on market growth as well as on consumer response. Based on such vital details, readers can implement lucrative, well informed business decisions. This section of the report enlists some of the leading market participants in UPS market, inclusive of Legrand SA, Eaton Corporation Plc, Schneider Electric, Emerson Electric Co., Vertiv Co., and ABB Ltd. amongst others.
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