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It is time for an industrial UPS

It is time for an industrial UPS

An industrial UPS is an electronic converter used to provide power backup to a load during a power breakdown. These UPS systems provide instantaneous power backup by ensuring continuous power supply from energy stored in batteriesUPS systems are widely deployed for continuous power supply in various industries such as Oil & Gas, Hospitals, Airports, Chemical, and Food Processing industries.

The analysts forecast the Global Industrial UPS market will grow at a CAGR of 5.55 percent over the period 2013-2018. The Global Industrial UPS market is expected to grow at a steady rate during the forecast period because major players in the industry are trying to increase their market share through inorganic growth. Hence, to access the untapped markets worldwide, a number of mergers and acquisitions and strategic alliances are expected to take place in the UPS market during the forecast period. Many large vendors and emerging contenders in the market are employing the mergers and acquisitions strategy to enhance their market presence.

According to the report, the Global Industrial UPS market is driven by many growth drivers. Increased need for UPS systems is one of the major drivers in the market. The increasing population has led to high energy consumption, which in turn disrupts the power supply to end-users. Hence, end-users are increasingly adopting UPS systems. Further, the report states that though the Global Industrial UPS market has many drivers, the market is facing some growth inhibitors. The fluctuating cost of raw materials is one of the major challenges confronting the market.

The prices of raw materials such as steel and copper are undergoing fluctuations, which affects the market. These materials are widely used in all ranges of UPS systems. Despite witnessing decline in 2009, the UPS market has rebounded due to growing demand from the SMB market, globally, over the last four years. Widening energy demand-supply gap, particularly in the APAC region, growing SMB IT spending, and growth in the number of data centers are some of the key factors driving the global UPS market. Less than 1 kVA UPS segment is expected to continue dominating the global UPS market, in volume terms, during the forecast period, due to growing usage of these UPS types among diverse end-user segments. Below 1 kVA UPS is primarily installed with desktop PCs to provide back power to the system. Moreover, UPS with less than 1 kVA rating are more cost effective than other UPS types, which is leading to their higher adoption. The market for less than 1 kVA UPS is expected to grow significantly during the forecast period, in terms of value as well as volume, largely driven by growth in the IT/ITeS and SMB markets, globally.

According to TechSci Research report “Global UPS Market Forecast & Opportunities, 2019″, the global market for UPS is forecast to grow at a CAGR of about 8% during 2014-19. Amongst all regions, Asia-Pacific currently accounts for the largest share in the global UPS market due to expanding infrastructure coupled with growing commercial markets such as IT/ITeS, retail and hospitality. Growth of unorganized players, especially in low rating UPS segment, is emerging as a major challenge for the organized players operating in the global UPS market. The unorganized sector continues to maintain its stronghold despite large-scale efforts by leading players to launch high-value entry level UPS solutions. This is majorly due to growing UPS sales in Small Office/Home Office (SOHO) and SMB markets, which are largely driven by consumer-vendor relationships, thus benefitting unorganized players in the long-term.

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