Global Industry Analysts, Inc. recently announced the release of a comprehensive report on the Uninterruptible Power Supply (UPS) Systems market. According to the report, global market for UPS Systems is projected to reach US$14 billion by 2017.
The demand for clean and reliable power supply is growing with each passing day and positions itself as a market to tap for the UPS industry. More than half of the electricity demand is accounted by the information technology market. The global consumption of electrical power is projected to leap to 20 trillion kilowatt-hours by 2015.
A part of the power quality industry, UPS systems although flayed by the recent recession, witnessed smart recovery in the year 2010. Also, with the increasing adoption of a digitally-based lifestyle by most of the consumers, computing and storage requirements will continue to surge creating demand for reliable power management tools. The improving economy will result in the establishment of new datacenters, which are the key revenue generators for the market.
Going forwards, the market will be primarily driven by growing enterprise adoption of virtualization as a technology for enhancing data center operations, as a strategy for complying with green IT agenda.
As stated by the report, Asia-Pacific represents the fastest growing regional market for UPS systems with revenue from the region waxing at a Compound Annual Growth Rate of about 15.8% over the analysis period. Continuous investments in industry and infrastructure by governments in the region are particularly driving robust growth in the Asia-Pacific market.
The report titled “Uninterruptible Power Supply (UPS) Systems: A Global Strategic Business Report” provides a comprehensive review of current market trends, key growth drivers, recent industry activity, and profiles major companies worldwide. The report provides market estimates and projections for routers across all major geographic markets including US, Canada, Japan, Europe, Asia-Pacific Latin America, and Rest of World.