A new analysis from Frost & Sullivan on the Asia-Pacific UPS market finds that the market earned revenues of US$1.46 billion in 2011 and estimates this to reach US$2.03 billion in 2017.
From the press release:
“Several public and private companies are included in governments’ programmes to convert all government agencies’ computing systems to a public cloud system, creating a cast market for UPS devices,” says Frost & Sullivan Research Analyst Avanthika Satheesh.
The mining, manufacturing and power utility industries will be the biggest contributors to market revenues. The introduction of smart grids all over the region is also creating considerable opportunities for the UPS market, as these grids require constant monitoring, intelligent control and communication.
“Customers’ expectations could challenge UPS manufacturers since they generally lack expertise and industry knowledge in the mining, chemical, power and manufacturing sectors,” notes Satheesh. “Manufacturers will be better equipped to meet end-user demand by participating in frequent development programs and training so they have skilled manpower.”