IMS Research currently reported that UPS sales were especially slow in 1Q 2012, resulting in only two percent growth in the global market year-over-year. According to tha analysis Western Europe is still facing a struggling economy and overly cautious consumers because of the unresolved economic problems of Greece, Spain and Portugal. As a result, the region’s sales continued to shrink in the first quarter 2012.
IMS Research’s Senior Analyst Lori Lewis, says: “The ongoing struggle in Western Europe has really forced many in the region to restrain from making any kind of large financial decisions and to suspend purchasing new UPS. What’s even more troubling is that the market doesn’t appear to be turning around any time soon without any kind of resolution on the underlying economy. Adding further to the woes of Europe, Middle East and Africa (EMEA), the emerging markets in both Africa and the Middle East, where hopes of UPS market growth were high, also fell short of seeing growth in 2011 over 2010.”
But one segment of UPS’ are still selling well: While the single-phase UPS sales remains flat, the >100kVA market remains steady continuing to pick up data-center projects.
“Ever since the recession hit, the UPS market has been on a roller-coaster ride of ups and downs,” states Lewis. “After making the climb to recovery in 2010 and part of 2011, sales have unfortunately headed back downhill and are forecasted to stay on that path until the issues weighing on Europe, China, and the U.S. are resolved.”