Despite witnessing decline in 2009, the UPS market has rebounded, globally, over the last four years, states a newly released report by TechSci Research („Global UPS Market Forecast and Opportunities, 2019“)
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.
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.
However, growth of unorganized players, especially in lower 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.