The global industrial UPS market is conservative and is at its maturity, states a new report by Gautham Gnanajothi, Industry Analyst at Frost & Sullivan. Although there was a slight decline in the growth rate in 2013 over the previous year, the market is expected to recover and register moderate growth over the forecast period.
The market continues to be dominated by three-phase systems and customized solutions, and the growth in niche industrial applications is expected to drive these segments.
In terms of end-user segments, the oil and gas, and power segments are expected to drive the overall industrial UPS market revenues. In terms of power range, the majority of the revenues came from the 10.1–200 KVA segment, which is also the fastest growing segment.