Technavio’s latest report on the global three phase UPS systems market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021
Thanikachalam Chandrasekaran, a lead analyst from Technavio, specializing in research on energy storage sector, says, “A three-phase UPS provides continuous power supply to electrical equipment in instances of unforeseen power disruption. It also protects the equipment from power surges, thereby effectively averting the loss of productivity, equipment breakdown, damage, and replacement.”
The top three emerging trends driving the global three phase UPS systems market according to Technavio energy research analysts are:
Advances in UPS technology: „End-users worldwide prefer smaller UPS systems because they require less space, leaving more space for core business activities“, according to Thanikachalam.
Declining lithium-ion battery prices: The lithium-ion battery prices have been exhibiting a declining trend since 2007. The cost of battery packs has seen a decrease of 53% during 2007-2015. The price of lithium-ion batteries is expected to further decline by 50% during the forecast period.
Increasing market for green data centers: The major issues being faced by data center operators in developed countries is growth in power consumption and carbon emissions. This has created awareness among enterprises on the construction of green data center facilities. Advanced technologies and strategies are being implemented in data centers to improve their performance. Many global enterprises are involved in the operation of green data center facilities or are in the process of constructing them.