Reportstack has announced a new market research report on the Global UPS Market 2015-2019. The emergence of next-generation power storage technologies is gaining increased market traction. These technologies help the power utilities meet the environmental norms because they cause minimal harm to nature. Thus, UPS batteries could be charged using renewable sources of power. The overall market is expected to grow at a CAGR of 8.61 percent during the forecast period of 2014-2019.
Manufacturing industries such as Oil and Gas, Power Generation, Chemical, and Others are increasingly demanding UPS systems to maintain continuity in their daily operations. A UPS enables enterprises to prevent loss of data and productivity, and maintain service level agreements.
“The increased number of over-voltages, over-currents, and power failures because of uneven power supply has led to an increased need for UPS systems from residential, commercial, and industrial end-users,”.
“Many end-user industries, especially the Data Center and IT industries, are increasingly using UPS systems for power backup to prevent loss of data and productivity.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report available @ Global UPS Market 2015-2019.