The global demand for energy is increasing at rapid pace, majorly fueled by emerging economies coupled with overall global economic growth. These are the major factors boosting the demand for clean and reliable power sources.
Key companies included in the global market study are ABB, AEG, Ametek, Benning Power Electronic, Borri, Delta Greentech, EATON, Emerson, Falcon Electric, General Electric, S&C, Schneider-Electric and Socomec among others. Suppliers are adopting various competitive strategies to differentiate themselves and to improve their shareholding for OEMs and industrial end-users. The industrial UPS market is analyzed to be highly competitive in nature and witnessing a high demand, owing to various advantages of industrial UPSs for different applications.
Growth of Automotive and Manufacturing Industry is a key trend influencing the overall market growth
Growing automation process is the automotive other manufacturing industries is expected to propel the demand for Industrial UPS at rapid pace. UPS solution helps to avoid costly downtime in automated systems. With technological advancements in lead-acid and lithium-ion batteries are further fueling the demand of industrial UPSs. If built in integration with Li-ion batteries, it takes up less than 1/3rd of the space with weight reduction of around 65%. Hence, this ensures more flexibility in terms of space, weight and other key properties.
The global industrial UPS market growth is driven by increasing application of industrial UPS in diverse sectors such as energy, telecommunications, manufacturing, government, banking, financial services and insurance (BFSI) and IT and IT-enabled services (ITeS). Moreover, growth in demand for high-end UPS is supported on the basis of increasing installations in industrial configurations of high-end electronic equipment and machinery. Growth of IT/ITES sector penetration in the Tier-II cities of major countries will further fuel the demand for industrial UPS systems in the upcoming period.
Regional Overview of the Global Industrial UPS Market
The global industrial UPS market is segmented on the basis of various regions; and as per the regional studies, the APAC Industrial UPS market will offer various lucrative opportunities for the market vendors. The major involvement of regional government in industrial development would have a direct effect on the growth of the industrial UPS market in APAC region with key contribution from China and Japan.
Segmentation Overview of the Global Industrial UPS Market
The global industrial UPS market is segmented on the basis of types, applications and region. These categories
On the basis of types, the Industrial UPS market is primarily split into:
- DC Industrial UPS
- AC Industrial UPS
On the basis of applications, the Industrial UPS market is primarily split into:
- Petroleum Industry
- Chemical Industry
- Electric Power Industry
- Light Industry
Based on region, the Industrial UPS market is segmented into:
- North America
- The U.S.
- The U.K.
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & NZ
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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