Pune, India -- (SBWire) -- 10/23/2018 --Market Highlights
In this rapidly changing world of technology, modular UPS market is projected to show major growth prospects during the forecast period. Major factor driving the modular UPS market is the increasing adoption of interactive displays in order to enhance customer service experience.
The global modular UPS market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the modular UPS market in Asia Pacific is expected to witness significant growth and hold the largest market share during the forecast period. Japan, India and China are anticipated to drive the growth of modular UPS market in the region. This is owing to the presence of large number of key players like Huawei Technologies in that region. In addition to this, the region comprises of developing countries and has growing economies which has high research and developments going on in order to ensure high implementation of new technologies. Growing demand for data center applications and increasing need for uninterrupted power supply are major factors driving the growth of modular UPS market in the region. Technological advancements are responsible for driving the growth of modular UPS market. Low maintenance costs and effective services are other factors driving the growth of modular ups market in the region.
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Delta Electronics has launched a modular 500kVA UPS with world's highest power per module. Moreover Delta Electronics is expanding its research and development and manufacturing operations in India and is also focusing on developing smart solutions for energy management and automation.
The Modular UPS Market is growing rapidly over 14% of CAGR and is expected to reach at approx. USD 4 Billion by the end of forecast period.
Modular UPS Global Market - Segmentation
The Modular UPS Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Component: By solutions- 10-100 kVA, 101-250 kVA, 251-500 kVA, 501 kVA and above and by services- Integration Services, Professional Services
- Segmentation by Vertical: BFSI, healthcare, manufacturing, IT & telecommunication, media & entertainment, defense.
- Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the world.
Key Players
The prominent players in modular UPS market are – ABB Group (Switzerland), Emerson Electric Co. (U.S.), Eaton Corporation PLC (Ireland), Huawei Technologies Co. Ltd. (China), Schneider Electric SE (France), General Electric (U.S.), Delta Electronics, Inc. (Taiwan), Gamatronic Electronic Industries Ltd. (Israel), Riello Electronica Group (Italy), Tripp Lite (U.S.) among others.
Modular UPS Global Market - Regional Analysis
Asia-Pacific is dominating the Global Modular UPS Market with the largest market share due to the growing service industry in China, India, Singapore and Malaysia. Additionally, the economic development and the growing GDP of Asian countries is majorly contributing to the growth of modular UPS market. In growing countries such as India, and China which is under radar of developing nations holds immense potential for any market and are adopting various policies to promote the technological infrastructure of the country and invite companies to setup their business operation centers. Lack of power supply or high gap in demand and supply limits the industries for the expansion whereas supplement products such as UPSs helps to achieve the desired goals and objectives.
Modular UPS Market in North America market is expected to grow at a substantial CAGR during 2017 to 2023 owing to the heavy developments in cloud computing market and high developments in data centers. The European market for Modular UPS Market is expected to grow at a considerable CAGR (2017-2023) owing to the factors such as high demand for power backup from BFSI industry and healthcare industry.
Industry News
Nov. 2017 -Delta Electronics, Inc., a global leader in power and thermal management solutions, announced the global launch of its 500kVA Modulon DPH series uninterruptible power supply (UPS) that enables advanced control of power module redundancy as well as the ability to add capacity and pay-as-you-grow scalability.
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Intended Audience
- Technology Investors
- Technology Providers
- Research/Consultancy Firms
- Infrastructure Providers
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
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Modular UPS Market Share, Global Trends, Business Strategy, Sales Revenue, Opportunities, Company Profile, Future Plans and Regional Forecast to 2023