Fast Market Research announces the availability of Technavio's new report "Global UPS Services Market 2015-2019" on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/10/2015 -- In the event of a power outage, a UPS system is used to power infrastructure until a generator takes control of the system. UPS are generally used for a short period of time from few seconds to minutes. They are triggered automatically when the power supply is interrupted between the mains and the equipment. UPS systems not only provide power backup during an emergency but also play a vital role in power regulation. Electrical devices connected to UPS systems are usually mission critical in nature and cannot be shut down unexpectedly; hence, UPS services are of utmost importance. Timely and proper maintenance of the UPS system ensures overall system reliability and optimum operation.
Technavio's analysts forecast the global UPS services market to grow at a CAGR of 9.3% during 2014-2019.
Get More Details on this Report and a Full Table of Contents at Global UPS Services Market 2015-2019
Commenting on the report, an analyst from Technavio's team said: "Recent technological advancements pertaining to the development of innovative UPS systems is a trend observed in this market. The technological advancements in UPS systems will enable users to overcome issues related to power outages. Quick charging technology enables fast recharging of batteries in areas prone to frequent power cuts."
According to the report, one driver that augments growth in this market is the growing number of data centers. An increase in data center applications is the major factor contributing to the growing use of UPS in the ITES segment. The rapid increase in consumer data consumption is driven by reliable and robust UPS systems used in the ITES industry.
Further, the report states that the availability of counterfeit products is a major challenge faced by this market. Like other products, the UPS market too has its share of gray operators. Most of the local manufacturers in South Asian countries replicate the designs and technology of big manufacturers.
The key players in the Global UPS Services Market are Active Power, Eaton, Emerson Electric, Schneider Electric, and Toshiba. while other prominent vendors include DC Group, Electronic Environments Corporation, Systat, and GE Industrial Services.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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