Market forecasters predict a surge in the UPS market following revelations the industry loses around €150billion in Europe, and the U.S €188 billion due to power failures.
According to Frost & Sullivan’s analysis, mature American and European markets will make up 45% of the UPS market revenues by 2018, while the Asia-Pacific will contribute 26% of the revenue.
Analysis of the global industrial UPS market reveals market earned revenues for 2014 at $1.13 billion, and estimates that this will reach $1.38 billion in 2018.
However, the market researchers also point out that the replacement rate for industrial UPS systems is fairly low, as they are built to last 20-30 years, the replacement demand will remain low globally and decrease the market revenue.
"Manufacturers need to introduce energy-efficient UPS systems with additional features," said Frost & Sullivan Energy & Environmental Senior Industry Analyst Gautham Gnanajothi. "They should also enhance their customisation capabilities to strengthen their appeal to customers in various market segments."