MarketResearchReports.Biz has announced addition of new report "Global Modular UPS Market 2016-2020" to its database.
An overview of the global modular UPS market
Technavios research analyst predicts the global modular UPS market to grow steadily at a CAGR of over 10% during the forecast period. Increased demand for data center applications, especially in the BFSI, telecom, and IT sector is the driving force of the modular UPS market. These industries use data centers to secure data, save power, and leverage the benefits of centralized control system operations. Also, rising Internet penetration and computer applications across organizations have triggered demand for system efficiency, thus increasing the popularity of data centers. As a result, these factors favor the growth of the modular UPS market.
Another significant factor driving the growth of the modular UPS market is the need for uninterrupted power supply. Advances in technology and developments in business processes have increased the adoption of electronic devices and computer systems for commercial and industrial purposes. Modular UPS systems enable uninterrupted power supply to these devices, thus preventing loss of data and productivity. Therefore, the need for constant power supplies will play a vital role in boosting the modular UPS market during the forecast period.
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End-user segmentation and analysis of the modular UPS market
The rapid expansion of data center facilities worldwide has led to its dominance in the global modular UPS market during 2015. Factors such as a rise in the number of Internet users and cloud computing facilities are leading to the adoption of modular UPS in data centers. The rise in computing applications has increased the generation of digital content in enterprises, which resulted in the demand for data centers for safely storing the high volume of data generated.
Geographical segmentation and analysis of the modular UPS market
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The Americas accounted for almost 38% of the market share during 2015, wherein the US was the highest revenue contributor owing to rise in demand for data center constructions in the country. The rapid development of data center infrastructure in the Americas coupled with the increase in capacity boosts the need for modular UPS systems in the region.
Competitive landscape and key vendors
The global modular UPS market is highly diverse with many international and domestic players providing cost-effective modular UPS with limited features and functionalities. The market is also witnessing the entry of many small and medium-sized vendors to provide UPS solutions for data center, telecom, BFSI, ICT, and other applications such as power backup facilities, thereby, increasing the competition in the market.