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Strong Demand for UPS as Industries in Europe are Losing €150 Billion due to Power Issues Finds Frost & Sullivan - Customised and specialised systems will account for a large proportion of investments - PowerSupplies.Frost.com
Strong Demand for UPS as Industries in Europe are Losing €150 Billion due to Power Issues Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2015/04/21 - Customised and specialised systems will account for a large proportion of investments - PowerSupplies.Frost.com.

   
 
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End-user industries are increasingly investing in industrial uninterruptible power supply (UPS) systems to minimise productivity losses and threats to plant safety due to power interruption. Annual productivity losses on account of power quality issues are costing end user industries in Europe €150 billion and those in the US $188 billion. The need for industrial UPS systems in these regions is on the rise. By 2018, the mature US and European markets will contribute to 45 percent of market revenues, while Asia-Pacific will hold 26 percent of the revenue share.

New analysis from Frost & Sullivan, Global Industrial UPS Market, finds that the market earned revenues of $1.13 billion in 2014 and estimates this to reach $1.38 billion in 2018. The study covers single and three phase industrial UPS systems.

“The growth in niche industrial applications is pushing end users to employ high-end industrial UPS systems,” said Frost & Sullivan Energy & Environmental Senior Industry Analyst Gautham Gnanajothi. “As niche segments have specific requirements, customised and specialised UPS systems will account for a large proportion of investments made in this space.”

However, the low replacement rate of industrial UPS systems, which are built to deal with dust and extreme conditions, will decrease market revenues. As the average life expectancy of industrial-grade UPS systems is around 20 to 30 years, nearly twice the lifetime of a standard commercial UPS system, replacement demand will remain low globally.

Further, the limited scope for product or technology innovation due to the maturity of UPS technology will hamper market progress. Nevertheless, with industrial end users showing interest in modular UPS systems, developing such products will catalyse demand.

“Manufacturers need to introduce energy-efficient UPS systems with additional features,” pointed out Gnanajothi. “They should also enhance their customisation capabilities to strengthen their appeal to customers in various market segments.”

Global Industrial UPS Market is part of the Power Supplies & Batteries (powersupplies.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Ultracapacitor Market, Global Medical Battery Market, Global Direct Current Power Systems Market, and Global UPS Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Global Industrial UPS Market / MA31-27

 
 
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Strong Demand for UPS as Industries in Europe are Losing €150 Billion due to Power Issues Finds Frost & Sullivan

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Publisher Contact: Chiara Carella - Frost.com 
+44(0)20 7343 8314 / +44(0)75 3301 7689 (mobile) chiara.carella[.]frost.com
 
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