Global UPS Market 2020-2024 | Evolving Opportunities With ABB Ltd. and EnerSys | Technavio

ELMHURST, Ill. - Jan. 8, 2020 - PRLog -- The global UPS market since 2018 and the market is poised to grow by USD 5.71 billion during 2020-2024 at a CAGR of almost 5% during the forecast period. The growth in data center infrastructure and growing use of lithium-ion batteries in UPS systems is anticipated to boost the growth of the market.

Data centers provide a wide range of services such as cloud computing and data storage. As a result, they are emerging as an invaluable asset for organizations of all sizes and industries. In addition, data center operators are significantly increasing their data center infrastructure investments due to the continuous addition of new service model offerings and growing customer base. This is increasing the demand for UPS in data centers as they are necessary to ensure an unaffected and continuous supply of power to all computing devices such as routers and servers. Thus, growth in data center infrastructure is expected to drive market growth during the forecast period.

Major Five UPS Market Companies:

ABB Ltd.
ABB Ltd. is headquartered in Switzerland and operates the business under various segments such as Electrification Products, Industrial Automation, and Robotics and Motion. The company offers Single-phase UPS, Three-phase UPS, Medium voltage UPS, Industrial UPS, and UPS-Flywheel.

Ablerex Electronics Co. Ltd.
Ablerex Electronics Co. Ltd. is headquartered in Taiwan and offers products through the following business units: First Business Division, Second Business Division, Technical Services Division, and Energy Division. The company offers Three Phase UPS, Single Phase On-Line UPS, and Line-interactive.

Eaton Corp. Plc
Eaton Corp. Plc is headquartered in Ireland and operates under various business segments, namely Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and Vehicle. The company offers single-phase, split-phase, and three-phase UPS.

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UPS Application Outlook (Revenue, USD Million, 2020-2024)
• Non-residential
• Residential

UPS Regional Outlook (Revenue, USD Million, 2020-2024)
• APAC
• Europe
• MEA
• North America
• South America

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