(MENAFNEditorial)
Fast Market Research announces the availability of Technavio's new report "Global Residential UPS Market 2015-2019" on their comprehensive research portal.
A UPS is an electrical device that provides instantaneous power backup during a power failure or power outage. The device is used to provide power to negate the power interruptions associated with the main energy such as sags and surges and to filter out unwanted interruptions such as harmonics and electronic interference. UPS is widely used the residential sector and the telecommunication IT oil and gas chemical and food processing industries. Online line-interactive and standalone are the three types of UPS.
Technavio's analysts forecast the global residential UPS market to grow at a CAGR of 6.8% over the period 2014-2019.
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Commenting on the report an analyst from Technavio’s team said: “The residential UPS system caters to the needs of home appliances such as laptops desktop PCs CFLs mobile chargers and modems. Increased availability of portable UPS systems is expected to boost market growth during the forecast period. End-users worldwide prefer smaller UPS systems because these systems require less space. Most of the space can be used by organizations for their core business activities. Portable UPS systems weigh less and cost less compared with large-sized UPS systems. Vendors are manufacturing UPS systems with features like easy installation and compactness to their built-in battery feature. An availability of portable UPS systems is expected to increase in the future where the major vendors are achieving a competitive advantage by manufacturing UPS systems with such features.”
According to the report the residential sector is increasingly dependent on electricity. However owing to increased concerns about emissions from fossil fuel–based energy electricity from green energy smart power grids and alternative energy sources like nuclear power is also finding its way into the homes of consumers which in turn drives the demand for UPS systems. There is increased demand for energy management devices and the need to provide power backup in the event of a power outage in residential houses. UPS systems are mainly used to ensure service continuity and power quality of multiple digital and electronic devices that are increasingly used in households worldwide. In power deficit countries in order to ensure continuous power supply to industries residential consumers will face power cuts during the day time to meet the day time peak load. This is one of the major drivers in the residential UPS market.
Further the report states that the replication of UPS system designs is detrimental to the growth of the residential UPS market.
The key players in the Global Residential UPS Market are Eaton Emerson Electric Schneider Electric and Toshiba while other prominent vendors include GE HBL Power Mitsubishi Electric Riello Siemen Socomec Swelect Energy Systems and TDK
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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