The report recognizes the following companies as the key players in the Global Industrial UPS Market: ABB, Ametek, Eaton, Emerson Electric and Schneider
Other Prominent Vendors in the market are: AEG, Benning Power Electronic, Borri, Fuji Electric, GE and Mitsubishi Electric
Commenting on the report, an analyst said: “Key players such as Eaton, Emerson Electric, and Schneider Electric are trying to increase their market shares through inorganic growth. A number of M&A and strategic alliances are likely to take place in the market during the forecast period, in order for companies to access untapped markets worldwide. For instance, in 2010, Emerson acquired Chloride Group, a manufacturer of UPSs.”
According to the report, power backups are essential for commercial and industrial setups. It is used in mission-critical applications. Manufacturers, data centers, and financial institutions require a continuous power supply to operate effectively. For instance, data centers are compelled to use UPSs to overcome data loss among businesses. Power backup has become a necessity in the oil and gas, food processing, chemical, and healthcare industries, as they require constant power. Thus, the benefit of investing in UPSs outweighs the loss of revenue caused by power outages.
Further, the report states that the disposal of these batteries is a major issue faced by end-users in this market.
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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Source: ASDReports - Market Research
Date: Sep 7, 2015