Boulder, Colo. — The global uninterruptible power supply (UPS) market is forecast to grow 12.2 percent in 2011, reaching $8.2 billion, up from $7.2 billion in 2010, according to Pike Research. Growth drivers include increased need to protect sensitive electronic devices from grid power instability, uptime requirements, and higher standards for computing and data storage reliability and protection. Significant growth in emerging economies also will contribute to market growth, said the market research firm.
Pike’s report, Next Generation Uninterruptible Power Supplies, also finds that the UPS market will grow to $13.2 billion by 2015.
“Leading UPS vendors are addressing the evolving needs of the market by focusing on greater efficiency, including more transformerless designs,” stated Clint Wheelock, president, Pike Research. “Advances in battery technology are also benefiting UPS products by reducing cost and floor-space requirements.”
Wheelock expects growth in unit shipments to be higher than revenue growth due to a small decline in average sales value, particularly in the small UPS segment. “The small UPS segment continued to generate the highest revenues in the global UPS market during the first half of 2011, but lost share to the fast-growing large UPS segment,” he added.
The report also finds that a handful of well-financed global manufacturers will increase their lead in almost all major markets. Wheelock noted these manufacturers “are ready to make strategic acquisitions to hold or strengthen their position in key market segments and regions.”
Niche players at the high-end of the market also are experiencing growth as well as Chinese UPS manufacturers.