GREEN UPS MARKET ANALYSIS

Green Ups MarketSize and Trends

Increasing demand for uninterrupted power supply

Increasing IT sector and number of data centers in the last decade across the globe is driving growth of the green UPS market. For instance, according to a report published by the Department of Commerce of Washington State in January 2018, in 2017, the number of data centers across the globe totaled 8.6 million. IT sector and data centers use green UPS to provide continuous power supply to protect operational data, IT equipment, and to keep cooling systems of equipment, which can be lost due to interrupted power supply. Furthermore, green UPS provides faster speed while switching up (switching between power supply sources from the grid to the UPS and vice-versa) and provides security, which is very useful in protecting computer, electronics and telecommunication equipment from downtime, damage, and data loss, which is caused by interrupted power supply.

Rising urbanization across the globe leading to increasing demand for continuous power supply and growing power deficit resulting in interrupted power supply is driving growth of the green UPS market. Rising standard of living and increasing disposable income also drives the market growth. For instance, according to the report by Bureau of Economic Analysis (BEA), disposable personal income (DPI) in the U.S. increased by US$ 39.8 billion (0.3 %) in April 2018, as compared to 2017. Green UPS reduces operational cost and requires low maintenance cost. Moreover, it requires low power consumption while charging, as compared to conventional UPS system.

Increasing demand for uninterrupted power supply