Markets and Services Overview
Markets
Global Industry Analysts, Inc. recently announced that the global market for standard UPS systems is projected to reach US$14 billion by 2017. As a result, the demand for efficient, qualified service companies is exploding! The customer now has more options for service and their expectations are high. To stay competitive, all UPS service companies now need to simultaneously provide higher levels of customer service while decreasing service costs.
The global modular Uninterruptible Power Supply (UPS) market is expected to grow from USD 1,425.2 Million in 2015 to USD 2.5 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period of 2015–2020. Among regions such as Asia-Pacific, North America, Europe, the Middle East and Africa, and Latin America, Asia-Pacific is forecast to register the highest CAGR from 2015 to 2020. The global modular UPS market is expected to aggressively grow due to the developing markets, such as China, India, Mexico, and Brazil and also due to the increasing number of new data centers and demand for highly energy-efficient power solutions. The major players providing broad solution portfolios and services regarding modular UPS are ABB, Emerson Electric Co., Eaton, Schneider Electric, Huawei Technologies Co., Ltd., and General Electric Systems.
The modular UPS technology proves to be advantageous than the traditional UPS systems in usage as they have the capability of increasing power capacity with increase in requirement. The modular UPS technology improves performance by reducing the complexity and failure of the systems providing high availability and reliability. This technology also lowers the total cost of operations and offers ease of maintainability.
The modular UPS market research report analyses market dynamics, future roadmaps, global trends, competitive landscaping of major players in this market and also provides competitive intelligence and forecasts for the next 5 years. This report further analyses the market drivers, restraints, opportunities, and challenges to access the market potential and outlook for this technology.
Services Overview
Uninterruptible power supplies (UPS) may well be designed to protect devices against power outages and surges, but they can’t do anything to protect the market from its own ups and downs.
The main reason for maintenance contracts is to ensure the reliability and safety of the system. Therefore it is not unexpected that agreements with full continuous maintenance inspections have shown to achieve a high degree of assurance and safety of the equipment.
Another way maintenance contracts improve reliability and security is through improved mid-term to-repair (MTTRs). In emergencies, the industry practice provides preferential response times to customers with agreements. In addition, most service providers store their spare parts by the number of contractually agreed systems and their respective geographic locations.