In­dus­trial UPS Mar­ket set for 11% up­surge

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Ac­cord­ing to Tech­navio, the Global in­dus­trial UPS mar­ket is set to wit­ness an 11% up­surge in terms of rev­enue over the pe­riod 2014-2019. Key play­ers 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. Tech­navio an­a­lysts say en­vi­ron­men­tal sus­tain­abil­ity is boost­ing mar­ket growth. They add that although lead-acid bat­ter­ies are in­creas­ingly used in UPSS, they prove to be haz­ardous to the en­vi­ron­ment if not disposed of prop­erly. The grow­ing con­cern on en­vi­ron­men­tal sus­tain­abil­ity is mo­ti­vat­ing UPS man­u­fac­tur­ers to adopt fly­wheel tech­nol­ogy and elim­i­nate the use of lead-acid bat­ter­ies. Even though their cap­i­tal cost is higher com­pared to tra­di­tional UPSS, they have high life­time value, re­duc­ing the need for bat­tery re­place­ment and main­te­nance. The re­port states the global in­dus­trial UPS mar­ket is rel­a­tively con­ser­va­tive and at its ma­tu­rity.

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