Green UPS Market Gaining Traction Owing to Focus on Energy Conservation
Future Market Insights (FMI) announces the release of its new report, titled, “Green UPS Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. According to the report, adoption of green UPS systems, also known as energy-saving UPS, will witness high growth rates in the next decade.
Organisations around the globe are focusing on reducing their energy wastage, owing to impact it has on driving the operational costs. Corporate social responsibility (CSR) is also prompting organisations to focus on energy efficiency as consumers are showing a preference to engage with companies that have a ‘clean, eco-friendly’ reputation. These factors are majorly responsible for driving the adoption of green UPS.
According to FMI, in addition to North America and Western Europe, adoption of green UPS is also strong in Asia Pacific. Countries, such as China, Japan, and South Korea are the forefront of adoption of green UPS and demand is expected to grow in the future. Green UPS has low ‘Total Cost of Ownership’ owing to which organisations are incorporating it in their system.
Region-wise, North America and Western Europe are the most lucrative markets for green UPS, whereas Asia Pacific is expected to witness robust growth.
The FMI report offers 10-year forecast on the basis of KVA rating, application, and UPS technology.
On the basis of KVA rating, the green UPS market is segmented into,
- Less Than 1 KVA UPS System
- 1 KVA – 5 KVA UPS System
- 5 KVA – 20 KVA UPS System
- 20 KVA – 60 KVA UPS System
- 60 KVA – 200 KVA UPS System
- Above 200 KVA UPS System
Application-wise, the report has segmented the green UPS market into,
- Data Centres
- IT network/infrastructure
- Service sector
On the basis of technology, the key segments include,