Uninterruptible Power Supply Market to Expand by 12 Percent in 2011, with Strong Growth Ahead
Expansion of the worldwide uninterruptible power supply (UPS) market is driven by the growing need to protect sensitive electronic devices from grid power quality instability as well as by the decreasing acceptance of downtime. In addition, more IT infrastructure is moving into the data center with higher standards for computing and data storage reliability and protection.
According to a new report from Pike Research, these trends, along with significant growth in emerging economies, will cause the global UPS market to expand from $7.2 billion in 2010 to $8.2 billion in 2011, a growth rate of 12.2 percent. The cleantech market intelligence firm forecasts that the market will grow to $13.2 billion by 2015.