Green UPS Market Technological Advancements, Growth Opportunity and Forecast 2018-2026
Green UPS (Uninterrupted Power Supply) is an
electrical device, which provides power supply to loads when power supply from
the main station fails. It helps in conserving energy and reducing the carbon
footprint. A single green UPS system can reduce carbon footprint by 3,152
pounds and conserve 2,352 kilowatt-hours of electricity, which is enough to
power a compact fluorescent light bulb for 20 years.
Increasing demand for uninterrupted power
supply
Restriction of hazardous substance (ROHS)
directive adopted by the EU in February 2003 put forth restrictions on the use
of certain hazardous chemicals/substances for the manufacturing of electrical
or electronic products. The green UPS comply with the directive and is
eco-friendly, as they do not involve the use of hazardous chemicals/substances
during its manufacture. Most of the conventional power supply systems cause
harmonic pollution. Harmonic pollution in power systems is caused due to
increased heating of the equipment and conductors as well as misfiring (absence
or fault in one of the four components which initiate ignition, namely – proper
air-fuel mixture, good compression, proper timing, and correct spark) in
variable speed drives, which results in the wastage of power. Moreover, green
UPS reduces power wastage caused by harmonic pollution.
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.
Lack of awareness regarding the advantages of
green UPS is hampering growth of the market
Lack of awareness regarding usage of green UPS
is a major factor hindering growth of the green UPS market. Moreover, strict
rules and regulations regarding manufacturing of green UPS and the raw
materials that can be used are other factors hindering growth of the green UPS
market.
Global Green UPS Market: Regional Analysis
North America and Europe have the largest
market share with respect to the usage of green UPS. North America has been
witnessing growth in the green UPS market over the years, owing to the presence
of large number of data centers and impending plans to build new ones in the
future, as more and more enterprises are migrating from housing their data
centers in-house to outsourcing their data storage to service providers such as
Google and Oracle who have their own data centers across the globe.
Asia Pacific is expected to show growth in the
green UPS market. This is due to the fact that economies in Asia Pacific such
as India and China, where consumers are concerned towards adopting eco-friendly
energy saving products in addition to government initiatives (such as subsidies
for purchasing and installing such services) are encouraging the use of such
products. Furthermore, government supported initiatives such as ‘Make in India’
and ‘Digital India’ are also helping in growth of the green UPS market, owing
to increasing manufacturing of electronics and electrical hardware and
increasing use of electronics. For instance, according to a report by the
Ministry of Electronics and Information Technology (MEITY), in India, the
demand for electronics is projected to increase from about US$ 45 billion in
2009 to US$ 400 billion by 2020. The Government of India is also taking
initiatives to move all of its Government Services to the cloud and this is
expected to increase the need of a robust IT network involving data centers.
For instance, in an effort to stabilize the digital ecosystem of the country
and keeping in mind, India’s emergence as a biggest consumer of data, the
Government of India in association with the National informatics Center (NIC)
announced in June 2018 that it was setting up the country’s fifth and the
largest data center in Bhopal, the capital of Madhya Pradesh. Such initiatives
are expected to boost growth of the green UPS market.
Browse Complete Report @ https://www.coherentmarketinsights.com/ongoing-insight/green-ups-market-2101
Global Green UPS Market: Competitive Landscape
Key players operating in the green UPS market
include Cyber Power Systems Inc., Emerson Network Power Inc., Eaton Corporation
PLC, Falcon Electric Co., General Electric Co., Numeric Power Systems, Rittal
Corporation, Smart Power Systems, Socomec, Tech Data Corporation, and Tripp
Lite.
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