Backup Solutions

The market for uninterruptible power supply (UPS) is expected to witness a positive growth trajectory in the coming years on account of rising base of connected consumers, rise in content growth and proliferation of digital devices are some of the factors positively affecting the growth of the market at present. Further, old data has become extremely valuable for companies, thus creating the need for additional storage. Power failures are costly regardless of the duration, resulting in considerable data loss. Power loss occurring for more than one second causes events that can keep the IT equipment occupied for several hours. According to Insights and Reports, in 2017, countries such as Norway, Singapore, Switzerland, France, Hong Kong, Denmark, Netherlands, Iceland and the U.K. had the best quality power supply with an index score of more than 6.5.

However, developing countries such as India, China and Brazil among others are more susceptible to power outages on a regular basis, which has stirred the demand for UPS installation in data centers for smooth functionality. China and U.S. are the two countries with the highest consumption of electricity. North America is expected to continue dominating the UPS market in the coming years. However, developing countries in Asia Pacific such as India and China among others are expected to witness the fastest growth during the forecast period. Prominent vendors in the UPS industry include General Electric, Toshiba Corporation, Belkin International Inc., Clary Corporation and various others.

Further, the demand for high capacity power banks in the U.S. is witnessing a staggering growth at present. Rapid demand for smartphones in the country is greatly fuelling the market growth for high capacity power banks in the country. In 2017, more than 70% of the population in the U.S. were reported to own a smartphone. Further, the number of smartphone users in the U.S. is expected to cross the 250 million mark by the end of 2021, which would be equivalent roughly 13% of the worldwide smartphone users. In addition, the revenue of the smartphone industry was valued at US$ 53.4 billion in 2015. High demand for smartphones in the country has created the demand for external back up power solutions, thereby fuelling market growth of high capacity power banks. Notable players in this industry include INTERCO GmbH, Lenmar Enterprises, EC Technology and Charles Industries among others.

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