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Increasing Awareness Levels among End Users will Drive the Market
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The global uninterruptible power supply (UPS) services market is a mature market with high opportunities for growth over the next five years. The market is witnessing a phase of consolidation, with manufacturers looking for partnerships and alliances outside their geographic region to increase penetration. The service revenues from three-phase UPS systems dominate the overall market, mainly because of the high service costs associated with these systems. The contracts segment is the major source of revenue in the UPS services market. The awareness level among end users is increasing gradually and is the key driver for this segment, which is expected to register a high growth rate over the forecast period.
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