In the recently released multi-volume study entitled “The 2002 Power Protection Market Intelligence Program," Venture Development Corporation (VDC) concluded that the combined consumption of North American and European less than 5kVA battery powered UPS will increase from $1.53 billion in 2001 to $1.85 billion by 2003, or approximately 3.9% per year.
This growth will be driven by increasing awareness among end-users of the need for power protection in an every growing set of vertical market applications as well as greater functionality and more features being included in communications equipment of all types worldwide. As voice data networks converge and the quantity and sensitivity of information being passed through electronic media increases, the consequences of potential failures from lack of power protection will become too costly to ignore.
Deregulation, grid reliability, and power quality issues are beginning to affect the bottom line of companies in a variety of industries worldwide. As these companies realize the benefits and opportunity costs of power protection and slowly recover from a recessed economy, they will create demand for the battery powered UPS market.
