The Worldwide Uninterrupted Power Supply System Industry is Expected to Reach $9.4 Billion by 2026 at a CAGR of 4.3% from 2020
Dublin, March 30, 2021 (GLOBE NEWSWIRE) — The “Uninterrupted Power Supply System Market by Type, Rating and End User: Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering. The global uninterrupted power supply market was valued at $7.4 billion in 2019, and is projected to reach $9.4 billion by 2027, growing at a CAGR of 4.3% from 2020 to 2027.Uninterrupted power supply is battery backup system, which is used as immediate power source for the connected load during any failure in the main input power source. This is used as temporary power supply to ensure orderly shutdown of electrical appliances. Uninterrupted power supply used with hardware systems can help to prevent serious damage in the hardware during frequent power loss. UPS is widely used in different sectors including data centers, industries, telecommunications, and hospitals.The market is driven by increase in need for reliable and high quality energy solutions for different industries including data centers, telecommunication etc. UPS allow business organizations to run facilitates under power shortage. In addition, the growing population and frequent power failures for both commercial and residential sectors will positively impact the market growth. Furthermore, emerging economies, such as China, India, and Japan are actively investing in uninterrupted power supply market which will further impact the market scenario. However, the high cost of online UPS and high maintenance cost of UPS system may impede the market growth in residential sector. Nonetheless, advancements in UPS battery systems, such as new Lithium-ion (Li-ion) batteries with high operating temperature will create lucrative opportunities in the market.The global uninterrupted power supply market is segmented on the basis of type, rating, and end user. On the basis of type, it is divided into online, offline and line interactive. The offline UPS systems accounted for significant market share, owing to significant demand in small scale and medium scale applications for computers, printers, or scanners Based on rating, it is categorized into (< 5KVA, 5-< 50 KVA, 50-200 KVA, and >200 KVA. The >200 KVA rating UPS system accounted for significant revenue share. This is attributed to growing application in commercial and industrial end-user segments for various heavy appliances. Based on end user, it is segmented into residential, industrial, and commercial. Industrial sector accounted for highest market share, owing to rise in demand for reliable energy solutions. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, with country level analysis of each region.Major players have adopted product launch and agreements to sustain the intense market competition. For instance, in March 2019, Eaton Corporation launched Eaton 5P UPS system which can be used as a tower UPS, wall mount UPS, and rackmount UPS. This product launch enhanced company’s market presence in IT and data center reducing the maintenance cost. The key players profiled in the report include Schneider Electric Se, Abb Ltd., Soro Electronics, Luminous power technologies, MicROTEK, Delta Electronics Inc, Emersion Electric Co., and Huawei Technologies Co., Ltd.COVID-19 scenario analysis: The global uninterrupted power supply market witnessed significant surge in demand during this pandemic period. This is attributed to social distancing and work from home norms, which increased the demand in residential end-user segment.In addition, large number of power plants and substations were operating with limited workforce, which led to frequent power loss.Such power shortage during this pandemic led to increase in demand for UPS systems for residential as well as industrial sectors.However, due to restrictions on cross border export and import, the UPS supply chain have been negatively affectedMoreover, the delay in upstream and downstream channels lead to increase in the inventory carrying cost. Key Benefits for Stakeholders: The global uninterrupted power supply market analysis covers in-depth information of major industry participants.Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.Major countries have been mapped according to their individual revenue contribution to the regional market.The report provides in-depth analysis of the global uninterrupted power supply market for the period 2020-2027.The report outlines the current global uninterrupted power supply market trends and future estimations of the global uninterrupted power supply market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.Key drivers, restraints & opportunities and their detailed impact analysis of the global uninterrupted power supply market are explained in the study. Key Topics Covered: CHAPTER 1: INTRODUCTION1.1. Report description1.2. Key benefits for Stakeholders1.3. Key Market Segments1.4. Research methodology1.4.1. Primary research1.4.2. Secondary research1.4.3. Analyst tools and modelsCHAPTER 2: EXECUTIVE SUMMARY2.1. Key findings of the study2.2. CXO perspectiveCHAPTER 3: MARKET LANDSCAPE3.1. Market definition and scope3.2. Key findings3.2.1. Top investment pockets3.3. Porter’s five forces analysis3.4. Market share analysis & Top player positioning, 20193.4.1. Top player positioning, 20193.5. Market dynamics3.5.1. Drivers184.108.40.206. Increase in demand for reliable power solutions220.127.116.11. Increase in disposable income3.5.2. Restraint18.104.22.168. High maintenance cost of UPS systems3.5.3. Opportunity22.214.171.124. Advancement in UPS battery systems3.6. Impact of Covid-19 Outburst on Uninterrupted Power Supply (UPS) System MarketCHAPTER 4: UNINTERRUPTED POWER SUPPLY (UPS) SYSTEM MARKET, BY TYPE4.1. Overview4.1.1. Market size and forecast4.2. Online4.2.1. Key market trends, growth factors, and opportunities4.2.2. Market size and forecast, by region4.3. Offline4.3.1. Key market trends, growth factors, and opportunities4.3.2. Market size and forecast, by region4.4. Line interactive4.4.1. Key market trends, growth factors, and opportunities4.4.2. Market size and forecast, by regionCHAPTER 5: UNINTERRUPTED POWER SUPPLY (UPS) SYSTEM MARKET, BY RATING5.1. Overview5.1.1. Market size and forecast5.2.< 5 KVA5.2.1. Key market trends, growth factors, and opportunities5.2.2. Market size and forecast, by region5.3.5-< 50 KVA5.3.1. Key market trends, growth factors, and opportunities5.3.2. Market size and forecast, by region5.4.50-200 KVA5.4.1. Key market trends, growth factors, and opportunities5.4.2. Market size and forecast, by region5.5.>200 KVA5.5.1. Key market trends, growth factors, and opportunities5.5.2. Market size and forecast, by regionCHAPTER 6: UNINTERRUPTED POWER SUPPLY (UPS) SYSTEM MARKET, BY RATING6.1. Overview6.1.1. Market size and forecast6.2. Residential6.2.1. Key market trends, growth factors, and opportunities6.2.2. Market size and forecast, by region6.3. Industrial6.3.1. Key market trends, growth factors, and opportunities6.3.2. Market size and forecast, by region6.4. Commercial6.4.1. Key market trends, growth factors, and opportunities6.4.2. Market size and forecast, by regionCHAPTER 7: UNINTERRUPTED POWER SUPPLY (UPS) SYSTEM MARKET, BY REGION7.1. Overview7.2. North America7.3. Europe7.4. Asia-Pacific7.5. LAMEACHAPTER 8: COMPETITIVE LANDSCAPE8.1. Introduction8.2. Product mapping of top 10 players8.3. Competitive Heatmap8.4. Key development8.4.1. Agreement8.4.2. Product LaunchCHAPTER 9: COMPANY PROFILES9.1. Schneider Electric SE9.1.1. Company overview9.1.2. Company Snapshot9.1.3. Operating business segments9.1.4. Product Portfolio9.1.5. Business performance9.1.6. Key strategic moves and developments9.2. ABB Ltd.9.2.1. Company overview9.2.2. Company Snapshot9.2.3. Operating business segments9.2.4. Product portfolio9.2.5. Business performance9.2.6. Key strategic moves and developments9.3. SORO Electronics9.3.1. Company overview9.3.2. Company snapshot9.3.3. Operating business segments9.3.4. Product Portfolio9.4. Luminous Power Technologies9.4.1. Company overview9.4.2. Company snapshot9.4.3. Operating business segments9.4.4. Product Portfolio9.5. Microtek9.5.1. Company overview9.5.2. Company snapshot9.5.3. Operating business segments9.5.4. Product Portfolio9.6. Delta Electronics, Inc.9.6.1. Company overview9.6.2. Company snapshot9.6.3. Operating business segments9.6.4. Product Portfolio9.6.5. Business performance9.7. Emerson Electric Co.9.7.1. Company overview9.7.2. Company snapshot9.7.3. Operating business segments9.7.4. Product portfolio9.7.5. Business performance9.8. Huawei Technologies Co., Ltd.9.8.1. Company overview9.8.2. Company snapshot9.8.3. Operating business segments9.8.4. Product Portfolio9.8.5. Business performance9.8.6. Key strategic moves and developments9.9. Eaton Corporation9.9.1. Company overview9.9.2. Company snapshot9.9.3. Operating business segments9.9.4. Product portfolio9.9.5. Business performance9.9.6. Key strategic moves and developments9.10. Legrand9.10.1. Company overview9.10.2. Company snapshot9.10.3. Operating business segments9.10.4. Product portfolio9.10.5. Business performance9.10.6. Key strategic moves and developmentsFor more information about this report visit https://www.researchandmarkets.com/r/uvq535 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
World Bank sees ‘significant’ inflation risk from high energy prices
Energy Prices are expected to inch up in 2022 after surging more than 80% in 2021, fueling significant near-term risks to global inflation in many developing countries, the World Bank said in its latest Commodity Markets Outlook on Thursday.
The multilateral development bank said energy prices should start to decline in the second half of 2022 as supply constraints ease, with non-energy prices such as agriculture and metals also expected to ease after strong gains in 2021.
“The surge in energy prices poses significant near-term risks to global inflation and, if sustained, could also weigh on growth in energy-importing countries,” said Ayhan Kose, chief economist and director of the World Bank’s Prospects Group, which produces the Outlook report.
“The sharp rebound in commodity prices is turning out to be more pronounced than previously projected. Recent volatility in prices may complicate policy choices as countries recover from last year’s global recession.”
The International Monetary Fund, in a separate blog https://blogs.imf.org/2021/10/21/surging-energy-prices-may-not-ease-until-next-year, said it expected energy prices to revert to “more normal levels” early next year when heating demand ebbs and supplies adjust. But it warned that uncertainty remained high and small demand shocks could trigger fresh price spikes.
The World Bank noted that some commodity prices rose to or exceeded levels in 2021 not seen since a spike a decade earlier.
Natural gas and coal prices, for instance, reached record highs amid supply constraints and rebounding demand for electricity, although they are expected to decline in 2022 as demand eases and supply improves, the bank said.
It warned that further price spikes could occur in the near-term given current low inventories and persistent supply bottlenecks. Other risk factors included extreme weather events, the uneven COVID-19 recovery and the threat of more outbreaks, along with supply-chain disruptions and environmental policies.
Higher food prices were also driving up food-price inflation and raising questions about food security in several developing countries, it said.
The bank projected crude oil prices would reach $74/bbl in 2022, buoyed by strengthening demand from a projected $70/bbl in 2021, before easing to $65/bbl in 2023.
The use of crude oil as a substitute for natural gas presented a major upside risk to the demand outlook, although higher energy prices may start to weigh on global growth.
The bank forecast a 5% drop in metals prices in 2022 after a 48% increase in 2021. It said agricultural prices were expected to decline modestly next year after jumping 22% this year.
It warned that changing weather patterns due to climate change also posed a growing risk to energy markets, potentially affecting both demand and supply.
It said countries could benefit by accelerating installation of renewable energy sources and by cutting their dependency on fossil fuels.
(Reporting by Andrea Shalal; editing by Diane Craft)
U.S. FAA seeks new minimum rest periods for flight attendants between shifts
The Federal Aviation Administration (FAA) is proposing to require flight attendants receive at least 10 hours of rest time between shifts after Congress had directed the action in 2018, according to a document released on Thursday.
Airlines for America, a trade group representing major carriers including American Airlines, Delta Air Lines, United Airlines and others, had previously estimated the rule would cost its members $786 million over 10 years for the 66% of U.S. flight attendants its members employ, resulting from things like unpaid idle time away from home and schedule disruptions.
Aviation unions told the FAA the majority of U.S. flight attendants typically do receive 10 hours of rest from airlines but urged the rule’s quick adoption for safety and security reasons.
Under existing rules, flight attendants get at least 9 hours of rest time but it can be as little as 8 hours in certain circumstances.
“Flight attendants serve hundreds of millions of passengers on close to 10 million flights annually in the United States,” the FAA said, adding that they “perform safety and security functions while on duty in addition to serving customers.”
It cited reports about the “potential for fatigue to be associated with poor performance of safety and security related tasks,” including in 2017, when a flight attendant reported almost causing the gate agent to deploy an emergency exit slide, which was attributed to fatigue and other issues.
The FAA estimated the regulation could prompt the industry to hire another 1,042 flight attendants and cost $118 million annually. If hiring assumptions were cut in half, it said, that would cut estimated costs by over 30%.
After the FAA published an advance notice of the planned rules in 2019, Delta announce it would mandate the 10-hour rest requirement by February 2020.
FAA Administrator Steve Dickson is testifying at a U.S. House Transportation subcommittee hearing on Thursday.
House Transportation Committee chairman Peter DeFazio said on Wednesday that it was “unacceptable” to delay the FAA adopting the flight attendant rest rule and mandating secondary flight deck barriers to better protect the cockpits on all newly manufactured airliners.
Attorneys at the FAA “need a little poke” to move faster on rules when ordered by Congress, DeFazio said on Thursday at the hearing. “Do not screw around with it for three years… you just do it.”
Sara Nelson, president of the Association of Flight Attendants representing 50,000 workers at 17 airlines, said the rule was critical.
“Flight attendant fatigue is real. COVID has only exacerbated the safety gap with long duty days, short night, and combative conditions on planes,” she said. “Congress mandated 10 hours irreducible rest in October 2018, but the prior administration put the rule on a process to kill it.”
During the pandemic, flight attendants have dealt with records numbers of disruptive, occasionally violent passenger incidents, with the FAA citing 4,837 unruly passenger reports, including 3,511 for refusing to wear a mask since Jan. 1.
The FAA proposes to make the new flight attendant rest rules final 30 days after it publishes its final rules.
(Reporting by David Shepardson; editing by Jason Neely and Bill Berkrot)
Bitcoin price hits all-time high, one day after U.S. ETF debut – Global News
The world’s leading cryptocurrency was up 3.30 per cent, trading at US$66,364.72, after reaching a record of US$67,016.50, topping the US$64,895.22 hit on April 14 this year.
Tuesday was the first day of trading for the ProShares Bitcoin Strategy ETF — a development market participants say is likely to drive investment into the digital asset.
The ETF closed up 2.59 per cent at US$41.94 from its opening price of US$40.88 on Tuesday and continued its ascent on Wednesday, last up 3.76 per cent at US$43.52.
The Valkyrie Bitcoin Strategy ETF, expected to debut on the Nasdaq Wednesday, appeared to be delayed after its prospectus was amended in a filing with the Securities and Exchange Commission. A person familiar with the matter said the Nasdaq expects the ETF to launch on Thursday, but that has not been confirmed yet.
El Salvador becomes 1st country to adapt Bitcoin as legal tender
Trading appeared to be dominated by smaller investors and high-frequency trading firms, analysts said, noting the absence of large block trades indicated that institutions were likely staying on the sidelines.
James Quinn, managing partner at Q9 Capital, a Hong Kong-based cryptocurrency private wealth manager, said the launch of the new product was “meaningful” for bitcoin.
Theoretically, any licensed brokerage firm in the United States which wants to take on this ETF can do so as easily as any other ETF, which “should make it available to a lot of folks,” said Quinn.
While the ETF is based on bitcoin futures, Quinn said the trades and hedges underpinning the ETF means activity will flow into the spot market and the bitcoin price.
Crypto ETFs have launched this year in Canada and Europe amid surging interest in digital assets. VanEck is also among fund managers pursuing U.S.-listed ETF products, although Invesco on Monday dropped its plans for a futures-based ETF.
Ether, the world’s No. 2 cryptocurrency, was up 3.63 per cent on the day at US$4,018.75, after hitting a high of US$4,080, nearing its record high of US$4,380 reached on May 12.
© 2021 Reuters
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