Uninterruptible power supplies are selling again.
After healthy revenue growth of 8.3% last year, after the downturn of 2009, market watcher IMS Research is predicting further good growth this year.
The two fastest growing markets in 2010, China and India may ease a little as pent up demand is met and the economies return to more sustainable growth, says IMS Research.
"Still, Asia's and Latin America's UPS markets are forecast to grow faster than the world's five-year annual average of 7.4%, and to play a major part in reaching the $10bn dollar mark by 2015," said IMS.
"Since China and India began leading the recovery in 2009, it is no wonder why 2010 was such a great year for Asia's UPS revenues," explains IMS Research market analyst, Lori Lewis.
"Latin America has a lot of potential in the upcoming years. Even after seeing the tremendous upswing of over 20% revenues in 2010, the region will continue seeing high growth compared with the rest of the world," said Lewis.
Europe and the US continue to be slowest in their recovery from the recession.
"Stimulus money ran out before these markets had a chance to fully recover; so spending is still tight and fears continue over a possible double- dip recession" said Lewis.
IMS Research report "The World Market for Uninterruptible Power Supplies - 2011"
