UPS services market grows
Ongoing strength in data center construction means more UPS systems are being installed, and businesses providing outsourced UPS services are going strong according to a recent market report.
Ongoing strength in data center construction means more UPS systems are being installed, and businesses providing outsourced UPS services are going strong according to a recent market report. The market, which earned revenues of $876.3 million in 2007, is projected to reach $1.29 billion by 2014.
The report, “North American UPS Services Markets” from Palo Alto, Calif.-based Frost & Sullivan, said more data center managers are turning to outside resources to manage UPS systems so they can concentrate on overseeing increasingly complex networks.
Researchers found that service providers also are growing their earnings by expanding their service offerings to include the entire physical infrastructure of their clients' facilities, including power distribution units, air handling units, chillers, and other equipment. By compiling all of these services under one roof, some vendors now can market all-in-one packages that address predictive faults, emergency operations, and preventive maintenance.
However, falling margins are encouraging increased industry consolidation, the report notes, with the top four companies in the UPS services field now controlling more than 50% of the market.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey