18 March 2004 – According to a recent report by Venture Development Corporation, the European market for over 20 KVA uninterruptible power supplies (UPS) did not recover as well as the North American market between 2002 and 2003.
The “2003 Power Protection Market Intelligence Program – Volume IV: Europe Over 20 KVA Battery UPS,” report said that of the top five European regions, only two demonstrated positive compound annual growth rates (CAGR) between 2002 and 2003:
1. UK/Ireland 0.2 per cent CAGR
2. Germany 0.4 per cent CAGR
3. France 8.6 per cent CAGR
4. Italy 0.2 per cent CAGR
5. Eastern Europe 8.2 per cent CAGR
However, the report forecasts that consumption in all European markets will begin to show positive growth within the next year. Growing the overall over 20KVA battery UPS market by 5.6 per cent by 2006.