IMS Research says UPS hardware market to struggle in 2012
July 18, 2012 // Paul Buckley
Market research analyst, IMS Research reports that UPS sales were especially slow in 1Q 2012, resulting in only two percent growth in the global market year-over-year.
After a rather upbeat beginning to 2011 in UPS sales, Western Europe still faced a struggling economy and overly cautious consumers because of the unresolved economic problems of Greece, Spain and Portugal. As a result, the regions sales began dropping off as early as 3Q 2011 and continued to shrink in the first quarter 2012. Single-phase sales fell five percent and the >100 kVA market contracted more than 15 percent year-over-year.
IMS Researchs Senior Analyst Lori Lewis, explained: The ongoing struggle in Western Europe has really forced many in the region to restrain from making any kind of large financial decisions and to suspend purchasing new UPS. Whats even more troubling is that the market doesnt appear to be turning around any time soon without any kind of resolution on the underlying economy. Adding further to the woes of Europe, Middle East and Africa (EMEA), the emerging markets in both Africa and the Middle East, where hopes of UPS market growth were high, also fell short of seeing growth in 2011 over 2010. All news
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