UPS Systems (uninterruptible power)

Lithium-ion is replacing VRLA batteries; static UPS replacing rotary. Big refresh cycle.

Players

Players: Vertiv VRT, Eaton ETN, Schneider Electric SU.PA, ABB ABB, Mitsubishi Electric 6503.T, Toshiba 6502.T, Piller (Langley Holdings) Private, Hitec Power Protection Private