Industrial Uninterrupted Power Supply Market by Products (Online-double Conversion, Offline/Standby, and Line-interactive), Applications (Chemical Industry, Transport Infrastructure, Electric Power Industry, and Petroleum Industry), And Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Trends, Share, Size, And Forecast 2021–2028
The global industrial uninterrupted power supply market is estimated to reach USD 17.02 billion by 2028, expanding at a CAGR of 8.06% during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for smooth power supply across other manufacturing industries.
Industrial uninterrupted power supply (UPS) is an electronic gadget used for providing a smooth flow of power supply and acting as the power backup to various industrial appliances or equipment in case of any failure of external power supply. The device ensures to provide a nonstop supply of power since it automatically detects the power failure and starts supplying power that is stored in its batteries. However, the Industrial UPS cannot be used as the main source of power supply for several industrial applications as they are only designed for emergency use or as a backup power supply only.
Market Drivers, Restraints, Trends, and Opportunities
- Increasing adoption of services such as online services, mobile computing, and remote access services across several manufacturing industries are predicted to help expand the market growth.
- Rising installing of the industrial UPS to avoid interruption of power supply during business operations across industries is expected to fuel the market expansion.
- Growing demand for the UPS from the distributed energy generation industry is likely to expand the market growth.
- Technological advancement in the development of industrial UPS and production of innovative device are anticipated to boost the market growth in the coming years.
- Lack of long-life battery and high cost of its replacement are expected to hinder the market growth during the analysis period.
- Ongoing research and developments by key market players are presenting numerous opportunities for the expansion of market.
Scope of the Report
The report on the global industrial uninterrupted power supply market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
Attributes |
Details |
Report Title |
Industrial Uninterrupted Power Supply Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Products (Online-double Conversion, Offline/Standby, and Line-interactive), Applications (Chemical Industry, Transport Infrastructure, Electric Power Industry, and Petroleum Industry) |
Regional Scope |
Asia Pacific, Latin America, Europe, North America, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
EATON, ABB, AEG, Ametek, Benning Power Electronic, Borri, Delta Greentech, Emerson, Falcon Electric, General Electric, S&C, Schneider-Electric, Socomec, and Toshiba |
Global Industrial Uninterrupted Power Supply Market Segment Insights
On the basis of products, the market is divided into online-double conversion, offline/standby, and line-interactive. The online-double conversion segment is likely to expand at an impressive CAGR rate in the analysis period since this UPS system can manage and monitor energy supply with the help of its innovative technology. On the other hand, the line-interactive segment is projected to exhibit substantial growth as UPS uses automatic voltage regulation (AVR) that allows to provide a streamline voltage flow without switching to the battery. It requires less capital investment due to its low operating cost as compared to online-double conversion UPS, which presents a main factor boosting the segment growth. On the other hand, the offline/standby segment is expected to grow at a healthy rate in the coming years as this UPS type has a higher efficiency and simpler internal controls than online UPS.
Based on applications, the global industrial uninterrupted power supply market is segmented into chemical industry, transport infrastructure, electric power industry, and petroleum industry. The transport infrastructure segment is anticipated to witness a robust CAGR owing to the wide adoption of the industrial UPS in railways and metros. Meanwhile, the petroleum industry segment is projected to expand at a considerable CAGR rate due to the extensive detection of crude oil wells in the United States and several countries of Middle East.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America held a dominated market share in 2018 due to the rising adoption of green energy and high adoption of the UPS for various devices associated with the industry especially in the United States. The market in Middle East is predicted to expand at an impressive CAGR rate due to the steady implementation of the UPS in the petroleum industry. Meanwhile, the market in Asia Pacific is expected to constitute a key market share due to the rapid modernization and industrialization in this region.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Uninterrupted Power Supply Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Uninterrupted Power Supply Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Uninterrupted Power Supply Market - Supply Chain
4.5. Global Industrial Uninterrupted Power Supply Market Forecast
4.5.1. Industrial Uninterrupted Power Supply Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Uninterrupted Power Supply Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Industrial Uninterrupted Power Supply Market Absolute $ Opportunity
5. Global Industrial Uninterrupted Power Supply Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Applications
5.3.1. Chemical Industry
5.3.2. Transport Infrastructure
5.3.3. Electric Power Industry
5.3.4. Petroleum Industry
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Industrial Uninterrupted Power Supply Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Industrial Uninterrupted Power Supply Demand Share Forecast, 2019-2026
7. North America Industrial Uninterrupted Power Supply Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Applications
7.4.1. Chemical Industry
7.4.2. Transport Infrastructure
7.4.3. Electric Power Industry
7.4.4. Petroleum Industry
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Industrial Uninterrupted Power Supply Demand Share Forecast, 2019-2026
8. Latin America Industrial Uninterrupted Power Supply Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Applications
8.4.1. Chemical Industry
8.4.2. Transport Infrastructure
8.4.3. Electric Power Industry
8.4.4. Petroleum Industry
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Industrial Uninterrupted Power Supply Demand Share Forecast, 2019-2026
9. Europe Industrial Uninterrupted Power Supply Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Applications
9.4.1. Chemical Industry
9.4.2. Transport Infrastructure
9.4.3. Electric Power Industry
9.4.4. Petroleum Industry
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Industrial Uninterrupted Power Supply Demand Share Forecast, 2019-2026
10. Asia Pacific Industrial Uninterrupted Power Supply Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Applications
10.4.1. Chemical Industry
10.4.2. Transport Infrastructure
10.4.3. Electric Power Industry
10.4.4. Petroleum Industry
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Industrial Uninterrupted Power Supply Demand Share Forecast, 2019-2026
11. Middle East & Africa Industrial Uninterrupted Power Supply Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Industrial Uninterrupted Power Supply Market Size and Volume Forecast by Applications
11.4.1. Chemical Industry
11.4.2. Transport Infrastructure
11.4.3. Electric Power Industry
11.4.4. Petroleum Industry
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Industrial Uninterrupted Power Supply Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Industrial Uninterrupted Power Supply Market: Market Share Analysis
12.2. Industrial Uninterrupted Power Supply Distributors and Customers
12.3. Industrial Uninterrupted Power Supply Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. EATON
12.4.2. ABB
12.4.3. AEG
12.4.4. Ametek
12.4.5. Benning Power Electronic
12.4.6. Borri
12.4.7. Delta Greentech
12.4.8. Emerson
12.4.9. Falcon Electric
12.4.10. General Electric
12.4.11. S&C