The global UPS market size is projected to expand at a substantial CAGR of 8.08% during the forecast period, 2021 to 2028. Global uninterruptible power supply (UPS) is an electrical device that renders emergency power to a load during power failures, keeps computer systems and IT equipment’s operational, safe, and provides battery backup for a specific period of time. UPS provides benefit of immediate protection and shields devices against power interruptions compared to other immediate power supply systems. Depending on the size and technology of the UPS unit, backup power is provided for a short specific period of time until the main power supply can be activated. Majorly used UPS systems are offline, online, and line interactive UPS and are widely used in hospitals, small office, telecommunication centers, and electric point of sales terminals for power backup.
Market Trends, Drivers, Restraints, and Opportunities:
- Rapid industrialization and expansion of urban population is projected to increase need for power supply this is estimated to drive the market.
- Demands for the consumer electronics sector and growing need for scalable and redundant power systems are anticipated to fuel the market.
- Growing investments by hyperscale cloud providers and the proliferation of data centers with a demand for zero power downtime from various sectors is expected to boost the market during forecast period.
- Technical hindrance, surged price of raw materials, and rising price of skilled labor coupled with a slowdown in the semiconductor sector, act as market restraints.
- Data centers have started to move to edge computing to keep the processing and traffic local to cut down latency which may offer robust opportunities to key players in the future.
- The rising trend of internet of things (IoT) and process automation in industries is projected to increase the energy and power requirements during the forecast period.
Scope of the report:
Uninterruptible Power Supply (UPS) Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Capacity (1-20 kVA, 20.1-50 kVA, 50.1-100 kVA, 100.1-200 kVA, 200.1-500 kVA and above 500 kVA), Product Type (Off-line/Standby, Line-interactive and Online/Double-conversion), Application (Telecommunication, Data Center, Medical, Industrial, Marine, and Others), Organization Size (Small, Medium, and Large)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Schneider Electric (France), Eaton Corporation (Ireland), Emerson Electric (US), ABB (Switzerland), Socomec (France), Toshiba Corporation (Japan), Xiamen Kehua Hengsheng Co. Ltd. (China), KStar Corporation (China), East Group (China), and Beijing Dynamic Power Co. Ltd. (China)
The report on global uninterruptible power supply (UPS) market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Global Uninterruptible Power Supply (UPS) Market Segment Insights:
The online/double-conversion segment is projected to hold major market share
Based on product type, the market is segregated into off-line/standby, line-interactive, and online/double-conversion. The online/double-conversion segment is projected to hold major market share during the forecast period. The dual conversion design of online UPS systems isolates the load during main power supply fluctuations. Furthermore, the offline segment is expected to grow at a substantial rate due to increasing use of uninterrupted power supply systems in small and medium scale applications for computers, printers, and scanners.
The 51.1-100 kVA segment is expected to grow at a rapid pace
On the basis of capacity, the market is fragmented into 1-20 kVA, 20.1-50 kVA, 50.1-100 kVA, 100.1-200 kVA, 200.1-500 kVA, and above 500 kVA. The 50.1-100 kVA segment is expected to grow at a rapid pace during the forecast period. Various BFSI service providers, cloud service providers, small and medium-sized data centers, and telecommunication operators employ the modular UPS systems in this range because they enable efficient maintenance, higher scalability, and improved services. These 51–100 kVA solutions offer a variety of benefits, including easy installation and capacity expansion, improved usability, easy maintenance, and on-demand capacity development, while increasing business productivity.
The large enterprises segment is estimated to expand at a high CAGR
Based on enterprise size, the market is segregated into small, medium, and large. The large segment is estimated to expand at a high CAGR during the forecast period. Large organizations are anticipated to benefit from UPS systems that provide continuous power with various power range modules. As a result, huge corporations invest extensively in modern technology in order to boost their total production and efficiency. Increasing demand for convenient services, flexible, and scalable by large enterprises is projected to drive market players to develop novel technologies and solutions.
The industrial segment is projected to expand at a substantial CAGR during the forecast period
In terms of applications, the market is segmented into telecommunication, data center, medical, industrial, marine, and others. The industrial segment is projected to expand at a substantial CAGR during the forecast period due industrial expansion in countries such as China, India, and Japan. UPS is widely utilized for critical process control, like as at a nuclear power plant or an oil rig.
North America is anticipated to dominate the market
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period due to presence of data centers and collocation facilities, as well as technologically advanced countries such as the United States and Canada.
In January 2021- government took highly significant move by signing MoU to make Jammu and Kashmir a power surplus region in uninterruptible power supply market.
December 2020- a comprehensive plan by Punjab State Power Corporation Limited (PSPCL) offering reliable, quality, and uninterrupted power supply (UPS) to consumers of every category for the upcoming season-2021.
Segments Covered in the Report
By Product Types
- 1-20 kVA
- 20.1-50 kVA
- 50.1-100 kVA
- 100.1-200 kVA
- 200.1-500 kVA
- Above 500 kVA
- Data Centre
By Organization Size
- North America
- Asia Pacific
- The Middle East and Africa (MEA)
- Latin America
By Key Players
- Schneider Electric (France)
- Eaton Corporation (Ireland)
- Emerson Electric (US)
- ABB (Switzerland)
- Socomec (France)
- Toshiba Corporation (Japan)
- Xiamen Kehua Hengsheng Co. Ltd. (China)
- KStar Corporation (China)
- East Group (China)
- Beijing Dynamic Power Co. Ltd. (China)
Major players in the UPS market include Schneider Electric (France), Eaton Corporation (Ireland), Emerson Electric (US), ABB (Switzerland), Socomec (France), Toshiba Corporation (Japan), Xiamen Kehua Hengsheng Co. Ltd. (China), KStar Corporation (China), East Group (China), and Beijing Dynamic Power Co. Ltd. (China)
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.