Global UPS Market is expected to grow at a robust CAGR
Global UPS
Market is expected to grow owing to a rise in demand for reliable power
solutions and increase in demand for cloud usage throughout the forecast
period.
According to
TechSci Research report, “UPS
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast
2018-2028”, the Global UPS Market is expected to register robust growth during the
forecast period owing to growth of the IT market is a key driver for the global
uninterruptible power supply (UPS) market. Additionally, the advantages
associated with UPS usage, such as minimizing losses to electrical components
and appliances, and preserving data on servers, play a crucial role in driving
the demand for UPS. Recognizing these systems as essential power backup devices
that enhance work efficiency is gaining popularity. Moreover, the availability
of data center rack solutions and advancements in technology are expected to
further fuel market growth. As emerging economies like China, India, and Japan
witness significant industrial growth, the need for reliable power solutions is
anticipated to drive the UPS market's expansion.
Energy
efficiency is a primary focal point in the UPS market as organizations strive
to minimize operational expenses and mitigate their environmental footprint.
UPS manufacturers are actively developing energy-efficient products,
incorporating advanced features such as eco-mode and high-efficiency modes to
optimize power consumption. Efficient UPS systems not only result in reduced
electricity costs but also contribute to decreased cooling demands in data
centers, rendering them highly appealing to customers.
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The Global UPS
Market is segmented based on capacity, technology, power consumption, and region.
Based on capacity, the market is bifurcated into less than 10 kva, 10-100 kva
and above 100 kva. Based on technology, the market is bifurcated into standby
ups system, online ups system and line-interactive ups system. Based on power
consumption, the market is bifurcated into data centers, telecommunications,
healthcare, industrial and others. Based on region, the market is further
bifurcated into North America, Asia-Pacific, Europe, South America, Middle East
& Africa.
Based on capacity, Above 100 kva segment is
expected to dominate the market during the forecast period. UPS systems in this
power range are specifically designed for large-scale industrial applications,
critical data centers, and infrastructure projects, among others. These
scenarios demand high power capacity and reliable backup solutions. With the
exponential growth of data storage and cloud services, data centers now require
UPS solutions with capacities well above 100 kVA. This ensures uninterrupted
power supply and offers protection for mission-critical servers, storage
systems, and networking equipment.
Industries with
large-scale automation and high-power machinery heavily rely on UPS systems
above 100 kVA to prevent production downtime and safeguard equipment during
power fluctuations. Sectors such as petrochemicals, manufacturing, and heavy
engineering utilize these UPS systems to ensure smooth operations and protect
critical processes. In the renewable energy sector, above 100 kVA UPS systems
play a vital role in grid stabilization and power quality improvement. These
UPS solutions effectively manage fluctuations in power generation from
renewable sources, ensuring stable grid operation.
Based on technology,
Online UPS System segment is projected to dominate the market throughout the
forecast period. Online UPS systems provide a continuous and reliable power
supply by constantly converting AC power to DC and then back to AC, ensuring
uninterrupted power transfer to connected devices even during power
disruptions. One of the key advantages of Online UPS systems is their high
reliability and zero transfer time. The continuous double-conversion technology
employed in Online UPS ensures that the load is always powered by the inverter,
offering protection against power fluctuations, surges, and sags. This zero
transfer time feature makes Online UPS ideal for critical applications, such as
data centers, where even the slightest interruption in power can result in data
loss or system failure. Industries that rely on automation and precision
control, such as manufacturing, pharmaceuticals, and food processing, utilize
Online UPS systems to safeguard critical process control systems and prevent
production downtime. Online UPS ensures that these industries maintain stable
operations and protect sensitive equipment during power disturbances.
Key market
players in the Global UPS Market are:-
- Riello Elettronica SpA
- EATON Corporation PLC
- Emerson Electric Co.
- Delta Electronics Inc.
- ABB Ltd
- Schneider Electric SE
- Hitachi Ltd
- Mitsubishi Electric Corporation
- General Electric Company
- Cyber Power Systems Inc.
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“The Asia-Pacific
region is host to some of the largest and rapidly expanding telecommunications
markets worldwide. The rise of smartphones, mobile data, and high-speed
internet has significantly increased the need for UPS systems in the region's
telecommunications infrastructure. Furthermore, the thriving e-commerce
industry in Asia-Pacific has propelled the adoption of UPS solutions, ensuring
dependable operations and customer satisfaction.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“UPS Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, Segmented By Capacity
(Less than 10 kVA, 10-100 kVA and Above 100 kVA), By Technology (Standby UPS
System, Online UPS System and Line-interactive UPS System), By Power
Consumption (Data Centers, Telecommunications, Healthcare, Industrial and
Others), By Region,”
has evaluated the future growth potential of Global UPS Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global UPS Market.
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