Onshore Segment is Expected to Dominate the Europe UPS Market in The Forecast Period
Growing increasing power demand will
boost the European market for UPS in the forecast period.
According to TechSci Research report “Europe
UPS Market - By Country, Competition Forecast & Opportunities, 2018-2028F”,
The Europe Uninterruptible Power Supply (UPS) market is rising through the
forecast period, owing to the growing IT and telecom sector. Further, the surge
in cloud technologies is expected to significantly increase the requirement for
technologically advanced and innovative uninterruptible power supply systems. The
increasing adoption of data center is set to grow greatly because of this
trend, which is predicted to last for the foreseeable future. The increasing demand
of power and renewable energy and the growing awareness of power quality has
surged in the Europe as people become increasingly aware of the risks
associated with imbalances in electric supply capacity. These include voltage
fluctuations, harmonics, and distortions in their waveforms, all of which can
have a detrimental effect to the operations of electronic devices. To mitigate
the effects of such disturbances, UPS systems have become a popular choice for
business and individuals alike by providing voltage regulation, surge
protection, and insulation against power anomalies. Users get a higher quality
of power and better shielding from electrical disturbances.
The Europe Uninterruptible Power Supply
(UPS) market has experienced significant growth with the recognition of the necessity
of reliable backup solutions for uninterrupted operations and protection of
vital equipment. This growth has been driven by industrialization,
urbanization, and digitalization in the region, along with the increasing
awareness of the importance of UPS systems in providing a secure power source. UPS
systems have developed to achieve high efficiency with more compact designs,
better battery energy storage, and enhanced monitoring methods. The use of
technology to communicate with the electric grid enables data centres to make
more informed decisions regarding the quantity and timing of energy use. Moreover,
with the growing recognition of the vital role of UPS systems in providing a
stable power source, the UPS market has seen considerable expansion. UPS
systems are integral in shielding vital infrastructure and equipment from power
outages, voltage irregularities, and power supply quality issues.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Europe UPS Market.”
The Europe UPS Market is divided into
type, rating, organization size, industry vertical, and region. Based on type,
the market is divided into online, offline, and line interactive. Based on
rating, the market is divided into less than 5 kVA, 5.1 kVA - 50 kVA, 50.1 kVA
- 200 kVA and others. Based on organization size, the market is divided into
large enterprises, small & medium enterprise. Based on industry vertical,
the market is divided into BFSI, consumer goods, IT & Telecom,
manufacturing, healthcare, energy & utilities, and others. Based on
country, the market is divided into Germany, United Kingdom, France, Italy,
Spain, and Rest of Europe.
Based on the Type segment, the Online
segment dominates. The industrial and commercial sectors' rising need for
dependable power solutions is anticipated to fuel market expansion. Regardless
of the degree of distortion in the incoming power source, online UPS systems
can deliver a steady and clean power supply. Additionally, an increasing number
of blackouts have the potential to seriously harm the electrical equipment used
in data centers and the telecom sector, which is further fueling the demand for
online uninterrupted power supply systems. Such an uninterrupted power supply
system helps to smooth out raw power fluctuations from unexpected power cuts,
thanks to the two-fold conversion.
Based on the rating, less than 5KVA
segment will dominate the market, and these are used in homes or other
small-scale settings for things like personal computers, tube lights, fans, and
other electrical appliances. The power factor and quantity of loads connected
to the system are used to determine the rating of such UPS systems. For instance,
a typical family uses 2-3 kW of electricity at any one time. The typical UPS
system rating for residential end users is between 3 and 4 kVA. This can
support additional electric loads like lights, refrigerators, and washing
machines.
Major market players in the Europe UPS
Market are: -
- Eaton Corporation
- General Electric Company
- Schneider Electric SE
- Luminous Power Technologies
- Delta Electronics Inc.
- ABB Ltd
- Fuji Electric Co Ltd
- Toshiba International Corporation
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“The market share will be fueled by
elements including growing government measures to promote the use of power
backup systems, expanding consumer awareness of UPS solutions, and rising spending
in the IT & telecom sectors. The Europe UPS Market is seeing steady rise in
demand due to the rising digitalization of processes and infrastructure across
industries, in addition to government measures to raise awareness of UPS
solutions. As businesses increasingly rely on digital technology, they are more
vulnerable to power outages. Additionally, it is projected that the rise of
cloud computing services along with the rising prevalence of server
virtualization would greatly increase demand for UPS in Europe. Due to the
rising need for digital infrastructure across several industries, including IT,
telecom, energy, government, healthcare, automotive, and other vital industries,
the Europe UPS market is anticipated to gain momentum and will propel market
expansion." said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based India management consulting firm.
Europe
UPS Market By
Type (Online, Offline, Line Interactive), By Rating (Less than 5kVA, 5.1 kVA -
50 kVA, 50.1 kVA - 200 kVA, Others), By Organization Size (Large Enterprise,
Small & Medium Enterprise), By Industry Vertical (BFSI, Consumer Goods, IT
& Telecom, Manufacturing, Healthcare, Energy & Utilities, Others), Country,
Competition, Forecast and Opportunities,
2028F has evaluated the future
growth potential of Europe 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 Europe UPS market.
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