Report Description

Europe UPS market is anticipated to grow at a steady pace in the forecast period, 2024-2028. An Uninterrupted Power Supply (UPS) is an electrical device that provides emergency power for essential systems and equipment in a facility when the main source of power fails or is switched off. It is essential for both commercial and residential use, as it provides additional protection for critical electrical apparatuses, such as computers. UPS units are usually powered by a battery, which makes it competent of supplying power even when the main power is switched off. Europe Uninterruptible Power Supply (UPS) market has seen considerable growth in contemporary years. As European countries are experiencing industrialization, urbanization, and an increasing need for steadfast power backup, UPS systems have become indispensable for ensuring uninterrupted operations in various sectors. To meet the rising demand, both local and international UPS manufacturers are focusing on expanding their presence in the European market. They are introducing advanced UPS systems with higher power capacities, improved efficiency, and intelligent features for remote monitoring and management. These solutions cater to the specific needs of the IT and telecom sector, enabling businesses to maintain operational continuity and safeguard their investments. The growing IT and telecom sector in Europe, driven by digital transformation and increased connectivity, is expected to fuel the demand for UPS systems. Moreover, the growing reliance on technology, the expansion of data centers, and the need for uninterrupted power supply, are key factors propelling the UPS market.

Increasing Power Demand Driving the Europe UPS Market

The growing power demand in Europe is fuelling the demand for Uninterruptible Power Supply (UPS) systems in the country. The use of renewable energy in Europe is a key part of the EU's energy transition. The EU is committed to reducing its greenhouse gas emissions by 40% by 2030 and reaching climate neutrality by 2050. The adoption of renewable energy sources like solar and wind power is being sparked by the European Union's (EU) ambitious objectives for decreasing greenhouse gas emissions. These renewable energy sources are intermittent; thus, they cannot always guarantee a steady supply of electricity. The intermittent character of these energy networks has also come to light with the growth of renewable energy sources like solar and wind power. In Europe, where the use of renewable energy is on the rise, the demand for dependable backup power options to fill in the gaps created by erratic power supplies, has grown. During power outages, UPS systems may easily switch to battery power, delivering a steady and uninterrupted power supply for crucial equipment. Businesses and industries are anticipated to invest in UPS systems to protect their operations and reduce the risks associated with power interruptions. Critical loads can be safeguarded during blackouts or power outages with the use of UPS devices. For instance, the energy produced in the European Union (EU) comes from 40.8% renewables, 30.5% nuclear, and 17.6% coal. In March 2023, the European Parliament and the Council reached a provisional agreement on a renewable energy target of 42.5% renewable energy sources (RES) share by 2030 will triple the rate of deployment of renewable energy in the upcoming years. With the expansion of industries, businesses, and residential areas, there is a significant rise in electricity consumption, leading to an increased need for reliable power backup solutions. This trend has paved the way for the flourishing UPS market in Europe. The European economy has been witnessing substantial growth in various sectors, including manufacturing, IT, telecommunications, healthcare, and retail. These sectors heavily rely on uninterrupted power supply to ensure smooth operations and prevent financial losses caused by power outages. As a result, there is a surging demand for UPS systems to safeguard critical equipment and systems against power disruptions and voltage fluctuations.

Furthermore, the rising penetration of digital technologies and the proliferation of data centres have significantly contributed to the increased power requirements in the country. To maintain uninterrupted operation and avoid data loss, data centres require a constant power supply. In the age of digital technology, UPS systems are essential for supplying these facilities with dependable backup power. The necessity for reliable power backup systems has been further highlighted by some parts of Europe's unreliable power infrastructure and frequent electricity outages. Protection for delicate electronic equipment, including servers, routers, switches, and communication systems, is provided by UPS systems, which function as a dependable defence mechanism against power fluctuations, voltage spikes, and blackouts. Both domestic and international UPS providers and manufacturers are actively increasing their market share in Europe to suit the rising demand. With greater power capabilities, more efficiency, and sophisticated monitoring, they are offering technologically advanced UPS systems. These developments are aimed at providing customers with tailored solutions to address their specific power backup requirements. Therefore, The UPS industry has seen tremendous growth because of the rising power demand caused by the expansion of several sectors and the necessity for a dependable power supply in Europe. The growing use of digital technology, the growth of data centres, and worries about the reliability of the power grid, have all increased demand for UPS systems. The infrastructure of the nation is still being developed and modernised, therefore the UPS market is predicted to increase steadily over the next several years.

Growing IT and Telecom Sector will Drive Europe UPS Market

The IT and Telecom sector in Europe is poised for remarkable growth, and this expansion is expected to drive the demand for Uninterruptible Power Supply (UPS) systems in the country. The IT and telecom sector is growing as a substantial contributor to the nation's economy as Europe embraces digital transformation and upsurge in internet connection. The UPS market in Europe is being driven by the demand for dependable power backup solutions created by this rapid growth. With more companies depending on technology-driven procedures for their operations, the IT sector is seeing rapid growth in Europe. IT infrastructure serves as the foundation for all types of businesses, from microbusinesses to multinational firms. Businesses need dependable power backup systems to protect crucial equipment including servers, data storage devices, networking devices, and communication systems, to maintain ongoing operations. UPS systems are essential for ensuring a continuous power supply during blackouts and voltage changes.

On Jun 08, 2023, the European Commission granted 8.1 billion euros (USD 8.7 billion) in state aid for microelectronics and communication technology initiatives as part of the European Union's effort to stay at the forefront of technological innovation. The initiatives are collectively known as Important Projects of Common European Interest (IPCEI). Furthermore, the growing telecom sector in Europe is driving the demand for UPS systems. The telecom industry is expanding rapidly as a result of the widespread use of smartphones, the uptake of high-speed internet, and the expansion of digital services. To serve voice calls, data services, and new technologies like 5G, telecommunication networks must maintain constant connectivity. Base stations, switches, routers, and data centres, can all operate continuously because of the dependable backup power provided by UPS systems. The expansion of the UPS industry in Europe is also being aided by the rising investment in data centres. The European Union is also starting a campaign to boost equity investments and prevent wealthy foreign buyers from acquiring its most promising high-tech companies. To maintain the efficient operation of servers, storage systems, and networking equipment, data centres need a steady power supply. As the sector continues to thrive, UPS manufacturers will continue to innovate and provide tailored solutions to meet the evolving power backup requirements of businesses in Europe.

Increasing Awareness on Power Quality

The demand for Uninterruptible Power Supply (UPS) systems is anticipated to rise in Europe because of the constantly rising awareness of power quality concerns. Equipment damage, data loss, and operational interruptions can result from power quality issues such as voltage fluctuations, surges, sags, and harmonics. A steady and high-quality power supply is therefore becoming increasingly important, which is driving the UPS market in Europe. More companies are becoming aware of the negative effects power outages have on their operations, including lost productivity, equipment downtime, and significant financial consequences. Because of this knowledge, businesses in a range of industries including manufacturing, healthcare, finance, and telecommunications, have decided to invest in UPS systems to address power quality challenges. In addition, the importance of power quality has been further underscored by the growing digitalization of processes and the dependence on delicate electronic equipment. To secure the lifetime and best operation of these assets, modern workplaces are increasingly reliant on computers, servers, data storage devices, and communication systems. The main equipment is protected from voltage variations and disruptions by UPS systems, which offer a steady and regulated power source. This increasing demand for UPS systems in Europe is likely to drive market growth, prompting manufacturers to develop advanced and efficient UPS solutions to meet the evolving needs of customers. As a result, manufacturers are likely to focus on developing innovative UPS systems to cater to the increasing demand and address power quality concerns in Europe.

Market Segmentation

The Europe UPS Market is divided into type, rating, organization size, industry vertical and country. Based on type, the market is divided into online, offline, line interactive. Based on rating, the market is divided into less than 5 kVA and 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA and others. Based on organization size, the market is divided into large enterprise, small & medium enterprise. Based on industry vertical, the market is divided into BFSI, consumer goods, IT & Telecom, manufacturing, healthcare, energy & utilities, others. Based on country, the market is divided into Germany, United Kingdom, France, Italy, Spain, Netherlands, Denmark, Belgium, and Rest of Europe.

Market Players

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 and many more.


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Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Type

Rating

Organization Size

Industry Vertical

Regional scope

Germany, United Kingdom, France, Italy, Spain, Netherlands, Denmark, Belgium, Rest of Europe

Key companies profiled

Eaton Corporation, General Electric Company, Schneider Electric SE, Luminous Power Technologies, Delta Electronics Inc, ABB Ltd, Fuji Electric Co Ltd, Toshiba International Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Europe UPS Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Europe UPS Market, by Type:
    • Online
    • Offline
    • Line Interactive
  • Europe UPS Market, by Rating:
    • Less than 5 kVA
    • 5.1 kVA - 50 kVA
    • 50.1 kVA - 200 kVA
    • Others
  • Europe UPS Market, by Organization Size:
    • Large Enterprise
    • Small & Medium Enterprise
  • Europe UPS Market, by Industry Vertical:
    • BFSI
    • Consumer Goods
    • IT & Telecom
    • Manufacturing
    • Healthcare
    • Energy & Utilities
    • Others
  • Europe UPS Market, by Country:

o   Germany

o   United Kingdom

o   France

o   Italy

o   Spain

o   Netherlands

o   Denmark

o   Belgium

o   Rest of Europe

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Europe UPS Market.

Available Customizations:

Europe UPS Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Europe UPS Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Europe UPS Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.   By Type (Online, Offline, Line Interactive)

5.2.2.   By Rating (Less than 5 kVA, 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, Others)

5.2.3.    By Organization Size (Large Enterprise, Small & Medium Enterprise)

5.2.4.   By Industry Vertical (BFSI, Consumer Goods, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, Others)

5.2.5.    By Region (Germany, United Kingdom, France, Italy, Spain, Netherlands, Denmark, Belgium, Rest of Europe)

5.2.6.   By Company (2022)

5.3.  Market Map

6.    Germany UPS Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Rating

6.2.3.    By Organization Size

6.2.4.            By Industry Vertical

7.    United Kingdom UPS Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Rating

7.2.3.    By Organization Size

7.2.4.                By Industry Vertical

8.    France UPS Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Rating

8.2.3.    By Organization Size

8.2.4.            By Industry Vertical

9.    Italy UPS Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Rating

9.2.3.    By Organization Size

9.2.4.            By Industry Vertical

10. Spain UPS Market Outlook

10.1.Market Size & Forecast

10.1.1. By Value

10.2.Market Share & Forecast

10.2.1. By Type

10.2.2. By Rating

10.2.3. By Organization Size

10.2.4.            By Industry Vertical

11. Netherlands UPS Market Outlook

11.1.Market Size & Forecast

11.1.1. By Value

11.2.Market Share & Forecast

11.2.1. By Type

11.2.2. By Rating

11.2.3. By Organization Size

11.2.4.            By Industry Vertical

12. Belgium UPS Market Outlook

12.1.Market Size & Forecast

12.1.1. By Value

12.2.Market Share & Forecast

12.2.1. By Type

12.2.2. By Rating

12.2.3. By Organization Size

12.2.4.            By Industry Vertical

13. Denmark UPS Market Outlook

13.1.Market Size & Forecast

13.1.1. By Value

13.2.Market Share & Forecast

13.2.1. By Type

13.2.2. By Rating

13.2.3. By Organization Size

13.2.4.            By Industry Vertical

14. Market Dynamics

14.1.Drivers

14.2.Challenges

15. Market Trends & Developments

16. Company Profiles

16.1.Eaton Corporation

16.1.1. Business Overview

16.1.2. Key Revenue and Financials (If Available)

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. Key Product/Services

16.2.General Electric Company

16.2.1. Business Overview

16.2.2. Key Revenue and Financials (If Available)

16.2.3. Recent Developments

16.2.4. Key Personnel

16.2.5. Key Product/Services

16.3.Schneider Electric SE

16.3.1. Business Overview

16.3.2. Key Revenue and Financials (If Available)

16.3.3. Recent Developments

16.3.4. Key Personnel

16.3.5. Key Product/Services

16.4.Luminous Power Technologies

16.4.1. Business Overview

16.4.2. Key Revenue and Financials (If Available)

16.4.3. Recent Developments

16.4.4. Key Personnel

16.4.5. Key Product/Services

16.5.Delta Electronics Inc.

16.5.1. Business Overview

16.5.2. Key Revenue and Financials (If Available)

16.5.3. Recent Developments

16.5.4. Key Personnel

16.5.5. Key Product/Services

16.6.ABB Ltd

16.6.1. Business Overview

16.6.2. Key Revenue and Financials (If Available)

16.6.3. Recent Developments

16.6.4. Key Personnel

16.6.5. Key Product/Services

16.7.Fuji Electric Co Ltd

16.7.1. Business Overview

16.7.2. Key Revenue and Financials (If Available)

16.7.3. Recent Developments

16.7.4. Key Personnel

16.7.5. Key Product/Services

16.8.Toshiba International Corporation

16.8.1. Business Overview

16.8.2. Key Revenue and Financials (If Available)

16.8.3. Recent Developments

16.8.4. Key Personnel

16.8.5. Key Product/Services

17. Strategic Recommendations

18.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The 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 and many more.

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An Uninterrupted Power Supply (UPS) is an electrical device that provides emergency power for essential systems and equipment in a facility when the main source of power fails or is switched off. It is essential for both commercial and residential use, as it provides additional protection for critical electrical apparatuses, such as computers. UPS units are usually powered by a battery.

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Using (UPS) Uninterruptible Power System enables the power backup, ensuring the operation of connected equipment with a surge protection function. It aids in protecting important data and offering clean and stable power.

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The main challenges in the Europe UPS market are Higher CAPEX and OPEX of modular UPS, high initial cost of UPS systems, and the presence of alternate power backup systems.