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Uninterruptible Power Supply Market Research Report - Segmentation By Product Type (Online/Double Conversion, Line-Interactive, and Off-line/Standby), By Capacity (Up to 50KVA, 51-200KVAand Above 200KVA), By Application (Residential, Industrial, Commercial, Telecom, Data Centre, Marine, Medical and Others) and Region – Industry Forecast 2023-2028.

Published: March, 2023
ID: 13400
Pages: 150
Formats: report pdf report excel report power bi report ppt

Uninterruptible Power Supply Market Size (2023-2028)

The Global Uninterruptible Power Supply Market was worth US$ 8.63 billion in 2022 and is expected to reach a valuation of US$ 11.13 billion by 2028 and register a CAGR of 4.54% during 2023-2028.

Market Overview:

In a UPS, energy is typically stored in flywheels, batteries, or supercapacitors. UPS provides immediate protection against input power interruptions compared to other immediate power supply systems. It has a relatively short on-battery run time. Still, it is long enough to safely shut down the related apparatus (computers, telecommunications equipment, and so on) or turn on a backup power source. They can only be used to provide electricity for a limited period of time so that the devices are not harmed. 

A UPS is often used to protect technology like computers, data centers, telecommunications equipment, or other electrical equipment when an unexpected power outage could result in injuries, fatalities, major economic disruption, or data loss. UPSs are widely used for power backup in hospitals, small offices, electric point-of-sale terminals, and telecommunication centers. In large company situations where security is paramount, a single massive UPS can be a single point of failure, causing numerous other systems to malfunction. Multiple smaller UPS modules and batteries can be combined to offer redundant power protection equivalent to one large UPS for increased reliability.

The epidemic has had a severe impact on industrial operations and output rates all around the world. Furthermore, the raw materials required for the industrial facilities were not delivered to them due to logistical constraints. As a result, the demand for industrial Uninterruptible Power Supply was drastically reduced due to the pandemic's modest operations. However, because a large portion of the world's population was confined to their houses, the residential sectors were quick to adopt Uninterruptible Power Supply systems.

Market Growth:

The UPS market is expected to grow in response to a major increase in demand for reliable power solutions that can support large-scale manufacturing operations.

Market Drivers:

Rapid urbanization and growth in the IT market are driving the global uninterruptible power supply market. Furthermore, benefits associated with UPS usage, such as loss limitation to multiple electrical components and appliances and server data maintenance, are major drivers for the uninterruptible power supply (UPS) market. As a result, there is a growing trend to view these systems as critical power backup devices that help people work more successfully and efficiently. Market growth is expected to be aided by technological advancements and the availability of data center rack solutions. In addition, rising demand for UPS in both the residential and commercial sectors would boost the market growth.

Additionally, rising demand for zero power outages from various industries is likely to propel market expansion over the forecast period. Many manufacturing processes have now adopted microprocessors and PC-based systems that are responsive and sensitive to power disruptions, and UPS systems are in high demand in the IT sector. An energy interruption that lasts only a few seconds can impair industrial processes and result in significant financial losses. As a result, most firms across all industries have begun to implement superior UPS and modular UPS systems.

Market Restraints:

The uninterruptible power supply (UPS) market faces a challenge due to high installation costs and costly UPS maintenance. Furthermore, due to the increasing rise of high-powered equipment, constant battery replacement and updating of elements and technology is the key impediment to the growth of the uninterruptible power supply (UPS) market from 2022 to 2027. Furthermore, in recent years, the semiconductor market has been declining, affecting the total growth of the uninterruptible power supply business. Furthermore, home UPS devices do not provide longer battery life; these issues impede the overall growth of the uninterruptible power supply industry. However, improvements in UPS battery systems, such as new Lithium-ion (Li-ion) batteries with a high working temperature, may open up lucrative potential in traditional data centers. Furthermore, Li-ion batteries have a lifespan of two to three times that of traditional Valve Regulated Lead Acid (VRLA) batteries.

UNINTERRUPTIBLE POWER SUPPLY MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

4.54%

Segments Covered

By Product Type, Capacity, Application, and Region.

 

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Schneider Electric, Eaton, Emerson Electric Co., S&C Electric Company, Socomec, TOSHIBA CORPORATION, AEG Power Solutions B.V., Xiamen Kehua Hengsheng Co. Ltd., SENDON INTERNATIONAL LTD, ABB, and Others.

 

Market Segmentation: 

Uninterruptible Power Supply Market - By Product Type:

  • Online/Double Conversion
  • Line-Interactive
  • Off-line/Standby

Because of its cheaper cost, modular design, and improved reliability, the off-line/standby category accounted for most of the market. It is expected to maintain its attractiveness during the projection period. The standby systems are only employed when normal power supply lines have been disrupted, extending their functioning life and allowing for more recharge time.

Uninterruptible Power Supply Market - By Capacity:

  • Up to 50KVA
  • 51-200KVA
  • Above 200KVA

The demand for up to 50KVA and 50-200 KVA capacity units has increased in recent years due to the rising demand for continuous power supply in residential and commercial places. This trend is expected to continue, with both sectors accounting for a sizable portion of the global market.

Uninterruptible Power Supply Market - By Application:

  • Residential
  • Industrial
  • Commercial
  • Telecom
  • Data Centre
  • Marine
  • Medical
  • Others

Data and telecommunications centers have been at the forefront of deploying UPS systems to ensure smooth operation. As a result, the industrial segment has a large part of the market, as many small to medium data centers require and employ an uninterruptible power supply to prevent data loss in the event of a power outage due to power outages or voltage fluctuations.

Market Regional Analysis: 

The Global Uninterruptible Power Supply Market Report includes the segmentation of regions:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

In recent years, the Asia-Pacific region has dominated the uninterruptible power supply (UPS) market, which is expected to continue over the projected period. The UPS system market in Asia-Pacific is predicted to be driven by factors such as the growing importance of cloud computing and data centers. Furthermore, Asia-Pacific is one of the world's fastest-expanding data sphere areas. For example, China's atmosphere is expanding rapidly, exceeding the global data sphere by 3 percent annually on average. Furthermore, according to industry experts, the region's data center capacity is likely to increase in the next three years. As a result, UPS is projected to see a large increase in demand. There are around 272 data centers in Australia. Furthermore, the country is seeing increased investment in the data center business, which is expected to increase demand for backup power solutions like generators and UPS.

Due to an increase in automation and cloud services in manufacturing and processing industries, Europe, the Middle East, and Africa are steadily increasing.

Due to low investments and slow growth of data centers and cloud-based computing in the region, the Latin American market is expected to remain static till the conclusion of the projection period.

Market Key Players:

  1. Schneider Electric
  2. Eaton
  3. Emerson Electric Co.
  4. S&C Electric Company
  5. Socomec
  6. TOSHIBA CORPORATION
  7. AEG Power Solutions B.V.
  8. Xiamen Kehua Hengsheng Co. Ltd.
  9. SENDON INTERNATIONAL LTD
  10. ABB

Market Recent Developments:

  • The growth of data centers in Chennai has increased the demand for uninterruptible power supply (UPS) systems. Industry insiders predict that the tendency will continue. Because of their cable ecosystems, Mumbai and Chennai are projected to have an advantage in capturing additional development. 
  • SynQor, Inc. has announced the release of a new full-power, high-voltage DC adjustable output, field-grade, fully isolated Uninterruptible Power Supply (UPS). The new DC3 1250 W high voltage DC adjustable output can deliver any output voltage between 25 and 325 Vdc and 210 and 325 Vdc at full power. In addition, the user can set both the output voltage and current limit.

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FAQ's

1. What can be the total Uninterruptible Power Supply Market value after 5 years?

The Global Uninterruptible Power Supply Market is anticipated to reach a valuation of US$ 11.13 billion by 2028.

2. Mention the market which has the largest share in the Uninterruptible Power Supply Market?

The Asia-Pacific market will have the largest market share of the global Uninterruptible Power Supply market.

3. Name any three Uninterruptible Power Supply Market key players?

Schneider Electric, Eaton, and Emerson Electric Co. are the three Uninterruptible Power Supply key players.

What is the major effecting factor in the global Uninterruptible Power Supply Market?

A significant increase in demand for reliable power solutions is an influencing element in the worldwide Uninterruptible Power Supply market.

5. Which industry is the most active user in the global Uninterruptible Power Supply Market?

The data centers and telecommunications centers have been at the forefront of deploying UPS systems.

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