- Summary
- Table Of Content
- Methodology
Uninterruptible Power Supply (UPS) Market Introduction :
Uninterruptible Power Supply (UPS) Market is estimated to reach over USD 17,947.28 Million by 2030 from a value of USD 10,529.07 Million in 2022, growing at a CAGR of 7.1% from 2023 to 2030.
Uninterruptible Power Supply (UPS) Market Definition & Overview:
Uninterruptible Power Supply (UPS) is a device installed at residential, commercial, and industrial infrastructure, which allows the individual and businesses to retain power during the power failure. UPS is mainly designed to work in conjunction with energy storage device such as battery. In addition, advancement in technology including remote monitoring of UPS within data centers, IT infrastructure, and at other locations is promoting the growth of UPS market.
Moreover, growing trend of urbanization and deveopment of smart cities coupled with improvement in healthcare facilities, that require continous power supply is driving the market growth. Thus, presence of an UPS avoid interruption of power to critical equipment and their operation which is prone to machine damage and operational procedure is boosting its demand. For instance, Mitsubishi Electric Power Products Inc. has introduced SUMMIT Series UPS for healthacare facility to avoid any power interruption duing medical procedures. The aforementioned UPS series is designed to operate at higher efficiecny by consuming less energy.
Uninterruptible Power Supply (UPS) Market Insights :
Uninterruptible Power Supply (UPS) Market Dynamics - (DRO) :
Key Drivers :
Increasing application of UPS against power interruption across different sectors is driving the market growth
Uninterruptible Power Supply (UPS) are employed for variable and wide range of applications among different sectors. The reason for the utilization of UPS includes power backup, data protection, voltage regulation, surge protection, and others. Aforementioned mentioned are critical for an industry and need to be taken into consideration for proper function of different operation within an industry.
UPS systems are mainly applied for surge protection, sudden spike in voltage caused due to electrical turbulence, and others. UPS often include voltage regulation features that allow the system to stabilize the incoming power supply. Moreover, the key requirement for protection for data among critical infrastructure including data centers, healthcare facilities, and others is promoting the market growth for Uninterruptible Power Supply (UPS). For instance, Delta Power Solutions is offering Modular UPS - DPH Series, a Three Phase 25 – up to 200 kW of modular UPS that are designed to operate at medium-sized data centers.
Growing demand of backup source for providing power supply to electronic devices is driving the market growth
Uninterruptible Power Supply (UPS) systems are largely installed for both small, medium, and large enterprises to ensure continuous source of power to electrical equipment. The key benefits offered by UPS, including prevention of data loss, damage to electronic equipment, disruption of business operation is fuelling its demand.
Small enterprises have limited infrastructure and therefore rely highly on proper functioning of business. Moreover, protecting data and critical equipment tends to be key priority for the organization. A sudden power outage results in data loss which further impact the business on operational and financial basis. Therefore, in order to protect business installations, both for small, medium, and large infrastructures, the demand for UPS is growing, hence driving its market growth.
Key Restraints :
High initial cost of equipment and operational expenditure is restraining the market growth
Cost and maintenance of UPS tend to be a key factor in its demand. Installation of UPS mainly requires proper location and infrastructure. The installation of UPS depends upon the capacity and size of UPS which tends to vary depending upon the size of the organization. Moreover, their maintenance also acts as a major restraining factor in the growth of UPS, owing to investment done for replacement, man-hour expenditure, and others. Furthermore, proper functioning of UPS is mandatory to increase the lifespan of critical devices, which is further an additional cost for the organization. Therefore, owing to aforementioned reasons, UPS are expensive to operate and maintain.
Ecological concerns associated with the disposal of battery
Uninterruptible Power Supply (UPS) system requires a set of battery to store the converted form of current. Mainly, batteries are designed to store Alternating Current into Direct Current which is maintained for a duration until the requirement is felt due to power outage or power failure. Moreover, improper disposal of batteries including lead acid batteries are likely to be hazardous to humans and environment thus creating a major concern for ecology. Thus, in the absence of inefficient measures, there are more likely chances of water pollution, including rivers, sea, and underground which is accounted to generate sever health complications. Therefore, aforementioned factors tend to limit the growth of batteries and Uninterruptible Power Supply (UPS) system collectively.
Future Opportunities :
Increasing reliance on digital infrastructure is expected to promote the market growth of Uninterruptible Power Supply (UPS)
Globally, every sector is adopting digitalization to speed up the businesses and operations. Owing to digitalization, small, medium, and large enterprises are increasingly dependent upon the availability of data and information. UPS acts as critical equipment for safeguarding electrical components from power outages. Accordingly, the above requirements of organizations also require a proper data center for storage of information and data, which ultimately promotes the market growth for Uninterruptible Power Supply (UPS). Furthermore, increasingly adoption of IoT devices is further proliferating the demand for connected devices among various sectors which ultimately requires data centers for storage of data thus further promoting the market growth during the forecast period.
Uninterruptible Power Supply (UPS) Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 17,947.28 Million |
| CAGR (2023-2030) | 7.1% |
| By Capacity | Less than 10 kVA, 10-50 kVA, 51-100 kVA, and Above 100 kVA |
| By Type | Standby UPS System, Online/Double Conversion UPS System, and Line-interactive UPS System |
| By Application | Residential, Commercial, and Industrial |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | Vertiv Group Corp., Emerson Electric Co., ABB Ltd., Schneider Electric, Baykee (Guangdong) Technology Co. Ltd., Cyber Power Systems Inc., Infineon Technologies AG, Toshiba Corporation, Shenzhen INVT Electric Co. Ltd., Active Power, DELTA UPS & Regulator, Delta Power Solutions, HONGBAO Power Supply Co. Ltd., Guangdong Zhicheng Champion Group Co. Ltd., Sendon Electronics Co. Ltd., EAST Group Co. Ltd., Eaton, Shenzhen Jeidar Electronics Co. Ltd., AEG Power Solutions, Shenzhen Kstar Science&Technology Co. Ltd. |
Uninterruptible Power Supply (UPS) Market Segmental Analysis :
Based on the Capacity :
The Capacity segment is segmented into Less than 10 kVA, 10-50 kVA, 51-100 kVA, and Above 100 kVA.
The 51-100 kVA segment accounted for largest market share in the Uninterruptible Power Supply (UPS) market in 2022. Owing to key features including modular size, aforementioned capacity of UPS is mainly used in medium sized installations including educational institutions, healthcare facilities, data centers, and others. Moreover, in order to protect electrical equipment including servers, telecom equipment, and healthcare related critical system is driving the market growth for 51-100 kVA Uninterruptible Power Supply (UPS).
Furthermore, above 100 kVA capacity of UPS will tend to show the fastest growth during the forecast period owing to the growing requirement of efficient power backup system to protect the electrical devices from power spike, outage, voltage fluctuations and among others. Moreover, advancement in technology in power storage devices such as batteries including VLRA lead acid and Li-Ion will further boost the market growth of Uninterruptible Power Supply (UPS).
Based on the Type :
The Type segment is trifurcated into Standby UPS System, Online/Double Conversion UPS System, and Line-interactive UPS System
Online/Double Conversion UPS System segment is accounted to hold largest market share of 56.4% in the year 2022 and is also projected to grow at the fastest CAGR during the forecast period. Online/Double conversion UPS system is designed to convert power twice, initially by converting AC into DC which stores energy into the battery. Moreover, upon requirement of power during power outage, stored DC is then converted to AC and supplied to the electrical equipment. The key features that are promoting the growth of online/double conversion system are owing to the growing requirements for uninterrupted power services to infrastructures including data centers, healthcare facilities, and others.
Furthermore, online/double conversion system are more reliable source of backup power coupled with growing reliance on digital infrastructure is further expected to drive the market growth during the forecast period. For instance, AEG Power Solutions has among its powerful UPS designed for data centers, namely Protect Plus M600 with power capacity ranging from 30-900 kVA.
Based on the Application :
The application segment is segregated into Residential, Commercial, and Industrial.
Commercial segment accounted for garnering the largest market share in the year 2022. The key reason for the largest revenue generation of the segment is owing to growing requirements of UPS in the infrastructures including data centers, telecommunication, hospital & clinics, and others. These infrastructures are in a constant mode or operation and each critical activity happening within the facility requires constant power supply. Thus, to avoid any power disruption and hampering operations, UPS are majorly being delayed in aforementioned locations.
Furthermore, with rapid increase in requirement for storage of data for analysis and advent of digitalization if further propelling the demand for data centers. In addition, major concerns shown by the governments across the globe for the improvement of healthcare sectors will further drive the demand for UPS.
Based on the Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America accounted for the largest revenue share of USD 3,647.27 million in 2022 and is predicted to reach USD 6,245.65 million in 2030 in the Uninterruptible Power Supply (UPS) market. In addition, in the region, the U.S. accounted for the maximum revenue share of 65.45% in the year 2022. North America is contributing significantly to the research and development of Uninterruptible Power Supply (UPS) and storage system required for UPSs. Moreover, owing to the presence of key players including Infineon Technologies AG, Toshiba Corporation, Eaton, and others is fuelling the growth of UPS. In addition, availability of large data center facilities including Microsoft, DuPont Fabros Technology, CWL1 Data Center, and others tends to drive the market growth of Uninterruptible Power Supply (UPS).
Asia-Pacific region is anticipated to witness fastest growth at a CAGR of 7.4% during the forecast period, 2023-30. Owing to the factors including development of e-commerce and cloud infrastructure in the region is expected to drive the market growth during the forecast period. The region of Asia Pacific is rapidly growing in terms of trade and economics. In recent few years, economies including China and India are growing at faster pace, the GDP for the countries were accounted for USD 18.1 trillion and USD 3.69 trillion respectively in the year 2022. Moreover, having potential in different sectors among Asian countries, major players are interested to enter the market thus allowing them to foresee Asia Pacific as a key market which is ultimately boost the market growth during the forecast period.
Top Key Players & Market Share Insights :
The landscape of the Uninterruptible Power Supply (UPS) market is highly competitive and has been examined in the report, along with complete profiles of the key players operating in the industry. In addition, the surge in innovations, acquisitions, mergers, and partnerships has further accelerated the growth of the Uninterruptible Power Supply (UPS) market. Major players in the market include-
- Vertiv Group Corp.
- Emerson Electric Co.
- Guangdong Zhicheng Champion Group Co. Ltd.
- Sendon Electronics Co. Ltd.
- EAST Group Co. Ltd.
- Eaton
- Shenzhen Jeidar Electronics Co. Ltd.
- AEG Power Solutions
- Shenzhen Kstar Science&Technology Co. Ltd.
- ABB Ltd.
- Schneider Electric
- Baykee (Guangdong) Technology Co. Ltd.
- Cyber Power Systems Inc.
- Infineon Technologies AG
- Toshiba Corporation
- Shenzhen INVT Electric Co. Ltd.
- Active Power
- DELTA UPS & Regulator
- Delta Power Solutions
- HONGBAO Power Supply Co. Ltd.
Recent Industry Developments :
- In January 2021, Toshiba International Corporation (TIC) launched G9400 Series Uninterruptible Power System (UPS) for data centers. The G9400 Series features Gen 7 IGBTs, the latest generation of advanced Carrier Stored Trench Bi-Polar Transistor (CSTBT) IGBT technology.
- In July 2021, Eaton introduced 9PX lithium-ion uninterruptible power supply (UPS). Eaton's new UPS is capable of providing longer battery life and a smaller footprint than valve regulated lead-acid (VRLA) battery-powered UPS technology.
Key Questions Answered in the Report
What is an Uninterruptible Power Supply (UPS)? +
An Uninterruptible Power Supply (UPS) is a device installed at residential, commercial, and industrial infrastructure, which allows the individual and businesses to retain power during the power failure.
What specific segmentation details are covered in the Uninterruptible Power Supply (UPS) market report, and how is the dominating segment impacting the market growth? +
The Online/Double Conversion UPS System segment dominates the market in 2022 as Uninterruptible Power Supply (UPS) owing to the growing requirements for uninterrupted power services to infrastructures including data centers, healthcare facilities, and others.
What specific segmentation details are covered in the Uninterruptible Power Supply (UPS) market report, and how is the fastest segment anticipated to impact the market growth? +
Commercial segment will emerge as the fastest by application segment owing to increase in requirement for storage of data for analysis and advent of digitalization.
Which region is anticipated to witness the highest CAGR during the forecast period, 2023-2030? +
Asia Pacific is anticipated to witness the fastest CAGR during the forecast period due to the increasing investment by the government for the growth of different sectors.
