PUBLISHER: The Business Research Company | PRODUCT CODE: 1532097
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532097
An uninterruptible power supply (UPS) is a device designed to provide backup power to equipment in case the main power source fails. It safeguards against power interruptions, enabling connected devices to operate temporarily or to be shut down safely. Typically, UPS systems incorporate batteries or supercapacitors to store energy for use during outages.
UPS products include online conversion, line-interactive, and off-line or standby models. An online conversion UPS continuously converts AC power to DC and then back to AC, ensuring seamless protection against power disturbances for connected devices. Components of this system include a rectifier, batteries, inverter, static bypass switch, capacitors, fans, and others. They are classified based on capacities less than 10 kVA, 10-100 kVA, and above 100 kVA. These systems find applications in residential, commercial, industrial, telecom, data center, marine, medical, and other sectors.
The uninterruptible power supply (UPS) research report is one of a series of new reports from The Business Research Company that provides uninterruptible power supply (UPS) market statistics, including the uninterruptible power supply (UPS) industry's global market size, regional shares, competitors with a uninterruptible power supply (UPS) market share, detailed uninterruptible power supply (UPS) market segments, market trends and opportunities, and any further data you may need to thrive in the uninterruptible power supply (UPS) industry. This uninterruptible power supply (UPS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The uninterruptible power supply (UPS) market size has grown strongly in recent years. It will grow from $9.33 billion in 2023 to $10.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be linked to heightened dependence on IT infrastructure, more frequent power outages, greater awareness of power quality concerns, stricter regulatory standards, and amplified investments in renewable energy sources.
The uninterruptible power supply (UPS) market size is expected to see strong growth in the next few years. It will grow to $13.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. Anticipated growth in the forecast period is driven by escalating occurrences of power outages, the expanding IT and data center sector, broadening of telecom infrastructure, rising demand for energy storage solutions, and increasing consumer electronics usage. Key trends expected in the forecast period encompass hybrid UPS systems, capabilities in both grid-tied and off-grid contexts, solid-state batteries, modular UPS systems, and advanced surge protection technologies.
The anticipated expansion of the telecommunications industry is set to drive the growth of the uninterruptible power supply (UPS) market moving forward. The telecommunications sector encompasses activities related to transmitting and exchanging information using technologies such as telephones, the internet, radio, and television. This sector is growing due to rising demand for seamless connectivity and rapid technological advancements. UPS systems play a critical role in the telecommunications industry by ensuring the continuous operation of essential equipment and maintaining service reliability during power disruptions or outages. For instance, a report from the Canadian Radio-television and Telecommunications Commission in May 2021 noted a 3.4% increase in total revenues within the telecommunications sector, with a significant boost in mobile revenues contributing to a 4.5% rise in overall mobile revenue in the Canadian market. This growth in the telecommunications industry is a key driver behind the expansion of the uninterruptible power supply (UPS) market.
Leading companies in the uninterruptible power supply (UPS) market are focusing on developing advanced solutions, such as HotSync's load-sharing technology, to gain a competitive advantage. HotSync's load-sharing technology dynamically balances power loads across multiple sources, optimizing efficiency and reliability in distributed power generation networks. For example, in May 2024, Eaton Corporation plc introduced the 9395X UPS, an intelligent and space-saving UPS designed for hyperscale and colocation data center segments. This solution offers a market-leading footprint reduction of up to 50% and significantly improved power density compared to previous models, allowing data centers to increase power capacity while minimizing physical space requirements.
In November 2022, Legrand acquired Power Control Ltd. for an undisclosed amount. This acquisition aims to leverage Power Control Ltd.'s expertise and market influence to strengthen Legrand's position in the UK's critical power sectors, enhancing its range of solutions for industries such as data centers, healthcare, and telecommunications. Power Control Ltd. is a UK-based company that manufactures uninterruptible power supply (UPS) systems and batteries.
Major companies operating in the uninterruptible power supply (UPS) market are Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, GE Healthcare, Emerson Electric Co., Delta Electronics Inc., Kohler Co., Vertiv Holdings Co., Socomec Group S.A., S&C Electric Company, CyberPower Systems Inc., AEG Power Solutions B.V., Sendon International Ltd., Fuji Electric Co Ltd., Hitachi Industrial Equipment Systems Co Ltd., Borri S.p.A., Riello Elettronica S.p.A., Centiel SA, Chloride Systems, Potencia Industrial
North America was the largest region in the uninterruptible power supply (UPS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the uninterruptible power supply (UPS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the uninterruptible power supply (UPS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The uninterruptible power supply (UPS) market consists of sales of delta conversion uninterruptible power supply (UPS), modular uninterruptible power supply (UPS), and rotary uninterruptible power supply (UPS). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Uninterruptible Power Supply (UPS) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on uninterruptible power supply (UPS) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for uninterruptible power supply (UPS) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The uninterruptible power supply (UPS) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.