Global Industrial Uninterruptible Power Supply (UPS) Market Size Study & Forecast, By Product (Online/Double Conversion, Line-Interactive, Offline/ Standby) By Application (Mining, Oil & Gas, Construction, Marine, Manufacturing, Pharmaceuticals, Telecom, Data Centre, Others) and Regional Analysis, 2023-2030
Global Industrial Uninterruptible Power Supply (UPS) Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. An Industrial Uninterruptible Power Supply (UPS) is a critical component of power infrastructure in industrial settings. It serves to provide uninterrupted power to essential equipment and processes during instances of power outages or fluctuations. These UPS systems are specifically designed to withstand the rigorous demands of industrial environments, offering robust protection against power surges, sags, spikes, and other electrical disturbances that could potentially disrupt operations or damage sensitive equipment. Industrial UPS systems are typically designed with higher capacities and enhanced durability compared to UPS units used in commercial or residential settings, ensuring reliable power supply to industrial machinery, control systems, data centers, and other vital assets. The Industrial Uninterruptible Power Supply (UPS) market is expanding because of factors such as the rising adoption of industrial robots, the rising adoption of cloud computing and data centers, and the growth in automation in the oil & gas and manufacturing industries.
The increasing installation of industrial robots is significantly driving the growth of the Industrial Uninterruptible Power Supply (UPS) market. As industries embrace automation and robotics to enhance productivity, efficiency, and competitiveness, the reliance on uninterrupted power becomes even more critical. Industrial robots are integral to modern manufacturing processes, performing tasks with precision and speed. These UPS systems provide a reliable backup power source, ensuring the uninterrupted operation of industrial robots during power outages, fluctuations, or voltage sags. By maintaining a continuous power supply, UPS systems enable industrial robots to operate smoothly and reliably, thereby maximizing production uptime and output consistency. The new World Robotics report shows an all-time high of 517,385 new industrial robots installed in 2021 in factories around the world. This represents a growth rate of 31% year-on-year and exceeds the pre-pandemic record of robot installation in 2018 by 22%. Moreover, technological advancements and innovations as well as stringent regulations and standards mandating the use of backup power systems are creating new opportunities for market growth. However, the high maintenance and high operational costs stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Industrial Uninterruptible Power Supply (UPS) Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as increasing industrialization, growing awareness of downtime costs, stringent regulations and standards, and rising technological advancements in the region. Asia Pacific is expected to grow at the fastest rate during the forecast period, owing to factors such as increasing urbanization, growing IT and telecom sector, focus on renewable energy integration, and emerging trends such as Industry 4.0 in the region.
Major market players included in this report are:Schneider Electric SE
Eaton Corporation plc
Vertiv Co.
ABB Ltd.
Emerson Electric Co.
Toshiba Corporation
Mitsubishi Electric Corporation
Delta Electronics, Inc.
Socomec Group
Riello UPS Ltd.
Recent Developments in the Market: In March 2021, Schneider Electric announced the expansion of its Easy UPS 3L product range, now available from 250 kVA to 600 kVA (400V). These UPS units cater to the needs of medium to large commercial complexes and light-duty industries, offering enhanced reliability and performance.
In February 2020, Huawei introduced its UPS power module with a remarkable power density of 100kW/3U, designed to optimize data center operations. The introduction of this UPS module is anticipated to significantly lower operational costs for data centers globally, marking a substantial advancement in data center infrastructure efficiency.
Global Industrial Uninterruptible Power Supply (UPS) Market Report Scope: Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Product, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below: By Product Type:
Online/Double Conversion
Line-Interactive
Offline/ Standby
By Application:
Mining
Oil & Gas
Construction
Marine
Manufacturing
Pharmaceuticals
Telecom
Data Centre
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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