Frost Radar™: Uninterruptible Power Supply, 2023

Frost Radar™: Uninterruptible Power Supply, 2023

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

Though the global uninterruptible power supply (UPS) industry is mature, it offers considerable growth opportunities in different market segments, such as technology, end-user verticals, power range, and geography. This Frost & Sullivan study provides in- depth insight into the total UPS market and various high-growth segments. The global UPS industry has a highly competitive landscape where one of the key challenges for a UPS manufacturer is to differentiate itself from its competitors.

Manufacturers must keep up with new technologies and industry trends and introduce UPS solutions that cater to businesses' growing needs. Data centers account for the largest share of global UPS revenues, and this segment is also expected to register the fastest growth during the forecast period. The global data center market maintained its growth streak through the COVID-19 pandemic and will remain on a high growth trajectory during the coming years. Key factors that will drive the market during this period are the increasing demand from hyper-scale data centers, high levels of investment, significant increases in data creation and consumption, high volumes of data traffic fueled by emerging technologies such as 5G, edge, and the Internet of Things along with artificial intelligence/machine learning developments, the ever-increasing enterprise outsourcing, the growing adoption of hybrid cloud, and the high degree of data center activity in emerging economies.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.