Transformerless UPS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Transformerless UPS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global transformerless UPS market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.

Uninterruptible power supply (UPS) refers to a device that helps computers run for a short while in case the primary source of power fails. Unlike inverter systems, UPS systems provide near-instantaneous power supply, as well as intercept power surge from the primary source. Earlier system designs used a transformer to boost low incoming voltages, but nowadays, there is a significant rise in the usage of transformerless UPS systems. Transformerless UPS systems rely on insulated-gate bipolar transistors (IGBTs) that deal with high voltages and eliminate the requirement for a step-up transformer after the inverter. These systems have a smaller carbon footprint and assist in reducing investments and running costs.

The utilization of transformerless UPS is currently increasing at a rapid pace, especially in sectors that rely on a continuous power supply. Consequently, these systems have become key components in industries such as BFSI, telecommunications, power generation, oil and gas, railways and aviation. Another defining trend in the market is the escalating demand for more compact and sleek systems. Furthermore, the leading manufacturers are focusing on the introduction of improved designs by integrating temperature sensors that allow direct thermal IGBT control. They are also reducing the number of components used to avoid faults and increase reliability. However, the sudden outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governing agencies of numerous countries have led to a reduction in the overall production due to disruptions in the supply chain. The market is expected to experience growth once lockdown restrictions are uplifted.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global transformerless UPS market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component type, power and end use industry.

Breakup by Component Type:

Rectifier and Inverter Components

Battery

PCB

Electromechanical Components

Others

Breakup by Power:

10-100 KVA

101-250 KVA

More than 250 KVA

Breakup by End Use Industry:

BFSI

Telecommunication

Government

Manufacturing

Transportation

Healthcare

Others

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Borri S.p.A, Eaton Corporation Plc, Emerson Electric Co., General Electric Company, Mitsubishi Electric Corporation, RPS S.p.A. (Riello Elettronica S.p.A.), Schneider Electric, Shenzhen Kstar Science & Technology Co. Ltd. and Toshiba Corporation.

Key Questions Answered in This Report

1. What was the size of the global transformerless UPS market in 2022?

2. What is the expected growth rate of the global transformerless UPS market during 2023-2028?

3. What are the key factors driving the global transformerless UPS market?

4. What has been the impact of COVID-19 on the global transformerless UPS market?

5. What is the breakup of the global transformerless UPS market based on the component type?

6. What is the breakup of the global transformerless UPS market based on the power?

7. What is the breakup of the global transformerless UPS market based on the end use industry?

8. What are the key regions in the global transformerless UPS market?

9. Who are the key players/companies in the global transformerless UPS market?


1 Preface
2 Scope and Methodology
  2.1 Objectives of the Study
  2.2 Stakeholders
  2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
  2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
  2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
  4.1 Overview
  4.2 Key Industry Trends
5 Global Transformerless UPS Market
  5.1 Market Overview
  5.2 Market Performance
  5.3 Impact of COVID-19
  5.4 Market Forecast
6 Market Breakup by Component Type
  6.1 Rectifier and Inverter Components
6.1.1 Market Trends
6.1.2 Market Forecast
  6.2 Battery
6.2.1 Market Trends
6.2.2 Market Forecast
  6.3 PCB
6.3.1 Market Trends
6.3.2 Market Forecast
  6.4 Electromechanical Components
6.4.1 Market Trends
6.4.2 Market Forecast
  6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Power
  7.1 10-100 KVA
7.1.1 Market Trends
7.1.2 Market Forecast
  7.2 101-250 KVA
7.2.1 Market Trends
7.2.2 Market Forecast
  7.3 More than 250 KVA
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use Industry
  8.1 BFSI
8.1.1 Market Trends
8.1.2 Market Forecast
  8.2 Telecommunication
8.2.1 Market Trends
8.2.2 Market Forecast
  8.3 Government
8.3.1 Market Trends
8.3.2 Market Forecast
  8.4 Manufacturing
8.4.1 Market Trends
8.4.2 Market Forecast
  8.5 Transportation
8.5.1 Market Trends
8.5.2 Market Forecast
  8.6 Healthcare
8.6.1 Market Trends
8.6.2 Market Forecast
  8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
  9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
  9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
  9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
  9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
  9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10  SWOT Analysis
  10.1 Overview
  10.2 Strengths
  10.3 Weaknesses
  10.4 Opportunities
  10.5 Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
  12.1 Overview
  12.2 Bargaining Power of Buyers
  12.3 Bargaining Power of Suppliers
  12.4 Degree of Competition
  12.5 Threat of New Entrants
  12.6 Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
  14.1 Market Structure
  14.2 Key Players
  14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio 
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Borri S.p.A
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials 
14.3.3 Eaton Corporation Plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio 
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Emerson Electric Co.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio 
14.3.4.3 Financials 
14.3.4.4 SWOT Analysis
14.3.5 General Electric Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio 
14.3.5.3 Financials 
14.3.5.4 SWOT Analysis
14.3.6 Mitsubishi Electric Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio 
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 RPS S.p.A (Riello Elettronica S.p.A.)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Schneider Electric
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio 
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Shenzhen Kstar Science & Technology Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Toshiba Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio 
14.3.10.3 Financials
14.3.10.4 SWOT Analysis

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