Uninterruptible Power Supply (UPS) Market Research Report Forecast to 2030

Uninterruptible Power Supply (UPS) Market Research Report Forecast to 2030

Uninterruptible Power Supply Market Forecast till 2030

Market Overview

The uninterruptible power supply (UPS) is a backup solution for power outages, with a short on-battery run-time enough to safely shut down active equipment, such as PCs, data centers, and television systems. UPS systems come in voltage-independent, voltage-dependent, and frequency-independent types and use flywheels, batteries, and supercapacitors to store power. They are quieter than traditional systems and provide immediate protection against power interruptions, ensuring consistent standby power to prevent operational disruption and data loss. UPS systems are widely used in healthcare centers, electric point of sale terminals, and telecommunications centers.

The growing demand for reliable power solutions across industries drives the market growth. UPS systems are used to provide uninterrupted power supply for large-scale manufacturing facilities and prevent power shortages. The increasing adoption of UPS systems in residential and commercial complexes is also contributing to the market growth.

Segment Overview

The market is segmented into product, component, application, and rating.

The market is divided into online conversion, offline/standby, and line-interactive sectors based on product type. The offline/standby category, which has a lower cost, modular design, and higher reliability, and accounted for the majority of the market, is expected to remain popular during the forecast period.

The demand for Uninterruptible Power Supply (UPS) units with a capacity up to 100 kVA has risen recently, driven by the growing need for reliable power in residential and commercial areas. The 10-100 kVA sector holds a substantial share of the global UPS market and is expected to maintain its dominance in the years to come.

The global UPS market is further divided by application, including telecommunications, data centers, industrial, medical, marine, residential & commercial, and others. Data centers were the first to adopt UPS systems to maintain seamless operations. Due to the widespread use of UPS systems in small to medium-sized data centers, the industrial segment now represents a significant portion of the market.

Regional Analysis

The North American Uninterruptible Power Supply (UPS) market is expected to grow significantly. The increasing demand for UPS in various end-user applications, such as industrial systems, phone systems, healthcare, and small businesses, is driving the market growth.

Meanwhile, the Asia-Pacific region is forecast to experience even faster growth, fueled by the rising number of data centers in countries like India, China, and Indonesia, as well as a favorable economic climate and affordability of UPS systems. The growth of small and medium-sized industries in the region is also contributing to the expansion of the UPS market.

Major Players

Schneider Electric (France), Eaton Corporation (Ireland), Emerson Electric (US), ABB (Switzerland), Socomec (France), Toshiba Corporation (Japan), Xiamen Kehua Hengsheng Co. Ltd. (China), KStar Corporation (China), East Group (China), and Beijing Dynamic Power Co. Ltd. (China).

COVID 19 Impacts

The pandemic caused a decline in industrial UPS demand due to reduced production and supply chain disruptions. Conversely, the demand for residential UPS systems grew as more people stayed at home. The increasing COVID cases also boosted demand for UPS systems in healthcare facilities where power interruptions could have fatal consequences. Despite the pandemic affecting many industries, the UPS market still saw decent growth.

The uninterruptible power supply (UPS) market has been significantly impacted by the COVID-19 outbreak. The shutdown of government, energy, and other private sector companies impacted both supply and demand, causing a decrease in sales. The global lockdowns have resulted in business continuity issues in various industries such as IT, healthcare, and manufacturing, leading to a decrease in demand for UPS. The frequent disruptions in business operations have led to fewer UPS sales in various sectors.

Companies Mentioned

Schneider Electric (France)
Eaton Corporation (Ireland)
Emerson Electric (US)
ABB (Switzerland)
Socomec (France)
Toshiba Corporation (Japan)
Xiamen Kehua Hengsheng Co. Ltd. (China)
KStar Corporation (China)
East Group (China)
and Beijing Dynamic Power Co. Ltd. (China)

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