Industrial Uninterruptible Power Supply Market Forecasts to 2028 – Global Analysis By Phases (Single Phase, Double Phase, Three Phase), Voltage Range (48V, 24V, 12V), Component (Hardware, Service) and By Geography

Industrial Uninterruptible Power Supply Market Forecasts to 2028 – Global Analysis By Phases (Single Phase, Double Phase, Three Phase), Voltage Range (48V, 24V, 12V), Component (Hardware, Service) and By Geography

According to Stratistics MRC, the Global Industrial Uninterruptible Power Supply Market is accounted for $0.84 billion in 2021 and is expected to reach $1.40 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Industrial uninterrupted power supply is the system that provides instantaneous electricity when the input power fails. They ensure that there is a continuous supply of power and their source energy is typically stored in batteries.

Market Dynamics:

Driver:

Growing Demand for Dependable Power Solutions

The increasing demand for UPS in the residential and commercial sectors will moreover enhance the market growth. As developing economies, such as China, India, and Japan are facing large industrial inflation, the demand for reliable power solutions is required to boost the UPS market growth. Furthermore, increasing demand for zero power downtime from various sectors is also expected to drive market growth. There is a huge demand for UPS systems in the IT sector; many manufacturing processes have now adopted microprocessors and PC-based systems that are responsive and sensitive to power disturbances. A few seconds of an energy outage can disrupt industrial processes, causing major financial losses. Hence, most of the businesses across sectors have started to adopt superior UPS and modular UPS systems. The increasing number of end-user industries such as industrial, commercial, residential, medical, and other sectors are impacting the uninterruptible power supply (UPS) market growth.

Restraint:

High Cost

Due to the high installation costs and costly maintenance linked with UPS is a challenge for the market. The cost incurred for the deployment of online UPS systems and lacking protection for the heavy appliances that are operated with the Uninterruptible power supply systems are hindering the overall growth of the market. Additional, regular replacement of batteries and updating the elements and technology due to the rapid growth of high-powered equipment is the main obstacle for the growth of the market.

Opportunity:

Growing Acceptance of IOT Technologies

The growing adoption of IoT technologies and the prompt infrastructural development across the globe and the advanced countries are progressively capitalizing in developing smart cities, which are highly dependent on it which is predictable to impact the growth of the market. The advancements in the market industry which includes the replacement of the lead-acid batteries with Lithium-ion batteries to combat the challenges faced due to the higher operating temperatures and the fast charging capacities are impacting the market value.

Threat:

Power Shortage

The most common threat that the uninterruptible power supply market is expected to face is power shortage. The UPS system vendors often face problems related to the scarcity of power which affects the power-dependent operations. The issue of voltage surge is also one of the threats in the UPS system. The spike or sag in voltage could harm the machinery using the UPS system.

Online-Double Conversion segment is expected to be the largest during the forecast period

The online/double-conversion uninterruptible power supply systems are overwhelming various power supply challenges that currently exist. This, in turn, is encouraging their growth and demand in different business verticals.

The 100-250 kVA segments is expected to have the highest CAGR during the forecast period

This is accredited to growing application in commercial and industrial end-user segments for various heavy appliances. Under power failure conditions, manufacturers are expecting to run facilities to maintain same production efficiency; thus, escalating the demand for such high voltage UPS systems.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, due to the rising number of data centers in the countries such as India, China, and Indonesia. Also, to gauging the imminent need for uninterrupted power supply in every industry, where the demands are high is the consumer electronics sector is also a driver for the market in this province Moreover, the favourable economic condition in the area combined with the affordability of the UPS systems is increasing the overall growth of the market. Moreover, the emergence of small and medium scale industries across the province is also impacting the overall market growth.

Region with highest CAGR:

North America is projected to have the highest CAGR, due to the presence of data center and collocation facilities and technologically advanced countries such as the US and Canada. The simulating demand for the UPS in the end-user applications such as Industrial systems, phone systems, Healthcare, laboratories, Small business offices, Point of sale equipment, internet service providers, and so on are presenting lucrative opportunities for the overall growth of the market across the province.

Key players in the market:

Some of the key players profiled in the Industrial Uninterruptible Power Supply Market include Eaton Group, Emerson Electric, General Electric, Legrand, Mitsubishi Electric, Riello UPS, Siemens Corporation, Toshiba International Corporation, Schneider Electric, Mitsubishi Electric, ABB, Eaton, Fuji Electric, Emerson Network Power, Caterpillar, Kohler Co.

Key developments:

In August 2016: Schneider Electric launched UPS (Uninterruptible Power Supply) announced that it unit capable of handling noisy environments and rough & tough use. The product known as “Gator PXC”, is meant for use in tough outdoor conditions such as outdoor industries and oil exploration sites.

In January 2021: Eaton Corporation signed an agreement to acquire Tripp Lite, a major supplier of power quality products including single-phase UPS systems, surge protectors in the American market. Thus, Eaton will strengthen its expertise in offering power quality solutions across the Americas with the complete acquisition.

In May 2017: Kohler Co. acquired Pure Power Systems from Dublin, an independent service provider and distributor of uninterruptible power supply systems with an aim to enhance the UPS services in the U.K. Integrated cloud data storage solution provider and Piller Power Systems Technology have concluded one deal to establish its new campus in India to exploit benefits such as easy maintenance, high scalability, and high availability.

Phases Covered:
Single Phase
Double Phase
Three Phase

Voltage Ranges Covered:
48V
24V
12V

Components Covered:
Hardware
Services

Output Types Covered:
Direct Current (DC)
Alternating Current (AC)

Types Covered:
Line-Interactive
Backup
Online-Double Conversion
Offline/Standby

Power Ratings Covered:
>500 kVA
250-500 kVA
100-250 kVA
20-100 kVA
10-20 kVA
5-10 kVA
1-5 kVA
<500 VA

Applications Covered:
Power Management
Continuous Manufacturing
Discrete Production
Fire Protection
Heating, Ventilation, and Air Conditioning
Lighting
Manufacturing IT
Security System
Supervisory Control

End Users Covered:
Aerospace & Defense
Automotive
Buildings
Cement & Glass
Chemical
Communication
Electronics & Electrical
Financial
Food & Beverage
Machinery
Medical Products
Metals & Mining
Oil & Gas
Petroleum & Refining
Pharmaceutical & Biotech
Pulp & Paper
Semiconductors
Transportation & Logistics
Water & Wastewater

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances