Uninterruptible Power Supply

Uninterruptible Power Supply

UPS stands for Uninterruptible Power Supply, which is a device that maintains power in the event of a failure, such as a power outage or drop in voltage. A UPS typically includes a battery that is kept charged and ready to supply power when needed. The main purpose of a UPS is to ensure that a computer or other electrical devices can continue to operate for at least a short time when incoming power is interrupted.

The Uninterruptible Power Supply Market is expected to grow at a strong CAGR of 3.4% during the forecast. The main factors that are acting as the main growth drivers of the UPS market are the increasing IT sector with a main focus on the rise in demand from data centers. Technological advancements within the UPS industry have led to the emergence of more efficient products, further enhancing market growth.

The global UPS market is driven by several key factors, including the increasing reliance on technology, the need for business continuity, and the importance of data protection. The emergence of green and energy-efficient UPS solutions is a leading factor driving the demand for uninterruptible power supply. The rapid deployment of data centers due to massive data storage requirements and the increasing use of UPS systems are also contributing to the market growth. The demand for UPS solutions in large-scale data centers will witness high growth due to the modernization and construction of new data centers, as well as increasing power fluctuations and outages in data centers. Moreover, drivers such as the growing demand for consistent power supply from various application sectors, along with Urbanization and industrialization led to a demand for process automation and round-the-clock network usage. Furthermore, new functions such as The integration of smart technologies such as IoT and AI in UPS systems are acting as a catalyst in the growth of the global UPS market during the forecast period.

• Based on Product Type, the Uninterruptible Power Supply Market is divided into Offline, Line Interactive, and Online. The online segment acquired a majority share in the Uninterruptible Power Supply Market and is expected to showcase a substantial growth rate during the forecast period. An Online UPS is a type of uninterruptible power supply that utilizes either a double or delta conversion technology. With double conversion, network equipment, data centers, and a full scope of environments can be protected, and there is no transfer time in the transition to battery power. Intelligent online UPS systems are available to support demanding loads and run times. Online UPS systems maintain consistent current flow for the protection of network equipment, and upon fluctuation or failure, the rectifier within the UPS is automatically bypassed, and power is sourced from the battery until restoration occurs. The online UPS circuitry is seamless, and is costlier than units in the offline or line-interactive UPS.
• Based on application, the Uninterruptible Power Supply Market is divided into less than residential, commercial, and industrial. The commercial segment acquired a majority share in the Uninterruptible Power Supply Market and is expected to showcase a substantial growth rate during the forecast period. The commercial segment in the UPS market encompasses various applications across different industries such as data centers, telecommunication, healthcare, and defense sector. Telecommunication centers are at the forefront of deploying UPS systems to ensure smooth operations and maintain continuous power supply, making them a key application within the commercial segment.
• Based on Capacity, the Uninterruptible Power Supply Market is divided into less than 10 kVA, 10-100 kVA, and Above 100 kVA. The Above 100 kVA segment acquired a majority share in the Uninterruptible Power Supply Market and is expected to showcase a substantial growth rate during the forecast period. a 100 kVA UPS system can be applied in various critical applications, including healthcare, data centers, emergency services, industrial settings, telecommunications, and military/aerospace applications, providing uninterrupted power supply and protecting sensitive equipment and systems from power disruptions. A 100 kVA UPS can provide an uninterrupted power supply for medical facilities, ensuring that critical equipment and systems remain operational during power outages or fluctuations.
• For a better understanding of the market adoption of the Uninterruptible Power Supply industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S.A., Canada, Rest of North America), Europe (Germany, France, Italy, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Rest of World. APAC acquired the highest market share in the Uninterruptible Power Supply Market and is expected to witness an influential CAGR in the forecasted period. APAC registered a significant market share in the Uninterruptible Power Supply Market and is expected to witness an influential CAGR in the forecasted period. In the Asia-Pacific region, Uninterruptible Power Supply production is expected to grow, with some leading countries including China, Japan, India, and Australia. China and India are home to one of the biggest markets for UPS in the APAC region. The growth of the Asia-Pacific Uninterruptible Power Supply (UPS) market is driven by several factors, including the increasing demand for power and the phasing out of coal power plants, which has led to power outages and subsequently increased the demand for UPS systems. Additionally, the rapid growth of the data center market, along with the increasing electricity demand from end-users such as manufacturing and commercial sectors is a major driving factor for the UPS market in the APAC region. Asia Pacific is also the home of data center giants such as GDS Holdings, Global Switch, NEXTDC, and AirTrunk. These companies are some of the biggest data center companies in the region and captured a significant chunk of the UPS market.
• Some of the major players operating in the market include Riello Elettronica S.P.A., EATON Corporation PLC, Emerson Electric Co., Delta Electronics Inc., ABB Ltd, Schneider Electric SE, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Company, and Guangdong Zhicheng Champion Group Co., Ltd.