UPS Market Growth | Industry Analysis Report, 2019-2025

Increasing industrialization in Europe is the major factor driving the UPS market growth. With the rise in the adoption of modern technologies in manufacturing facilities, the demand for efficient power technologies will grow rapidly. Countries including Germany, the UK, and France consist of major automobile manufacturers, such as Audi, BMW, and Porsche, that are expanding their manufacturing capabilities in the region, driving the market growth. Moreover, the region consists of several UPS manufacturers that are partnering with industries to provide their solutions in manufacturing operations.

UPS Market, By Component
• Solution
• Standby (off-line) UPS
• Line interactive UPS
• Online UPS
• Service
• Managed
• Professional
UPS Market, by Application
• BFSI
• Healthcare
• Manufacturing
• IT & telecom
• Data Centers
• Media & entertainment
• Others

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High costs associated with the installation, maintenance, and repair of these solutions is a major restraining factor in the UPS market. It requires skilled technicians or engineers for performing the installations and maintenance tasks, resulting in high service costs. The manufacturers in the market need to invest highly to train their engineers about the new and advanced technologies to update their knowledge base and serve their customers effectively. Furthermore, customers also need to bear additional expenses of replacing its batteries due to its certain battery life, after which the battery needs to be changed, restricting the market growth.

The line interactive UPS market is expected to witness high growth due to its two-way power handling capabilities. Several advantages offered by these solutions, such as high reliability, cost-effectiveness, and energy efficiency, in comparison to other UPS types are encouraging businesses to install these systems. Moreover, it offers around 96-98% energy efficiency in comparison to other UPS solutions, which is the major factor propelling the market growth.

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Increasing power consumption by connected technologies in smart cities is accelerating the UPS market demand. Several countries including India and China are continuously engaged in investing highly to integrate smart solutions into their technologies. For instance, India has planned to invest around USD 7.5 billion in the smart city mission to turn around 100 urban centers into smart cities by 2020. These smart cities will be incorporated with connected technologies, augmenting the UPS market growth. Moreover, with the rise in the adoption of electronic appliances, such as television, fridge, air-conditioners, and microwave ovens in smart homes, the power consumption rate is increasing rapidly, growing the demand for the market.

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