Uninterruptible Power Supply Market Size, Share, Growth Opportunities, Industry Dynamics, Trends, Challenges and Impact of COVID

Market Highlights

The uninterrupted power supply market is predicted to touch USD 13,154 million at an 8.3% CAGR over the forecast period (2018-2025), reveals the new Market Research Future (MRFR) report. Uninterrupted power supply or UPS is a device that allows no downtime during power outage. It provides power when the mains power or input source fails. UPS systems are typically used for protecting hardware such as telecommunication equipment, data centers, computers, or other forms of electrical equipment where unexpected power disruptions can cause data loss, serious business disruption, fatalities, or injuries. These systems come in assorted sizes resting on the load that needs to be protected.

Various factors are driving the growth of the uninterrupted power supply market. These factors, in accordance with the Market Research Future (MRFR) report, include growing demand for constant power supply, surging demand for networking capacity and data, growing use of modular UPS systems for its key advantages such as lower cost and lower capacity, and technological advancements. Additional factors pushing the market growth include demand across various industrial verticals such as hospitality, telecom, education, healthcare, government, IT/ITES, plant automation, and BFSI.

On the contrary, the high installation, as well as maintenance cost, are factors that may limit the uninterrupted power supply market over the forecast period.

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Segmentation:

The Market Research Future report offers a wide segmental analysis of the uninterrupted power supply market based on application and product type.

Based on product type, the uninterrupted power supply market is segmented into online/double, line-interactive, and off-line/standby conversion. Of these, the offline/standby segment will have the largest share in the market over the forecast period, while the online/double-conversion segment is predicted to grow at the highest CAGR.

Based on applications, the uninterrupted power supply market is segmented into marine, industrial, medical, telecommunication, data center, and others. Of these, the data center market will dominate the market over the forecast period, followed by the telecommunication segment.

Regional Analysis:

Based on the region, the uninterrupted power supply market report covers growth opportunities and the latest trends across Asia Pacific, Europe, North America, and Rest of the World. Of these, North America will spearhead the market over the forecast period. This is owing to growing demand for UPS systems in pharmaceutical and healthcare sectors. The advanced healthcare sector in the region uses various advanced medical technology whose power supply should be maintained for ensuring the devices’ optimal function and their readings, thereby increasing the utilization of UPS systems. The growing telecommunication industry and increasing use of industrial applications are also increasing the demand for such systems.

The uninterrupted power supply market in Europe is predicted to have a notable growth over the forecast period. Growing number of data centers and growing telecommunication industry have influenced the demand of UPS systems in this region.

The uninterrupted power supply market in the APAC region is predicted to have a healthy growth over the forecast period. China, India, and Japan are the key contributors here. they have high power fluctuations; thus, there is a huge demand for constant power supply. This region is an industrial hub that needs constant power supply. Besides, the presence of a huge population of which, most consumers invest in such systems to make sure there is constant power supply. Moreover, this region also has several market players, and UPS systems are accessible through retail formats that is predicted to increase sales.

Key Players

Leading players profiled in the uninterrupted power supply market report include Cyber Power Systems Inc, Toshiba Corporation, Delta Electronics Inc., Jeidar Electronics, SORO Electronics, EAST Group Co. Ltd., KSTAR Corporation, Guangdong Zhicheng Champion Group Co. Ltd, ABB, Guangdong Prostar New Energy Technology Co. Ltd., Xiamen Kehua Hengsheng Co. Ltd., Emerson Electric Co., Sendon International Ltd., PowerMan, Beijing Dynamic Power Co. Ltd., Schneider Electric, Zhejiang SANKE Electrical Co. Ltd., AEG Power Solutions, Eaton Corporation, Jiangsu EKSI Electrical Manufacturing Co. Ltd., S&C Electric Company, HongBao Electric Co. Ltd., Active Power Inc., Gamatronic, Baykee, and Socomec.

June 2019: Leading Japan based company, Fuji Electric Co., has announced the news of its acquiring CNPS (Consul Neowatt Power Solutions Pvt Ltd), the maker of UPS systems. CNPS key business entails development, engineering, manufacturing, sales as well as serving of UPSs, off-grid solar inverters, servo voltage stabilizers, and other forms of customized power electronic solutions.

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This release was published on openPR.