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Global UPS Market: Forecasts for Growth to 2030

02-21-2024 01:02 PM CET | Energy & Environment

Press release from: Triton Market Research

UNINTERRUPTIBLE POWER SUPPLY (UPS) MARKET

UNINTERRUPTIBLE POWER SUPPLY (UPS) MARKET

As per Triton's research analysis, the global uninterruptible power supply (UPS) market accounted for $8279.78 million in 2022. It is estimated to grow with a CAGR of 3.68% over the years 2023-2030.

A recent study by Triton Market Research titled 'Global Uninterruptible Power Supply (UPS) Market' includes the Global Analysis and Forecasts by End-User (Public/Infra, Data Centers, Industrial, Commercial, Other End-users), by Phase Type (Single Phase, Three Phase), by Technology (Modular, Monolithic), by Power Range (0.1 kVA-10 kVA, 10.1 kVA-20 kVA, 20.1 kVA-50 kVA, 50.1 kVA-100 kVA, 100.1 kVA-200 kVA, Above 200 kVA), by Topology (Rotary, Static), and Regional Outlook (Asia-Pacific, Europe, Middle East and Africa, Latin America, North America).

Read the Report Summary here:
https://www.tritonmarketresearch.com/reports/uninterruptible-power-supply-market?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR

An uninterruptible power supply (UPS) system is an enhanced battery system that automatically activates during a power outage. It serves as the primary power source until electronic devices can be safely shut down or an emergency generator takes over. The main purpose of a UPS is to ensure a consistent power supply and prevent voltage spikes that could harm digital or mechanical devices.

Request a Free Sample of the Global Uninterruptible Power Supply (UPS) Market @
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According to Triton Market Research's report, the uninterruptible power supply (UPS) market is projected to experience a CAGR of 3.68% during the forecast period from 2023 to 2030. By 2030, it is anticipated to generate a revenue of $11037.64 million.

Energy efficiency improvement is a critical objective for societies and buildings alike. The increasing adoption of the Internet of Things (IoT) and smart buildings worldwide is a significant factor driving the growth of the global uninterruptible power supply market. Furthermore, advancements and innovations in UPS technology and battery systems are expected to fuel market growth in the forecast period.

However, in online UPS systems, the AC load draws a continuous current that flows throughout the entire circuit. As a result, larger heat sinks and components capable of withstanding high temperatures and prolonged current flow are necessary. This requirement contributes to the higher cost of online UPS compared to offline UPS, which is anticipated to limit the growth of the global uninterruptible power supply (UPS) market during the forecast period.

The uninterruptible power supply (UPS) market is mainly divided into end-user, phase type, technology, power range, and topology.

Based on end-user, the market consists of public/infra, data centers, industrial, commercial, and other end-users. Whereas, based on phase type, the market comprises single-phase and three-phase sub-segments. Additionally, based on technology, the market comprises modular and monolithic.

On the basis of power range, the market includes 0.1 kVA-10 kVA, 10.1 kVA-20 kVA, 20.1 kVA-50 kVA, 50.1 kVA-100 kVA, 100.1 kVA-200 kVA, and above 200 kVA. Lastly, based on topology, the market includes rotary and static.

The Asia-Pacific region is anticipated to witness the fastest growth in the global market over the forecasted period. Furthermore, significant investments in network and IT infrastructure, coupled with the expansion of the IT industry, have driven the demand for uninterruptible power supply systems in the region.

This demand is further fueled by the increasing adoption of internet services, consumer electronics, and cutting-edge technologies. As businesses strive for uninterrupted operations and data integrity, the need for reliable power backup solutions has become paramount, bolstering the demand for UPS systems in the market.

The notable companies in the uninterruptible power supply (UPS) market include Hitachi Ltd, Eaton Corporation Plc, ABB Ltd, Schneider Electric SE, Huawei Technologies Co Ltd, Piller Group GmbH, Luminous Power Technologies, General Electric Company, Legrand, Delta Electronics Inc, Emerson Electric Co, Mitsubishi Electric Corporation, Numeric Power Systems Ltd, Toshiba International Corporation, and Fuji Electric Co Ltd.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/uninterruptible-power-supply-market#purchase-option

Question & Answer: Uninterruptible Power Supply (UPS) Market

Question 1: What factor is driving the uninterruptible power supply market's growth?
Answer: The market growth during the forecast period is fueled by technological advancements and innovations in uninterruptible power supply systems and battery systems. These advancements play a pivotal role in enhancing the performance and reliability of UPS solutions.

Additionally, the development of new technologies, such as custom power devices based on power electronics concepts, has emerged as a notable trend. These devices are specifically designed to provide effective protection against power quality issues, further bolstering the market's expansion.

Question 2: What factor is a challenge for the market's growth?
Answer: Due to their reliance on batteries, UPS systems are not suitable for appliances requiring a significant amount of power, such as high power-consuming air conditioners. Moreover, the backup power duration provided by UPS systems is limited. Therefore, such factors are hindering the market's growth.

Question 3: Which region is anticipated to grow the fastest in the global market?
Answer: The Asia-Pacific region is anticipated to witness the fastest growth in the global market over the forecasted period. Furthermore, significant investments in network and IT infrastructure, coupled with the expansion of the IT industry, have driven the demand for uninterruptible power supply systems in the region.

This demand is further fueled by the increasing adoption of internet services, consumer electronics, and cutting-edge technologies. As businesses strive for uninterrupted operations and data integrity, the need for reliable power backup solutions has become paramount, bolstering the demand for UPS systems in the market.

Question 4: Which are the prominent players operating in the UPS market?
Answer: The prominent companies in the uninterruptible power supply market include Huawei Technologies Co Ltd, Mitsubishi Electric Corporation, Piller Group GmbH, Eaton Corporation Plc, Legrand, Numeric Power Systems Ltd, General Electric Company, Delta Electronics Inc, ABB Ltd, Toshiba International Corporation, Emerson Electric Co, Luminous Power Technologies, Schneider Electric SE, Fuji Electric Co Ltd, and Hitachi Ltd.

Related Reports:

GLOBAL BATTERY MARKET
https://www.tritonmarketresearch.com/reports/battery-market

According to Triton Market Research, the global battery market is anticipated to develop at a CAGR of 15.68% during the forecast years from 2022 to 2028.

The forecast period is expected to witness market expansion driven by several factors, which include the increasing popularity of consumer electronics, incentives for electric vehicle battery manufacturing, declining battery prices, and significant demand for automotive applications, primarily from electric vehicles.

GLOBAL LEAD-ACID BATTERY MARKET
https://www.tritonmarketresearch.com/reports/lead-acid-battery-market

Triton Market Research's report projects a robust CAGR of 3.10% for the global battery market during the forecast years 2019 and 2027.

The growth of the market is significantly supported by the low cost and high sustainability of lead-acid batteries. Compared to other battery types like lithium-ion batteries, sodium-sulfur batteries, and others, lead-acid batteries offer a cost advantage due to their lower prices.

Triton Market Research
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Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

Triton is a leading market research company providing clients with the best online market research data reports.Our offerings include syndicated market insights, customized research reports, and cost-effective consulting services for constructive decision-making.

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