Press release
Strong Growth Ahead: Uninterruptible Power Supply (UPS) Market Size To Grow At Arecord 7.9% Cagr By 2029
Uninterruptible Power Supply (UPS)
How Big Is the Uninterruptible Power Supply (UPS) Market Size Expected to Be by 2034?
The uninterruptible power supply (UPS) market has grown significantly in recent years. It will increase from $10.06 billion in 2024 to $10.88 billion in 2025, reflecting a CAGR of 8.2%. The growth is driven by the increased dependence on IT infrastructure, higher frequency of power outages, growing awareness of power quality issues, stricter regulatory standards, and increased investments in renewable energy.
The uninterruptible power supply (UPS) market is expected to see strong growth, reaching $14.77 billion by 2029 at a CAGR of 7.9%. Growth is driven by more frequent power outages, the expansion of the IT and data center sectors, telecom infrastructure growth, demand for energy storage systems, and rising consumer electronics use. Trends include hybrid UPS systems, grid-tied and off-grid capabilities, solid-state batteries, modular UPS systems, and advanced surge protection.
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What Are the Emerging Segments Within the Uninterruptible Power Supply (UPS) Market?
The uninterruptible power supply (UPS) market covered in this report is segmented -
1) By Product: Online Conversion, Line-Interactive, Off-Line Or Standby
2) By Component: Rectifier, Batteries, Inverter, Static Bypass Switch, Capacitors, Fans, Other Components
3) By Capacity: Less Than 10 Kva, 10-100 Kva, Above 100 Kva
4) By Application: Residential, Commercial, Industrial, Telecommunication, Data Center, Marine, Medical, Other Applications
Subsegments:
1) By Online Conversion UPS: Double-Conversion UPS (True Online UPS), Single-Phase Online UPS, Three-Phase Online UPS
2) By Line-Interactive UPS: Single-Phase Line-Interactive UPS, Three-Phase Line-Interactive UPS
3) By Off-Line Or Standby UPS: Standby UPS For Home Or Small Office, Standby UPS For Industrial Or Commercial Use
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What Long-Term Drivers Are Shaping Uninterruptible Power Supply (UPS) Market Trends?
The expanding telecommunications industry is expected to drive the growth of the uninterruptible power supply (UPS) market. The telecommunications sector, responsible for transmitting and exchanging information via technologies like the internet and radio, is growing due to the increasing demand for reliable connectivity and rapid technological advancements. UPS systems are vital for maintaining continuous operations in the telecommunications industry during power disruptions. For instance, in Q4 2023, UK fixed voice service revenues reached $1.69 billion, underlining the telecommunications sector's growth, which is boosting the UPS market.
Who Are the Top Competitors in Key Uninterruptible Power Supply (UPS) Market Segments?
Major companies operating in the uninterruptible power supply (UPS) market are Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, GE Healthcare, Emerson Electric Co., Delta Electronics Inc., Kohler Co., Vertiv Holdings Co., Socomec Group S.A., S&C Electric Company, CyberPower Systems Inc., AEG Power Solutions B.V., Sendon International Ltd., Fuji Electric Co Ltd., Hitachi Industrial Equipment Systems Co Ltd., Borri S.p.A., Riello Elettronica S.p.A., Centiel SA, Chloride Systems, Potencia Industrial
What Uninterruptible Power Supply (UPS) Market Trends Are Gaining Traction Across Different Segments?
Companies in the uninterruptible power supply (UPS) market are emphasizing advanced solutions, like HotSync's load-sharing technology, to enhance their competitive position. This technology balances power loads across multiple sources, boosting efficiency and reliability. For example, Eaton Corporation introduced the 9395X UPS in May 2024, a space-saving, intelligent UPS designed for hyperscale and colocation data centers, offering up to a 50% reduction in footprint and improved power density.
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Which Regions Are Becoming Hubs for Uninterruptible Power Supply (UPS) Market Innovation?
North America was the largest region in the uninterruptible power supply (UPS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the uninterruptible power supply (UPS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Uninterruptible Power Supply (UPS) Market?
2. What is the CAGR expected in the Uninterruptible Power Supply (UPS) Market?
3. What Are the Key Innovations Transforming the Uninterruptible Power Supply (UPS) Industry?
4. Which Region Is Leading the Uninterruptible Power Supply (UPS) Market?
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