Press release
UPS Market: Industry Analysis and Detailed Profiles of top Industry Players
Key participants in the global UPS market to name a few are Eaton Corporation Plc., Emerson Electric, Uninterruptible Power Supplies Ltd., Mitsubishi Electric Corporation, Riello Elettronica, Schneider Electric SE (APC), Legrand, Vertiv Co., and ABB Limited.
A report by Transparency Market Research envisages the global UPS market to peg a CAGR of 7.5% between 2017 and 2025, for the market to become worth US$9,881.9 mn by the end of 2025 from US$5,201.9 mn in 2016.
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Data center and facility application segment led the UPS market in 2016 in terms of revenue. Going ahead, the segment is expected to clock a significant 7.5% CAGR between 2017 and 2025. Based on kVA range, in 2016, 20.1-60 kVA range segment accounted for the leading revenue contribution mainly because of its high adoption in data centers. On the other hand, the segment of less than 5kVA segment is predicted to expand at a significant CAGR from 2017 to 2025.
Geography-wise, Europe followed by North America were the leading revenue generating regions in 2016. These regions are expected to hold on to maintain their positions over the forecast period.
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Majorly fuelling the global UPS market is the increasing frequency of power fluctuations and growth in the number of data centers and cloud storage utilization capacity. Natural causes, short circuits as well as manmade outages are the some of the key factors for power fluctuations that can cause equipment degradation over a period or instantaneous loss of data stored on the equipment. This necessitates power backup, especially in emerging economies that do not have reliable energy infrastructure.
Power backup in small and large scale industries protects sensitive equipment from getting damaged in the event of fluctuations in the power grid. UPS systems are crucial for hospitals wherein power fluctuations can put patients’ life in danger. UPS systems are also crucial for factories to prevent accidents, loss of downtime.
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At present, expansion of wireless internet connectivity and the incessant penetration of smartphones have led to generation of massive volumes of data thus leading to the need for mega capacity data centers. Data centers require continuous power supply to protect operational data, IT equipment and to keep cooling systems running. Emerging economies such as China and India have emerged as preferred destinations for setting up data centers due to the advantage of reliable infrastructure at low costs. Global mobile service providers are constructing mega capacity data centers in these destinations to manage rapidly-increasing data traffic. As a result, Asia Pacific is emerging to be a key market for UPS for power backup needs of these establishments.
Lastly, advancements in UPS systems leading to the development of transformer-less UPS, lithium-ion technology and modular UPS are expected to positively influence the market’s growth.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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