Global Uninterruptible Power Supply (UPS) Market growing at a CAGR of 7.1% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
The Uninterruptible Power Supply (UPS) market is poised for strong expansion and is expected to reach USD 17,947.28 million by 2030. The market was sized at USD 10,529.07 million in 2022 and is projected to grow at a compound annual growth rate of 7.1% during the period 2023-2030.
The report highlights the increasing adoption of Uninterruptible Power Supply (UPS) owing to growing numbers of data centers across the globe, for the requirement of uninterrupted business services. Consegic Business Intelligence provides an inclusive research report on the Uninterruptible Power Supply (UPS) market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Uninterruptible Power Supply (UPS) Market By Overview
Consegic Business Intelligence provided an inclusive research report on the Uninterruptible Power Supply (UPS) market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Increasing demand for continuous power supply among residential, commercia, and industrial sectors is boosting the market growth
Get Free SampleMarket Dynamics
Driver:
- Increasing application of UPS against power interruption across different sectors is driving the market growth
- Growing demand of backup source for providing power supply to electronic devices is driving the market growth
Restraints:
- High initial cost of equipment and operational expenditure is restraining the market growth
- Ecological concerns associated with the disposal of battery
Market Segmentation:
| Report Attributes | Report Details |
| By Capacity | Less than 10 kVA, 10-50 kVA, 51-100 kVA, and Above 100 kVA |
| By Type | Standby UPS System, Online/Double Conversion UPS System, and Line-interactive UPS System |
| By Application | Residential, Commercial, and Industrial |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for Uninterruptible Power Supply (UPS) market is highly competitive with major players including Cyber Power Systems Inc., Infineon Technologies AG, Toshiba Corporation, Shenzhen INVT Electric Co. Ltd., Active Power, and others that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the Uninterruptible Power Supply (UPS) market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Vertiv Group Corp.
- Emerson Electric Co.
- ABB Ltd.
- Schneider Electric
- Baykee (Guangdong) Technology Co. Ltd.
- Cyber Power Systems Inc.
- Infineon Technologies AG
- Toshiba Corporation
- Shenzhen INVT Electric Co. Ltd.
- Active Power
- DELTA UPS & Regulator
- Delta Power Solutions
- HONGBAO Power Supply Co. Ltd.
- Guangdong Zhicheng Champion Group Co. Ltd.
- Sendon Electronics Co. Ltd.
- EAST Group Co. Ltd.
- Eaton
- Shenzhen Jeidar Electronics Co. Ltd.
- AEG Power Solutions
- Shenzhen Kstar Science&Technology Co. Ltd.
