- Summary
- Table Of Content
- Methodology
Uninterruptible Power Supply (UPS) Market Size :
Uninterruptible Power Supply (UPS) Market size is estimated to reach over USD 17,947.28 Million by 2030 from a value of USD 10,529.07 Million in 2022, growing at a CAGR of 7.1% from 2023 to 2030.
Uninterruptible Power Supply (UPS) Market Scope & Overview:
An Uninterruptible Power Supply (UPS) is a device installed in residential, commercial, and industrial infrastructure that allows individuals and businesses to retain power during a power failure. UPS is mainly designed to work in conjunction with energy storage devices such as batteries. In addition, advancement in technology including remote monitoring of UPS within data centers, IT infrastructure, and at other locations is promoting the UPS market.
Moreover, the growing trend of urbanization and the development of smart cities coupled with improvements in healthcare facilities that require continuous power supply are driving the market. Thus, the presence of a UPS avoids interruption of power to critical equipment and their operation which is prone to machine damage and the operational procedure is boosting its demand. For instance, Mitsubishi Electric Power Products Inc. has introduced SUMMIT Series UPS for healthcare facilities to avoid any power interruption during medical procedures. The aforementioned UPS series is designed to operate at higher efficiency by consuming less energy.
Uninterruptible Power Supply (UPS) Market Insights :
Uninterruptible Power Supply (UPS) Market Dynamics - (DRO) :
Key Drivers :
The increasing application of UPS against power interruption across different sectors is driving the market.
Uninterruptible Power Supply (UPS) is employed for a variable and wide range of applications among different sectors. The reasons for the utilization of UPS include power backup, data protection, voltage regulation, surge protection, and others. The aforementioned are critical for an industry and need to be taken into consideration for the proper function of different operations within an industry.
UPS systems are mainly applied for surge protection, sudden spikes in voltage caused due to electrical turbulence, and others. UPS often includes voltage regulation features that allow the system to stabilize the incoming power supply. Moreover, the key requirement for the protection of data among critical infrastructure including data centers, healthcare facilities, and others is promoting the uninterruptible power supply (UPS) market demand. For instance, Delta Power Solutions is offering Modular UPS - DPH Series, a Three Phase 25 – up to 200 kW of modular UPS that are designed to operate at medium-sized data centers.
Growing demand for backup sources for providing power supply to electronic devices is driving the market growth.
Uninterruptible Power Supply (UPS) systems are largely installed for both small, medium, and large enterprises to ensure a continuous source of power to electrical equipment. The key benefits offered by UPS, include prevention of data loss, damage to electronic equipment, and disruption of business operation is fuelling its demand.
Small enterprises have limited infrastructure and therefore rely highly on the proper functioning of business. Moreover, protecting data and critical equipment tends to be a key priority for the organization. A sudden power outage results in data loss which further impacts the business on an operational and financial basis. Therefore, market trends depict that to protect business installations, both for small, medium, and large infrastructures, the adoption of UPS is growing, hence driving its uninterruptible power supply (UPS) market growth.
Key Restraints :
The high initial cost of equipment and operational expenditure is restraining the market growth.
The cost and maintenance of UPS tend to be a key factor in its demand. Installation of UPS mainly requires proper location and infrastructure. The installation of UPS depends upon the capacity and size of UPS which tends to vary depending upon the size of the organization. Moreover, their maintenance also acts as a major restraining factor in the rise of UPS, owing to investment done for replacement, man-hour expenditure, and others. Furthermore, proper functioning of UPS is mandatory to increase the lifespan of critical devices, which is further an additional cost for the organization. Therefore, market trends analysis depicts that owing to the aforementioned reasons, UPS is expensive to operate and maintain.
Ecological concerns associated with the disposal of battery
An Uninterruptible Power Supply (UPS) system requires a set of batteries to store the converted form of current. Mainly, batteries are designed to store Alternating Current into Direct Current which is maintained for a duration until the requirement is felt due to a power outage or power failure. Moreover, improper disposal of batteries including lead acid batteries is likely to be hazardous to humans and the environment thus creating a major concern for ecology. Thus, in the absence of inefficient measures, there are more likely chances of water pollution, including rivers, sea, and underground which is accounted to generate severe health complications. Therefore, the analysis of market trends depicts that the aforementioned factors tend to limit the uninterruptible power supply (UPS) market demand.
Future Opportunities :
Increasing reliance on digital infrastructure is expected to promote the market
Globally, every sector is adopting digitalization to speed up businesses and operations. Owing to digitalization, small, medium, and large enterprises are increasingly dependent upon the availability of data and information. UPS acts as critical equipment for safeguarding electrical components from power outages. Accordingly, the above requirements of organizations also require a proper data center for the storage of information and data, which ultimately promotes the market. Furthermore, the increasing adoption of IoT devices is further proliferating the demand for connected devices among various sectors which ultimately requires data centers for the storage of data thus further promoting the uninterruptible power supply (UPS) market opportunities during the forecast period.
Uninterruptible Power Supply (UPS) Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 17,947.28 Million |
| CAGR (2023-2030) | 7.1% |
| 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 |
| Key Players | 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. |
Uninterruptible Power Supply (UPS) Market Segmental Analysis :
By Capacity :
The Capacity segment is segmented into Less than 10 kVA, 10-50 kVA, 51-100 kVA, and Above 100 kVA.
The 51-100 kVA segment accounted for the largest market share of the overall uninterruptible power supply (UPS) market share in 2022. Owing to key features including modular size, the aforementioned capacity of UPS is mainly used in medium-sized installations including educational institutions, healthcare facilities, data centers, and others. Moreover, protecting electrical equipment including servers, telecom equipment, and healthcare-related critical systems is driving the uninterruptible power supply (UPS) market growth.
Furthermore, above 100 kVA capacity of UPS will tend to show the fastest CAGR during the forecast period owing to the growing requirement for efficient power backup systems to protect electrical devices from power spikes, outages, voltage fluctuations, and others. Moreover, advancements in technology in power storage devices such as batteries including VLRA lead acid and Li-Ion will further boost the uninterruptible power supply (UPS) market trends.
By Type :
The Type segment is trifurcated into Standby UPS System, Online/Double Conversion UPS System, and Line-interactive UPS System.
The online/Double Conversion UPS System segment accounts for hold largest market share of 56.4% in the year 2022 and is also projected to grow at the fastest CAGR during the forecast period. Online/Double conversion UPS system is designed to convert power twice, initially by converting AC into DC which stores energy in the battery. Moreover, upon the requirement of power during a power outage, stored DC is then converted to AC and supplied to the electrical equipment. The key features that are promoting the rise of online/double conversion systems are owing to the growing requirements for uninterrupted power services to infrastructures including data centers, healthcare facilities, and others.
Furthermore, online/double conversion systems are more reliable sources of backup power coupled with a growing reliance on digital infrastructure is further expected to drive the market during the forecast period. For instance, AEG Power Solutions has among its powerful UPS designed for data centers, namely Protect Plus M600 with power capacity ranging from 30-900 kVA. Thus, as per the uninterruptible power supply (UPS) market analysis, the aforementioned factors drive the market trends.
By Application :
The application segment is segregated into Residential, Commercial, and Industrial.
The commercial segment accounted for garnering the largest market share of the total uninterruptible power supply (UPS) market share in the year 2022. The key reason for the largest revenue generation of the segment is owing to the growing requirements of UPS in the infrastructures including data centers, telecommunication, hospitals & clinics, and others. These infrastructures are in a constant mode of operation and each critical activity happening within the facility requires a constant power supply. Thus, to avoid any power disruption and hampering operations, UPS is majorly being delayed in the aforementioned locations.
Furthermore, the rapid increase in the requirement for the storage of data for analysis and the advent of digitalization is further propelling the demand for data centers. In addition, as per the market trends analysis, the major concerns shown by governments across the globe for the improvement of healthcare sectors will further drive the adoption of UPS.
By Region :
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
North America accounted for the largest revenue share of USD 3,647.27 million in 2022 and is predicted to reach USD 6,245.65 million in 2030 in the market. In addition, in the region, the U.S. accounted for the maximum revenue share of 65.45% in the year 2022. As per the uninterruptible power supply (UPS) market analysis, North America is contributing significantly to the research and development of Uninterruptible Power Supply (UPS) and storage systems required for UPSs. Moreover, owing to the presence of key players including Infineon Technologies AG, Toshiba Corporation, Eaton, and others is fuelling the growth of UPS. In addition, the availability of large data center facilities including Microsoft, DuPont Fabros Technology, CWL1 Data Center, and others tends to drive the uninterruptible power supply (UPS) market expansion.
Asia-Pacific region is anticipated to witness the fastest growth at a CAGR of 7.4% during the forecast period, 2023-30. Owing to the factors including development of e-commerce and cloud infrastructure in the region is expected to drive the market growth during the forecast period. The region of Asia Pacific is rapidly growing in terms of trade and economics.
- In recent few years, economies including China and India have grown at a faster pace, the GDP for the countries accounted for USD 18.1 trillion and USD 3.69 trillion respectively in the year 2022.
Moreover, the regional trends analysis shows that having potential in different sectors among Asian countries, major players are interested in entering the market thus allowing them to foresee Asia Pacific as a key market that will ultimately boost the uninterruptible power supply (UPS) market expansion during the forecast period.
Top Key Players & Market Share Insights :
The landscape of the Uninterruptible Power Supply (UPS) market is highly competitive and has been examined in the report, along with complete profiles of the key players operating in the industry. In addition, the surge in innovations, acquisitions, mergers, and partnerships has further accelerated the global Uninterruptible Power Supply (UPS) market. Major players in the uninterruptible power supply (UPS) industry include-
- Vertiv Group Corp.
- Emerson Electric Co.
- 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.
- 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.
Recent Industry Developments :
- In January 2021, Toshiba International Corporation (TIC) launched the G9400 Series Uninterruptible Power System (UPS) for data centers. The G9400 Series features Gen 7 IGBTs, the latest generation of advanced Carrier Stored Trench Bi-Polar Transistor (CSTBT) IGBT technology.
- In July 2021, Eaton introduced a 9PX lithium-ion uninterruptible power supply (UPS). Eaton's new UPS is capable of providing longer battery life and a smaller footprint than valve-regulated lead-acid (VRLA) battery-powered UPS technology.
Key Questions Answered in the Report
What is an Uninterruptible Power Supply (UPS)? +
An Uninterruptible Power Supply (UPS) is a device installed at residential, commercial, and industrial infrastructure, which allows the individual and businesses to retain power during the power failure.
What specific segmentation details are covered in the Uninterruptible Power Supply (UPS) market report, and how is the dominating segment impacting the market growth? +
The Online/Double Conversion UPS System segment dominates the market in 2022 as Uninterruptible Power Supply (UPS) owing to the growing requirements for uninterrupted power services to infrastructures including data centers, healthcare facilities, and others.
What specific segmentation details are covered in the Uninterruptible Power Supply (UPS) market report, and how is the fastest segment anticipated to impact the market growth? +
Commercial segment will emerge as the fastest by application segment owing to increase in requirement for storage of data for analysis and advent of digitalization.
Which region is anticipated to witness the highest CAGR during the forecast period, 2023-2030? +
Asia Pacific is anticipated to witness the fastest CAGR during the forecast period due to the increasing investment by the government for the growth of different sectors.
