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Growing Demand for Uninterruptible Power Supply (UPS) is driving the growth at a CAGR of 7.4% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global Uninterruptible Power Supply (UPS) Market”.


The Uninterruptible Power Supply (UPS) Market is estimated to register a CAGR of 5.5% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the Global Uninterruptible Power Supply (UPS) market— ABB Ltd., Delta Power Solutions, Eaton Corporation, Emerson Electric Co., Huawei Technologies Co., Ltd.


Market Highlights


The Global Uninterruptible Power Supply (UPS) market is accounted for to register a CAGR of 5.5% during the forecast period and is estimated to reach USD 1,446.75 Million by 2030.


One of the primary driving forces in the Uninterruptible Power Supply (UPS)s market is the rising need for high-quality, efficient ups for continuous power supply. With increasing reliance on technology and sensitive electronic equipment, businesses and industries are prioritizing the deployment of UPS systems to safeguard against power interruptions and ensure uninterrupted operations. This growing necessity stems from the detrimental impact of power outages on productivity, data loss, and equipment damage, highlighting the crucial role of UPS solutions in maintaining seamless operations and mitigating risks associated with power disruptions.


Furthermore, natural calamities such as cyclones and heavy rainfall and human errors such as overload and operational accidents are some of the challenges in providing a continuous power supply, contributing to the demand for UPS products. Due to the abovementioned factors, it becomes challenging for the power suppliers to provide an adequate amount of electricity to run the electrical appliances seamlessly. To overcome these challenges, smaller uninterruptible power supply (UPS) devices are used as an interface between the primary power source and connected devices, which helps provides consistent power backup during inconsistent power supply. For instance, Eaton Corporation, one of the leading UPS manufacturers, offers a premium battery backup UPS named Eaton 3P UPS. This product is equipped with EcoControl functionalities, can safeguard more than ten home appliances, saves more than 30% more energy than the conventional battery backups, and is equipped with plug-and-play compatibility that enables automatic integration with other devices. Other companies such as ABB Ltd and Schneider Electric also offer highly efficient UPS systems on a large scale.


One of the primary drivers of the UPS market growth is the exponential growth of data generated and processed by various industries. With the proliferation of digital technologies, the volume of data being created and stored is growing at an unprecedented rate. This surge in data usage has led to a surge in the construction of data centers, which serve as the backbone of the digital economy. Data centers require robust power protection systems to ensure uninterrupted operation and prevent data loss or downtime, making UPS solutions an essential component of their infrastructure.


North America emerges as a key player, holding the highest share in the UPS market due to its robust technological infrastructure, coupled with stringent regulations governing power reliability and quality. The region's mature industrial sector, along with the widespread adoption of digitalization and cloud computing, drives the need for reliable power backup solutions. Furthermore, Asia-Pacific is witnessing significant growth in the UPS market, fueled by rapid industrialization, urbanization, and the burgeoning IT and telecommunications sectors. Emerging economies in the region, such as China and India, are experiencing a surge in demand for UPS systems to address power reliability challenges and support burgeoning digital ecosystems.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Uninterruptible Power Supply (UPS) Market Trends

Segment Analysis


The Global Uninterruptible Power Supply (UPS) market has been segmented based on rating, product types, component, application, and region.


The global Uninterruptible Power Supply market segmentation, based on Rating has been segmented as <5KVA, 5-<50KVA, 50-200KVA, and >200kVA. Among these, the 5-<50KVA Component is projected to dominate the global Uninterruptible Power Supply market revenue through the projected period as estimated by MRFR analysts. This dominance can be attributed to several factors, including the widespread adoption of mid-range UPS systems across various industries and applications. Organizations often opt for UPS systems in this rating range due to their versatility, offering an optimal balance between power capacity, efficiency, and cost-effectiveness. Moreover, the increasing demand for reliable power backup solutions in small to medium-sized businesses, data centers, healthcare facilities, and telecommunications networks further propels the growth of this segment.


Based on product type, the market is segmented as Off-Line/Standby, Line Interactive, Online/Double Conversion. Out of which the Off-Line/Standby segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. This segment's dominance can be attributed to its widespread adoption across various industries, owing to its cost-effectiveness and suitability for applications with relatively lower power protection requirements. Off-Line/Standby UPS systems are typically used to provide backup power in scenarios where occasional power interruptions occur, offering a seamless transition from utility power to battery power during outages. Additionally, advancements in technology have enhanced the efficiency and reliability of Off-Line/Standby UPS systems, further driving their market dominance. As organizations continue to prioritize the need for reliable power backup solutions, the Off-Line/Standby segment is expected to retain its leading position in the UPS market.


Based on Component, the market is segmented as rectifier, batteries. inverter, static bypass switch, capacitors, fans, others. Out of which the  Batteries segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. This segment's dominance can be attributed to the critical role of batteries in UPS systems, serving as the primary source of backup power during utility failures or interruptions. Batteries play a crucial role in ensuring uninterrupted power supply to critical equipment and systems, making them indispensable components of UPS solutions across various industries. Furthermore, advancements in battery technology, such as the development of high-capacity and long-life batteries, have further bolstered the dominance of the Batteries segment in the UPS market. As organizations continue to prioritize the need for reliable power backup solutions, the Batteries segment is expected to retain its leading position in the market.


Based on Application, the market is segmented as telecommunication, data center, medical, industrial, Marine, others. Out of which the Data Centre segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. This segment's dominance can be attributed to the critical role of UPS systems in ensuring continuous and reliable power supply to data centers, which are vital hubs for storing, processing, and distributing digital information. Data centers operate on a 24/7 basis and cannot afford any downtime, making UPS solutions indispensable to safeguard against power interruptions and ensure uninterrupted operation of servers, networking equipment, and storage systems. Furthermore, the rapid expansion of cloud computing, big data analytics, and internet-based services has fueled the demand for data center infrastructure, thereby driving the growth of the UPS market in this segment.


Regional Analysis


By region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the North America emerged as the leading and the fastest-growing region. This dominance can be attributed to several factors, including the region's robust technological infrastructure, high adoption rates of advanced technologies, and stringent regulations governing power reliability and quality. Additionally, North America boasts a mature industrial sector and widespread deployment of digitalization and cloud computing, driving the demand for reliable power backup solutions such as Uninterruptible Power Supply (UPS) systems.


Asia-Pacific is categorized into China, Japan, India, Australia, and the rest of Asia-Pacific. The market growth in China is mainly due to the country being a manufacturing hub and having the presence of a large number of manufacturers in the region. China is followed by India, which is expected to record the highest CAGR. The market growth is attributed to stringent government regulations for the power sector and manufacturers selling UPS products significantly through large retail formats leading to a surge in channel sales.


Middle East & Africa is categorized into four main regions namely the Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. The growth in the market would be aided by the efforts taken by various governments to strengthen their country's commercial and industrial sectors. Initiatives such as Saudi Vision 2030 and Dubai Expo 2022 would drive the development activities in non-oil sectors. Further, expansion in the areas of commercial and industrial sectors would be witnessed, which would drive the demand for UPS systems in the Middle East and Africa region during the forecast period.


Also, the UPS manufacturers are investing in research & development (R&D) activities to introduce smaller UPS systems, to expand their presence in the small and medium enterprises segment, which would further fuel the MEA UPS battery market growth in the coming years. The growth of the Middle East & Africa UPS market in the coming years is expected to be driven by several factors such as rising IT spending, increasing number of SMEs, and growing number of data centres, healthcare facilities, ATMs, and hotels. Saudi Arabia, UAE, and South Africa would be the key emerging countries in the entire Middle East & Africa region.


South America is categorized into three regions namely the Brazil, Argentina and Rest of South America. The colocation providers present in SAM are highly inclined toward remodelling their data centre UPS solutions and speeding up their IT processes to meet the customer demand for rapid data delivery; thus, propelling the demand for data centre UPS solutions. The life expectancy of a UPS in a data centre is ~10–15 years. A lead-acid battery works for ~3–6 years, while a lithium-ion battery lasts ~10 years or longer. Therefore, companies are highly focused on designing advanced battery systems for data centres. Thus, the growing deployment of UPS systems at data centres is propelling the UPS battery market growth in South America.


Key Findings of the Study



  • The Global Uninterruptible Power Supply (UPS) market is expected to reach USD 16,074.96 Million by 2030, at a CAGR of 7.4% during the forecast period.

  • The North America region accounted for the fastest growth in the global market.

  • Based on Component, the Batteries segment was attributed to holding the largest market in 2022.

  • Based on Product type, the Off-Line/Standby segment was attributed to holding the largest market in 2022.

  • Schneider Electric, Eaton Corporation, Emerson Electric Co., ABB Ltd., Toshiba Corporation, Delta Power Solutions, Kenjitsu , Huawei Technologies Co., Ltd., Siemens, Potencia Industrial

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Pages 128
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