Uninterruptible Power Supply Market: Current Analysis and Forecast (2023-2030)
Emphasis on Product Type (Offline, Line Interactive, and Online); Application (Residential, Commercial, and Industrial); Capacity (less than 10 kVA, 10-100 kVA, and Above 100 kVA); Region/Country.
The Uninterruptible Power Supply Market, is expected to reach USD 14.0 Billion in 2030 by growing at a CAGR of 3.4%. The main factors that are acting as the main growth drivers of the UPS market are the increasing IT sector with a main focus on the rise in demand from data centers. Technological advancements within the UPS industry have led to the emergence of more efficient products, further enhancing market growth.
The global UPS market is driven by several key factors, including the increasing reliance on technology, the need for business continuity, and the importance of data protection. The emergence of green and energy-efficient UPS solutions is a leading factor driving the demand for uninterruptible power supply. The rapid deployment of data centers due to massive data storage requirements and the increasing use of UPS systems are also contributing to the market growth. The demand for UPS solutions in large-scale data centers will witness high growth due to the modernization and construction of new data centers, as well as increasing power fluctuations and outages in data centers. Moreover, drivers such as the growing demand for consistent power supply from various application sectors, along with Urbanization and industrialization led to a demand for process automation and round-the-clock network usage. Furthermore, new functions such as The integration of smart technologies such as IoT and AI in UPS systems are acting as a catalyst in the growth of the global UPS market during the forecast period.
Some of the major players operating in the market include Riello Elettronica S.P.A., EATON Corporation PLC, Emerson Electric Co., Delta Electronics Inc., ABB Ltd, Schneider Electric SE, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Company, and Guangdong Zhicheng Champion Group Co., Ltd. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product Type, the online Uninterruptible Power Supply category to grow with significant CAGR during the forecast period”
Based on Product Type, the Uninterruptible Power Supply Market is divided into Offline, Line Interactive, and Online. The online segment acquired a majority share in the Uninterruptible Power Supply Market and is expected to showcase a substantial growth rate during the forecast period. An Online UPS is a type of uninterruptible power supply that utilizes either a double or delta conversion technology. With double conversion, network equipment, data centers, and a full scope of environments can be protected, and there is no transfer time in the transition to battery power. Intelligent online UPS systems are available to support demanding loads and run times. Online UPS systems maintain consistent current flow for the protection of network equipment, and upon fluctuation or failure, the rectifier within the UPS is automatically bypassed, and power is sourced from the battery until restoration occurs. The online UPS circuitry is seamless, and is costlier than units in the offline or line-interactive UPS.
“Amongst Application, the commercial category to grow with significant CAGR during the forecast period”
Based on application, the Uninterruptible Power Supply Market is divided into less than residential, commercial, and industrial. The commercial segment acquired a majority share in the Uninterruptible Power Supply Market and is expected to showcase a substantial growth rate during the forecast period. The commercial segment in the UPS market encompasses various applications across different industries such as data centers, telecommunication, healthcare, and defense sector. Telecommunication centers are at the forefront of deploying UPS systems to ensure smooth operations and maintain continuous power supply, making them a key application within the commercial segment.
“Amongst Capacity, the above 100 kVA category to grow with significant CAGR during the forecast period”
Based on Capacity, the Uninterruptible Power Supply Market is divided into less than 10 kVA, 10-100 kVA, and Above 100 kVA. The Above 100 kVA segment acquired a majority share in the Uninterruptible Power Supply Market and is expected to showcase a substantial growth rate during the forecast period. a 100 kVA UPS system can be applied in various critical applications, including healthcare, data centers, emergency services, industrial settings, telecommunications, and military/aerospace applications, providing uninterrupted power supply and protecting sensitive equipment and systems from power disruptions. A 100 kVA UPS can provide an uninterrupted power supply for medical facilities, ensuring that critical equipment and systems remain operational during power outages or fluctuations.
“APAC to grow with high CAGR during forthcoming years”
APAC acquired the highest market share in the Uninterruptible Power Supply Market and is expected to witness an influential CAGR in the forecasted period. APAC registered a significant market share in the Uninterruptible Power Supply Market and is expected to witness an influential CAGR in the forecasted period. In the Asia-Pacific region, Uninterruptible Power Supply production is expected to grow, with some leading countries including China, Japan, India, and Australia. China and India are home to one of the biggest markets for UPS in the APAC region. The growth of the Asia-Pacific Uninterruptible Power Supply (UPS) market is driven by several factors, including the increasing demand for power and the phasing out of coal power plants, which has led to power outages and subsequently increased the demand for UPS systems. Additionally, the rapid growth of the data center market, along with the increasing electricity demand from end-users such as manufacturing and commercial sectors is a major driving factor for the UPS market in the APAC region. Asia Pacific is also the home of data center giants such as GDS Holdings, Global Switch, NEXTDC, and AirTrunk. These companies are some of the biggest data center companies in the region and captured a significant chunk of the UPS market.
Uninterruptible Power Supply Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Uninterruptible Power Supply market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Uninterruptible Power Supply Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Uninterruptible Power Supply market were the three major steps undertaken to create and analyze the adoption of Uninterruptible Power Supply in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Uninterruptible Power Supply market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Uninterruptible Power Supply market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Uninterruptible Power Supply market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as Product Type, Application, and Capacity. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Uninterruptible Power Supply market. Further, we conducted factor analysis using dependent and independent variables such as Product Type, Application, and Capacity of the Uninterruptible Power Supply market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Uninterruptible Power Supply market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Uninterruptible Power Supply market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Uninterruptible Power Supply market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Uninterruptible Power Supply market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Uninterruptible Power Supply market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the Product Type, Application, and Capacity in the global Uninterruptible Power Supply market.
The main objective of the Global Uninterruptible Power Supply Market Study
The current & future market trends of the global Uninterruptible Power Supply market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Uninterruptible Power Supply market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the Product Type, Application, and Capacity
- Define and analysis of the regulatory framework for the Uninterruptible Power Supply industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Uninterruptible Power Supply market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Uninterruptible Power Supply market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the global Uninterruptible Power Supply market?
Q2: What are the driving factors for the growth of the global Uninterruptible Power Supply Market?
Q3: Which segment has the largest share of the global Uninterruptible Power Supply market by Product Type?
Q4: What are the emerging technologies and trends in the global Uninterruptible Power Supply market?
Q5: Which region will dominate the global Uninterruptible Power Supply market?
Q6: Who are the key players operating in the global Uninterruptible Power Supply market?
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