USD 1.64 Billion
Report ID:
SQMIG55E2028 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
97
|Figures:
76
Modular Uninterruptible Power Supply Market size was valued at USD 1.79 Billion in 2023 and is poised to grow from USD 1.96 Billion in 2024 to USD 4.03 Billion by 2032, growing at a CAGR of 9.40% during the forecast period (2025-2032).
The expansion in the modular UPS market can be attributed to the rising adoption of smaller modular systems, which has spurred demand. A noteworthy advantage of employing a modular UPS system lies in its adaptability to meet varying load demands, a feature not offered by fixed-capacity UPS systems. This adaptability facilitates the automatic transition of non-essential operations into a "sleep mode," optimizing operational efficiency.
Another significant benefit of modular UPS systems is their efficiency in terms of service and maintenance. In case of module replacement, these systems generally require only around 30 minutes for completion, with the presence of a UPS service engineer on-site. These advantages are driving the gradual replacement of traditional vertical (tower-type) structure UPS systems with modular counterparts.
The rapid growth in colocation and cloud services, coupled with increased utilization of cloud applications across various industries, is poised to propel the modular UPS market in the forecast period. Nonetheless, a challenge lies in the limited awareness among non-data center entities regarding the benefits of modular UPS systems. To foster further market growth, it is imperative to raise awareness about the advantages of modular UPS systems among non-data center segments.
US Modular Uninterruptible Power Supply Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.64 Billion
Largest Segment
Three Phase
Fastest Growth
Three Phase
Growth Rate
9.40% CAGR
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The global modular uninterruptible power supply market is segmented on the basis of capacity, topology, Phase, End – User, Region. By capacity, the market is segmented into below 1.5 kVA, 1.5 kVA to 5 kVA, 5.1 kVA to 10 kVA, 10.1 kVA to 200 kVA, Above 200 kVA. By topology, the market is segmented into standby UPS, line interactive UPS, double conversion online UPS. By phase, the market is segmented into single phase, three phase. By end – user industry, the market is segmented into data center, IT & telecommunication, healthcare, industrial, BFSI, utility, energy, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Modular Uninterruptible Power Supply Market Analysis By Phase
Due to their reliable performance and adaptability, three-phase modular uninterruptible power supply (UPS) systems dominate the global market. In industrial and data center situations, where a constant source of power is essential, these systems are highly preferred. Three-phase UPS systems are used by sectors including manufacturing, heavy industry, and large-scale data centers to guarantee the continued operation of crucial equipment and guard against expensive downtime. Furthermore, in these settings, dependability and redundancy are critical, and three-phase UPS systems excel at supplying the required power redundancy.
However, while being less prevalent, single-phase modular UPS systems have grown significantly in recent years, especially in situations with lower power demands. In smaller-scale applications like offices, microdata centers, and retail spaces, these technologies have established a solid presence. Their attractiveness stems from their adaptability and scalability, which make them appropriate for settings where power requirements may change or grow over time. Additionally, single-phase modular UPS systems offer effective protection against power disturbances and outages for equipment that is power-sensitive in offices and small data centers.
Modular Uninterruptible Power Supply Market Analysis By End – User
Data centers have a vital need for uninterrupted power supply, which accounts for their dominance in the global modular uninterruptible power supply (UPS) market. The wide variety of computers and essential equipment that enable internet services, cloud computing, and data storage are housed in data centers, which act as the backbone of the digital era. Because of its capacity to provide incredibly dependable power protection, scalability to handle growing server farms, and redundancy to assure uninterrupted operation even in the case of power outages, modular UPS systems are in high demand in data centers. Modular UPS systems are in high demand as the digital environment and data center infrastructure both increase at the same time.
The concurrently growing reliance on communication networks and mobile devices is responsible for the IT and communications sector's significant rise in the modular UPS industry. The industry has enormous power needs, thus reliable power backup solutions are required to guarantee unbroken connection and communication services. Due to their operational effectiveness, flexibility to adapt to changing network architecture, and ability to handle a variety of IT and telecommunications equipment, modular UPS systems fully meet the demands of the industry. The demand for seamless digital connectivity and communication is growing globally, and the IT and telecommunications industry is still the main driver of the modular UPS market's development.
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The modular uninterruptible power supply (UPS) industry has been significantly impacted by North America, particularly the United States. This popularity can be due to the region's profusion of data centers, strong IT infrastructure, and vital facilities that rely significantly on modular UPS systems for a reliable power supply. The increasing speed of digital transformation, the widespread use of cloud services, and the vital requirement for dependable power protection in industries like healthcare, banking, and telecommunications are driving demand for modular UPS in North America. Modular UPS systems are crucial for protecting data and infrastructure as companies and organizations depend more and more on data-driven operations.
In contrast, the modular UPS market is now expanding dramatically in the Asia-Pacific region, led by nations like China, India, and Japan. The rise of the IT and telecommunications industries, together with significant industrial and manufacturing operations, are the driving forces behind the region's prosperity. The need for modular UPS systems to safeguard power supply and guard against disruptions has increased as businesses in these nations keep growing. An increasing understanding of the importance of power quality and the demand for dependable backup power solutions is also present, particularly in light of the frequent power outages. Asia-Pacific is well-positioned for sustained, rapid growth in the modular UPS market due to the region's increased expenditures in infrastructure development and strong focus on improving data center capabilities.
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Modular Uninterruptible Power Supply Market Drivers
Growing Digitalization and Data Centers
Increasing Power Quality Awareness
Infrastructure Growth
Modular Uninterruptible Power Supply Market Restraints
Initial Investing Expenses
Knowledge and Instruction
Incompatibility Problems
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The global modular UPS market is characterized by fierce rivalry between multiple well-established competitors who are all competing for market leadership through a combination of ongoing innovation and strategic efforts. These businesses have a strong commitment to R&D projects targeted at expanding their product lines. Industry behemoths like Schneider Electric, Eaton Corporation, ABB Ltd., Delta Electronics, Vertiv, Legrand, and Riello UPS are just a few of the significant participants in the worldwide modular UPS market. These industry leaders have a strong global presence and provide a wide range of modular UPS systems that are specifically designed to meet the needs of various business sectors.
The top competitors in the modular UPS market have taken a number of strategic tactics to maintain and strengthen their competitive positions. One such approach entails investing in mergers and acquisitions, which enables these organizations to increase their geographical reach and product portfolios by combining complementary businesses. Additionally, strategic alliances and partnerships with businesses and data center suppliers offer ways to tap into developing markets and profit from technology breakthroughs. Along with these tactics, businesses emphasize advancements in lithium-ion battery technology and the creation of environmentally friendly UPS systems to meet the growing need for effective and sustainable power protection solutions.
Modular Uninterruptible Power Supply Market Top Player’s Company Profiles
Modular Uninterruptible Power Supply Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global modular uninterruptible power supply market analysis, the market for modular uninterruptible power supplies (UPS) is expected to expand and innovate during the next few years. Modular UPS systems have become a flexible and effective option as companies and key infrastructure sectors demand uninterrupted power supply. Leading companies in the industry, including Eaton Corporation, Schneider Electric, and ABB Ltd., are advancing technology, providing environmentally friendly solutions, and boosting their worldwide reach through strategic partnerships and acquisitions. Additionally, by allowing proactive defect detection and predictive maintenance, the merger of artificial intelligence and IoT technology is poised to completely reimagine the sector. The modular UPS market is anticipated to have continuous growth because of the evolving digital environment and the rising demand for dependable power protection, particularly in areas like North America and Asia-Pacific where data centers and industrial growth are key drivers. The modular UPS market, as a whole, continues to be active and sensitive to the changing demands of companies throughout the world, assuring the uninterrupted availability of crucial power in a world that is more and more dependent on technology.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.64 Billion |
Market size value in 2031 | USD 3.68 Billion |
Growth Rate | 9.40% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Modular Uninterruptible Power Supply Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Modular Uninterruptible Power Supply Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Modular Uninterruptible Power Supply Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG55E2028
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