Global UPS Market

Global UPS Market Size, Share, Growth Analysis, By Product Type(Online/ Double Conversion, Line-interactive), By Capacity(Up to 50 kVA, 51-200 kVA), By Application(Residential, Commercial) - Industry Forecast 2022-2028


Report ID: SQSG45J2030 | Region: Global | Published Date: October, 2022 | Pages: 157

Global UPS Market Insights

Global UPS Market size was valued at USD 7.66 billion in 2021, and it is expected to reach a value of USD 10.33 billion by 2028, at a CAGR of more than 4.36% over the forecast period (2022- 2028).

An uninterruptible power supply (UPS) is a battery backup system that provides continuous power to electric devices in the event of a power outage or voltage drop. It offers a safe way to shut down systems, reducing data loss and repair costs. UPSs are commonly used with desktop computers to prevent data loss in the event of power outages and voltage fluctuations, which can shorten the life of the hardware and circuits inside. Because of the need for continuous power, the commercial and residential sectors have seen an increase in demand for UPS systems.

Rapid urbanisation and growth in the IT market are driving the global uninterruptible power supply market. Furthermore, benefits associated with the use of UPS, such as loss limitation to numerous electrical components and appliances, and data maintenance on servers, are important drivers for the uninterruptible power supply (UPS) market. Understanding these systems as an essential power backup device for making work more effective and efficient is becoming more popular. The availability of data centre rack solutions and technological advancements are also expected to drive market growth. As developing economies such as China, India, and Japan experience significant industrial inflation, the demand for dependable power solutions is expected to drive UPS market growth.

Market snapshot

Global Market Size

USD 7.66 billion

Largest Segment

Line-interactive

Fastest Growth

Line-interactive

Growth Rate

more than 4.36% CAGR

Global UPS Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
Global UPS Market Size By Product Type , 2021-2028 ($ Bn)
Global UPS Market Size By Product Type, 2021-2028 (%)

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Global UPS Market Segmental Analysis

The global UPS market is segmented based on the product type, capacity, application and region. Based on the product type, it is segmented into online/ double conversion, line-interactive, and off-line/ standby. Based on capacity, it is segmented Up to 50 kVA, 51-200 kVA, and above 200 kVA. Based on application, it is segmented into residential, commercial, industrial, telecom, data center, marine, medical, and others. Based on region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Product Type

The global UPS market is segmented based on product type into online/ double conversion, line-interactive, and off-line/ standby. The off-line/standby segment accounted for the lion's share of the market, and it is expected to retain its allure over the forecast period due to its lower cost, modular design, and higher reliability. Standby systems are only used when normal power supply lines are disrupted, which increases their operating life and available recharging time.

Analysis by Application

The global UPS market is segmented based on application into residential, commercial, industrial, telecom, data center, marine, medical, and others. The data center and telecommunications centers have been the forerunners in deploying UPS systems to ensure smooth operation. This has resulted in the industrial segment accounting for a significant share of the market, as many small to medium data centers require and use uninterruptible power supplies to prevent data loss in the event of a power outage caused by power outages or voltage fluctuations.

Global UPS Market By Product Type, 2021(%)

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Global UPS Market Regional Insights

The global UPS market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Due to rise in automation in insurance, healthcare, and financial services, North America accounted for the lion's share of the global market. The North American market is also expanding as a result of the expansion of telecommunications and cloud-based services in the United States and Canada. Asia-Pacific is the fastest-growing region for the global uninterruptible power supply market, owing to the increasing number of collaborative data centres in developing countries such as India and China. Because of the region's exponential population growth, the expansion of power, manufacturing, food and beverage, and all other industries has directly increased the demand for uninterrupted power supply and thus UPS. As a result of increased automation and cloud services in the manufacturing and processing industries, Europe, the Middle East, and Africa are all experiencing steady growth. The Latin American market is expected to remain stagnant until the end of the forecast period due to low investments and slow growth in data centers and cloud-based computing in the region.

Global UPS Market By Geography, 2021 - 2028
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Global UPS Market Dynamics

Driver

  • Increasing demand from various sectors for zero power downtime is also expected to drive ups market growth during the forecast period. In the IT sector, there is a high demand for UPS systems; many manufacturing processes have now adopted microprocessors and PC-based systems that are responsive and sensitive to power outages. A few seconds of power outage can disrupt industrial processes, resulting in significant financial losses. As a result, most businesses across industries have begun to adopt superior UPS and modular UPS systems.

Restrain

  • High installation and maintenance costs associated with UPS are a challenge for the uninterruptible power supply (UPS) market. Furthermore, due to the rapid growth of high-powered equipment, the main impediment to the growth of the uninterruptible power supply (UPS) market during the forecast period of 2021-2028 is the regular replacement of batteries and updating the elements and technology. Nonetheless, advancements in UPS battery systems, such as new Lithium-ion (Li-ion) batteries with high operating temperatures, will create profitable opportunities in traditional data centers. Furthermore, Li-ion batteries outlast traditional Valve Regulated Lead Acid (VRLA) batteries by two to three times.

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Global UPS Market Competitive Landscape

Key ups market players include ABB Ltd., Ablerex Electronics Co. Ltd., Arabian Power Electronics Company, Delta Power Solutions Pvt., Ltd., Eaton Corporation, Inc., Emerson Electric Co., ENERSYS, Huawei Technologies Co., Ltd., Kstar New Energy, Co., Ltd., Mitsubishi Electric Corporation, Riello Elettronica Group,Schneider Electric SE, Siemens AG, SOCOMEC Group S.A., SolarEdge Solution (Ga Market participants are focusing on expanding their footprints by introducing new, smaller-footprint UPS solutions. Strategic collaborations have also been important in gaining access to the expanding market.

Top Players Company Profiles

Recent Developments

  • In November 2021, Long-Life 240W and 480W DIN Rail Mounted Uninterrupted Power Supplies were introduced by Emerson; the ultra-reliable SolaHD SDU DC-B UPS control module has a useful service life of 15 years.
  • In October 2021, With the new 5kW APC Smart-UPS Ultra, Schneider Electric has introduced the next innovation game-changer to address hybrid IT infrastructure challenges. The latest single-phase Uninterruptible Power Supply (UPS) includes EcoStruxure for remote monitoring, management, and services, as well as Lithium-ion batteries, making it the lightest single-phase 5kW UPS on the market.

Global UPS Key Market Trends

  • In recent years, there has been a significant increase in the fourth industrial revolution, also known as industry 4.0. It is revolutionizing manufacturing processes by incorporating new technologies into production facilities and operations, such as the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning. These operations are critical, and many businesses use an uninterruptible power supply to stabilize power and streamline production during a power outage to protect data and production line downtime.
  • Advances in UPS battery technology, such as new lithium-ion (Li-ion) batteries with high operating temperatures, are expected to open up enormous opportunities in traditional data centers. When the electricity grid fails, a UPS system can be installed as a backup system, opening up new opportunities in the future.

Global UPS Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global UPS market analysis, The Asia-Pacific region is in development, with frequent blackouts and unstable power supply throughout the region, particularly in Malaysia, Cambodia, the Philippines, and several other countries. The region's thriving industrial and manufacturing sectors, telecom sector, commercial sector, and residential sector are major end-users of UPS systems. The manufacturing sector is one of the major contributors to the economies of various countries in the Asia-Pacific region, with China being the largest manufacturing hub. Japan, India, South Korea, and Indonesia are among the major Asia-Pacific contributors, with Vietnam, Malaysia, and Singapore expected to increase their share during the forecast period.

Automation in the manufacturing sector, which includes computer-based control systems, Programmable Logic Control (PLC) units, and process control applications, has necessitated the installation of UPS systems in industrial facilities. The manufacturing sector includes a wide range of industries such as the automotive industry, food processing industry, semiconductors, steel manufacturing, and many more, all of which require power quality equipment such as UPS systems for smooth operations because fluctuating and disruptive power causes significant financial losses to the industries.

Report Metric Details
Market size value in 2021 USD 7.66 billion
Market size value in 2028 USD 10.33 billion
Growth Rate more than 4.36%
Base year 2021
Forecast period 2022- 2028
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Online/ Double Conversion, Line-interactive, Off-line/ Standby
  • Capacity
    • Up to 50 kVA, 51-200 kVA, Above 200 kVA
  • Application
    • Residential, Commercial, Industrial, Telecom, Data Center, Marine, Medical, Others
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
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global UPS Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global UPS Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global UPS 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 Global UPS 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.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global UPS Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global UPS Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global UPS Market size was valued at USD 7.66 billion in 2021, and it is expected to reach a value of USD 10.33 billion by 2028, at a CAGR of more than 4.36% over the forecast period (2022- 2028).

Key ups market players include ABB Ltd., Ablerex Electronics Co. Ltd., Arabian Power Electronics Company, Delta Power Solutions Pvt., Ltd., Eaton Corporation, Inc., Emerson Electric Co., ENERSYS, Huawei Technologies Co., Ltd., Kstar New Energy, Co., Ltd., Mitsubishi Electric Corporation, Riello Elettronica Group,Schneider Electric SE, Siemens AG, SOCOMEC Group S.A., SolarEdge Solution (Ga Market participants are focusing on expanding their footprints by introducing new, smaller-footprint UPS solutions. Strategic collaborations have also been important in gaining access to the expanding market. 'ABB Ltd','Eaton Corporation','Emerson Electric Co.','Schneider Electric SE','Vertiv Co.','Huawei Technologies Co., Ltd.','Mitsubishi Electric Corporation','SolarEdge Technologies Limited','Toshiba Corporation','Riello Elettronica SPA'

Increasing demand from various sectors for zero power downtime is also expected to drive ups market growth during the forecast period. In the IT sector, there is a high demand for UPS systems; many manufacturing processes have now adopted microprocessors and PC-based systems that are responsive and sensitive to power outages. A few seconds of power outage can disrupt industrial processes, resulting in significant financial losses. As a result, most businesses across industries have begun to adopt superior UPS and modular UPS systems.

In recent years, there has been a significant increase in the fourth industrial revolution, also known as industry 4.0. It is revolutionizing manufacturing processes by incorporating new technologies into production facilities and operations, such as the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning. These operations are critical, and many businesses use an uninterruptible power supply to stabilize power and streamline production during a power outage to protect data and production line downtime.

The global UPS market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Due to rise in automation in insurance, healthcare, and financial services, North America accounted for the lion's share of the global market. The North American market is also expanding as a result of the expansion of telecommunications and cloud-based services in the United States and Canada. Asia-Pacific is the fastest-growing region for the global uninterruptible power supply market, owing to the increasing number of collaborative data centres in developing countries such as India and China. Because of the region's exponential population growth, the expansion of power, manufacturing, food and beverage, and all other industries has directly increased the demand for uninterrupted power supply and thus UPS. As a result of increased automation and cloud services in the manufacturing and processing industries, Europe, the Middle East, and Africa are all experiencing steady growth. The Latin American market is expected to remain stagnant until the end of the forecast period due to low investments and slow growth in data centers and cloud-based computing in the region.

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Global UPS Market

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