Uninterruptible Power Supply (UPS) Market Research Report Information By Rating (<5 KVA, 5-<50 KVA, 50-200 KVA, and >200 KVA), By Product Type (Online/Double-Conversion, Line-Interactive, and Off-line/Standby), By Component (Rectifier, Batteries, Inverter, Static Bypass switch, Capacitors, Fans, and Others), By Application (Marine, Industrial, Medical, Telecommunication, Data Center, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Global Uninterruptible Power Supply (UPS) Market Overview:

The Uninterruptible Power Supply (UPS) Market Size was valued at USD 10.9 billion in 2021. The uninterruptible power supply (UPS) industry is projected to grow from USD 11.8 Billion in 2022 to USD 20.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.40% during the forecast period (2022 - 2030). In large-scale manufacturing facilities, UPS systems are widely used to provide uninterrupted power supply and prevent power shortages due to the growing demand for reliable power solutions. UPS systems widely adopted across residential and commercial buildings are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Uninterruptible Power Supply (UPS) Market Trends

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  Growing pollution caused by diesel generators boosts the market growth

  
  

As a result of the increased pollution levels caused by diesel generators, many countries in the world are banning the use of diesel generators. Diesel generators are most commonly used for power backup in major industrial applications. During diesel burning, diesel generators emit carbon dioxide, carbon monoxide, nitrogen oxides (NOx), and particulates. In a diesel generator, for example, a liter of fuel produces 0.73 kg of pure carbon and 2.6 kg of carbon dioxide.

As a result, companies are using uninterruptible power supply systems for short-term blackouts to reduce air pollution in many industrial applications. Lead acid or lithium-ion batteries are often used to construct uninterruptible power supply systems. It is also important to note that generators do not provide an instant power supply, as they must be manually started. Computers and electronic equipment require instant backup power that isn't provided by generators.

The industrial revolution, known as Industry 4.0, has gained significant traction in the last couple of years. By mixing the Internet of Things (IoT), cloud computing, analytics, artificial intelligence, and machine learning into manufacturing facilities and operations, new technologies are revolutionizing manufacturing processes. As these operations are critical, many companies use an uninterruptible power supply to prevent data loss and production line downtime. They use an uninterruptible power supply to stabilize the power and streamline production during a power outage. Due to the factors mentioned above, the uninterruptible power supply (UPS) market is expected to grow the fastest during the forecast period.

As manufacturing automation has evolved with computer-based control systems, programming logic controllers, and process control applications, UPS systems are increasingly necessary for industrial facilities. In addition to providing backup power during a power outage, UPS systems protect equipment from power glitches such as power sags, surges, under voltages, overvoltages, line noise, frequency variations, switching transients, and harmonic distortions. Therefore, such an advantage related to the UPS systems has enhanced the uninterruptible power supply (UPS) market CAGR globally in recent years.

A number of technological advances in UPS battery systems, like lithium-ion (Li-ion) batteries that can operate at high temperatures, are expected to create immense opportunities for traditional data centers. UPS systems can also serve as backup systems when the electric grid fails, making them an excellent growth opportunity in the coming years, another factor driving the growth of the uninterruptible power supply (UPS) market revenue.

Uninterruptible Power Supply (UPS) Market Segment Insights:

Uninterruptible Power Supply (UPS) Rating Insights

The global uninterruptible power supply (UPS) market segmentation, based on rating, includes <5 KVA, 5-<50 KVA, 50-200 KVA, and >200 KVA. The >200 KVA uninterruptible power supply (UPS) segment held the majority share in 2021, contributing to around ~35-37% with respect to the global uninterruptible power supply (UPS) market revenue. Consequently, various heavy appliances are increasingly used by commercial and industrial end-user segments. Manufacturers expect to run facilities under power outages to maintain the same production efficiency; therefore, the demand for uninterruptible power supply systems of such high voltage has increased.

Uninterruptible Power Supply (UPS) Product Type Insights

The global uninterruptible power supply (UPS) market segmentation, based on product type, includes online/double-conversion, line-interactive, and off-line/standby. The online/double-conversion segment dominated the uninterruptible power supply market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Standby systems are only used in cases where the usual power supply has been disrupted, increasing their operating life and recharging time due to their lower cost, modular design, and greater reliability.

Uninterruptible Power Supply (UPS) Application Insights

The global uninterruptible power supply (UPS) market data has been bifurcated by application into marine, industrial, medical, telecommunication, data center, and others. The industrial segment dominated the uninterruptible power supply market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Industrial applications include nuclear power plants, oil rigs, petrochemical plants, pharmaceutical plants, food & beverage plants, etc. Uninterruptible power supplies are widely used in industry. In any industrial setting, interruption of AC power can result in dangerous process instability or costly damage to processing systems. That is why industrial uninterruptible power supply systems are installed in rugged environments.

Figure 2: Uninterruptible Power Supply (UPS) Market by Application, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Uninterruptible Power Supply (UPS) Regional Insights

By Region, the study provides uninterruptible power supply market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American uninterruptible power supply (UPS) market accounted for USD 4.99 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. A rise in automation in insurance, healthcare, and financial services is also driving the North American market, along with the rise of telecommunications and cloud-based services.

Further, the major countries studied in the uninterruptible power supply market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Uninterruptible Power Supply (UPS) Market Share By Region 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's uninterruptible power supply (UPS) market accounts for the second-largest market share due to the exponential population growth in the region; power, manufacturing, food, and beverage industries have expanded, increasing the demand for uninterrupted power supply and thus UPSs. Further, the German uninterruptible power supply (UPS) market held the largest market share, and the UK uninterruptible power supply (UPS) market was the fastest-growing market in the European region

The Asia-Pacific uninterruptible power supply (UPS) market is expected to grow at the fastest CAGR from 2022 to 2030. The Asia-Pacific region has frequent blackouts and unstable power supplies, especially in Malaysia, Cambodia, the Philippines, and several others. Industrial and manufacturing companies, telecom companies, commercial companies, and residential buildings are among the region's largest end-users of UPS systems. Moreover, China's uninterruptible power supply (UPS) market held the largest market share, and India's uninterruptible power supply (UPS) market was the fastest-growing market in the Asia-Pacific region

For instance, several players have agreed to build data centers in India in 2021. A joint venture was formed between Digital Realty and Brookfield, while a joint venture was formed between Iron Mountain and Web Werks, an alliance was formed between EdgeConneX and Adani, and a partnership was formed between Yondr and Everstone. Microsoft is currently building its fourth data center in India, and Google opened its second data center there in 2021.

Uninterruptible Power Supply (UPS) Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the uninterruptible power supply (UPS) market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Uninterruptible power supply (UPS) competitors must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies manufacturers adopt in the global uninterruptible power supply (UPS) industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the uninterruptible power supply (UPS) industry has provided medicine with some of the most significant benefits. The uninterruptible power supply (UPS) market major players such as Schneider Electric (France), Eaton Corporation (Ireland), Emerson Electric (US), ABB (Switzerland), and others are working on expanding the market demand by investing in research and development activities.

An electrical power product manufacturer, Schneider Electric SE manufactures car chargers, home security appliances, light switches, access control systems, sensors, valves, circuit breakers, cables, accessories, signaling devices, fuses, motor starters, and voltage transformers. Schneider Electric services customers around the world. In October 2021, with EcoStruxure for remote monitoring, management, and services, Schneider Electric's 5kW APC Smart-UPS Ultra was the next game-changer to address hybrid IT infrastructure issues. It is the lightest single-phase UPS on the market, with a power output of 5kW and EcoStruxure for remote monitoring, management, and services.

Also, Emerson Electric Co. creates electronic and electrical equipment, software, systems, and services. Through its divisions of network power, process management, industrial automation, climate technologies, and residential and commercial solutions, the Company provides its products to industrial, commercial, and consumer markets worldwide. In November 2021, Emerson Electric Co introduced 240W and 480W DIN Rail Mounted Uninterrupted Power Supplies with 15-year service life. The SolaHD SDU DC-B UPS control module is ultra-reliable.

Key Companies in the Uninterruptible Power Supply (UPS) market includes

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  Schneider Electric (France)

  
  


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  Eaton Corporation (Ireland)

  
  


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  Emerson Electric (US)

  
  


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  ABB (Switzerland)

  
  


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  Socomec (France)

  
  


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  Toshiba Corporation (Japan)

  
  


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  Xiamen Kehua Hengsheng Co. Ltd. (China)

  
  


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  KStar Corporation (China)

  
  


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  East Group (China)

  
  


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  Beijing Dynamic Power Co. Ltd. (China), among others

  
  

Uninterruptible Power Supply (UPS) Industry Developments

July 2023: In order to preserve and provide backup power for the computer IT equipment, Panduit Singapore introduces the SmartZoneTM Uninterruptible Power Supply (UPS). Excellent electrical performance, efficient battery management, lithium-ion units with long lifespans, improved intelligent monitoring, & network features are all provided by SmartZone. The SmartZone UPS complies with ENERGY STAR® 2.0, EMC, & safety regulations and can provide the steadily increasing power needs of business, edge, and data centre IT equipment. High reliability, efficiency, density, and secure management are the main objectives of the rack-mounted SmartZone UPS portfolio, which is supported by a skilled international support team. To fulfill your unique demands, this UPS line provides units with various power ratings, settings, and batteries.

July 2023: Easy UPS 3-Phase Modular is offered by Schneider ElectricTM, a world pioneer in the digital revolution of energy management & automation. This reliable uninterruptible power supply offers third-party validated Live Swap capabilities while being built to safeguard essential loads. Easy UPS 3-Phase Modular supports EcoStruxureTM architecture and comes in capacities ranging from 50 to 250 kW with N+1 expandable design. Easy UPS 3-Phase Modular allows you to pay as you go and maximize capital investment since scalability is a key priority. It is a component of Schneider Electric's Green Premium line, which guarantees energy efficiency, sturdiness, recyclable materials, and transparency to lessen environmental impact.

November 2022: At its Sanyapo Campus in China, Huawei unveiled two new products for its Smart Modular Data Centre and SmartLi UPS series: FusionModule2000 6.0, a modular small- to medium-sized data centre solution, and UPS2000-H, a compact power supply solution powered by SmartLi Mini. These innovative solutions are created to provide channel partners a competitive edge within the market and advance cost-effective green digitalization for enterprises. The small/medium-sized data centre solution, which has a brand-new design, is intended to suit the needs of clients in the education, government, and retail sectors that need smaller, more environmentally friendly modular data centers.

February 2022: Mitsubishi Electric Corporation announced on Tuesday that its US subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI), purchased Computer Protection Technology, Inc. (CPT) to expand its UPS business in North America. MEPPI and CPT hope to enhance their respective business models through this transaction. They offer a one-stop shop for UPS systems in the North American market, including installation and maintenance.

July 2021: A lithium-ion uninterruptible power supply (UPS) named the 9PX has been launched by Eaton globally. In addition to providing longer battery life and a smaller footprint than valve-regulated lead-acid (VRLA) battery-powered UPS technology, Eaton's new UPS is ideal for distributed, "edge" environments and light industrial applications, including healthcare and education.

Uninterruptible Power Supply (UPS) Market Segmentation:

Uninterruptible Power Supply (UPS) Rating Outlook

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  <5 KVA

  
  


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  5-<50 KVA

  
  


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  50-200 KVA

  
  


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  >200 KVA

  
  

Uninterruptible Power Supply (UPS) Product Type Outlook

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  Online/Double-Conversion

  
  


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  Line-Interactive

  
  


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  Off-line/Standby

  
  

Uninterruptible Power Supply (UPS) Component Outlook

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  Rectifier

  
  


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  Batteries

  
  


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  Inverter

  
  


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  Static Bypass switch

  
  


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  Capacitors

  
  


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  Fans

  
  


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  Others

  
  

Uninterruptible Power Supply (UPS) Application Outlook

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  Marine

  
  


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  Industrial

  
  


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  Medical

  
  


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  Telecommunication

  
  


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  Data Center

  
  


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  Others

  
  

Uninterruptible Power Supply (UPS) Regional Outlook

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America

    
    
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2021	USD 10.9 billion
Market Size 2022	USD 11.8 billion
Market Size 2030	USD 20.8 billion
Compound Annual Growth Rate (CAGR)	8.40% (2022-2030)
Base Year	2021
Market Forecast Period	2022-2030
Historical Data	2018 & 2020
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Rating, Product Type, Component, Application, and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of the World
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Schneider Electric (France), Eaton Corporation (Ireland), Emerson Electric (US), ABB (Switzerland), Socomec (France), Toshiba Corporation (Japan), Xiamen Kehua Hengsheng Co. Ltd. (China), KStar Corporation (China), East Group (China), and Beijing Dynamic Power Co. Ltd. (China)
Key Market Opportunities	Growing pollution caused by diesel generators
Key Market Dynamics	Growing demand for reliable power solutions. UPS systems widely adopted across residential and commercial buildings

Frequently Asked Questions (FAQ) :