Uninterruptible Power Supply (UPS) Market Research Report-Global Forecast till 2030

Uninterruptible Power Supply (UPS) Market Research Report By Product Type (Off-line/standby, Line-interactive, Online/double-conversion and Others), By Application (Telecommunication, Data Centre, Data Center, Medical, Industrial and Others) - Forecast to 2030

ID: MRFR/SEM/5160-CR | February 2020 | Region: Global | 150 Pages         

Uninterruptible Power Supply Market

Uninterruptible Power Supply Market is predicted to touch USD 20.95 Billion at an 8.4% CAGR between 2020- 2030, reveals the latest Market Research Future (MRFR) report.

Segmentation

Based on Rating <5 KVA 5-<50 KVA 50-200 KVA >200 KVA
Based on Product type Online/Double-Conversion Line-Interactive Off-line/Standby
Based on Component Rectifier Batteries Inverter Static Bypass switch Capacitors Fans Others
Based on Application Marine Industrial Medical Telecommunication Data Center Others
Based on Regions North America Europe Asia-Pacific and Rest of the World (RoW)

Key Players

  • 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)

Drivers

  • Growing demand for UPS from new businesses in Tier 3 and Tier 2 cities. Rising trend of internet of things and smart buildings.
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Uninterruptible Power Supply Market


In addition, the global uninterruptible power supply market is expected to increase at a CAGR of 8.4%, with a value of USD 20.95 billion over the estimated forecasting years of 2020-2030.


The uninterruptible power supply is an emergency backup solution used in case of power failures. It has short on-battery run-time, which is sufficient for securely shutting down active equipment and the devices like PCs, data centers, and television systems. Some commonly available UPS systems include voltage and frequency-independent, voltage-independent, and voltage-dependent systems. They consist of flywheels, batteries, and supercapacitors to store the power. In comparison to the traditionally used systems, the UPS systems are silent and provide immediate protection against input power interruptions and a consistent standby power supply to prevent operational disruption and data loss. As a result, the UPS systems are widely used in the healthcare centres, electric point of sales terminals, and telecommunications centres.


The increasing demand for reliable power solutions across industries is one of the key factors driving the market's growth. UPS systems are widely used for providing uninterrupted power supply to manage large-scale manufacturing facilities and prevent power shortages. However, the widespread adoption of UPS systems across residential and commercial complexes is providing a thrust to the growth of the market.


COVID 19 Analysis:


The pandemic has significantly affected the industrial operations and the production rate throughout. Moreover, the raw materials that are required for the manufacturing facilities were not shipped to them due to the restrictions imposed on the logistics. Therefore the industrial Uninterruptible Power supply market demand was significantly reduced as there are minimal operations carried out during the pandemic. However, the residential sectors were rapidly utilizing the Uninterruptible Power supply systems as a huge population across the globe were confined to their homes. 


On the other hand, the increasing number of COVID cases across the globe has increased the demand for the uninterruptible power supply systems in the hospitals and health care facilities where a slight drop in the power could lead to huge interruptions in the medical services, costing many lives. Therefore the overall growth of the Uninterruptible power supply (UPS) market was witnessing a decent growth during the pandemic, unlike other industries.


Market Dynamics:



  • Market Drivers:


The increasing demand for reliable power solutions in large-scale manufacturing facilities, production units, hospitals, and other crucial end-user industries are propelling the overall growth of the Uninterruptible Power supply industry. Additionally, the increasing economic conditions in the countries such as China and India and the increasing number of industries and production activities are boosting the overall growth of the Uninterruptible Power supply industry.


The increasing number of end-user industries such as industrial, commercial, residential, medical, and other sectors are impacting the uninterruptible power supply (UPS) market growth.



  • Market Opportunities:


The increasing adoption of IoT technologies and the rapid infrastructural development across the globe are impacting the overall growth of the Uninterruptible Power supply market. The developed countries are increasingly investing in developing smart cities, which are highly reliant on the uninterrupted power supply which is expected to impact the overall growth of the Uninterruptible power supply market.


The advancements in the uninterruptible power supply industry which includes the replacement of the lead-acid batteries with Lithium-ion batteries to combat the challenges faced due to the higher operating temperatures and the fast charging capacities are impacting the overall Uninterruptible Power supply market value. 



  • Market Restraints:


The cost incurred for the deployment of Online UPS systems and lacking protection for the heavy appliances that are operated with the Uninterruptible power supply systems are hindering the overall growth of the Uninterruptible power supply market.


The semiconductor market is witnessing a decline in recent years which is also impacting the overall growth of the Uninterruptible power supply market. Additionally, the residential UPS systems don’t offer higher battery life; such factors are hindering the overall growth of the Uninterruptible power supply market.



  • Market Challenges:


The higher cost associated with the manufacturing of the online UPS and the Startup costs associated with the installation of the UPS in the corporation setups and infrastructural setups is considered as the primary challenge for the overall growth of the Uninterruptible power supply market. 


The increasing price range of raw materials for manufacturing and the complete setup and wiring systems are affecting the overall growth of the Uninterruptible Power supply market. Additionally, the rising cost of skilled labor is also affecting the overall growth of Uninterruptible power supply systems. 



  • Cumulative Growth Analysis:


The end-user applications for the uninterruptible power supply systems were rapidly increasing owing to the increasing adaptation of the IoT technologies and cloud-based technologies, which are highly reliant on the continuous power supply. Moreover, the industries which are handling the critical data could be lost when the power supply is interrupted. Therefore the demand for the continuous power supply has been increasing rapidly in recent years. The market value of Uninterruptible power supply market is projected to hit USD 14,180.2 Million at an 8.25% CAGR between 2018- 2025. The online/double-conversion type of uninterruptible power supply systems is witnessing tremendous growth in recent years owing to the potential benefits such as efficient handling of different power supply challenges.



  • Value Chain Analysis:


The demand for the power supply has been increasing with the rising population and urbanization. The increasing number of hospitals and healthcare centers, heavy manufacturing industries, and other industrial sectors demand uninterruptible power supply so that the crucial activities carried out in such areas are not affected. Moreover, the industrial sectors are handling humongous data every day which could be lost during the power loss, therefore the demand for the uninterruptible power supply is higher for such manufacturing industries.


Maintaining smooth operations across all the industrial units and commercial sectors are impacting the overall growth of the Uninterruptible Power Supply market. On the other hand, the prominent market players are rapidly introducing innovations in the market. For instance, in the year 2019, one of the leading market players, Eaton corporation as launched the Eaton 5P UPS system which has several mounting options such as wall mount UPS, Rackmount UPS, Tower Mount UPS and thereby enabling to serve various applications. The increasing number of telecom companies across the globe is also severely impacting the overall growth of the Uninterruptible Power Supply market as the Telecom companies are highly reliant on the UPS systems to protect their valuable data since they handle the TV-related services. 


Segment Overview:


Based on Rating:



  • <5 KVA

  • 5-<50 KVA

  • 50-200 KVA

  • >200 KVA


Based on Product type:



  • Online/Double-Conversion

  • Line-Interactive 

  • Off-line/Standby


Based on Component:



  • Rectifier

  • Batteries

  • Inverter

  • Static Bypass switch

  • Capacitors

  • Fans

  • Others


Based on Application:



  • Marine 

  • Industrial

  • Medical

  • Telecommunication

  • Data Center 

  • Others


Regional Analysis:


North America is expected to witness tremendous Uninterruptible Power supply market growth and the experts predict that the region is expected to showcase a market value of over USD 5160 million by the year 2025. The simulating demand for the UPS in the end-user applications such as Industrial systems, phone systems, Healthcare, laboratories, Small business offices, Point of sale equipment, internet service providers, and so on are presenting lucrative opportunities for the overall growth of Uninterruptible Power supply market. 


On the other hand, the market value of the uninterruptible power supply market in the Asia-pacific region is expected to grow at a faster pace with the rising number of data centers in the countries such as India, China, and Indonesia. Moreover, the favorable economic condition in the region combined with the affordability of the UPS systems is increasing the overall growth of the Uninterruptible Power Supply market. Additionally, the emergence of small and medium scale industries across the region is also impacting the overall growth of the Uninterruptible Power supply market. The experts estimate that the market value of the region would surpass USD 3719 million by the year 2025 while registering a steady CAGR of 11.94%.


Competitive Landscape:



  • Baykee

  • Cyber Power Systems Inc.

  • Toshiba Corporation

  • Gamatronic

  • Active Power Inc.

  • Delta Electronics Inc.

  • HongBao Electric Co. Ltd.

  • S&C Electric Company

  • Guangdong Zhicheng Champion Group Co. Ltd

  • Jiangsu EKSI Electrical Manufacturing Co. Ltd.

  • EAST Group Co. Ltd.

  • Eaton Corporation


Recent Developments:


January 2022


In January 2022, Google completed the construction of the Council Bluffs data centre in Iowa, US. This has brought the total investment in lowa to USD 5 billion. However, Adani Group announced that it is investing more than INR 4,600 crore in two centre projects in India.


March 2021


NextDC announced that the construction has started for the S3 data centre in Sydney. The facility will likely be 34,000 square meters over eight stories and will deliver more than 20,000 sq m of the data centre floor space and the 4,000 sq m of critical office space. This helps in creating positive growth for the data centres.


Report Overview:


This report has covered:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 20.95 Billion
  CAGR   8.4%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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

  • Increasing applications due to the convenience in use presented by modular-based UPS systems are likely to support market expansion.
  • Growing investments by hyperscale cloud providers and the proliferation of data centers.
  •   Key Market Drivers

  • Growing demand for UPS from new businesses in Tier 3 and Tier 2 cities.
  • Rising trend of internet of things and smart buildings.


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    Frequently Asked Questions (FAQ) :

    As per Market Research Future (MRFR), the uninterruptible power supply market is anticipated to touch a valuation of USD 20.95 bllion by 2030

    The market in Asia Pacific is expected to reach a valuation of USD 3,718.3 million by 2025 and expand at a 11.95%. CAGR during the forecast period (2018-2025). The uninterruptible power supply market in Europe can be touch a valuation of USD 20.95 Mn by 2030

    Increase in need for power supply due to rapid industrialization and expansion of urban populace is identified as a major factor that can propel the uninterruptible power supply market growth.

    Market Research Future (MRFR), states that the global uninterruptible power supply (UPS) market can thrive at a 8.3% CAGR during the forecast period (2018-2025). By 2025, the worldwide uninterruptible power supply market is expected to touch a valuation of USD 13,154 Mn.

    Data centers, followed by the telecommunication industry, are the high end-users of uninterruptible power supply. As per MRFR, the data centers segment is expected to surpass a valuation of USD 1,790 Mn by 2025. The telecommunication segment is can expand at 8.66% CAGR in the forecast period.

    Uninterruptible Power Supply Market Competitive Landscape:


    The uninterrupted power supply market consists of various major as well as privately held vendors. Intense market competition, decreasing cost of electronic components, continuous fluctuations in currency, and development of cost-efficient UPS systems for high power applications are likely to be some of the factors that influence the dynamics of uninterruptible power supply market market. The vendors compete for providing cost-efficient UPS systems for small and high-power applications. The UPS manufacturers offer a different range of UPS ranging from 5kVA to 200 kVA. However, according to MRFR analysis, the growth of the market vendors is dependent on the market conditions and industry development. Companies such as 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) are some of the key players in the uninterruptible power supply market, competing regarding pricing, geographical presence, and industrial experience.


    These companies are likely to adopt an organic as well as inorganic growth approach through partnerships and collaborations to manufacture secure and cost-efficient systems. They are highly focused on the development of reliable UPS systems that contain transformer-less as well as transformer-based UPS systems. It has also been forecasted that the improvement of the global economic scenario combined with an increase in a number of data centers is fueling the uninterruptible power supply market growth, thereby making it an ideal time to launch modular technology-based UPS systems and increase the global market share. The competitive environment in the market is likely to intensify further due to the increase in product/service extensions, technological innovations, and mergers and acquisitions.


    Schneider Electric is one of the leading providers of electrical distribution and manufacturer of industrial engineering equipment. The company operates through four business segments namely IT, building, Industry, and Infrastructure. The company's IT segment is specialized in critical power products and solutions for data centers and other applications, including single phase and three-phase uninterruptable power supplies (UPS), plug-in surge protection, IT enclosures, power distribution units, security, cooling systems, services and software management. It focuses on providing enhanced technological solution for its customers and aims to strengthen its market presence across the globe. Additionally, the company focuses on boosting its energy management and automation technologies by increasing its R& D investments and evolving innovative products such as EcoStruxure that leverages its automation and connected technologies.


    Eaton Corporation is a multinational power management company. The company provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic, and mechanical power with safely and sustainably. Eaton operates through five operating segments namely electrical products, electrical systems and services, hydraulics, aerospace, and vehicle. It aims to increase its investment in research and development to strengthen its product portfolio through innovation and offer superior quality of products to its customer. The company is increasingly investing in its operating segments such as electrical, aerospace, hydraulics and vehicles.


    Emerson Electric Co. (Emerson Electric) is a leading manufacturer of process control systems, measurement and analytical instrumentation tools, industrial, commercial and consumer tools, and appliances. The company operates through the automation solutions, climate technologies and tools and home products segments. It follows organic as well as inorganic growth strategies. With its strong research and development team, the company has a significant market presence through developments and expansion of its product portfolio, thereby increasing its customer base globally. The company aims to enrich its key business models to provide seamless products and service offerings.


    ABB Ltd (ABB) is one of the multinational companies engaged in development and providing power and automation technologies. ABB operates through four business division namely power grids, electrification products, robotics and motion, and industrial automation. The company adopts organic as well as inorganic growth strategy. It focusses on strengthening product portfolio and streamlining operations through innovations.


    SOCOMEC Group S.A. (Socomec) is a privately listed company that manufactures products for the control and safety of low voltage electrical networks. Socomec offers products in the areas of metering, monitoring and power quality, uninterruptible power supplies, power factor correction, load break switches, IT application solutions, non-IT application solutions, static transfer systems, backup and power storage solutions, solutions for specific environments, customized solutions, and communication and connectivity solutions among others. The company has diverse presence across the globe and mainly focuses on enhancing product portfolio through innovations. It aims to strengthen its product portfolio through increased investment in research and development.


    Intended Audience



    • Technology Investors

    • Technology Providers

    • Research/Consultancy Firms

    • Infrastructure Providers

    • Original equipment manufacturers (OEMs)

    • OEM technology solution providers