New York, United States , May 24, 2023 (GLOBE NEWSWIRE) -- The Global Uninterruptible Power Supply (UPS) Market Size is to grow from USD 9.45 billion in 2022 to USD 19.48 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period.
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An uninterruptible power supply (UPS) is a device that provides backup power to connected equipment in case of power disruptions. It acts as a bridge between the main power source and the equipment, ensuring a continuous and stable power supply. UPS systems typically include a battery that stores electrical energy and automatically switches to battery power during power outages or voltage fluctuations. UPS units are widely used in data centers, hospitals, telecommunications, and homes to prevent data loss, equipment damage, and downtime. They offer protection against power interruptions, voltage sags, surges, and fluctuations, ensuring uninterrupted operation and safeguarding critical devices.
Report Coverage
This research report categorizes the market for uninterruptible power supply (UPS) market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the uninterruptible power supply (UPS) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the uninterruptible power supply (UPS) market.
Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on "Global Uninterruptible Power Supply (UPS) Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Online/ Double Conversion, Line-interactive, and Off-line/ Standby), By Capacity (Up to 50 kVA, 51-200 kVA, and Above 200 kVA), By Application (Residential, Commercial, Industrial, Telecom, Data Center, Marine, Medical, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here:
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The off-line/ standby segment is expected to grow at a CAGR of 7.6% during the forecast period.
Based on product, the global uninterruptible power supply (UPS) market is segmented into online/ double conversion, line-interactive, and off-line/ standby. The off-line/standby segment of the global uninterruptible power supply (UPS) market is expected to grow in the forecast period. This growth can be attributed to various factors. Off-line/standby UPS systems are cost-effective solutions that provide basic power backup during outages by switching to battery power when the main power source fails. The increasing adoption of UPS systems in small and medium-sized businesses, home offices, and individual consumers who prioritize cost-efficiency and moderate power protection is driving the growth of the off-line/standby segment. The segment's simplicity, affordability, and suitability for less critical applications contribute to its expected growth in the market.
The data center segment held the largest market share with more than 32.4% market share.
Based on application, the global uninterruptible power supply (UPS) market is segmented into residential, commercial, industrial, telecom, data center, marine, medical, and others. The data center segment held the largest market share in 2022. This growth can be attributed to the rapid expansion of data centers driven by the increasing demand for cloud computing, big data analytics, and digital services. Data centers require reliable power backup solutions to ensure uninterrupted operation and prevent data loss. As data volumes continue to surge and the reliance on data centers intensifies, the demand for UPS systems in the data center segment is expected to grow steadily, driving its forecasted growth in the market.
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Asia-Pacific is predicted to grow at a higher CAGR of around 8.7% over the projected period.
Based on region, Asia-Pacific is poised for significant growth in the forecast period in the Uninterruptible Power Supply (UPS) market. Several factors contribute to this anticipated growth. The region is experiencing rapid industrialization, urbanization, and infrastructural development, leading to increased demand for reliable power supply solutions. Moreover, the expanding IT and telecommunications sectors, coupled with the rise in data centers and the adoption of cloud computing, drive the need for UPS systems. Additionally, the growing awareness about power quality issues and the need for equipment protection are fueling the market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global uninterruptible power supply (UPS) 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, Cyber Power Systems Inc., Aspex Inc., Baykee New Energy Technology Incorporated Co., Ltd, Toshiba, Gamatronic UK Limited, Active Power, Zhongshan HongBao Electric Co. Ltd., S&C Electric Company, Guangdong Zhicheng Champion Group Co., Ltd, Jiangsu Meibaijia Electrical Manufacturing Co., Ltd., Shenzhen Jeidar Electronics Co. Ltd., and AEG Power Solutions.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global uninterruptible power supply (UPS) market based on the below-mentioned segments:
Uninterruptible Power Supply (UPS) Market, By Product
- Online/ Double Conversion
- Line-interactive
- Off-line/ Standby
Uninterruptible Power Supply (UPS) Market, By Capacity
- Up to 50 kVA
- 51-200 kVA
- Above 200 kVA
Uninterruptible Power Supply (UPS) Market, By Application
- Residential
- Commercial
- Industrial
- Telecom
- Data Center
- Marine
- Medical
- Others
Uninterruptible Power Supply (UPS) Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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