Uninterruptible Power Supply (UPS) Market Overview: According to the MRFR research report, Uninterruptible Power Supply (UPS) Market Research Report by Application, Product Type, and Region- Forecast to 2030, the UPS market is anticipated to acquire a size of approximately USD 20.95 billion by the end of 2030. The report further predicts the market to flourish at a robust CAGR of over 8.4% during the assessment timeframe from 2020 to 2030.
Market Scope: The uninterruptible power supply refers to an emergency backup solution utilized during power failures. It has short on-battery run-time sufficient to safely shut down active equipment and the devices such as television systems, data centers, and PCs. Some UPS systems generally involve frequency and voltage-independent, voltage-dependent, and voltage-independent systems. They comprise flywheels, supercapacitors, and batteries to store the power. Compared to conventionally utilized systems, these systems are silent and offer instant protection against input power interruptions and a constant standby power supply to stop operational disruption and data loss. These systems are highly adopted across telecommunications, electric point of sales terminals, and healthcare centers. The global market for uninterrupted power supplies has grown immensely in recent times. The rising demand for reliable power solutions across industry areas is the primary factor supporting the market’s growth. These systems are highly utilized for offering uninterrupted power supply to handle large-scale manufacturing facilities and restrict power cuts. On the other hand, the widespread adoption of UPS systems across commercial and residential complexes is offering a push for the market’s expansion.
Revenue forecast in 2030
USD 20.95 Billion
CAGR of 8.4% from 2022 to 2030
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Market USP Covered
The global market for UPS has grown immensely in recent years given the factors like increasing demand for reliable power solutions, increasing economic conditions in developing nations, and an increasing number of end-user industries.
On the other hand, the cost incurred for deploying Online UPS systems may restrict the market’s growth.
The global health crisis in the form of COVID-19 has had a massive impact on the majority of the market areas across the globe. The pandemic has affected several industrial and financial processes across almost 225 nations, leading to partial or complete lockdowns across these countries. Furthermore, the raw materials needed for the manufacturing facilities were not shipped to the manufacturers, given the restrictions enforced on the logistics. Thus, the industrial Uninterruptible Power supply market demand was substantially lowered as minimal operations were performed during the pandemic. On the other hand, with the rapid vaccination going on worldwide, operations across the industry sectors are likely to return to normal over the coming years. The global market for uninterrupted power supplies is anticipated to exhibit massive growth over the assessment era.
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Among all the types, the Online/double-conversion segment is anticipated to dominate the global market for uninterruptible power supplies over the assessment timeframe. These systems are overwhelming several power supply challenges existing currently. This is likely to boost the demand and growth in various business verticals.
Among all the application areas, the industrial segment is anticipated to lead the global market for uninterruptible power supplies over the evaluation era. The segment is likely to exhibit the fastest growth over the coming years. because of the industrial boom in nations such as Japan, India, and China, the UPS market is predicted to experience strong growth in the industrial sector. UPS is widely utilized in the industrial sector for substantial process control, such as a nuclear power plant or an oil rig.
The global market for uninterrupted power supplies is analyzed across five major regions: Latin America, North America, Europe, Asia-Pacific, and the Middle East & Africa.
As per the MRFR research reports, the North American region is anticipated to dominate the global market for uninterrupted power supplies (UPS) over the coming years. according to researchers, the market is predicted to acquire a valuation of approximately USD 5160 million by 2025. The main factor supporting the growth of the regional market is the simulating demand for UPS across end-user applications like phone systems, internet service providers, small business offices, Healthcare, Point of sale equipment, laboratories, industrial systems, and so on.
The Asia-Pacific region’s uninterruptible power supply market is anticipated to exhibit the maximum CAGR over the assessment timeframe. The growing number of data centers across the nations such as China, Indonesia, and India are the central aspect supporting the growth of the regional market. Furthermore, the favorable economic condition across the region, coupled with the affordability of the UPS systems, is raising the overall value of the regional uninterruptible power supply market. In addition, the rise of small and medium-scale industries across the region is another prime aspect boosting the growth of the regional market over the coming years. according to the research reports by MRFR, the regional market is anticipated to acquire a valuation of approximately USD 3719 million by the end of 2025 while growing steadily at a robust CAGR of over 11.94%.
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The global market for uninterrupted power supplies has prominent leaders such as:
- Jiangsu EKSI Electrical Manufacturing Co. Ltd.
- Cyber Power Systems Inc.
- Guangdong Zhicheng Champion Group Co. Ltd
- Toshiba Corporation
- S&C Electric Company
- HongBao Electric Co. Ltd.
- Active Power Inc.
- EAST Group Co. Ltd.
- Delta Electronics Inc.
- Eaton Corporation
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