The uninterrupted power supply market is predicted to touch USD 13,154 million at an 8.3% CAGR over the forecast period (2018-2025), reveals the new Market Research Future (MRFR) report. Uninterrupted power supply or UPS is a device that allows no downtime during power outage. It provides power when the mains power or input source fails. UPS systems are typically used for protecting hardware such as telecommunication equipment, data centers, computers, or other forms of electrical equipment where unexpected power disruptions can cause data loss, serious business disruption, fatalities, or injuries. These systems come in assorted sizes resting on the load that needs to be protected.
UPS allows businesses and organizations to run their operations in situations of major power shortage. Availability of high-performance UPS systems that can support large-scale manufacturing facilities is a noteworthy progress in development of reliable power management solutions. Power consumption continues to grow throughout the world and the need for uninterrupted power supply is more than ever-before. Demand for high-quality UPS systems has increased considerable in commercial and residential sectors in recent years. Emerging economies such as China, India and Mexico are witnessing massive industrial boom, which has led to an increase in demand for power.
Various factors are driving the growth of the uninterrupted power supply market. These factors, in accordance with the Market Research Future (MRFR) report, include growing demand for constant power supply, surging demand for networking capacity and data, growing use of modular UPS systems for its key advantages such as lower cost and lower capacity, and technological advancements. Additional factors pushing the market growth include demand across various industrial verticals such as hospitality, telecom, education, healthcare, government, IT/ITES, plant automation, and BFSI.
On the contrary, the high installation, as well as maintenance cost, are factors that may limit the uninterrupted power supply market over the forecast period.
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The Market Research Future report offers a wide segmental analysis of the uninterrupted power supply market based on application and product type.
Based on product type, the uninterrupted power supply market is segmented into online/double, line-interactive, and off-line/standby conversion. Of these, the offline/standby segment will have the largest share in the market over the forecast period, while the online/double-conversion segment is predicted to grow at the highest CAGR.
Based on applications, the uninterrupted power supply market is segmented into marine, industrial, medical, telecommunication, data center, and others. Of these, the data center market will dominate the market over the forecast period, followed by the telecommunication segment.
The market analysis also includes a region-based assessment, which covers North America, South America, Europe, the Middle East & Africa (MEA) and Asia Pacific. The market in North America is expected to remain highly attractive over the next couple of years. In 2017, North America commanded little under 40% share of the market. By the year 2025, the region’s market is expected to surpass a valuation of USD 5,160 Mn. Market players are expected to target Asia Pacific and Europe as they are important business destinations. Asia-Pacific UPS market is expected to grow at USD 3,718.3 million by the end of year 2025, reflecting a CAGR of 11.95%. Europe accounted for 29% market share in 2017 and is estimated to surpass a valuation of USD 3,300 Mn by 2025.
Leading players profiled in the uninterrupted power supply market report include Cyber Power Systems Inc, Toshiba Corporation, Delta Electronics Inc., Jeidar Electronics, SORO Electronics, EAST Group Co. Ltd., KSTAR Corporation, Guangdong Zhicheng Champion Group Co. Ltd, ABB, Guangdong Prostar New Energy Technology Co. Ltd., Xiamen Kehua Hengsheng Co. Ltd., Emerson Electric Co., Sendon International Ltd., PowerMan, Beijing Dynamic Power Co. Ltd., Schneider Electric, Zhejiang SANKE Electrical Co. Ltd., AEG Power Solutions, Eaton Corporation, Jiangsu EKSI Electrical Manufacturing Co. Ltd., S&C Electric Company, HongBao Electric Co. Ltd., Active Power Inc., Gamatronic, Baykee, and Socomec.
June 2019: Leading Japan based company, Fuji Electric Co., has announced the news of its acquiring CNPS (Consul Neowatt Power Solutions Pvt Ltd), the maker of UPS systems. CNPS key business entails development, engineering, manufacturing, sales as well as serving of UPSs, off-grid solar inverters, servo voltage stabilizers, and other forms of customized power electronic solutions.
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