Modular UPS Global Market – Overview
A modular UPS or uninterruptible power supply is a device which provides emergency electric power in case of disruptive power shutdown. Market Research Future (MRFR) has recently published a report on the global modular UPS market, covering the essential accruals of the market based on pertinent trends and patterns that can affect the market over the forecast period of 2017-2023. As per MRFR’s analysis, the Modular UPS Market is poised to reach USD 4 Bn at a CAGR of 14% during 2017-2023.
Modular UPS provides various advantage such as high scalability, which has evoked burgeoning demand for modular UPS from diverse verticals such as education, healthcare, government, and others. Major industry giants are exploiting on the opportunity provided by the market and are outlaying massive funds on the development of the technology, which is likely to push the market forward over the forecast period.
Fast-track industrialization and augmenting need for uninterrupted power supply across diverse industries have been key to market growth. Speedy expansion of interrelated industries such as telecommunications and data centers has also proven to be fruitful for the modular UPS market growth. The need to protect sensitive and costly devices from abrupt power failure has induced heavy demand within the modular UPS market as damage to devices can prove to be prohibitively costly in these industries. Proliferating IT industry in developing regions of the globe has added fuel to the growth of the market.
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Other factors which are nurturing the market growth include rising automation across industries which demands uninterrupted power supply and falling prices of electronic components such as batteries, super-capacitors, and others.
Conversely, the growth of the market is at threat from major bottlenecks, which include high costs aligned with the installation and maintenance of UPS. Moreover, increasing improvement of power infrastructure in various regions and growing reliability of power sources has reduced the need for backup power. Furthermore, the lack of awareness regarding the benefits of UPS in certain regions can constrain market growth over the forecast period.
The prominent players in modular UPS market are – ABB Group (Switzerland), Emerson Electric Co. (U.S.), Eaton Corporation PLC (Ireland), Huawei Technologies Co. Ltd. (China), Schneider Electric SE (France), General Electric (U.S.), Delta Electronics, Inc. (Taiwan), Gamatronic Electronic Industries Ltd. (Israel), Riello Electronica Group (Italy), Tripp Lite (U.S.) among others.
Modular UPS Global Market – Segmentation
The Modular UPS Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Component: By solutions- 10-100 kVA, 101-250 kVA, 251-500 kVA, 501 kVA and above and by services- Integration Services, Professional Services
- Segmentation by Vertical: BFSI, healthcare, manufacturing, IT & telecommunication, media & entertainment, defense.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the world.
Modular UPS Global Market – Regional Analysis
Asia-Pacific is dominating the Global Modular UPS Market with the largest market share due to the growing service industry in China, India, Singapore and Malaysia. Additionally, the economic development and the growing GDP of Asian countries is majorly contributing to the growth of modular UPS market. In growing countries such as India, and China which is under radar of developing nations holds immense potential for any market and are adopting various policies to promote the technological infrastructure of the country and invite companies to setup their business operation centers. Lack of power supply or high gap in demand and supply limits the industries for the expansion whereas supplement products such as UPSs helps to achieve the desired goals and objectives.
Modular UPS Market in North America market is expected to grow at a substantial CAGR during 2017 to 2023 owing to the heavy developments in cloud computing market and high developments in data centers. The European market for Modular UPS Market is expected to grow at a considerable CAGR (2017-2023) owing to the factors such as high demand for power backup from BFSI industry and healthcare industry.
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April 2019 – Fuji Electric, a Japanese electrical equipment company providing resolution of energy management problems, announced the launch of a new high-density modular UPS for the US market. The 7400WX-T3U is a high-efficiency modular UPS which is capable of performing even on low loads and exhibits high tolerance for overloads. The new UPS is made with silicon carbide, which improves performance without overly increasing cost.
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