IMARC Group, a leading market research company, has recently releases report titled “Uninterrupted Power Supply (UPS) System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global uninterrupted power supply (UPS) system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the uninterrupted power supply (UPS) system market?
The global uninterrupted power supply (UPS) system market size reached US$ 8.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.58% during 2024-2032.
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What is uninterrupted power supply (UPS) system?
An uninterrupted power supply (UPS) system is a battery backup solution that is used in case of power failures or voltage drops. Voltage and frequency independent (VFI), voltage-independent (VI), and voltage-dependent (VD) are some of the commonly used UPS systems. They consist of rectifiers, static bypass switches, batteries, flywheels and supercapacitors.
Uninterrupted power supply (UPS) systems have a short on-battery run-time, which is sufficient for securely shutting down active equipment and devices, such as data centers, computers and television systems. This, in turn, aids in preventing operational disruption data loss, protecting the voltage-sensitive devices, maintaining battery life and providing surge protection. As a result, UPS systems are widely used in telecommunication centers, electric point of sales (PoS) terminals and healthcare centers.
What are the growth prospects and trends in the uninterrupted power supply (UPS) system market?
The increasing demand for reliable power solutions in large-scale manufacturing facilities to provide uninterrupted power supply during power shortage and interruptions is primarily driving the market growth. In line with this, the increasing demand for zero power downtime across various industries to improve productivity and effectively run information technology (IT) operations is favoring the market growth.
Apart from this, various product innovations, such as the introduction of lithium-ion (Li-ion) batteries with a higher energy density, voltage capacity and operating temperature, are providing a considerable boost to the market growth. Additionally, the widespread product adoption across residential and commercial complexes for protecting electronic devices and smart devices against sudden power outages and voltage fluctuations is positively impacting the market growth. Other factors, including the introduction of self-diagnostic features, significant expansion in the telecommunication industry and the increasing requirement for factory automation, are anticipated to drive the market toward growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- ABB Ltd.
- AEG Power Solutions B.V. (3W Power S.A.)
- CyberPower Systems Inc.
- Delta Electronics Inc.
- Eaton Corporation
- Emerson Electric Co.
- Hitachi Hi-Rel Power Electronics Private Limited (Hitachi Ltd.)
- Huawei Technologies Co. Ltd.
- Legrand
- Microtek International Inc.
- Schneider Electric SE
- Shenzhen SORO Electronics Co. Ltd.
- Socomec
- Toshiba Corporation.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Online
- Offline
- Line Interactive
Breakup by Rating:
- <5KVA
- 5-<50 KVA
- 50-200 KVA
- >200 KVA
Breakup by End User:
- Residential
- Industrial
- Commercial
Breakup by Region:
- North America
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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