Authored By: Sarah
12 Apr 2021

UPS market Size to Grow by $ 4.83 bn During 2021-2025

Technavio has been monitoring the UPS market and it is expected to grow by $ 4.83 bn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


UPS market: Receive Free Sample Report


UPS market: APAC to lead market growth during the forecast period

  • 47% of the market growth will originate from APAC during the forecast period.
  • Rise in demand from telecom industry will be a key trend that will influence market growth significantly.
  • The growth in data center infrastructure will be a significant factor in driving the growth of the UPS market.

UPS Market Size to Grow by Over $ 4.83 Billion through 2021-2025 | Forecast and Trend Analysis

UPS market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Ablerex Electronics Co. Ltd., Eaton Corp. Plc, EnerSys, Huawei Investment & Holding Co. Ltd., Legrand SA, Mitsubishi Electric Corp., Schneider Electric SE, Toshiba Corp., and Vertiv Group Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

UPS market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive UPS market growth during the next five years
  • Precise estimation of the UPS market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the UPS market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of UPS market vendors

The UPS market has the potential to grow by USD 4.83 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.86%.

This UPS market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (non-residential and residential) and geography (APAC, Europe, North America, MEA, and South America). The UPS market report also offers information on several market vendors, including ABB Ltd., Ablerex Electronics Co. Ltd., Eaton Corp. Plc, EnerSys, Huawei Investment & Holding Co. Ltd., Legrand SA, Mitsubishi Electric Corp., Schneider Electric SE, Toshiba Corp., and Vertiv Group Corp. among others. View Free Sample Report

UPS Market Size to Grow by Over $ 4.83 Billion through 2021-2025 | Forecast and Trend Analysis

UPS Market: Emerging Trends to Impact Market Growth

The growing use of lithium-ion batteries has been identified as one of the critical UPS market trends. Lithium-ion batteries are preferred for UPS systems due to their higher energy density, higher depth of discharge, higher charge rate, extended power-holding capacity, and longer shelf life. The declining cost of lithium-ion batteries is increasing the adoption of UPS systems among end-users owing to their low weight  and high energy density. Several vendors operating in the market are boosting their lithium-ion related offerings to cater to the increase in the demand because of the increased performance and reduction in the total cost of ownership of UPS systems.

UPS Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Ablerex Electronics Co. Ltd., Eaton Corp. Plc, EnerSys, Huawei Investment & Holding Co. Ltd., Legrand SA, Mitsubishi Electric Corp., Schneider Electric SE, Toshiba Corp., and Vertiv Group Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

UPS Market Size to Grow by Over $ 4.83 Billion through 2021-2025 | Forecast and Trend Analysis

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Read News Read Less
Interested in this report?
Get your sample now!
Technavio