Authored By: Sarah
25 Jun 2024

 Uninterruptible Power Supply (Ups) Market Size to grow by USD 3964.6 billion between 2024-2028

According to a research report “ Uninterruptible Power Supply (Ups) Market” by End-user (Non-residential, Residential) Type (Online or double conversion, Line-interactive, Off-line or standby) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3964.6 billion, at a CAGR of almost 4.05% during the forecast period. In today's business landscape, data centers have become essential infrastructure for organizations of all sizes and industries, offering critical services such as data storage and cloud computing. These services are indispensable for modern businesses, leading to the rapid expansion of data center infrastructures. Uninterruptible Power Supplies (UPS) play a pivotal role in data center operations, ensuring the continuous power supply to sensitive computing equipment like servers and routers, shielding them from power quality issues and power line disturbances. UPS systems have become a non-negotiable component in data center infrastructure, safeguarding against power disruptions and ensuring business continuity.

Browse market data tables, figures, and in-depth TOC on “Uninterruptible Power Supply (Ups) Market” by End-user (Non-residential, Residential) Type (Online or double conversion, Line-interactive, Off-line or standby) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By End-user, the Non-residential segment is projected to dominate the market size in 2024

The Uninterruptible Power Supply (UPS) market is a critical business infrastructure segment, providing essential backup power during power outages or voltage fluctuations. UPS systems ensure uninterrupted power delivery to businesses, safeguarding against data loss, equipment damage, and productivity disruptions. This market continues to grow, driven by increasing reliance on technology, regulatory compliance, and the need for business continuity plans.

By Type, Online or double conversion  segment is expected to hold the largest market size for the year 2024

The Uninterruptible Power Supply (UPS) market is a critical business infrastructure segment, providing essential backup power during power outages or voltage fluctuations. UPS systems ensure uninterrupted power delivery, safeguarding against data loss, equipment damage, and productivity disruption. This market is driven by increasing reliance on technology, data centers, and growing demand for renewable energy integration. Companies invest in UPS solutions to mitigate power risks and maintain business continuity.

APAC is forecasted to hold the largest market size by region in 2024

The Uninterruptible Power Supply (UPS) market is a critical business infrastructure sector, providing essential backup power during power outages or voltage fluctuations. UPS systems ensure business continuity by safeguarding against power surges, spikes, and blackouts, enabling organizations to maintain uninterrupted operations and protect sensitive equipment from damage. The global UPS market is expected to grow significantly due to increasing power instability, rising data center installations, and the surge in IoT and Industry 4.0 applications.

The Uninterruptible Power Supply (Ups) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ABB Ltd.
  • Ablerex Electronics Co. Ltd
  • AMETEK Inc.
  • Delta Electronics Inc.
  • East Penn Manufacturing Co. Inc.
  • Eaton Corp. Plc
  • EnerSys
  • Exide Industries Ltd.
  • Friedhelm Loh Stiftung and Co. KG
  • Hitachi Ltd.
  • Huawei Technologies Co. Ltd.
  • Legrand SA
  • Metartec Ltd.
  • Mitsubishi Electric Corp.
  • Power Innovations International Inc.
  • RTX Corp.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.
  • Vertiv Holdings Co.
.

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Research Analysis Overview

The Uninterruptible Power Supply (UPS) market is witnessing significant growth due to the increasing reliance on electronic devices and digital infrastructure in various sectors. Natural catastrophes and power outages pose a significant threat to businesses and organizations, particularly those in the marine, industrial, medical, data center, telecommunication, and renewable energy installations sectors. UPS solutions provide essential backup power during power outages, frequency distortions, voltage drops, and power surges. Two main types of UPS systems are available: Online/Double Conversion and Line Interactive. Online UPS systems offer the highest level of protection, while Line Interactive UPS systems are more cost-effective. UPS systems are available in various ratings, including 50-200KVA, catering to the needs of different industries. UPS solutions are crucial for e-commerce, healthcare, banking, telecommunications, IT infrastructure, data centers, big data analytics, cloud computing, digital services, and processing capabilities. UPS systems ensure uninterrupted power supply to these sectors, preventing data loss, and minimizing downtime. In the marine and industrial sectors, UPS solutions protect critical equipment and ensure business continuity. In the medical sector, UPS systems ensure the continuity of life-supporting equipment, while in the telecommunications sector, UPS solutions maintain the availability of telecommunications networks. Renewable energy installations also benefit from UPS solutions to ensure a stable power supply.

Market Research Overview

The Uninterruptible Power Supply (UPS) market is witnessing significant growth due to the increasing demand for energy efficiency in power infrastructure. With the rise of data-driven businesses, patient safety in healthcare facilities, and the implementation of 5G technology and communication services, the need for continuous power and power backup solutions is becoming increasingly crucial. UPS systems play a vital role in ensuring power quality, protecting against frequency changes, surges, voltage sags, and power outages. Governmental efforts to improve power infrastructure and ensure the reliability of critical infrastructure, such as hospitals, clinics, and data centers, are driving the market's growth. Technological progress in modular UPS designs, battery technology, and intelligent monitoring systems is also contributing to the market's expansion. The UPS market is not limited to traditional industries such as IT, manufacturing, and data centers. It also caters to the needs of marine, industrial, medical, and telecommunication sectors. Renewable energy installations and telecommunications networks are also adopting UPS solutions to ensure power backup during grid malfunctions, natural catastrophes, and power outages. UPS solutions are essential for e-commerce, healthcare, banking, and other digital infrastructure sectors that require continuous power for electronic devices, digital services, processing capabilities, and data storage. With the increasing adoption of edge computing, cloud computing, and big data analytics, the demand for UPS solutions is expected to grow further. Overall, the UPS market is poised for significant growth in the coming years.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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