The uninterruptible power supply (ups) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Uninterruptible Power Supply (UPS) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
uninterruptible power supply (UPS) market size has grown strongly in
recent years. It will grow from $9.33 billion in 2023 to $10.06 billion
in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in
the historic period can be attributed to increased reliance on IT
infrastructure, increased frequency of power outages, increased
awareness of power quality issues, increased stringency of regulatory
standards, and increased investments in renewable energy.
The uninterruptible power supply (UPS) market size is expected to see strong growth in the next few years. It will grow to $13.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing power outages, growing IT and data center sector, expansion of telecom infrastructure, increasing demand for energy storage systems, and increasing demand for consumer electronics. Major trends in the forecast period include hybrid ups systems, grid-tied and off-grid capabilities, solid-state batteries, modular ups systems, and advanced surge protection.
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Scope Of Uninterruptible Power Supply (UPS) Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Uninterruptible Power Supply (UPS) Market Overview
Market Drivers -
The
growing telecommunications industry is expected to propel the growth of
the uninterruptible power supply (UPS) market going forward. The
telecommunications industry refers to the sector of the economy
dedicated to the transmission and exchange of information through
various forms of technology, including the telephone, internet, radio,
and television. The telecommunications sector is growing due to
increasing demand for seamless connectivity and rapid advancements in
technology. Uninterruptible power supply (UPS) systems are crucial in
the telecommunications industry to ensure the continuous operation of
critical equipment and maintain service reliability during power
disruptions or outages. For instance, in May 2021, according to a report
published by the Canadian Radio-television and Telecommunications
Commission, a Canada-based government agency, the telecommunications
sector observed a 3.4% uptick in total revenues compared to the previous
year, largely attributed to a nearly $1.3 billion boost in mobile
revenues. This translated to a 4.5% increase in overall mobile revenue
within the Canadian market. Therefore, the growing telecommunications
industry is driving the growth of the uninterruptible power supply (UPS)
market.
Market Trends -
Major companies operating in the
uninterruptible power supply (UPS) market are focusing on developing
advanced solutions, such as HotSync's load-sharing technology, to gain a
competitive edge in the market. HotSync's load-sharing technology
refers to a system that dynamically balances power loads across multiple
sources, optimizing efficiency and reliability in distributed power
generation networks. For instance, in May 2024, Eaton Corporation plc,
an Ireland-based intelligent power management company, launched the
9395X UPS, an intelligent, space-saving, uninterruptible power supply
(UPS) designed for the hyperscale and colocation data center segments.
This new solution provides a market-leading footprint reduction of up to
50% and a power density improvement greater than the previous models,
allowing data centers to increase their power capacity while minimizing
the physical space required.
The uninterruptible power supply (UPS) market covered in this report is segmented –
1) By Product: Online Conversion, Line-Interactive, Off-Line Or Standby
2) By Component: Rectifier, Batteries, Inverter, Static Bypass Switch, Capacitors, Fans, Other Components
3) By Capacity: Less Than 10 Kva, 10-100 Kva, Above 100 Kva
4) By Application: Residential, Commercial, Industrial, Telecommunication, Data Center, Marine, Medical, Other Applications
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Regional Insights -
North
America was the largest region in the uninterruptible power supply
(UPS) market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the
uninterruptible power supply (UPS) market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle
East, Africa.
Key Companies -
Major companies operating in the
uninterruptible power supply (UPS) market are Mitsubishi Electric
Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Eaton
Corporation plc, GE Healthcare, Emerson Electric Co., Delta Electronics
Inc., Kohler Co., Vertiv Holdings Co., Socomec Group S.A., S&C
Electric Company, CyberPower Systems Inc., AEG Power Solutions B.V.,
Sendon International Ltd., Fuji Electric Co Ltd., Hitachi Industrial
Equipment Systems Co Ltd., Borri S.p.A., Riello Elettronica S.p.A.,
Centiel SA, Chloride Systems, Potencia Industrial.
Table of Contents
1. Executive Summary
2. Uninterruptible Power Supply (UPS) Market Report Structure
3. Uninterruptible Power Supply (UPS) Market Trends And Strategies
4. Uninterruptible Power Supply (UPS) Market – Macro Economic Scenario
5. Uninterruptible Power Supply (UPS) Market Size And Growth
…..
27. Uninterruptible Power Supply (UPS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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