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The global uninterruptible power supply (UPS) market was worth USD 7.59 billion in 2020 and is expected to reach USD 10.36 billion by 2026. The market is said to grow with a CAGR of 4.37% during 2021-2026.
An Uninterruptible Power Supply (UPS) is an emergency power backup solution. UPS is used in case of power failures. UPS are used across various industries like telecommunication centers, healthcare centers, and point of sales (PoS) terminals. It is an electrical device providing emergency load.
UPS is also known as battery backup. In general, the energy in a UPS is stored in supercapacitors, flywheels, or batteries. UPS sustains a fixed way to shut down systems, saving data loss and repairing costs.
MARKET DRIVERS
The global uninterruptible market is driven by quick urbanization and a rise in the IT market. The residential and commercial sectors demand highly for UPS enhances the UPS market globally. The Information Technology (IT) sector has a huge demand for UPS. Quick advancements in technology and the ease of availability of data center rack solutions propel the UPS market growth. Also, different sectors are increasingly demanding zero power downtime that fosters market growth. Developments in self-diagnostic features fuel the uninterruptible power supply market growth. The significance of UPS systems across multiple data centers and the demand for active meters in surging.
The UPS market creates huge opportunities with advancements in UPS battery systems UPS like Li-ion batteries with large operating temperatures. Cloud computing technologies are expanding swiftly and the continuous network services for establishing business continually fuel the UPS market growth throughout the period.
MARKET RESTRAINTS
However, factors restraining the global UPS market include the high price of online UPS and installation cost for maintenance of the UPS.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2021 – 2026 |
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Segments Covered |
By Product Type, Capacity, Application, and Region |
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Regions Covered |
North America, APAC, Europe, LATAM, MEA |
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Segmentation Analysis
The global uninterruptible power supply market has been segmented and sub-segmented according to the following:
Uninterruptible Power Supply Market - By Product Type
By product type, the offline/standby UPS system segment dominates the UPS market globally. Moreover, the segment is said to retain its allure over the forecast period. Low cost, large reliability, and modular design help the segment to grow further. Standby systems are utilized where there has been a disturbance in the power supply lines increasing operating life and easy availability of recharging time.
Uninterruptible Power Supply Market - By Capacity
By capacity, the demand for up to 50KVA and 50-200KVA capacity units is on a high rise over the latest years. The trend is set to be continued in forthcoming years with both the segments accounting to hold the most considerable share.
Uninterruptible Power Supply Market - By Application
By application, the data centers segment is projected to observe steady growth during the forecasted period. The data centers, telecommunication segments are the front runners in using the UPS systems in maintaining smooth functionality.
Uninterruptible Power Supply Market – By Region
Regionally, North America accounts to hold the major share in the uninterruptible power supply (UPS) market globally.
In the United States and Canada, the UPS market is driven by the surging cloud-based services and telecommunication services.
The European uninterruptible power supply market is said to have secured and immobile growth throughout the timeline period.
However, the global uninterruptible power supply (UPS) market in the Asia-Pacific region is expected to be the quickest-growing region. India and China are the major economies that maintain good quality power which is a difficult task for the authorities. UPS is extensively used in the industrial sector for significant process control, like an oil rig, or nuclear power plant.
The Chinese UPS market is growing at a considerable rate and is beating the datasphere by 3% every year globally.
The Indian UPS market is very competitive for years. The growth in India owes to rising demand for electricity, increasing disposable income, and the desire for a reliable power supply.
Latin American market for uninterruptible power supply is likely to have slow growth during the forecast period. Because of the low investments and sluggish growth in data centers and cloud-based computing supports the region's growth.
The Middle East and Africa UPS market are outlined to observe strong growth over the forthcoming years. The UPS market growth in the region owes to the increasing demand for UPS in the industrial and commercial areas including the rise in urbanization. Various government organizations are firming their country's industrial and commercial fields. For example, initiatives like Turkey Vision 2023, Dubai Expo 2020, and Saudi Vision 2030.
The African UPS market growth is attributed to the growing demand for dependable power solutions.
Top key players operating in the Uninterruptible Power Supply Market
Luminous Power Technologies Ltd., Su-Kam Power Systems Ltd., Microtek International Private Ltd, Delta Power Solutions Pvt. Ltd., Hitachi HI-REL Power Electronics Pvt Ltd., American Power Conversion Corporation, Techser Power Solutions Pvt Ltd., and Consul Consolidated Pvt. Ltd.
Product Launch
Partnership
Recent Market Developments
The recent coronavirus (COVID-19) has left its shadow over all the industries like healthcare, telecom, with the UPS market being no exception. With the sudden eruption of the virus, the UPS sales, and operations of several UPS manufacturers were negatively affected.
During the pandemic period, the manufacturing plants were temporarily shut down to avoid virus spread.
Chapter 1. Global Uninterruptible Power Supply Market – Scope & Methodology
1.1. Market Segmentation
1.2. Assumptions
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Uninterruptible Power Supply Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 - 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Global Uninterruptible Power Supply Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Uninterruptible Power Supply Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Uninterruptible Power Supply Market – Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Global Uninterruptible Power Supply Market – By Product Type
6.1. Online/Double Conversion UPS System
6.2. Offline/Standby UPS System
6.3. Line-interactive UPS Systems
Chapter 7. Global Uninterruptible Power Supply Market – By Capacity
7.1. Less than 10 kVA
7.2. 10-100 kVA
7.3. 101-250 kVA
7.4. Above 250 kVA
Chapter 8. Global Uninterruptible Power Supply Market – By Application
8.1. Data Centers
8.2. Telecommunications
8.3. Healthcare (Hospitals, Clinics, etc.)
8.4. Industrial
8.5. Other Applications
Chapter 9. Global Uninterruptible Power Supply Market, By Geography – Market Size, Forecast, Trends & Insights
9.1. North America
9.1.1. U.S.A
91.2. Canada
9.1.3. Mexico
9.2. Europe
9.2.1. Italy
9.2.2. Spain
9.2.3. Russia
9.2.4. Germany
9.2.5. UK
9.2.6. France
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.1. Japan
9.3.2. South Korea
9.3.3. China
9.3.4. India
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Middle East
9.4.2. Africa
9.4.3. South America
9.4.3.1 Brazil
Chapter 10. Global Uninterruptible Power Supply Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5. Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
Primary & Secondary Sources to Collect & Validate Data
Utilization of Both Top Down & Bottom Up Approach
Holistic Research Methodology
Scope & Introductory Research
In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.
Data Collection
Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders.
Data Fusion
At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.
Data Analysis
At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.
Verification
Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report.
Quality Assurance & Report Preparation
Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.
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