(MENAFN- GetNews) The report on the global Uninterruptible Power Supply (UPS) market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
Market Highlights:
Uninterruptible Power Supply (UPS) has emerged as a highly relevant technology in the modern world. Several factors can be credited to the success of UPS. The industrial boom in countries such as China, Brazil, Mexico and India has created a favorable business climate for the power and energy sector and its sub-sectors. Today, energy is viewed as a key engine of economic growth, especially for countries who heavily rely on their industrial output. This, in turn makes UPS an important technology. UPS systems ensure manufacturing facilities run in full throttle, avoiding any downtime. Businesses continue to seek solutions for power supply management and securing, which is creating lucrative market opportunities for UPS. In 2017, the global market for UPS stood at USD 7,225.7 Mn and is likely to exhibit an above-average growth over the next couple years. Meanwhile, many of the fast-developing countries in Asia and Latin America are being targeted as new revenue pockets by market players as there is a sharp rise in power consumption in these countries.
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Major Key Players
- SORO Electronics,
- Socomec,
- ABB,
- Xiamen Kehua Hengsheng Co. Ltd.,
- Emerson Electric Co.,
- Beijing Dynamic Power Co. Ltd.,
- Schneider Electric,
- Guangdong Prostar New Energy Technology Co. Ltd.,
- PowerMan, Zhejiang SANKE Electrical Co. Ltd.,
- KSTAR Corporation,
- AEG Power Solutions,
- Jeidar Electronics,
- Eaton Corporation,
- EAST Group Co. Ltd.,
- Jiangsu EKSI Electrical Manufacturing Co. Ltd.,
- Sendon International Ltd.,
Guangdong Zhicheng Champion Group Co. Ltd, S & C Electric Company, HongBao Electric Co. Ltd., Delta Electronics Inc., Active Power Inc., Gamatronic, Toshiba Corporation, Cyber Power Systems Inc., Baykee.
According to MRFR, The Global Uninterruptible Power Supply (UPS) Market was observed to have generated a value of USD 7,225.7 Mn in 2017 and is predicted to appreciate at a CAGR of 8.3% during the forecast period from 2018 to 2025. This projects an optimistic outlook for the global market. The growing demand for continuous power supply is expected to lead to a market value of USD 13,154.4 Mn by the end of 2025.
Industry News
Kohler Co. acquired Pure Power Systems from Dublin, an independent service provider and distributor of uninterruptible power supply systems with an aim to enhance the UPS services in the U.K. Also, integrated cloud data storage solution provider and Piller Power Systems Technology have concluded one deal to establish its new campus in India to benefit in easy maintenance, high scalability, and high availability.
Drivers and Trends
The UPS market is set to witness substantial growth in the next few years attributing to the growing demand of the high-power range systems. In recent time, the trend is towards the adoption of UPS systems, which is considered to be an outstanding power-backup. This is expected to impact market growth by 2025—the forecast period favorably.
The current scenario is also witnessing a growing trend of these systems as an essential power backup device for performing more effectively and efficiently. The market of global uninterruptible power supply ups is also fostering with higher CAGR by technological advancement and availability of data center rack solutions.
Furthermore, the UPS market is expected to witness constant demand across several industry verticals such as BFSI, plant automation, IT, government, healthcare, education, telecom, and hospitality. Apart from this, few of the noteworthy trends fueling the growth in the market include, development of smaller lighter and more powerful UPS systems, the rising eminence of transformer-based UPS systems, and growing commercial value of modular UPS systems in complex IT environment as government, corporate, education and healthcare sectors.
On such an advantageous aspect of the UPS system, there have been continuous technology developments that are primarily focused on adaptability, availability, manageability, serviceability, and safety. It is estimated that these factors will continue to remain the prevailing theme for long term success in the market.
Market Segmentation:
The global uninterruptible power supply ups market in MRFR's report has been segmented by product type and by application type.
By mode of product type, the market segment includes offline and standby, line interactive and online and double-conversion.
By mode of application type, the market segment includes telecommunication, data center, medical, industrial, marine, and others.
Regional Analysis
According to MRFR's report on global uninterruptible power supply ups market, the market has spread its substantial share in the major regions of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Of these, Asia Pacific represents the largest and the fastest growing market at a higher CAGR over the forecast period. The reasons are expanding industrial sector, business and commercial stores, largely installed digital equipment, adoption of smart factory technologies, growing digital affluence, thriving middle-class population and proliferation of IoT devices in every industry.
Whereas, in North America, the uninterruptible power supply market has generated the highest revenue since 2017 and has secured a leadership position with earning a valuation of USD 7225.7 Million in the global market.
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Intended Audience
- Technology Investors
- Technology Providers
- Research/Consultancy Firms
- Infrastructure Providers
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 ASSUMED MAINTENANCE FREQUENCIES
TABLE 4 GLOBAL UNINTERRUPTIBLE POWER SUPPLY MARKET, BY PRODUCT-TYPE, 2017-2025
TABLE 5 GLOBAL UNINTERRUPTIBLE POWER SUPPLY MARKET, BY APPLICATION, 2017-2025
TABLE 6 GLOBAL UNINTERRUPTIBLE POWER SUPPLY MARKET, BY REGION, 2017-2025
Continued……
List of Figures
FIGURE 1 GLOBAL UNINTERRUPTIBLE POWER SUPPLY MARKET: MARKET STRUCTURE
FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2025)
FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2025)
FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2025)
FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2025)
Continued……
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