(MENAFN- PR Newswire) NEW YORK, April 13, 2023 /PRNewswire/ -- Technavio has been monitoring the ups market , which is expected to grow by USD 5.97
billion during the five-year forecast period.
As per the latest report, the market will progress at a CAGR of 4.5% from 2022 to 2027. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. Advances in UPS technolog y will be a key trend in the market. There are numerous end-users of UPS, such as homeowners, data centers, hospitals, factories, universities, and other businesses. Offline/standby UPS, line-interactive UPS, and online double conversion UPS are the most prominent types of UPS. Vendors are focusing on aspects such as using silicon-based components in UPS to improve efficiency. Such factors will drive the growth of the global uninterruptible power supply (UPS) market during the forecast period.
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Technavio has announced its latest market research report titled Global UPS Market 2023-2027
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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., Raytheon Technologies Corp., Schneider Electric SE, Siemens AG, TOSHIBA CORP, and Vertiv Holdings Co.
are some of the major market participants. Although the growth in data center infrastructure will offer immense growth opportunities, the risks of UPS failure will challenge the growth of the 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 positions in the slow-growing segments.
Data center operators are significantly increasing their investments in infrastructure. For instance, in February 2019, Google LLC (Google) announced that it would spend USD 13 billion for the construction of data centers and offices in the US. Similarly, in August 2019, Microsoft Corp. (Microsoft) partnered with Reliance Industries Ltd. (Reliance Industries) to offer the Azure cloud platform to micro, small, and medium businesses in India at a low cost. Such offerings are expected to boost the growth of the global data center market during the forecast period. Therefore, the growth of data center infrastructure will increase the demand for UPS.
UPS market 2023-2027: Segmentation
Non-residential Residential Type
Online or double conversion Line-interactive Offline or standby Geography
APAC Europe North America Middle East And Africa South America
The non-residential segment will account for a significant share of the market growth during the forecast period. This segment mainly includes UPS for commercial, industrial, and public infrastructure applications. Factors such as the rise in demand for UPS from data centers are driving the growth of the non-residential segment. The increasing use of Internet services, the growing number of connected devices, and the advent of cloud computing are some of the factors fueling the demand for IT infrastructure such as data centers. This, in turn, will fuel the demand for UPS systems.
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UPS market 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our UPS market report covers the following areas:
ups market size ups market trends ups market industry analysis ups market five forces analysis ups market competitive landscape
This study identifies the risks of UPS failure as one of the prime reasons challenging
the UPS market growth during the next few years. UPS systems can fail due to factors such as the non-performance of components. Factors such as incorrect UPS placement, cycling frequency, ambient temperature, and the absence of regular maintenance can affect the life expectancy of batteries. Even a single occurrence of UPS failure can lead to significant damage and losses of up to millions of dollars for data center operators. Such risks can reduce the adoption of UPS systems and, in turn, impede the growth of the global UPS market during the forecast period.
What's new? -
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/active/niche/trivial -
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UPS market 2023-2027: Vendor Analysis
We provide a detailed analysis of various vendors operating in the UPS market. Backed with competitive intelligence and benchmarking, our research reports on the UPS market are designed to provide entry support, customer profile, and M&As, as well as go-to-market strategy support. The key offerings of some of the vendors are listed below:
ABB Ltd. -
The company offers UPS such as DPA UPScale ST, DPA 500, PowerLine DPA, and MegaFlex DPA. Ablerex Electronics Co. Ltd. -
The company offers UPS such as Glamor, ARES RT plus, Titan GT, and Mars III. AMETEK Inc. -
The company, through its subsidiary, offers UPS such as Rugged UPS FA00001 and Rugged UPS FA000018. East Penn Manufacturing Co. Inc. - The company offers UPS such as DEKA High-Rate series, DEKA Unigy II, and DEKA Critical Power. Eaton Corp. Plc -
The company offers UPS such as Eaton 3S, Eaton 5PX G2, Eaton 9155, and Eaton 9PHD Marine UPS.
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UPS market 2023-2027: Key highlights
CAGR of the market during the forecast period 2023-2027 Detailed information on factors that will assist UPS market growth during the next five years Estimation of the UPS market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the UPS market 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 industrial uninterruptible power supply market has the potential to grow by USD 1.13 billion during 2020-2025, and the market's growth momentum will accelerate at a CAGR of 6.58%. Furthermore, this report extensively covers market segmentation by end-user (transport infrastructure, refining and petrochemical, process industry, power, and oil and gas), power rating (1-10 kVA, 10.1-20 kVA, 20.1-100 kVA, and 100.1 kVA and above), and geography (APAC, North America, Europe, MEA, and South America).
The diesel rotary ups (drups) market size is expected to increase by USD 714.74 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.41%. Furthermore, this report extensively covers market segmentation by type (1000-2000 kVA, Above 2500 kVA, 2000-2500 kVA, and 100-1000 kVA), application (it and telecom, semiconductor, healthcare, aviation, and defense), and geography (APAC, North America, Europe, MEA, and South America).
UPS Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.5%
Market growth 2023-2027
YoY growth 2022- 2023 (%)
APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution
APAC at 37%
US, China, India, Japan, and Russia
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
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., Raytheon Technologies Corp., Schneider Electric SE, Siemens AG, TOSHIBA CORP, and Vertiv Holdings Co.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period.
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