(MENAFN- GlobeNewsWire - Nasdaq)
New York, USA, May 25, 2023 (GLOBE NEWSWIRE) -- According to the research report published by Market Research Future (MRFR),“ modular ups market Information Deployment Mode, By Component, Organization Size, Vertical, and Region - Forecast till 2032”, the market of Modular UPS could thrive at a rate of 10.53% between 2023 and 2032. The market size will be reaching around USD 8.617 Billion by the end of the year 2032.
Modular UPS Market Overview:
Modular UPS (Uninterruptible Power Supply) refers to a power protection system that comprises individual modules that can be added or removed according to the power requirements of the application. These modules are connected in parallel to provide a redundant and reliable power supply in case of any power outage or voltage fluctuations. Modular UPS systems offer a range of benefits, including scalability, flexibility, easy maintenance, and high efficiency. They are widely used in critical applications, such as data centers, hospitals, and industrial processes that require continuous and reliable power supply.
Modular UPS systems have a broad range of applications across industries, including data centers, telecommunications, healthcare, transportation, manufacturing, and more. These systems are particularly useful in mission-critical applications where even a few seconds of power loss can cause significant losses. For example, in data centers, modular UPS systems provide reliable power backups to protect data and equipment from damage caused by power outages, voltage fluctuations, or other disturbances. In hospitals and healthcare facilities, modular UPS systems ensure uninterrupted power supply to critical medical equipment, such as ventilators and monitors.
Get a Free Sample PDF Brochure -
Modular UPS Market Competitive Landscape:
The affluent companies in the Modular UPS industry include
ABB Group Emerson Electric Co. Eaton Corporation PLC Huawei Technologies Co. Ltd. Schneider Electric SE General Electric Delta Electronics Inc. Gamatronic Electronic Industries Ltd. Riello Electronica Group Tripp Lite
Scope of the Report - Modular UPS Market:
| Report Metrics || Details |
| Market Size by 2032 || USD 8.617 Billion |
| CAGR during 2023-2032 || 10.53% |
| Base Year || 2021 |
| Forecast || 2023-2032 |
| Key Market Opportunities || The rapid colocation expansion |
| Key Market Dynamics || The rising adoption of cloud applications across industries |
buy now premium research report - Get Comprehensive Market Insights.
Industry News- March 2021
The Modular UPS market happened when Schneider Electric, one of the leading players in the market, launched a new range of modular UPS systems under its Galaxy VL brand. The new systems feature lithium-ion batteries and offer high power density, efficiency, and reliability, making them suitable for use in data centers and other mission-critical applications.
Modular UPS Market USP Covered:
The driving factors for the Modular UPS market include the increasing demand for reliable and uninterrupted power supply, the growing need for energy-efficient power solutions, and the rising adoption of cloud-based services and data centers. As more companies rely on digital technologies, the need for reliable and efficient power supply solutions continues to grow. Modular UPS systems offer a scalable and flexible solution to meet these requirements, enabling organizations to optimize their power infrastructure according to their needs.
Browse In-depth Market Research Report (100 Pages , Charts, Tables, Figures ) on Modular UPS Market:
The market for Modular UPS systems is not without its challenges. Market restraints include the high initial cost of installation, the complexity of maintenance, and the lack of standardization in the industry. The high cost of modular UPS systems can be a significant barrier to entry for smaller businesses, while the complexity of maintenance can increase the risk of downtime and other issues. Additionally, the lack of standardization in the industry can make it challenging to compare different systems and ensure interoperability.
COVID 19 Analysis:
The COVID-19 pandemic has had a mixed impact on the Modular UPS market. On the one hand, the increasing reliance on digital technologies and remote work has driven the demand for reliable and efficient power supply solutions. On the other hand, economic uncertainty and disruptions to supply chains have slowed down the growth of the market. However, as the world moves towards recovery, the Modular UPS market is expected to continue its growth trajectory.
By Component- The Components in the market include Solutions and Services. By Organization Size- By Organization Size, the segment includes Large Enterprises, Small Enterprises, and Medium-Sized Enterprises By Vertical- By Vertical, the segment includes BFSI, Healthcare, Manufacturing, IT & Telecommunication, Media & Entertainment, Defense, and Data Centers
ask for customization - Get a customized version of the report by submitting a customization request.
North America's market is driven by the increasing demand for energy-efficient power solutions and the adoption of digital technologies. The region's emphasis on reducing carbon emissions and the adoption of advanced power management technologies are expected to fuel market growth in the region. Further, Europe's market for Modular UPS systems is driven by a strong focus on sustainability and the use of renewable energy sources. The region's increasing adoption of green technologies and energy-efficient solutions is expected to drive the growth of the market.
Additionally, the Asia-Pacific region is expected to see the most significant growth in the Modular UPS market, driven by the increasing demand for data centers and cloud-based services in countries such as China, India, and Japan. The region's increasing adoption of advanced technologies and digital transformation is expected to fuel the growth of the market in the coming years.
smart hospital market - The Smart Hospital market industry is projected to grow from USD14.214 Billion in 2023 to USD 77.421 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.60% during the forecast period (2023 - 2032). test & measurement equipment market - The Test and Measurement Equipment market is projected to grow from USD 32.44 Billion in 2022 to USD 42.69 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.00% during the forecast period (2022 - 2030). rf test equipment market - The RF Test Equipment market industry is projected to grow from USD 4.03 Billion in 2023 to USD 25.79 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.21% during the forecast period (2023 - 2030).
Browse through more semiconductor and electronics Research Reports.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Follow Us: linkedin | twitter
Tags modular ups market modular ups market trends modular ups industry modular ups market size Related Links
edge ai hardware market size push buttons signaling devices market size optical encoder market size density meter market size far-field speech and voice recognition market size industrial safety market size functional printing market size smart exoskeleton market size transparent display market size digital pen market size predictive emission monitoring system market size nanoelectromechanical systems market size soft robotics market size interactive display market size smart home device market size webcam market size magnetoresistance sensor market size organic semiconductor market size converter modules market size smartphone market size
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.