Uninterruptible Power Supply (UPS) Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 11.72 Billion |
| Market Size (2029) | USD 14.07 Billion |
| CAGR (2024 - 2029) | 3.73 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
Uninterruptible Power Supply (UPS) Market Analysis
The Uninterruptible Power Supply Market size is estimated at USD 11.72 billion in 2024, and is expected to reach USD 14.07 billion by 2029, growing at a CAGR of 3.73% during the forecast period (2024-2029).
- During the medium term, the increasing demand for backup applications in data centers and rising power outages to increase the demand for UPS are expected to drive the growth of the market studied.
- On the other hand, the high capital cost and operation expenditure of UPS systems may hinder the market's growth, which is one of the major restraints for the market.
- Technological advancements in UPS battery systems, such as new lithium-ion (Li-ion) batteries with high operating temperatures, are expected to create immense market opportunities in traditional data centers. UPS systems can be installed as backup systems when the electricity grid fails. They are expected to provide growth opportunities during the forecast period.
- Asia-Pacific dominates the market and is likely to register the highest CAGR during the forecast period. The growth may be driven by the existing policy framework supporting the adoption of 5G networks and increasing investments in data center technologies.
Uninterruptible Power Supply (UPS) Market Trends
Standby UPS System is Expected to Dominate the Market
- A standby UPS system, also called the offline UPS system, provides the essential features of a UPS system. It provides battery backup and surge protection. Standby UPS systems switch to a battery fast enough to prevent power anomalies and ride out short outages, and a standby UPS system protects against most voltage spikes. Still, it does not maintain perfect power during sags and sages.
- The growing demand for consumer electronics worldwide is one of the major drivers for standby UPS systems compared to other UPS systems. Standby UPS systems are the most preferred option for consumer electronics as they are the most economical option for devices with low power consumption.
- For instance, according to the International Data Center (IDC), the global shipment of desktop computers increased to about 88.27 million units in 2021 compared to 79.8 million in 2020. Moreover, the International Data Center predicts that personal computer shipment is expected to increase by 13.1% by 2027, rising from 251.8 million units shipped in 2022 to 285 million units in 2027, growing annually by 3.1%.
- The demand for gaming consoles is expected to increase during the forecast period. Moreover, during the pandemic, there was a surge in demand for home entertainment. According to VGChartz, the cumulative sales of current-generation consoles increased from 13.12 million units to 36.1 million units in November 2023. A standby UPS is necessary for gaming consoles in areas with frequent power fluctuations, as unsafe levels of electricity can damage the system.
- Overall, the demand for standby UPS systems is primarily expected from consumer electronics, as offline UPS systems provide devices with power backup and protection. The demand is expected to increase during the forecast period due to the increasing demand for desktop PCs and gaming consoles.
Asia-Pacific is Expected to Dominate the Market
- 鈥� Asia-Pacific witnesses frequent blackouts and unstable power supply, especially in countries like Malaysia, Cambodia, and the Philippines. Major end users of UPS systems in the region include its booming telecom, commercial, industrial, manufacturing, and residential sectors.
- 鈥� The region鈥檚 manufacturing sector is one of the major contributors to its economy, with China being the largest hub of the manufacturing sector. Japan, South Korea, India, and Indonesia are a few major contributors to Asia-Pacific. On the other hand, countries like Malaysia, Vietnam, and Singapore are expected to witness an increased share during the forecast period.
- 鈥� The need for UPS systems in industries has been prompted by automation in the manufacturing sector involving computer-based control systems, Programmable Logic Control (PLC) units, and process control applications.
- UPS systems offer backup during electric power failure and protect equipment from power glitches like surges, under voltage, power sags, over-voltage, line noise, frequency variations, and switching transient and harmonic distortions. Therefore, UPS systems have become essential to almost all industries like engineering, telecom, R&D, education, medicine, IT, BPO, aviation, manufacturing, and banking.
- The manufacturing sector encompasses industries like automotive, food processing, steel manufacturing, and semiconductors, all requiring power quality equipment like UPS systems for smooth operations as fluctuating and disruptive power causes monetary losses significantly.
- Power cuts and variable power supply cause significant damage to industries and businesses that rely heavily on good quality electricity for smooth operations. However, maintaining good quality power in developing countries like India and China is difficult for the authorities.
- For instance, according to Invest India, by 2026-27, India's power generation installed capacity will likely be nearly 620 GW, 38% of which will be from coal and 44% from renewable energy. India's aim is to diversify its energy sources and the target is to provide a 24x7 electricity supply by making a large addition of renewable energy generation capacities, which is estimated to be a significant driver for the market. The growing electricity demand, increasing disposable income, and the need for a reliable power supply are expected to support the UPS market in India during the forecast period.
- Therefore, based on the above mentioned factors, Asia-Pacific is expected to become the fastest-growing UPS market during the forecast period.
Uninterruptible Power Supply (UPS) Industry Overview
The uninterruptible power supply (UPS) market is fragmented. Some of the major players (in no particular order) include Riello Elettronica SpA, EATON Corporation PLC, Emerson Electric Co., ABB Ltd, and Schneider Electric SE.
Uninterruptible Power Supply (UPS) Market Leaders
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Emerson Electric Co.
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ABB Ltd
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Schneider Electric SE
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Riello Elettronica SpA
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EATON Corporation PLC
*Disclaimer: Major Players sorted in no particular order
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Uninterruptible Power Supply (UPS) Market News
- January 2024: 3E partners partnered with SynaptiQ to reveal their joint effort with The Energy Act for Ukraine Foundation (EAFU), a Ukrainian charitable organization committed to tackling the energy poverty challenge arising from the Russian invasion. This collaboration signifies a noteworthy advancement in enhancing the effectiveness of EAFU's primary endeavor, particularly in ensuring an uninterrupted power supply for schools and hospitals impacted by the conflict in Ukraine.
- October 2023: ABB approved Zincfive as a supplier of nickel-zinc batteries alongside lithium-ion and lead-acid batteries for their UPS systems. ZincFive's BC series of nickel-zinc battery cabinets can be installed and supported as part of an ABB uninterruptible power supply system.
Uninterruptible Power Supply (UPS) Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Increasing Demand for Backup Applications in Data Centers
4.5.1.2 Rising Power Outages to Increase the Demand for UPS
4.5.2 Restraints
4.5.2.1 High Capital Cost and Operation Expenditure of UPS Systems
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Capacity
5.1.1 Less than 10 kVA
5.1.2 10-100 kVA
5.1.3 Above 100 kVA
5.2 By Type
5.2.1 Standby UPS System
5.2.2 Online UPS System
5.2.3 Line-interactive UPS System
5.3 By Application
5.3.1 Data Centers
5.3.2 Telecommunications
5.3.3 Healthcare (Hospitals, Clinics, etc.)
5.3.4 Industrial
5.3.5 Other Applications
5.4 By Geography (Regional Market Analysis {Market Size and Demand Forecast till 2029 (for regions only)})
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Russia
5.4.2.6 Spain
5.4.2.7 NORDIC
5.4.2.8 Turkey
5.4.2.9 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Australia
5.4.3.6 Malaysia
5.4.3.7 Thailand
5.4.3.8 Indonesia
5.4.3.9 Vietnam
5.4.3.10 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Colombia
5.4.4.4 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 United Arab Emirates
5.4.5.3 Qatar
5.4.5.4 Nigeria
5.4.5.5 Egypt
5.4.5.6 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Riello Elettronica SpA
6.3.2 EATON Corporation PLC
6.3.3 Emerson Electric Co.
6.3.4 Delta Electronics Inc.
6.3.5 ABB Ltd
6.3.6 Schneider Electric SE
6.3.7 Hitachi Ltd
6.3.8 Mitsubishi Electric Corporation
6.3.9 General Electric Company
6.3.10 Cyber Power Systems Inc.
6.3.11 Aspex Inc.
- *List Not Exhaustive
6.4 Market Ranking Analysis**
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Technological Advancements in UPS Battery Systems
Uninterruptible Power Supply (UPS) Indsutry Segmentation
Uninterruptible power supply (UPS), a power quality device, provides constant and stable power to a critical system load. The device prevents any potential incoming power quality issues from distribution systems like voltage sags, interruptions, harmonics, swells, and noise that hinder the performance of sensitive electronic components and other electrical equipment. It protects equipment that is sensitive to power quality fluctuations from interruptions, isolating the critical load from power quality issues in the incoming supply.
The uninterruptible power supply market is segmented by capacity (less than 10 KVA, 10-100 KVA, and Above 100 KVA), type (standby UPS system, online UPS system, and line-interactive UPS system), application (data centers, telecommunications, healthcare [hospitals, clinics, etc.], industrial, and other applications), and geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report also covers the market size and forecasts across major regions. Market sizing and forecasts were made for each segment based on revenue (USD).
| By Capacity | |
| Less than 10 kVA | |
| 10-100 kVA | |
| Above 100 kVA |
| By Type | |
| Standby UPS System | |
| Online UPS System | |
| Line-interactive UPS System |
| By Application | |
| Data Centers | |
| Telecommunications | |
| Healthcare (Hospitals, Clinics, etc.) | |
| Industrial | |
| Other Applications |
| By Geography (Regional Market Analysis {Market Size and Demand Forecast till 2029 (for regions only)}) | ||||||||||||
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Uninterruptible Power Supply (UPS) Market Research FAQs
How big is the Uninterruptible Power Supply Market?
The Uninterruptible Power Supply Market size is expected to reach USD 11.72 billion in 2024 and grow at a CAGR of 3.73% to reach USD 14.07 billion by 2029.
What is the current Uninterruptible Power Supply Market size?
In 2024, the Uninterruptible Power Supply Market size is expected to reach USD 11.72 billion.
Who are the key players in Uninterruptible Power Supply Market?
Emerson Electric Co., ABB Ltd, Schneider Electric SE, Riello Elettronica SpA and EATON Corporation PLC are the major companies operating in the Uninterruptible Power Supply Market.
Which is the fastest growing region in Uninterruptible Power Supply Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Uninterruptible Power Supply Market?
In 2024, the Asia-Pacific accounts for the largest market share in Uninterruptible Power Supply Market.
What years does this Uninterruptible Power Supply Market cover, and what was the market size in 2023?
In 2023, the Uninterruptible Power Supply Market size was estimated at USD 11.28 billion. The report covers the Uninterruptible Power Supply Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Uninterruptible Power Supply Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the emerging trends in the UPS Market?
The emerging trends in the UPS Market are a) Advancements in UPS battery technology, such as lithium-ion batteries with higher operating temperatures b) Trend toward smaller-footprint UPS solutions and strategic collaborations among market players to expand their presence
UPS Industry Report
The global uninterruptible power supply (UPS) market is experiencing significant growth driven by the increasing demand for reliable power solutions across various sectors. The market is segmented by product type into online/double conversion, line-interactive, and off-line/standby systems, with the off-line/standby segment holding a substantial share due to its cost-effectiveness and reliability. Application-wise, the market is divided into residential, commercial, industrial, telecom, data center, marine, medical, and others, with data centers and telecommunications leading in UPS deployment to ensure uninterrupted operations.
The UPS market share is poised for steady growth, driven by the continuous development of infrastructure and the adoption of advanced technologies. UPS companies are focusing on innovations in the UPS battery market to enhance performance and reliability. The uninterruptible power supply market size continues to expand as industries increasingly recognize the importance of uninterrupted power for critical operations.
Statistics for the UPS market share, size, and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports, include a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.
The market cap of the UPS industry is substantial, and the annual report highlights the continuous growth rate. The market share and market size are crucial indicators of the industry's health. Market value and market research are essential for understanding the target market. Market capitalization and market analysis provide insights into the market report. Industry analysis and market segmentation are vital for industry reports. The global market is analyzed through market data, and the analysis PDF is available for detailed insights. Growth forecast and industry data are included in the market growth outlook. Market trends and market updates are also part of the report PDF.
The industry analysis covers various aspects such as industry information, industry outlook, industry reports, industry research, industry sales, industry size, industry statistics, and industry trends. The market data, market forecast, market growth, market leaders, market outlook, market overview, market predictions, market review, market segmentation, and market value are comprehensively detailed. The report example and report PDF provide a thorough understanding of the research companies involved in the UPS market.
