Uninterruptible Power Supply (UPS): Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2018-2028

Market Definition

When the input power source or mains power fails, an uninterruptible power supply (UPS) or uninterruptible power source (UPS) supplies emergency power for a load. A UPS typically uses batteries, flywheels, or supercapacitors to store energy. The advantage of UPS over other instantaneous power supply systems is its tight protection against input power interruptions. It has a brief on-battery runtime, but it is enough to turn on a standby power source or securely shut down any connected equipment (computers, telecommunications equipment, etc.). To prevent harm to the gadgets, they can only be used temporarily for the delivery of electricity.

Market Insights

Global UPS market stood at $9.5 billion in 2022 and set to grow at a CAGR of 5.8% during 2023-2032. Due to the rising urbanization and expansion of the IT industry, there has been significant growth in the global uninterruptible power supply market. It is also projected that the availability of data centre rack solutions and technological improvement will promote market expansion. Additionally, the rising demand for UPS in the residential and commercial sectors will fuel market expansion. The market under investigation is predicted to develop over the next few years as a result of the emerging trends of IoT and smart buildings, an increase in the number of data centres throughout the world, virtualization and cloud computing, multi-cloud adoption, and network upgrades. On the other hand, one of the main market barriers is the price of online UPS, which is expensive and has some limits when it comes to protecting large equipment from power outages. For instance, the International Data Centre (IDC) reports that compared to the prior year, which was just about 79.8 million units, the global shipment of desktop personal computers climbed in 2021 to around 88.27 million units. Due to competition from mobile devices like laptops and desktops, sales of desktop personal computers have generally decreased; however, this is anticipated to change as more professionals choose to work from home in the future.

However, new lithium-ion (Li-ion) batteries with high operating temperatures and technological developments in UPS battery systems are anticipated to open up a wide range of options in conventional data centres. During the projection period, UPS systems, which may be placed as a backup system in the event that the electricity grid goes down, are anticipated to offer growth prospects. The coronavirus pandemic, which increased demand for home entertainment, contributed to the rise in demand for gaming consoles, which is anticipated to continue during the projection period. The total number of current-generation consoles sold increased from 13.12 million in 2017 to 46.32 million in 2021, according to VGChartz. Gaming consoles require a backup UPS, especially in locations with low power quality where harmful electrical levels could harm the device.

The market is dominated by the Asia-Pacific region, which is also anticipated to see the greatest CAGR. The framework of rules already in place encouraging the use of 5G networks and rising investments in data centre technology are the major factors driving the rise.

Market Dynamics: Drivers

Zero Power Downtime from Various Sectors

Every industry’s businesses have undergone digitization. As a result, business processes now rely heavily on electronic devices to access and gather information. This increases reliance on a consistent and dependable power supply. Business operations in enterprises cannot be carried out without a power source. There must be a guaranteed and dependable power supply in place in the event of a power outage or loss of the primary power source. UPS maintains continuity and dependability in the event of a primary power failure to preserve ongoing work and protect hardware. In spite of the fact that the IT industry has a strong demand for UPS systems, many industrial processes increasingly use microprocessors and PC-based systems, which are vulnerable and sensitive to power interruptions. A brief power outage can stop industrial processes and result in significant monetary losses. As a result, the majority of industries from all sectors have begun implementing advanced UPS and modular UPS systems.

Market Dynamics: Challenges

Higher CAPEX and OPEX of Modular UPS

Modular UPS systems heavily rely on capital expenditure (CAPE) and operational expenditure (OPEX). The initial cost of modular UPS systems, big cabinets, and monitoring software is included in CAPEX. Due to the need for large cabinets to store expansion-capable modules, modular UPS systems cost more to purchase than standalone units. Therefore, it is essential to account for the power capacity that organisations will need in order to reap the true benefits of modular UPS systems. Post-installation, modular UPS models, and batteries need frequent, expensive maintenance. Modular UPS systems require routine maintenance, just like all electrical equipment. Additionally, there is always a risk for maintenance workers who come into contact with UPS batteries when the systems are up and running. As a result, businesses are occasionally cautious to choose modular UPS systems, which is likely to impede the market’s expansion.

Market Segmentation

• Based on Power Range, the Global UPS market is segmented into
  • 1 kVA–10 kVA
  • 1 kVA–20 kVA
  • 1 kVA–50 kVA
  • 1 kVa–100 kVA
  • 1 kVA–200 kVA
  • Above 200 kVA
• Based on End Use, the Global UPS market is segmented into
  • Data Center
  • Residential
  • Telecom
  • BFSI
  • Manufacturing
  • Healthcare
  • Marine
  • Office space
  • Others
• Based on Phase Type, the Global UPS market is segmented into
  • Single Phase
  • Three Phase
• Based on Technology, the Global UPS market is segmented into
  • Modular
  • Monolithic
• Based on Topology, the Global UPS market is segmented into
  • Rotary
  • Static
• Based on Geography, the Global UPS market is segmented into
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar and volume in Units.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

 Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global UPS Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global UPS Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global UPS Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global UPS Market study?