UPS Market Share, Size, Trends & Global Industry Forecast Report, 2020-2027

UPS Market:

The GMI Research expects the UPS market to expand at a significant rate. From a regional perspective, Asia-pacific is predicted to rise at a faster CAGR due to the increasing demand from several industries, including financial services and insurance (BFSI), IT, government, banking, telecom, manufacturing, and energy sectors.

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UPS Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The growing frequency of power variations, the rising usage of industrial UPS as an emergency system in several sectors like oil & gas, and the increasing number of data centers and cloud storage utilization are the major factors responsible for the growth of the UPS market size. The rising number of data centers and the increasing rate of voltage fluctuation worldwide is another factor surging the growth of the UPS market share in terms of revenue. Voltage fluctuations cause serious threats in various industries that include hospitals & factories. The rising incidences of losses occurred by constant fluctuations will lead to an increase in the demand for UPS systems as they offer reliable power back up to the device and performs effectively. According to the UPS market analysis, the high adoption of lithium-ion batteries for the UPS system, the rapid technological advancement, and the growing integration of power sources will further stimulate the growth of the UPS market. On the other hand, the high maintenance and installation costs will hinder the market growth.

Type Segment Drivers

Based on the type, the market is segmented into online UPS, offline UPS, and Line Interactive UPS. The offline UPS segment is projected to grow at a higher CAGR in the upcoming years include the growing application of offline UPS. The offline UPS is particularly designed for basic computers, security systems, POS systems, consumer electronics, and other basic electronic devices. On the other edge, the online UPS segment is projected to lead the market over the forecast period as it offers consistent and reliable power irrespective of the condition of incoming power as the batteries are connected to the inverter.

UPS Market’s leading Manufacturers:

  • Schneider Electric SE
  • Eaton Corporation Plc
  • Emerson Electric Company
  • Legrand
  • Vertiv Co.
  • ABB Ltd.
  • Luminous Power Technologies
  • Mitsubishi Electric Corporation
  • Su-Kam Power Systems Ltd.
  • Microtek International Private Ltd.
  • Hitachi Hi-Rel Power Electronics Pvt. Ltd.

UPS Market Segmentation:

Segmentation by Type:

  • Online UPS
  • Offline UPS
  • Interactive UPS

Segmentation by Power Rating:

  • Less than 5KVA
  • 1KVA-50KVA
  • 1KVA-200KVA
  • Above 200kVA

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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Published by Rajan

Content Publisher @ GMI Research.

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