Report Description
A recent market intelligence report that is published by Data Insights Partner on the global UPS Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international UPS Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global UPS Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global UPS Market is offered. In accordance with the report, the global UPS Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Definition
When the main power source fails or the voltage level dips, a UPS or uninterrupted power supply, also known as battery backup, is typically employed. Small computers can be safely shut down with the help of UPS systems, which provide battery backup. In commercial and industrial settings, UPS systems are employed for a few minutes before the regular generators take over. Some of the most often used UPS systems are offline, online, and line-interactive UPS systems. For power backup, UPSs are commonly used in hospitals, small offices, electric point-of-sale terminals, and telecommunication centers.
Market Drivers
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q The continuous power supply system (UPS) market is predicted to rise due to a major increase in demand for reliable power solutions that can support large-scale manufacturing facilities. Business companies can use UPS to keep their operations running in the event of a power outage.
q Various industries are asking for zero power outages more frequently. As a result, there is an increased need for a consistent and stable power source. In the event of a power outage or the loss of primary power, there must be a safe and reliable power supply. The UPS preserves continuity and reliability when the main power goes off, allowing ongoing work to be saved and gear to be protected. Despite the growing demand for UPS systems in the IT industry, many industrial processes have now embraced microprocessors and PC-based systems that are vulnerable to power outages.
q The demand for a continuous power supply will fuel market expansion. The growing demand for a reliable and consistent power supply will propel the industry forward till 2025. Technical challenges will have a negative impact on the growth of the global uninterruptible power supply (UPS) market during this time period.
Market Restraints
q Modular UPS systems cost more than standalone UPS systems because they require huge cabinets to contain modules that allow for growth. Modular UPS units and batteries require ongoing, high-cost maintenance after installation. If service staff come into contact with UPS batteries while the systems are online, they are constantly at risk. This aspect is predicted to stifle the modular UPS market’s growth.
Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are highly required for modular UPS systems.
CAPEX includes the initial purchase of modular UPS systems, large cabinets, and monitoring software.
q The uninterruptible power supply (UPS) market faces a challenge due to high installation costs and costly UPS maintenance. The primary restriction for market expansion during the forecast period of 2021-2028 is frequent battery replacement and updating of components and technology.
Opportunities
q Cloud computing, hyper-scale data centers, and huge colocation facilities are in high demand across all industries. This has increased demand for scalable, high-end modular UPS systems that can provide reliable power backup. In 2020, Microsoft plans to open its first data center in New Zealand. There has been an increase in the building of high-end mods during the COVID-19 epidemic.
q The market’s growth could be hampered by the high cost of online UPS and the fact that UPS can’t safeguard big appliances from power outages. In traditional data centers, however, developments in UPS battery systems, such as new Lithium-ion (Li-ion) batteries with high operating temperatures, will generate profitable prospects. Furthermore, Li-ion batteries have a lifespan of two to three times that of typical Valve Regulated Lead Acid (VRLA) batteries.
Trends
In the last four years, the colocation business has seen tremendous expansion. In the current market context, data centers, which frequently require 100 percent uptime, are the key drivers of the modular UPS market. Data loss, non-availability of key services, and potential financial losses are all consequences of power supply discrepancies.
COVID 19 IMPACT On UPS Market
The pandemic has had a detrimental influence on enterprise demand for modular UPS gear in 2020. The pandemic is most likely to have a negative impact on the energy, retail, and government sectors. Due to a lack of staff and the fact that the bulk of the world’s population is remaining at home due to rigorous laws and containment measures during the pandemic, production plants have shut down or are operating at lesser capacity, limiting output. The supply chain and logistics have been impacted as a result of this. Due to rising demand for their services and data center installations, the need for modular UPS hardware for cloud and colocation is predicted to rise between 2020 and 2021. This would open doors for modular UPS manufacturers.
Segment Covered:
This market intelligence report on the global UPS Market encompasses market segments based on resolution, end use, application and country.
UPS Market by component
q Solution
50 kVA and Below
51-100 kVA
101-250 kVA
251-500 kVA
501 kVA and Above
q Services
Training, education, and consulting
Integration and Implementation
Support and Maintenance
UPS Market by organization size
q Large Enterprises
q Small and Medium-sized Enterprises
q Gas turbine market by technology
UPS Market by verticals
q BFSI
q Cloud Service and Colocation Providers
q Telecom
q Manufacturing
q Healthcare
q Energy and Utilities
q Government and Public Sector
q Others* (include education and retail)
By country/region, the global UPS Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Schneider Electric
q Huawei
q ABB
q Eaton
q Emerson
q Legrand
q Vertiv
q Rittal
q Delta Electronics
q Toshiba
q HPE
q AEG Power Solutions
q Panduit
q Gamatronic
q Tripp-Lite
q XtremePower
q Socomec
q Centiel
q Cyberpower
q Riello UPS
q Borri.
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as UPS Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Schneider Electric
8th April 2021 – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the launch of EcoStruxureTM Rail in India. Through this end-to-end digital solution, the company aims to build a collaborative digital environment for safe, efficient, reliable, and sustainable metro rail operations in the country.
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Schneider Electric
26/03/2021, Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the launch of its self- disinfecting anti-viral and anti-bacterial switches under its Clipsal X product range. Meeting international standards of testing, the switches are powered by Silver Ion technology which can kill over 99.9% of germs and self-disinfects themselves.
ABB
2021-03-25, ABB has completed its initial share buyback program that was launched in July 2020 as part of the company’s commitment to return to shareholder’s cash proceeds from the Power Grids divestment of $7.6-7.8 billion.
ABB
2021-03-22 Building on their long-term relationship across several disciplines, ABB and ETH Zurich, a leading research university in Switzerland, have expanded their partnership into robotics research as part of ETH’s Robot strategic initiative.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the UPS Market, size of the market USD 2.27 billion in 2020, and Compound Annual Growth Rate 11.14% for the period of forecast: 2021-2026
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world UPS Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for UPS Market to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for gas turbine market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the UPS Market
v Identification of key factors driving investment opportunities in the UPS Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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