Uninterrupted Power Supply (Ups) System Market Share, Price Trends, Opportunity and Forecast 2023-2028

According to the new market research report by IMARC Group “Uninterrupted Power Supply (UPS) System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the global uninterrupted power supply (UPS) system market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.25% during 2023-2028.

Uninterrupted Power Supply (UPS) System Market Overview:

An uninterrupted power supply (UPS) system is a battery backup solution that is used in case of power failures or voltage drops. Voltage and frequency independent (VFI), voltage-independent (VI), and voltage-dependent (VD) are some of the commonly used UPS systems. They consist of rectifiers, static bypass switches, batteries, flywheels and supercapacitors. Uninterrupted power supply (UPS) systems have a short on-battery run-time, which is sufficient for securely shutting down active equipment and devices, such as data centers, computers and television systems. This, in turn, aids in preventing operational disruption data loss, protecting the voltage-sensitive devices, maintaining battery life and providing surge protection. As a result, UPS systems are widely used in telecommunication centers, electric point of sales (PoS) terminals and healthcare centers. 

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Uninterrupted Power Supply (UPS) System Market Trends:

The increasing demand for reliable power solutions in large-scale manufacturing facilities to provide uninterrupted power supply during power shortage and interruptions is primarily driving the market growth. In line with this, the increasing demand for zero power downtime across various industries to improve productivity and effectively run information technology (IT) operations is favoring the market growth. Apart from this, various product innovations, such as the introduction of lithium-ion (Li-ion) batteries with a higher energy density, voltage capacity and operating temperature, are providing a considerable boost to the market growth. Additionally, the widespread product adoption across residential and commercial complexes for protecting electronic devices and smart devices against sudden power outages and voltage fluctuations is positively impacting the market growth. Other factors, including the introduction of self-diagnostic features, significant expansion in the telecommunication industry and the increasing requirement for factory automation, are anticipated to drive the market toward growth.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Uninterrupted Power Supply (UPS) System Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

Top Market Players in the Industry:

  • ABB Ltd.
  • AEG Power Solutions B.V. (3W Power S.A.)
  • CyberPower Systems Inc.
  • Delta Electronics Inc.
  • Eaton Corporation
  • Emerson Electric Co.
  • Hitachi Hi-Rel Power Electronics Private Limited (Hitachi Ltd.)
  • Huawei Technologies Co. Ltd.
  • Legrand
  • Microtek International Inc.
  • Schneider Electric SE
  • Shenzhen SORO Electronics Co. Ltd.
  • Socomec
  • Toshiba Corporation.

Key Market Segmentation:

Breakup by Type:

  • Online
  • Offline 
  • Line Interactive 

Breakup by Rating:

  • <5KVA
  • 5-<50 KVA
  • 50-200 KVA
  • >200 KVA  

Breakup by End User:

  • Residential
  • Industrial
  • Commercial

On the basis of region, the market is divided into:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                           

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                                                      

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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