Uninterrupted Power Supply Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Uninterrupted Power Supply Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Standby, Line Interactive, and Online), Rating (Up to 50 kVA, Between 50 and 100 kVA, and Above 100 kVA), End User (Data Centers, Telecom, Healthcare, Industrial, and Others), and Geography

  • Report Code : TIPRE00019021
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 174
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The uninterrupted power supply market size is projected to reach US$ 17.52 billion by 2031 from US$ 10.82 billion in 2023. The market is expected to register a CAGR of 6.2% during 2023–2031. Smart UPS systems are likely to remain a key trend in the market.

Uninterrupted Power Supply Market Analysis

Uninterrupted power supply systems are crucial equipment finding application in data centers, power grids, industrial grids and others. UPS systems are extensively used in data servers, computer systems, industrial environments, and laboratories. As a UPS safeguards equipment, it is suitable for scenarios where electrical loads are susceptible to power outages or other power quality issues. For example, UPS systems are often used for computers and servers since power outages can result in data loss. The market is majorly driven by the increasing number of data centers worldwide, upgradation of electricity grid equipment owing to ageing infrastructure, and need for energy efficient systems to achieve the power efficiency norms.

Uninterrupted Power Supply Market Overview

In the healthcare sector, different types of medical and laboratory equipment are vulnerable to power outages or low-quality power. The poor quality or unstable grid electricity for many health facilities in underdeveloped countries results in scheduled or unscheduled power outages for long periods or voltage fluctuations that can damage equipment. In addition, power outages in hospitals and laboratories cause downtime, compromising the quality and availability of key services. As a result, health facilities frequently use backup power systems to handle electrical loads in the event of a power outage due to grid component damage.

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Uninterrupted Power Supply Market: Strategic Insights

Uninterrupted Power Supply Market

  • CAGR (2023 - 2031)
  • Market Size 2023
    US$ 10.82 Billion
  • Market Size 2031
    US$ 17.52 Billion

Market Dynamics

  • Increase in requirement for UPS in smart buildings
  • Focus in energy efficiency in data centers
  • Smart UPS systems
  • IoT enabled UPS systems
  • Dynamic grid support technology

Key Players

  • Schneider Electric
  • Emerson Electric Co.
  • Toshiba Corporation
  • ABB Ltd
  • Eaton Corporation PLC
  • Mitsubishi Electric Corporation
  • Cyber Power Systems (USA), Inc.
  • Delta Electronics, Inc.
  • Legrand
  • Kehua Tech

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

  • Standby
  • Line Interactive
  • Online
  • Up to 50 kVA
  • Between 50 and 100 kVA
  • Above 100 kVA
End User
  • Data Centers
  • Telecom
  • Healthcare
  • Industrial
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Uninterrupted Power Supply Market Drivers and Opportunities

Focus on Energy Efficiency in Data Centers

Data centers account for a considerable amount of worldwide energy use, and this figure is only anticipated to rise as data demand rises. As per the 2023 AFL data, globally, data centers utilize ~3% of total energy output, with hyperscale data centers accounting for 20% of global data center electricity demand, which is expected to increase to 50% by 2020. Microsoft's 700,000-square-foot data center in Chicago, Illinois, is one of the world's largest, capable of consuming 198 MW of power. To attain net-zero emissions requirements, data centers must invest significantly in energy-saving techniques. Cooling is one of the most energy-intensive processes in data centers; thus, improving cooling systems can have a significant impact on energy efficiency. This would entail employing more effective cooling methods, such as liquid cooling, and implementing airflow-improvement measures. Furthermore, improving power management and employing more efficient power sources may help reduce power loss.

IoT-Enabled UPS Systems

IoT is revolutionizing UPS by enabling better monitoring and remote administration. IoT-enabled UPS systems have sensors that capture real-time data on battery status, load levels, temperature, and humidity. They submit this data to a cloud-based platform for complete analysis, which enables the necessary steps. This enables proactive monitoring and maintenance of UPS systems, resulting in early detection of possible issues and reduced downtime. For example, if a UPS system detects that the battery is getting low, it can instantly notify specific workers, allowing them to take action. Furthermore, IoT-enabled UPS systems can be remotely managed and controlled, offering greater flexibility and convenience. UPS systems can be easily monitored and managed using web-based and mobile applications. This allows for remote settings and configurations, such as modifying battery runtime, changing shutdown parameters, or running diagnostics. This is done without physical access to the UPS system, saving time and effort and allowing for more efficient control of several UPS systems in various locations, making it perfect for large-scale deployments.

Uninterrupted Power Supply Market Report Segmentation Analysis

Key segments that contributed to the derivation of the uninterrupted power supply market analysis are type, rating, and end user.

  • Based on type, the uninterrupted power supply market is divided into standby, line-interactive, and online. The line-interactive segment held the largest market share in 2023.
  • Based on rating, the market is bifurcated into up to 50 kVA, between 50 and 100 kVA, and above 100 kVA. The above 100 kVA segment held the largest market share in 2023.
  • By end user, the market is segmented into data centers, telecom, healthcare, industrial, and others. The data centers segment held the largest market share in 2023.

Uninterrupted Power Supply Market Share Analysis by Geography

The geographic scope of the uninterrupted power supply market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America held a significant market share in 2023. The North America uninterrupted power supply market is segmented into the US, Canada, and Mexico. North America is an industrially and economically advanced region. The region has established a significant number of data centers, which is expected to grow in the coming years. For instance, in 2023, Microsoft announced its plan to invest US$ 500 million in developing a hyperscale cloud computing and AI infrastructure in Quebec. The investment was made to fulfill the goal of strengthening the region's innovation economy, creating high-value jobs, and preparing the province for the future AI economy. In 2024, Amazon subsidiary AWS announced its plan to invest US$ 5 billion to establish multiple data centers in Mexico to cater to the growing demand for cloud computing services. According to Reuters, Ruben Mugartegui, the CEO of AWS Mexico, stated that the new data centers will be established in the Mexican state of Queretaro. Mugartegui also stated that the company has been working on the project for more than five years and intends to divide the investment over a period of 15 years. Also, the rise in investment in smart grids in the region contributes to the increased demand for uninterrupted power supply. In 2023, the Department of Energy announced US$ 3.5 billion in grants to increase wind and solar power capacity, fortify power lines against extreme weather, integrate batteries and electric vehicles, and develop microgrids to keep lights operational during power outages. The report highlighted 58 projects in 44 states in the US as eligible for federal financing. The investment amount will reach more than US$ 8 billion with funding from state and local governments, utilities, and industry partners. These government initiatives will drive the market growth in the region.

Uninterrupted Power Supply Market Report Scope

Report Attribute Details
Market size in 2023 US$ 10.82 Billion
Market Size by 2031 US$ 17.52 Billion
Global CAGR (2023 - 2031) 6.2%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Standby
  • Line Interactive
  • Online
By Rating
  • Up to 50 kVA
  • Between 50 and 100 kVA
  • Above 100 kVA
By End User
  • Data Centers
  • Telecom
  • Healthcare
  • Industrial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Schneider Electric
  • Emerson Electric Co.
  • Toshiba Corporation
  • ABB Ltd
  • Eaton Corporation PLC
  • Mitsubishi Electric Corporation
  • Cyber Power Systems (USA), Inc.
  • Delta Electronics, Inc.
  • Legrand
  • Kehua Tech
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Uninterrupted Power Supply Market News and Recent Developments

    The uninterrupted power supply market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the uninterrupted power supply market are listed below:

    • Schneider Electric introduced APC Smart-UPS Modular Ultra, the most sustainable uninterruptible power supply (UPS) of its kind. This UPS provides customers with more scalable power in the smallest footprint, freeing up space for critical IT or other equipment while maximizing uptime and lowering the total cost of ownership. (Source: Schneider Electric, Press Release, June 2024)
    • ABB added ZincFive as an approved supplier for its UPS systems, offering nickel-zinc as a battery option alongside lithium-ion and lead-acid. ZincFive's BC series of nickel-zinc battery cabinets can now be installed and supported as part of an ABB uninterruptible power supply system. (Source: ABB, Press Release, October 2023)

    Uninterrupted Power Supply Market Report Coverage and Deliverables

    The "Uninterrupted Power Supply Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

    • Uninterrupted power supply market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Uninterrupted power supply market trends, as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST and SWOT analysis
    • Uninterrupted power supply market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the uninterrupted power supply market
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Rating, End User, and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions

    What is the estimated market size for the Global uninterruptible power supply market in 2023?

    The Global uninterruptible power supply market was estimated to be US$ 10.82 billion in 2023 and is expected to grow at a CAGR of 6.2 % during the forecast period 2023 - 2030.

    What are the driving factors impacting the Global uninterruptible power supply market?

    Increase in Requirement for UPS in Smart buildings, focus in energy efficiency in data centers, and implementation of comprehensive cybersecurity policies globally are the major factors that propel the Global uninterruptible power supply market.

    What are the future trends of the Global uninterruptible power supply market?

    Smart UPS Systems is impacting the uninterruptible power supply market, which is anticipated to play a significant role in the Global uninterruptible power supply market in the coming years.

    What is the incremental growth of the Global uninterruptible power supply market during the forecast period?

    The incremental growth expected to be recorded for the Global uninterruptible power supply market during the forecast period is US$ 6703.28 million.

    What will be the market size of the Global uninterruptible power supply market by 2031?

    The Global uninterruptible power supply market is expected to reach US$ 17.53 billion by 2031.

    Which are the key players holding the major market share of the Global uninterruptible power supply market?

    The key players holding majority shares in the Global uninterruptible power supply market are Schneider Electric; Toshiba Corporation; ABB Ltd; Eaton Corporation PLC; and Cyber Power Systems (USA), Inc.

    The List of Companies - Uninterrupted Power Supply Market

    1. Schneider Electric SE
    2. ABB Ltd
    3. Toshiba Corp 
    4. Cyber Power Systems (USA) Inc
    5. Eaton Corp Plc
    6. Emerson Electric Co 
    7. Delta Electronics Inc 
    8. Legrand SA 
    9. Mitsubishi Electric Corp
    10. Kehua Data Co Ltd

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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