The uninterrupted power supply market size is estimated to grow from US$ 10.82 billion in 2022 to US$ 17.52 billion by 2030; it is projected to grow at a CAGR of 6.2% from 2022 to 2030. Several factors have helped the uninterrupted power supply market size to grow significantly over the forecasted period to reach a market size of US$ 17.52 billion by 2030.
Analyst Perspective:
The uninterrupted power supply market size has witnessed significant growth in recent years. Factors such as rapid digitization across industries have led to a growing dependence on digital infrastructure, including data centers, communication networks, and critical equipment. Moreover, increasing awareness of data protection is among the significant drivers for the uninterrupted power supply market growth and is expected to contribute to its expansion. In addition, increasing awareness of data protection is expected to bring new uninterrupted power supply market trends in the coming years.
Uninterrupted Power Supply Market Analysis:
Uninterruptible power supplies (UPS) are essential devices in the uninterrupted power supply market that provide backup power to protect equipment from damage in the event of a grid power failure. These UPS systems are widely used in various industries, including data servers, computer systems, industrial settings, and laboratories, where electrical loads may be sensitive to power loss or other power quality issues. By offering a nearly instantaneous power supply during outages, UPS systems ensure the continuity of operations and prevent data loss or component damage. The design and functionality of UPS systems can vary, affecting factors such as the duration of power supply, power quality improvement capabilities, and cost. Businesses must choose UPS systems that align with their specific needs and requirements.
In the healthcare sector, interruptions in power supply or poor-quality power can significantly impact the medical and laboratory equipment. Many health facilities in developing nations face challenges with unreliable or low-quality grid power, leading to frequent power loss or voltage fluctuations that can adversely affect equipment performance. This, in turn, results in downtime and impacts the quality and availability of critical healthcare services. To mitigate these risks, health facilities often rely on backup power systems to ensure uninterrupted power supply in the event of grid power failure.
Uninterruptible power supply (UPS) systems play a crucial role in the healthcare sector. They serve two primary purposes: providing rapid backup power in case of power loss and offering protection against power quality issues that could potentially damage equipment. The effectiveness of UPS systems in fulfilling these objectives varies depending on their design, features, and associated costs. Healthcare organizations need to carefully evaluate and select UPS systems that best meet their specific requirements and budget constraints.
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Uninterrupted Power Supply Market: Strategic Insights
Market Size Value in US$ 10.82 billion in 2022 Market Size Value by US$ 17.52 billion by 2030 Growth rate CAGR of 6.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Uninterrupted Power Supply Market: Strategic Insights
| Market Size Value in | US$ 10.82 billion in 2022 |
| Market Size Value by | US$ 17.52 billion by 2030 |
| Growth rate | CAGR of 6.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Driver:
Growing Trend of Internet of Things (IoT) and Cloud Computing to Drive Growth of Uninterrupted Power Supply Market
The growing trend of the Internet of Things (IoT) and cloud computing are significant drivers in the uninterrupted power supply market growth. Cloud computing technology plays a crucial role in the database industry, relying heavily on an uninterrupted power supply to offer ample power while also ensuring power backups for these systems in case of electricity downtime.
High-capacity uninterruptible power supply (UPS) solutions are essential for high-profile cloud network providers. Mitsubishi Electric UPS, a key firm operating in the uninterrupted power supply market offers reliable and efficient backup power systems and batteries that cater to the most demanding requirements. By utilizing these UPS solutions, businesses can avoid the negative impacts of downtime, mitigate implementation delays, and reduce wasted power consumption. Mitsubishi Electric's UPS solutions provide the necessary support to ensure uninterrupted operations and maintain optimal performance for cloud network providers.
Maintaining uninterrupted uptime is also crucial for the provision of IT services in data centers. Whether it is a cloud or colocation data center, the swift implementation of highly reliable and cost-effective IT infrastructure, including mission-critical power systems, is essential as space inventories are leased. By ensuring the fulfillment of uptime service level agreements, the ability to offer competitive pricing for services, and the allocation of more floor space for revenue generation, data centers can effectively meet the demands of their clients and optimize their operations. Thus, such applications in the cloud computing industry are anticipated to propel the uninterrupted power supply market growth during the forecast period.
Segmentation and Scope:
The "global uninterrupted power supply market" is segmented based on type, rating, end user, and geography. Based on the type, the market is segmented into standby, online, and line interactive. The market is segmented into up to 50 kVA, between 50 to 100 kVA, and above 100 kVA based on the rating. By end user, the market is segmented into data centers, telecom, healthcare, industrial, and others. Based on geography, the is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
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Segmental Analysis:
Based on end user, the uninterrupted power supply market analysis is segmented into data centers, telecom, healthcare, industrial, and others. The data center segment dominated the uninterrupted power supply market share in 2022. UPS systems protect these devices from power disruptions, such as blackouts, brownouts, voltage spikes, and sags. By providing a stable and clean power supply, UPS systems prevent equipment damage, data corruption, and system failures. Reliable and resilient backup power is essential for the smooth operation of data centers, even in challenging conditions. A UPS system for data centers is a highly effective solution for providing secure backup power. It can be implemented as a static, battery-based system that stores electrical energy or as a dynamic flywheel system that utilizes rotary masses to store kinetic energy.
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Regional Analysis:
The North America uninterrupted power supply market forecast includes country such as US, Canada, and Mexico. The US dominated the North America uninterrupted power supply market share in 2022 owing to various reasons. Firstly, due to the well-established manufacturing facilities of Honey Corporation, Eaton Corporation PLC, Riello UPS, and other renowned companies. North America's industrial and IT sectors, particularly in the US, drive the demand for uninterrupted power supply. These industries rely extensively on the uninterrupted power supply for the smooth operation of heavy equipment and appliances during a power outage. Additionally, initiatives taken by the key uninterrupted power supply market players operating in the region, such as Eaton Corporation, have also contributed to the growth of the region's uninterrupted power supply market share.
For instance, in February 2023, Eaton Corporation PLC, a key player in the uninterrupted power supply market unveiled its most recent advancement in industrial backup power with the introduction of its DIN rail industrial uninterruptible power supply (UPS) in North America. This cutting-edge UPS is designed to endure the rigorous physical conditions and extreme temperatures found in challenging environments. It also provides dependable battery backup for Internet of Things (IoT) devices in factories, warehouses, edge locations, and other industrial facilities. Thus, such initiatives are anticipated to propel the uninterrupted power supply market growth.
Key Player Analysis:
Schneider Electric, ABB Ltd, Toshiba Corporation, Cyber Power Systems (USA), Eaton Corporation PLC., Emerson Electric, Delta Electronics, Legrand, Mitsubishi Electric Corporation, and AIQ Synertial Ltd. are among the vital players profiled in the uninterrupted power supply market report. The uninterrupted power supply market report emphasizes the key factors driving the market and prominent players' developments.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by uninterrupted power supply market players. A few recent key uninterrupted power supply market developments are listed below:
- In February 2023, Eaton Corporation PLC unveiled its most recent advancement in industrial backup power with the introduction of its DIN rail industrial uninterruptible power supply (UPS) in North America. This cutting-edge UPS is designed to endure the rigorous physical conditions and extreme temperatures found in challenging environments. It also provides dependable battery backup for Internet of Things (IoT) devices in factories, warehouses, edge locations, and other industrial facilities.
- In January 2022, Eaton Corporation PLC introduced the 5PX G2, a connected uninterruptible power supply (UPS) specifically designed for edge locations. This advanced UPS is available in power ratings ranging from 1 to 3 kVA and can be utilized in either rackmount or tower configurations, providing versatility for various business needs. Additionally, the 5PX G2 is equipped to support up to four external battery modules, ensuring ample backup power for critical operations.
- In September 2021, Mitsubishi Electric, a renowned industry leader in high-efficiency, reliable, economically viable, and eco-sustainable IT cooling solutions, unveiled its latest venture targeting the mission-critical market in North America. Introducing CritiCool™, a cutting-edge line of cooling products, now available through Mitsubishi Electric Power Products, Inc. (MEPPI)'s Uninterruptible Power Supplies (UPS) Division, headquartered in Warrendale, PA. Coinciding with this exciting announcement, MEPPI is proud to launch the inaugural product from the CritiCool™ line, the DX-P Single Package Vertical Cooling System.
- In January 2020, Mitsubishi Electric, a prominent industry leader in the design, manufacturing, and servicing of dependable and environmentally friendly uninterruptible power supplies (UPS), introduced the 9900D—a new line of UPS products specifically engineered to meet the rigorous demands of cloud and colocation data centers in today's digital landscape. The 9900D stands out as the most compact modular, scalable static UPS solution capable of delivering the highest power densities. By incorporating intelligent bypass modules, the 9900D combines 400kVA power modules with exceptional efficiency. Additionally, the bypass modules are available in a range of sizes, including 1200kVA, 1600kVA, and 2000kVA, allowing for flexible scalability with up to five power modules. This adaptable design enables data centers to effortlessly augment capacity over time, facilitating hyper-scale expansion that is both swift and cost-effective.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Rating, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies - Uninterrupted Power Supply Market
- Schneider Electric
- ABB Ltd
- Toshiba Corporation
- Cyber Power Systems (USA)
- Eaton Corporation PLC.
- Emerson Electric
- Delta Electronics
- Legrand
- Mitsubishi Electric Corporation
- AIQ Synertial Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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