About Residential UPS
Residential UPS is an electrical device that offers immediate power backup during a power failure or power outage. It offers power to contradict the power interruptions associated with the main energy such as sags and surges and to filter out undesirable interruptions such as harmonics and electronic interference. There are various types of residential UPS including less than 5 kVA, 5.1-20 kVA, and more than 20 KVA. Rising demand to protect digitally dependent world will help to boost global residential UPS market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Residential UPS market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton (Ireland), Emerson Electric (United States), Schneider Electric (United States), Toshiba (Japan), GE (United States), HBL Power (India), Mitsubishi Electric (Japan), Riello (Italy), Siemens (Germany) and Socomec (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Swelect Energy Systems (India) and TDK (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Residential UPS market by Type (Less than 5 kVA, 5.1-20 kVA and More than 20 KVA), Application (DC Power Supply and AC Power Supply) and Region.
On the basis of geography, the market of Residential UPS has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Residential UPS market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand to Protect Digitally Dependent World and High demand Due to it Prevent Significant Loss of Data
Market Growth Drivers:
High Demand in Residential Sector Due to Various Properties Including Noise Reduction and Increasing Frequency of Power Fluctuations
Restraints:
Availability of Counterfeit Products and High Installation and Maintenance Cost of UPS
Opportunities:
Technological Advancements in Residential UPS
Market Leaders and their expansionary development strategies
On 31st January 2019, Power management company Eaton has acquired an 82.275 percent controlling interest in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S., a leading manufacturer of switchgear based in Ankara, Turkey, with a primary focus on medium voltage solutions for industrial and utility customers. The deal is established for 214 million dollars on a cash and debt-free basis.
In February 2022, Best Power Equipments ) Pvt Ltd (BPE) has laucnhed to its wide product range a 5kW Lithium UPS with high-speed charge, for both home and office use. The 5kw lithium UPS can also be powered by 3 pc in parallel for 3 in 3 out configuration, capable of running 3-phase load motors as well. With its complete LCD display, this product will be disrupting the power supply sector to a great scale.
Key Target Audience
Residential UPS Manufactures, Residential Ups Suppliers and Distributors, Industry Associations, Government and Private Research Institutes, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.