Industry Background:
Backup Power UPS (Uninterruptible Power Supply) is an electrical equipment which is used to provide power source to the connected loads in case of failure of main power. Devices such as batteries, flywheels and capacitors are used store the power in UPS system. Backup power UPS systems are deployed in various applications such as data centers, telecommunications, hospitals, BFSI, and others. Recently, there has been rapid rise in power critical applications as process automation looms large across industries. This in turn has proved to be major factor propelling the growth of backup power UPS. Further, emerging nations are witnessing considerable growth in infrastructural developments, which is expected to provide huge opportunity for backup power UPS manufacturers.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | Eaton (Ireland), Emerson (United States), Schneider-Electric (France), Panasonic (Japan), General Electric (United States), ABB (Switzerland), HUAWEI (China), AEG Power Solutions BV (Netherlands), Toshiba (Japan), S&C (United States) and Delta Greentech (United States) |
According to AMA, the market for Backup Power UPS is expected to register a CAGR of 7.6% during the forecast period to 2028. This growth is primarily driven by Growing Need for Consistence Power Supply in Industry Amid Process Automation and Increasing Availability of Data Centers.
Globally, a noticeable market trend is evident Rising Development of Solar UPS System
The Electric Utilities sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Eaton (Ireland), Emerson (United States), Schneider-Electric (France), Panasonic (Japan), General Electric (United States), ABB (Switzerland), HUAWEI (China), AEG Power Solutions BV (Netherlands), Toshiba (Japan), S&C (United States) and Delta Greentech (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The backup power UPS market is a rapidly growing industry, with a range of players offering solutions for various industries. As the demand for reliable backup power solutions continues to grow, we can expect to see further innovation and competition in the UPS market. These companies offer a range of UPS solutions for various industries, with a focus on reliability, efficiency, and flexibility. The market is a rapidly growing industry that is expected to witness significant growth in the coming years.
Key Developments in the Market:
In March 2021, Eaton acquired Tripp Lite, a leading provider of power quality equipment and connectivity solutions. With this acquisition, Eaton aims to expand its power quality business in the Americas. This acquisition enabled the company to offer a broader range of power management solutions to its customers.
Recently, in April 2019, power management company Eaton introduced new generation of Eaton 93E UPS. The new product is expected to offer improved efficiency and compact footprint at small and medium sized data centers at reasonably lower cost of ownership.
Influencing Trend:
Rising Development of Solar UPS System, Growing Use of UPS System in Residential Applications and Emergence of the Insulated Gate Bipolar Transistor (IGBT) Resulting in Improved UPS Efficiency
Market Growth Drivers:
Growing Need for Consistence Power Supply in Industry Amid Process Automation and Increasing Availability of Data Centers
Challenges:
Growing Prevalence of Power Shortage and Complexity Involved in Maintenance And Servicing of UPS System
Restraints:
Capital Intensive Nature of Backup Power UPS Systems and Inability to Run Heavy Appliances with Minimum Number of Batteries
Opportunities:
Increasing Infrastructural Developments in Emerging Countries Resulting in Rise in Power Demand and Development of Low Cost and Technically Advanced UPS System
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Backup Power UPS Market
- Analysis about New Entrants in Backup Power UPS Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Backup Power UPS Study Sheds Light on
The Backup Power UPS Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Backup Power UPS industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Backup Power UPS industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.