What is Uninterrupted Power Supply (UPS) Market?
The uninterruptible power supply is defined as the electronic device which is mainly used for providing the power back up to the numerous electronic devices. It is also used as appliances in case of any power failure problem. Numerous technological advancement of Uninterruptible power supply system and the availability of data center rack solutions are some of the major factors which affect the growth of the market in the future.
The market study is being classified by Type (Off-Line/Standby, Line-Interactive and Online/Double-Conversion), by Application (Telecommunication, Data Center, Medical, Industrial, Marine and Others) and major geographies with country level break-up.
Schneider Electric SE (France), Eaton Corporation Inc. (Ireland), Emerson Electric Co. (United States), S&C Electric Company (United States), ABB (Switzerland), Socomec Group S.A. (France), Toshiba Corporation (Japan), AEG Power Solutions B.V. (Netherlands), Xiamen Kehua Hengsheng Co. Ltd. (China), Guangdong Prostar New Energy Technology Co. Ltd. (China) and Shenzhen KSTAR New Energy Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Delta Electronics Inc. (China), Cyber Power Systems Inc. (China), Guangdong Zhicheng Champion Group Co. Ltd. (China), JONCHAN Electrical Science & Technology Co. ltd (China), Shenzhen SORO Electronics Co. Ltd (China), Zhejiang Sanke Electric Co. Ltd. (China) and HongBao Electric Co. Ltd. (China).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global uninterruptible power supply market can witness an upsurge in the forecast period Research Analyst at AMA predicts that Chinese Players will contribute to the maximum growth of Global Uninterrupted Power Supply (UPS) market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Uninterrupted Power Supply (UPS) market by Type, Application and Region.
On the basis of geography, the market of Uninterrupted Power Supply (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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Urbanization and Growth in the IT Industry across the World
- Benefits Associated With the Usage of UPS Such as Damage Limitation to the Various Electrical Components & Appliances
Market Trend
- Rising Adoption of UPS Systems which is an Important Power-Back up Device
Restraints
- Issue related to Higher Initial Investment Costs of Uninterruptible Power Supply
- The major concern of frequent Replacement of Batteries Problems in UPS system
Opportunities
- Rising Demand from New Markets in Tier II & III cities across the world
- Modernization of Aging Data Centers and Rising Demand from Emerging Market such as China and India
Challenges
- The problem regarding the Increased Risk of Single Point of Failure
In April 2019, the Fuji Electric Corp (United States) Company has launched 7400WX-T3U system, which is a high-capacity uninterruptible power supply system. Hence, this launched would help in the expansion of the product portfolio of the company. and In August 2016, the Schneider Electric SE (France) company has announced the launch of the uninterruptible power supply unit capable of handling harsh environments. Hence, this launch will affect the growth of the market in the future.
Key Target Audience
IT Infrastructure Equipment Providers, Component Providers, System Integrators, Support Service Providers, Consulting Service Providers, Cloud Service Providers, Data Center Vendors, Colocation Providers and Government and Standardization Bodies