Uninterruptible Power Supply (UPS) Market | Industry Size, Opportunities, Prominent Players Analysis

02 March 2019

The global uninterruptible power supply market is anticipated to exhibit strong growth in the years to come. Implementation of cloud computing services and growing need for continuous power supply to facilitate operations efficiently in several verticals, such as banks, financial institutions, and businesses, can drive the market.

Increasing acceptance of cloud servers that pack more power into a small space, is one of the key factors driving the market. In addition, rising use of digital devices and expanding base of connected customers are responsible for generating massive amount of data. Thus, need for effective storage, and efficient and uninterrupted power supply is high among organizations. Organizations are extensively adopting UPS systems to prevent information loss caused due to blackout and avoid malfunction of IT equipment. Shutdown that continues for even a quarter of a second may keep IT equipment unavailable for nearly few minutes to several hours, thereby causing sizable damage to the organization.

Growing adoption of modular UPS systems in data center is a key driving factor in the market. These systems are effective and economical than centralized UPS system. Moreover, installation of modular system involves less installation and maintenance cost than large systems.

Development of green UPS system is expected to create growth opportunities for the market. Green UPS system offers low total cost of ownership (TCO). It is environmentally friendly as it does not release harmful chemicals into the environment, abiding by the guidelines provided by restriction of hazardous substances (RoHS) directive. Power equipment plays a significant role in the power consumption of data centers. Heat generation is minimized in the green systems, which is beneficial for datacenter settings. Reduction in the power supply of UPS equipment may lead to lower electricity cost. The green system comprises advanced bypass circuit design that reduces energy cost than traditional devices. Additionally, growing need to reduce carbon footprints is expected to boost the demand for green systems in the years to come.

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North America is one of the major contributors and is likely to witness significant growth in the years to come. This could be attributed to growing demand from several end users, such as healthcare, insurance, and financial services. Rise in the volume of digital content has increased the demand for UPS systems in Europe. Countries, such as Germany, France, and U.K., are the major contributors to regional market growth.

Asia Pacific is anticipated to exhibit momentous growth in the coming years. Increasing number of collaborative data centers in emerging nations, such as India and China, is projected to boost regional growth in the years to come. Concerns regarding blackout in under-developed and developing countries, such as India and China, are likely to fuel the demand for effective systems that can provide continuous power supply.

Some of the prominent companies operating in the uninterruptible power supply market are Siemens, Mitsubishi Electric, Schneider Electric SA., Toshiba, and Eaton Corp.

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