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Uninterruptible Power Supply (UPS) Systems - Global Market Trajectory & Analytics

  • ID: 347943
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • CyberPower Systems, Inc.
  • East Group Co. Ltd.
  • Emerson Electric Co.
  • Legrand
  • RPS Spa
  • MORE
Amid the COVID-19 Crisis, the Global UPS Market to Reach a Revised US$14.7 Billion by 2027

The global UPS market is projected to reach US$14.7 billion by the year 2027, trailing a CAGR of 5.0% over the analysis period2020 to 2027. Challenges posed the pandemic are numerous. Energy demand is staging a sharp decline as lockdowns trigger closure of businesses and industries. Dramatic reductions in services industry have aggravated the decline in electricity consumption. The gains in residential energy consumption as a result of shelter-in-place orders and work from home have only partially offset the loss in energy consumption. With most industrial plants and businesses shut, energy related investments are plummeting. Even as businesses gradually reopen, the economic and business losses suffered will impact budgets for energy storage and energy efficiency. The only bright spot that offers partial relief is the massive shift to home based study and work which is pushing up demand for UPS systems for residential use.

In the post COVID-19 period, growth will continue to be led by the importance of backup power in the electronic and cloud era. With the frequency and severity of power outages growing at an alarming rate the world over due to aging energy infrastructure and electricity networks, there is strong need for uninterrupted and reliable power supply for flawless functioning of modern digital equipment omnipresent in virtually every industry including residential/consumer, enterprise IT, industrial, commercial, telecom and datacenter environments. Few of the noteworthy trends that will fuel growth in the market during this period include development of smaller lighter and more powerful UPS systems; rise of cloud computing technology, increased 24/7 reliance on cloud services for business continuity and the ensuing importance of UPS systems; rising prominence of transformer-based UPS systems in non-IT applications; and growing commercial value of modular UPS systems in complex IT environments such as typically found in government, corporate, education and healthcare sectors. Continuous technology developments focused on adaptability, availability, manageability, serviceability and safety will continue to remain the prevailing theme for long-term success in the market. Growing pressure among datacenter operators to improve energy efficiency, evolve into ecologically responsible businesses and ensure compliance with energy conservation regulations will drive the popularity of eco-friendly UPS systems featuring performance characteristics such as reduced heat loss; right-sized capacity design with lower power and cooling requirement; and smart features that automatically turns off idle peripherals to save energy. China and Rest of Asia-Pacific will represent the fastest growing market by 2027 led by expanding industrial, business and commercial sectors, large-installed base of digital equipment, adoption of automation and smart factory technologies in the manufacturing sector, exploding SaaS market, rise in the number of networked homes as a result of the growing digital affluence of the expanding base of middle class population, and proliferation of IoT devices in virtually every industry.

Select Competitors (Total 164 Featured):
  • ABB Ltd.
  • CyberPower Systems, Inc.
  • Delta Electronics, Inc.
  • East Group Co., Ltd.
  • Eaton Corporation Plc
  • Emerson Electric Co.
  • Fuji Electric Co., Ltd.
  • Guangdong Prostar New Energy Technology Co. Ltd
  • Huawei Technologies Co. Ltd.
  • Legrand
  • Numeric Power Systems Ltd.
  • Luminous Power Technologies Ltd
  • Microtek International Private Ltd
  • Piller Group GmbH
  • RPS Spa
  • Schneider Electric
  • APC
  • Shenzhen KSTAR Science and Technology Co., Ltd.
  • Shenzhen SORO Electronics Co., Ltd
  • Socomec Group
  • The Mitsubishi Electric Group
  • Toshiba International Corporation
  • Tripp Lite
  • Vertiv Group Corp
  • Xiamen Kehua Hengsheng Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • CyberPower Systems, Inc.
  • East Group Co. Ltd.
  • Emerson Electric Co.
  • Legrand
  • RPS Spa
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Exhibit 1: A World in the Midst of a Pandemic Throws Energy Demand into Crisis & Leaves Energy Investments in Shambles: Percentage Share of Energy Use Impacted by Lockdowns
  • Increasing Reliance on Home-based Study and Work Translates into Gains for UPS Systems
  • Uninterruptible Power Supply (UPS) Systems: A Prelude
  • Increasing Number of Weather-related Power Outages Drive Demand
  • Exhibit 2: Average Number of Power Outages in Firms Per Month, Worldwide by Region: 2019
  • Exhibit 3: Cost of Load Failures Due to Power Disruptions/Outages in US$ Per Hour by Select Commercial Activity
  • Exhibit 4: Value Lost Due to Electrical Outages as a Percentage (%) of Sales of Affected Firms
  • Types of UPS Systems
  • Characteristics of Different UPS Systems
  • Application and Benefits of Different UPS Systems
  • Outlook
  • Positive Prognosis across UPS Systems Ranges
  • Select Applications of UPS System by Power Rating: A Snapshot
  • Less than 5.0 kVA UPS: The Largest Revenue Contributor
  • Issues & Challenges
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • AI, New Battery Chemistry and Modularity at the Forefront of Technological Innovations
  • Smart UPS Remains Imperative for Efficient Building Management Systems
  • Transformer-based UPS Expands Addressable Market
  • Transformerless UPS Ideal for Compact System Requirements
  • Online UPS Finds Increased Acceptance in Mid-Sized Applications
  • Offline UPS: A Standard for PCs & PC Peripherals
  • Demand for Modular UPS Systems on Rise
  • Modular UPS vs. Conventional UPS: A Comparative Analysis
  • Growth in 3 Phase UPS Market Being Steered by Modular Systems
  • Compact UPS Systems Gain Popularity
  • UPS Systems Integrated with Advanced Features Proliferate the Market
  • A Bag of Functional Enhancements
  • Battery Management Gains Precedence
  • IGBT Technology Makes Steady Progress
  • Green UPS: The New Emerging Concept
  • IT Sector’s Move towards Virtualization Creates High-Growth Opportunities
  • UPS Systems Become Vital for Modern Data Centers
  • UPS Requirement in Data Center Landscape: A Snapshot
  • Exhibit 5: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
  • UPS Emerge as Critical Tool to Prevent Data Center Downtime for Ensuring Business Continuity amidst Changing Landscape
  • Smart UPS Systems Built on Li-Ion Batteries Present Exciting Opportunities for Data Centers to Leverage Stored, Unused Energy
  • Edge Computing Gains Traction Creating Growth Opportunities for UPS System Suppliers
  • Multimode UPS Systems Gain Precedence in Data Center Landscape
  • The Proliferating Concept of SOHO Augurs Well for Market
  • UPS Holds Pivotal Role in Enterprise IT
  • Industrial Entities Rely on UPS for Protection from Power Supply Disturbances
  • UPS Systems Play a Critical Role in Healthcare Facilities
  • Hospitals Leverage UPS for Uninterrupted Power Supply
  • Diagnostics: Another Prominent End-Use in Healthcare Sector
  • UPS Complements Renewable Energy Supplies
  • Exhibit 6: Global Solar Power Market: Solar PV Capacity (in GW) for the Years 2017, 2019, 2021 and 2023
  • Complex Electronics in Modern Homes Instigate New Demand
  • Smart Homes Drive Demand for UPS
  • Exhibit 7: Number of Smart Homes Worldwide (In Million) for 2017, 2019, 2021, 2023 and 2025
  • Exhibit 8: Global Smart Home Device Shipments by Category (Million Units): 2019 & 2024
  • Carrier-Grade UPS for Telecom Equipment
  • UPS Market to Benefit from Thriving Sales of Electronic Security Systems
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Power Outages Necessitate UPS Systems
  • Uninterrupted Power Needs Enhance Importance of UPS Systems for Industries
  • As Healthcare Industry Struggles with COVID-19 Pandemic, the Need for Uninterrupted Power Remains an Vital Requirement
  • CANADA
  • Market Overview
  • JAPAN
  • CHINA
  • Market Overview
  • Leading UPS System Vendors
  • Exhibit 9: Market share of Leading Players in the Chinese UPS Systems Market: 2020E
  • Exhibit 10: Market Share of Leading Players in the Chinese Modular UPS Systems Market: 2020E
  • Market Analytics
  • EUROPE
  • Market Overview
  • Modular UPS Systems to Drive Market Growth
  • UPS Services Market: Poised for Growth
  • Exhibit 11: European UPS Systems Service Market by Service Type (2020E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • Leading Players
  • Market Analytics
  • AUSTRALIA
  • INDIA
  • Market Overview
  • Competition
  • Exhibit 12: Market Share of Leading Players in the Indian UPS Systems Market: 2019
  • Market Analytics
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • Taiwan
  • Market Analytics
  • LATIN AMERICA
  • Growing Need for High-quality Power to Fuel UPS Demand
  • Growing Need for High-quality Power to Fuel UPS Demand
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 164
Note: Product cover images may vary from those shown
  • ABB Ltd.
  • CyberPower Systems, Inc.
  • Delta Electronics, Inc.
  • East Group Co. Ltd.
  • Eaton Corporation Plc
  • Emerson Electric Co.
  • Fuji Electric Co. Ltd.
  • Guangdong Prostar New Energy Technology Co. Ltd
  • Huawei Technologies Co. Ltd.
  • Legrand
  • Numeric Power Systems Ltd.
  • Luminous Power Technologies Ltd
  • Microtek International Private Ltd
  • Piller Group GmbH
  • RPS Spa
  • Schneider Electric
  • APC
  • Shenzhen KSTAR Science and Technology Co. Ltd.
  • Shenzhen SORO Electronics Co. Ltd
  • Socomec Group
  • The Mitsubishi Electric Group
  • Toshiba International Corporation
  • Tripp Lite
  • Vertiv Group Corp
  • Xiamen Kehua Hengsheng Co. Ltd.
Note: Product cover images may vary from those shown
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