Uninterruptible Power Supply (UPS) Market to Reach Valuation of USD 15.1 Billion by 2030 – Rising Disposable Income and the Need for a Reliable Power Sources Drives the Market

In terms of revenue, the Global Uninterruptible Power Supply (UPS) Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 4.6% from 2023 to 2030.

Industries and organizations relying heavily on consistent electricity face significant consequences from power disruptions and unreliable supply. Increasing electricity demand, rising disposable income, and the need for a reliable power source are expected to support the market. Developing nations need help maintaining high-quality power, posing a challenge for the government. For instance, Invest India predicts that by 2026-2027, the installed capacity for power generation will reach approximately 620 GW, with renewable energy making up 44% of that capacity and coal contributing 38%. The market will gain from India's efforts to diversify its power resources and guarantee a regular supply of electricity with the aid of increasing its potential to produce renewable strength.

Furthermore, the fourth industrial revolution has brought about significant advancements. Manufacturing facilities were absolutely transformed by means of incorporating revolutionary improvements like artificial intelligence (AI), system learning, analytics, IoT, and cloud computing. These operations are critical, and many businesses employ systems to stabilize power and increase production speed during outages, ensuring data security and preventing disruptions in the production line. As a result, the market is expected to grow in the projected period based on these factors. 

Key Highlights from the Report

• Based on Capacity, the above 100 kVA segment dominates the Uninterruptible Power Supply (UPS) market owing to the increasing demand for reliable & continuous power supply and the expanding data center industry.
• Based on Type, the Standby System segment accounted for the substantial growth of the market in 2022 owing to its reliability & efficiency and ease of installation and maintenance.
• Based on the Application, the Industrial segment expressed the enormous growth of the market in 2022 owing to the growing awareness of the cost of power outages and increased adoption of automation & digitalization.
• Based on region, Asia Pacific holds the significant market share within the Uninterruptible Power Supply (UPS) market in 2022 owing to the frequent blackouts and unpredictable power supplies in the expanding areas. 

Market Dynamics

The standby system is becoming more popular than other systems due to the increasing demand for consumer electronics worldwide. This is because the standby system is the maximum price-effective choice for gadgets with low energy intake, making it the preferred desire for consumer electronics. The COVID-19 pandemic has also led to an increase in demand for desktop computers as people are now working from home. According to the IDC, the worldwide shipment of computers inside the fourth quarter of 2022 turned into 17.98 million units, compared to 23.37 million gadgets inside the preceding yr. Although desktop personal computers have faced challenges from mobile devices, such as laptops, the demand for desktops is expected to increase as more professional’s work from home.

Furthermore, there is predicted to be an growth inside the demand for gaming consoles, which became aided by way of the covid19 pandemic due to a surge in call for home entertainment. A standby is essential for gaming consoles, especially in areas with poor power quality, as it helps protect the system from damage caused by unsafe levels of electricity. In conclusion, the demand for standby systems is mainly driven by the consumer electronics industry, as they provide the most affordable power backup and device protection. This growth is propelled by the rising demand for desktop PCs and gaming consoles.

Asia Pacific led the market in 2022. In countries like Malaysia, Cambodia, the Philippines, and others, there is a advancement taking place with frequent blackouts and unstable power supply. The booming industrial and manufacturing, telecom, commercial, and residential sectors are the primary users of systems in this region. In addition, the manufacturing sector is a major contributor to the economies development available at various locations of China. Furthermore, implementing automation in the manufacturing sector, which involves computer-based control systems, Programmable Logic Control (PLC) units, and process control applications, has created a need for systems in industrial facilities. 

The Global Uninterruptible Power Supply (UPS) Market is Segmented as follows

• Capacity
  • Less than 10 kVA
  • 10-100 kVA
  • Above 100 kVA
• Type
  • Standby UPS System
  • Online UPS System
  • Line-interactive UPS System
• Application
  • Data Centers
  • Telecommunications
  • Healthcare (Hospitals & Clinics etc.)
  • Industrial
  • Other Applications
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Uninterruptible Power Supply (UPS) Market is

Riello Elettronica SPA (Italy), EATON Corporation PLC (Ireland), Emerson Electric Co. (U.S.), Delta Electronics Inc. (Taiwan), ABB Ltd. (Switzerland), Schneider Electric SE (France), Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan), General Electric Company (U.S.), Cyber Power Systems Inc. (Taiwan), Aspex Inc. (U.S.) 

The Global Uninterruptible Power Supply (UPS) Market Scope can be Tabulated as below