UPS Market was valued at USD 8,574 Million in 2019, and it is projected to grow at a CAGR of 7.1% and will reach USD 14,842 Million in 2027.

Introduction of UPS Market Report

An uninterruptible power supply or uninterruptible power source (UPS) refers to an electrical device that provides immediate power supply in case of emergency to a connected load when the input power source or mains power fails. The UPS contains batteries, flywheels, or super capacitors, which are used to store energy. UPS on-battery run time is relatively shorter but enough to start a standby power source or safely shut down the connected devices. UPS is generally used to protect hardware such as computers, data centers, telecommunication devices, or other electrical devices, which can cause severe loss.

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The major factors that responsible for the growth of the global UPS market are the increasing use of industrial UPS as an emergency system in various industries such as oil & gas, the rising frequency of power fluctuations, and the expanding number of data centers and cloud storage utilization. The growing rate of voltage fluctuation and the increasing number of data centers across the globe will further contribute to the growth of the global UPS market. Voltage fluctuations cause severe threats in numerous sectors such as hospitals & factories. Due to the increasing cases of losses caused by regular fluctuations, there is an emerging demand for UPS systems as they provide reliable power backup to the device and performs effectively. The continuous technological advancement, growing adoption of lithium-ion batteries for the UPS system, and increasing integration of power sources are some other factors that are further energizing the demand of the market over the coming years. On the other hand, the high maintenance and installation cost are the significant factors that will hamper the growth of the market.

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Based on the type, the market is segmented into offline UPS, online UPS, and line Interactive UPS. The offline UPS segment is expected to grow at a faster CAGR in the market during the forecast period. The offline UPS is designed for consumer electronics, basic computers, POS systems, security systems, and other basic electronic devices. The increasing application of offline UPS is the key factor that is driving the growth of the segment during the forecast period. On the other hand, the online UPS segment is anticipated to dominate the market during the forecast period as it provides reliable and consistent power irrespective of the condition of incoming power as the batteries are always connected to the inverter.

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Based on the region, the Asia-pacific region is expected to grow at a higher CAGR in the global UPS market during the forecast period. The strong demand from numerous sectors such as IT, banking, financial services and insurance (BFSI), government, manufacturing, telecom, and energy sectors is directly driving the market growth in this region.

Various notable players in the UPS market include Schneider Electric SE, Eaton Corporation Plc., Emerson Electric Company, Legrand, Vertiv Co., ABB Ltd., Luminous Power Technologies, Mitsubishi Electric Corporation, Su-Kam Power Systems Ltd., Microtek International Private Ltd, and Hitachi Hi-Rel Power Electronics Pvt. Ltd., among others.

Key Developments:

• • In Mar 2019, Eaton Corporation launched three new products Eaton DX-RT 06-10 kW, Eaton 9E-IN 1/2/3 kVA, and Eaton 9E-IN 06-10 kW UPS system. These products are designed to provide protection to critical applications in healthcare, IT and SME sectors and provide the customers and end-users with an energy-efficient, highly reliable and compact power solution.

The Global UPS market has been segmented based on the type, power rating, and region. Based on the type, the market is categorized into Online UPS, Offline UPS, and Line Interactive UPS. Based on the power rating, the market is segmented into less than 5KVA, 5.1KVA-50KVA, 50.1KVA-200KVA, Above 200.1kVA.

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Key questions answered in this research report:

• • At what pace is the global UPS market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the global UPS market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global UPS market?
  • What are the various types of the global UPS market, and how are they poised to grow?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Power Rating, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Schneider Electric SE, Eaton Corporation Plc., Emerson Electric Company, Legrand, Vertiv Co., ABB Ltd., Luminous Power Technologies, Mitsubishi Electric Corporation, Su-Kam Power Systems Ltd., Microtek International Private Ltd, Hitachi Hi-Rel Power Electronics Pvt. Ltd. among others
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global UPS Market by Type              

• • Online UPS
  • Offline UPS
  • Line Interactive UPS

Global UPS Market by Power Rating              

• • Less than 5KVA
  • 1KVA-50KVA
  • 1KVA-200KVA
  • Above 200KVA

Global UPS Market by Region

• • North America UPS Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Power Rating
    • US Market All-Up
    • Canada Market All-Up
  • Europe UPS Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Power Rating
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific UPS Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Power Rating
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW UPS Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Power Rating
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the UPS (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Schneider Electric SE
  • Eaton Corporation Plc
  • Emerson Electric Company
  • Legrand
  • Vertiv Co.
  • ABB Ltd.
  • Luminous Power Technologies
  • Mitsubishi Electric Corporation
  • Su-Kam Power Systems Ltd.
  • Microtek International Private Ltd.
  • Hitachi Hi-Rel Power Electronics Pvt. Ltd.