Selbyville, Delaware, United States, November 5 2020 (Wiredrelease) Global Market Insights, Inc –:The global UPS market is anticipated to witness considerable growth patterns over the coming years due to the increasing demand for power back-up from the commercial, industrial, and residential sectors. There is a substantial upsurge in the data center UPS solutions demand in recent years. This growth is attributed to the growing incidences of power outage across data centers that are further increasing the overall capital expenditure of, companies thereby driving the UPS demand.
Citing an instance, in August 2019, the Nissan datacenter, located in Denver, witnessed a power outage that severely affected the company’s online services for production systems and dealers across North America. Such incidents lead to companies incurring heavy losses, if there are no preventive measures in place. This subsequently forces the industry operators to adopt effective power backup systems in order to avoid data center downtime.
An increase in product demand from new, and upcoming businesses across a plethora of Tier II as well as Tier III cities throughout the world, when coupled with availability of innovative solar-power based UPS systems, as well as critical need for the systems from numerous industries is projected to drive the overall UPS market share over the forecast timeframe.
Based on these trends, Global Market Insights Inc., estimates that the global UPS market is likely to exceed a valuation of $14 billion by the end of 2026.
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The online UPS component segment would foresee significant growth since it protects the equipment against spikes, power surges, dips, as well as failures inside data center. Online UPS provides an electrical firewall between the network equipment and the main power using its double conversion design.
These systems are also observing increasing deployment as they can control the output frequency and voltage irrespective of the input frequency and voltage, thus maintaining the productivity of the system. These beneficial features of the systems have resulted in its rising adoption across healthcare, telecom, as well as data center operators to ensure that the equipment is well protected.
With respect to the application segment, the healthcare applications are observing a rising demand for UPS systems, particularly due to the elevated demand for running medical equipment uninterrupted and continuously. The UPS systems are also observing increasing deployment in the sector to safeguard crucial electronic data.
While healthcare facilities are generally equipped with big-capacity emergency power generators, these generators, however, take considerable time to provide electricity across a facility. In such cases, a small moment of power disruption could be fatal to patients under critical care and are having surgery. The installation of UPS systems allows healthcare facilities to safeguard sensitive and costly equipment from damage that is caused by power brownouts or voltage surge.
Meanwhile, apart from the healthcare sector, the increasing popularity and adoption of the IoT enabled smart devices like smartphones, smart voice-assistant speakers, and smart TVs are creating a favorable outlook for the overall UPS market landscape from the residential sector.
The competitive landscape of the global UPS market is inclusive of players such as Toshiba Corporation, Vertiv, Co., Huawei Technologies Co., Ltd., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, Eaton Corporation, and ABB Ltd. among others.
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Table Of Content:
Chapter 5. UPS Market, By Component
5.1. Key trends by component
5.2.1. Market estimates and forecast, 2015 – 2025
5.2.2. Standby (off-line) UPS
220.127.116.11. Market estimates and forecast, 2015 – 2026
5.2.3. Line interactive UPS
18.104.22.168. Market estimates and forecast, 2015 – 2026
5.2.4. Online UPS
22.214.171.124. Market estimates and forecast, 2015 – 2026
5.3.1. Market estimates and forecast, 2015 – 2026
126.96.36.199. Market estimates and forecast, 2015 – 2026
188.8.131.52. Market estimates and forecast, 2015 – 2026
Chapter 6. UPS Market, By Application
6.1. Key trends by application
6.2.1. Market estimates and forecast, 2015 – 2026
6.3. Data centers
6.3.1. Market estimates and forecast, 2015 – 2026
6.4.1. Market estimates and forecast, 2015 – 2026
6.5. IT & Telecom
6.5.1. Market estimates and forecast, 2015 – 2026
6.6.1. Market estimates and forecast, 2015 – 2026
6.7. Media & entertainment
6.7.1. Market estimates and forecast, 2015 – 2026
6.8.1. Market estimates and forecast, 2015 – 2026
6.9.1. Market estimates and forecast, 2015 – 2026
Chapter 7. UPS Market, By End-Use
7.1. Key trends by end-use
7.2.1. Market estimates and forecast, 2015 – 2025
7.3. Large enterprises
7.3.1. Market estimates and forecast, 2015 – 2025
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