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Uninterruptible Power Supply (UPS) is a battery backup system used to provide continuous power to electric devices in the absence of regular power or case of voltage drop. It provides a secure way to shut down systems, saving on data losses and repairing costs. UPS is widely used with desktops to prevent data loss in case of electricity defects like power cuts and voltage fluctuations, which may reduce the life of the hardware and circuits inside. Commercial and residential sectors have witnessed a boost in demand for UPS systems owing to the need for continuous power.
Based on the product type, the market is classified into online/ double-conversion, line-interactive, and off-line/ standby. The off-line/ standby segment accounted for the major share of the market, and it is anticipated that it will maintain its attractiveness during the forecast period, owing to its lower cost, modular design, and greater reliability. The standby systems are only used in the case where there has been a disruption in normal power supply lines which increases their operating life and available recharging time.
Based on capacity, the market is segregated into up to 50KVA, 51-200KVA, and above 200KVA. With the growing demand for continuous power supply at residential and commercial locations, the demand for up to 50KVA and 50-200 KVA capacity units has been on a rise in recent years. This trend is set to be continued in coming years with both segments holding a significant share in the global market.
Based on the application, the global market is classified into residential, industrial, commercial, telecom, data center, marine, medical, and others. The data center, telecommunication centers have been the front runner in deploying UPS systems to maintain smooth functionality. This has led the industrial segment to account for a major share in the market, as many small to medium data centers need and use the uninterruptible power supply to prevent data losses in case of a disruption in power due to power cuts or voltage fluctuations.
Due to the rising industrialization and urbanization, the dependence on process automation and round-the-clock network usage has given rise to a demand for consistent power supply, which is a key driving factor for the global uninterruptible power supply (UPS) market. The UPS ensures a reliable power supply, making it an indispensable component in industries.
The key market restraint for the market is the high initial as well as the operational cost of UPS. The cost of regular maintenance of batteries is an added expenditure for consumers, which is affecting the market growth adversely.
Key Market Driver -
Rising demand for consistent power supply from application sectors.
Key Market Restraint -
High capital and operational expenditure.
Some of the major companies in the uninterruptible power supply market are Baykee New Energy Technology Incorporated Co., Ltd, Cyber Power Systems Inc., Toshiba, Gamatronic UK Limited, Active Power, DELTA UPS & Voltage Stabilizers Inc., Zhongshan HongBao Electric CoLtd, S&C Electric Company, Guangdong Zhicheng Champion Group Co., Ltd, SENDon, Jiangsu Meibaijia Electrical Manufacturing Co., Ltd., EAST GROUP CO., LTD., Eaton, Shenzhen Jeidar Electronics Co. Ltd, and AEG Power Solutions.
The global uninterruptible power supply (UPS) market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the major share of the global market due to the rise in automation in insurance, healthcare, and financial services. The North American market is also increasing due to the growing telecommunication and cloud-based services in the U.S. and Canada.
Asia-Pacific is the fastest-growing region for the global uninterruptible power supply market, owing to the rising number of collaborative data centers in developing nations such as India and China. The exponential rise in population has led to the expansion of power, manufacturing, food and beverages, and all other industries in the region which has directly increased the demand for uninterrupted power supply and therefore UPS. Europe and the Middle East and Africa are steady growing regions due to a rise in automation and cloud services in manufacturing and processing industries. The Latin American market is forecasted to be stagnant till the end of the forecast period, owing to low investments and slow growth of data centers and cloud-based computing in the region.
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