Technological Advancements to Drive Global UPS Market by 2030

Triton Market Research presents the ‘Global Uninterruptible Power Supply (UPS) Market’ report sectioned by Technology (Monolithic, Modular), by Topology (Static, Rotary), by Power Range (0.1 kVA–10 kVA, 10.1 kVA–20 kVA, 20.1 kVA–50 kVA, 50.1 kVA–100 kVA, 100.1 kVA–200 kVA, Above 200 kVA), by Phase Type (Three Phase, Single Phase), by End-user (Industrial, Public/Infra, Commercial, Data Centers, Other End-users), and Regional Outlook (Asia-Pacific, Europe, Middle East and Africa, Latin America, North America).

The report further discusses the Market Summary, Industry Outlook (Impact of COVID-19, Market Maturity Analysis, Porter’s Five Forces Analysis, Vendor Scorecard, Key Market Strategies, Market Attractiveness Index, Drivers, Challenges, Opportunities, Analyst Perspective), Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

According to Triton Market Research’s report, the uninterruptible power supply (UPS) market is projected to experience growth with a compound annual growth rate of 3.68% during the forecast period spanning from 2023 to 2030.

The market growth during the forecast period is anticipated to be driven by technological advancements and innovations in uninterruptible power supply and battery systems, which are integral components of UPS.

Protection against power quality issues has been greatly enhanced in recent years through the development of new technologies like custom power devices based on power electronic concepts. These advancements aim to address power quality problems effectively.

While uninterruptible power supply serves as a reliable power backup solution, it may not be suitable for appliances requiring a significant amount of power. For example, it is not recommended to use UPS as a backup source for high-power-consuming appliances like air conditioners. Furthermore, the backup power duration provided by UPS is limited.

Therefore, in regions experiencing prolonged power outages, uninterruptible power supply systems may not be the optimal choice for users seeking a continuous and sustained power supply. This is likely to impede the market’s growth over the forecast period.

The Asia-Pacific region leads the global market for uninterruptible power supply (UPS), accounting for the highest revenue in 2022. The region is witnessing a significant surge in the demand for backup power solutions due to the rapid and widespread adoption of emerging technologies like cloud computing, artificial intelligence, and the Internet of Things.

This increased demand is directly contributing to the growth of the UPS market in the region during the forecast period. The adoption of UPS systems is seen as a crucial factor in supporting and sustaining the seamless operation of these advanced technologies.

The eminent companies in the uninterruptible power supply (UPS) market include Fuji Electric Co Ltd, General Electric Company, Luminous Power Technologies, Delta Electronics Inc, Mitsubishi Electric Corporation, Legrand, Schneider Electric SE, ABB Ltd, Eaton Corporation Plc, Numeric Power Systems Ltd, Piller Group GmbH, Toshiba International Corporation, Emerson Electric Co, Hitachi Ltd, and Huawei Technologies Co Ltd.

The threat of substitutes in the global uninterruptible power supply market is low due to the convergence of technological breakthroughs that have elevated the capabilities of UPS systems. The rapid adoption of new technologies, along with advancements in the electronics sector, have driven further advancements and innovations in UPS solutions, resulting in increased consumer inclination towards their adoption.

At present, there are no significant substitutes for uninterruptible power supply systems. Consequently, these factors collectively contribute to the low threat of substitutes for the global UPS market throughout the forecast period.