Increase in Requirement for UPS in Smart Buildings Boosts Uninterrupted Power Supply Market Growth
According to our latest study titled “Uninterrupted Power Supply Market Forecast to 2031 – Global and Regional Share, Trend, and Growth Opportunity Analysis — by Type, Rating, and End User,” the market was valued at US$ 10.82 billion in 2023 and is projected to reach US$ 17.52 billion by 2031; it is estimated to register a CAGR of 6.2% from 2023 to 2031. The report includes growth prospects in light of current uninterrupted power supply market trends and driving factors influencing the market growth.
Smart buildings are equipped with technologically advanced products to ensure efficient use of the building's resources. This aims to enable a safe and comfortable environment for its residents. Internet of Things (IoT) sensors, building management, artificial intelligence (AI) systems, and robots are among the technologies used in smart buildings, all of which are integrated and enhanced by power-saving solutions. Automation is critical in a smart building because of the high level of connection between many activities, for example, between data sent by real-time motion sensors connected to the Internet of Things and building management systems. This automation extends to HVAC, lighting, and security systems, among other areas.
Uninterrupted Power Supply Market – by Region, 2023 and 2031
Uninterrupted Power Supply Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Standby, Line Interactive, and Online), Rating (Up to 50 kVA, Between 50 and 100 kVA, and Above 100 kVA), End User (Data Centers, Telecom, Healthcare, Industrial, and Others), and Geography
Uninterrupted Power Supply Market Key Findings, Share by 2031
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Source: The Insight Partners Analysis
All equipment and systems that comprise a smart building must have a dependable, consistent, and high-quality electricity supply. Uninterruptible power supply (UPS) systems can protect the hardware and software infrastructure of any building, whether commercial, business, educational, or residential. If the power supply is interrupted, the UPS will continue to provide the required power so that the computer equipment installed in the building has enough time to turn off and reboot properly, as well as store data and produce backup copies.
UPS systems protect connected devices from power fluctuations that could cause major data loss or hardware damage. They provide an uninterrupted power source, giving the connected device enough time to turn off during a power loss. Thus, the rising number of UPS in smart buildings is contributing to the growing uninterrupted power supply market size.
The uninterrupted power supply market analysis has been carried out by considering the following segments: type, rating, and end user. Based on type, the market is segmented into standby, line-interactive, and online. In terms of rating, the market is divided into up to 50 kVA, between 50 and 100 kVA, and above 100 kVA. Based on end user, the market is segmented into data centers, telecom, healthcare, industrial, and others. The data centers segment held the largest uninterrupted power supply market share in 2023.
The scope of the uninterrupted power supply market report is primarily divided into North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). Asia Pacific accounted for the largest uninterrupted power supply market share in 2023. The APAC uninterrupted power supply market is segmented into China, Japan, South Korea, India, Australia, and the Rest of APAC. In recent years, the region has witnessed an upsurge in the need for UPS as a source of backup power in the case of faulty production lines or disruptions in IT equipment operations. Major market players in APAC are offering innovative products to cater to the growing demand for UPS from sectors such as data centers. In 2023, Fuji Electric Co., Ltd. announced the expansion of the 7500WX Series high-capacity uninterruptible power supply systems to launch a new product with a single-unit capacity of 2,400 kVA. With the advancement of technologies such as DX (Developer Experience) and cloud systems, as well as the rising implementation of AI, more data centers are being built across the region. Fuji Electric provides integrated services that encompass design, construction, and operation support for the complete facility, contributing to a secure supply of electricity and lowering CO2 emissions. Many countries in APAC, such as Singapore, India, and China, are aiming to become economic and info-communication hubs, which will result in demand for energy-efficient IT infrastructure, thus driving the uninterrupted power supply market growth in Asia Pacific.
Schneider Electric; Emerson Electric Co.; Toshiba Corporation; ABB Ltd; Eaton Corporation PLC; Mitsubishi Electric Corporation; Cyber Power Systems (USA), Inc.; Delta Electronics, Inc.; Legrand; Kehua Tech; Riello UPS; and S&C Electric Company are among the key players profiled in the uninterrupted power supply market report.
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