UPS and Inverter Market is expected to reach US$ 174.04 Billion by 2031

Global UPS and Inverter Market Forecast to 2031: Key Insights

According to our latest study on "Global UPS and Inverter Market – Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, UPS Type, Inverter Rating, Application, and Geography," the UPS and inverter market size was valued at US$ 86.15 billion in 2024 and is expected to reach US$ 174.04 billion by 2031. The market is estimated to record a CAGR of 11.1% from 2025 to 2031. The growing adoption of smart building systems is likely to be a key UPS and Inverter market trend. Additionally, the dependence on technology result in the need for a continuous supply of power, raising the demand for UPS and smart inverters as they provide critical backup power for building automation, security, and communication applications. In addition, the rising number of data centers worldwide, coupled with the focus on energy efficiency in data centers, is further driving the demand for UPS systems.

The UPS and inverter market growth in APAC has witnessed an upsurge in the need for these systems, owing to their role as a source of backup power in the case of faulty production lines or disruptions in IT equipment operations. Various major UPS and inverter market players in APAC are offering innovative products to cater to the growing demand from data centers. In 2023, Fuji Electric Co., Ltd. announced the expansion of the 7500WX Series of high-capacity uninterruptible power supply systems by launching a new product with a single-unit capacity of 2,400 kVA. With advancements in technologies such as DX (i.e., Developer Experience) and cloud systems, as well as the rising implementation of AI, more data centers are being built across APAC.

UPS and Inverter Market

Similarly, the UPS and inverter market growth in Europe is driven by surging investments in data center infrastructure, rapid urbanization, growth in the renewable energy sector, a rise in industrial infrastructure, and enhanced focus on energy efficiency regulations. In 2024, the European Union (EU) announced the addition of 65.5 GW of solar PV, marking the eighth consecutive year of record-breaking annual growth. Further, the total installed solar capacity in the EU is expected to reach 816 GW by 2030, exceeding the European Commission’s target by 9%. The growth of construction of solar power plants in the region subsequently accelerates the demand for UPS and inverters to store energy.

Rising Popularity of Modular UPS systems to drive the Global UPS and Inverter market

Modular UPS systems have transformed the way businesses adopt power supply solutions. These systems provide the ease of expansion and adaptation to meet changing power requirements. Modular UPS systems are built with many power modules that may be swapped, modified, or added to meet the customers’ needs. This inherent flexibility allows enterprises to adjust their power supply machinery to their own needs. Modular UPS systems serve as a cost-effective option and offer high system availability and reliability. Furthermore, they are often more energy efficient than standard centralized UPS systems, resulting in lower carbon emissions. Owing to the abovementioned benefits, their demand is on the rise in various industries, including IT, telecom, and manufacturing.

Global UPS and Inverter Market: Segmental Overview

On the basis of application, the UPS and inverter market is segmented into commercial, residential, and industrial. The industrial segment held the largest UPS and Inverter market share in 2024. This segment encompasses manufacturing plants, factories, large-scale warehouses, and industrial facilities that rely on continuous and stable power for operations. UPS and inverter systems in this application are designed to handle much larger power loads compared to their commercial or residential counterparts. These systems are used to provide backup power to machinery, control systems, and safety equipment, ensuring uninterrupted production processes and nullifying the risk of damage to expensive industrial equipment. Industrial UPS systems can range from several kVA-scale to even megawatt-scale capacities. Inverters in the industrial segment may also be used for large-scale renewable energy installations, such as solar or wind energy systems.

Global UPS and Inverter Market Share Analysis: Competitive Landscape and Key Developments

The UPS and inverter market report emphasizes the key factors driving the market and prominent players' developments. Schneider Electric SE, ABB Ltd, TOSHIBA CORPORATION, Cyber Power Systems (USA) Inc, Eaton Corp Plc, Emerson Electric Co, Delta Electronics Inc, Legrand SA, Kirloskar Electric Company, OMRON Corp, Exide Industries Ltd, Luminous Power Technologies Pvt Ltd, Microtek, Su-Kam Power Systems Ltd., and Kehua Data Co Ltd are among the prominent players profiled in the UPS and inverter market report. The market players focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

• In November 2024, Delta provided approximately 3,500 Delta M125HV PV inverters to MOVE ON Energy GmbH to power Europe's largest solar power plant, the 650MW Witznitz Solar Park. Located near Leipzig, Germany, this landmark project collectively generates enough green electricity to power 200,000 households annually, translating into a reduction in carbon emissions by over 250,000 tons each year.
  
  
• In September 2024, Su-Kam Power Systems Ltd. (Su-Kam), a leading player in India’s power backup and solar solutions industry, announced its immediate plans for global expansion. Already established in 51 countries across Africa, West Asia, and Southeast Asia, the company now plans to enter new markets in Europe to capitalize on the growing demand for solar and renewable energy products.

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com