Uninterrupted Power Supply Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The uninterrupted power supply market size is projected to reach US$ 17.52 billion by 2031 from US$ 10.82 billion in 2023. The market is expected to register a CAGR of 6.2% during 2023–2031. Smart UPS systems are likely to remain a key trend in the market.

Uninterrupted Power Supply Market Analysis

Uninterrupted power supply systems are crucial equipment finding application in data centers, power grids, industrial grids and others. UPS systems are extensively used in data servers, computer systems, industrial environments, and laboratories. As a UPS safeguards equipment, it is suitable for scenarios where electrical loads are susceptible to power outages or other power quality issues. For example, UPS systems are often used for computers and servers since power outages can result in data loss. The market is majorly driven by the increasing number of data centers worldwide, upgradation of electricity grid equipment owing to ageing infrastructure, and need for energy efficient systems to achieve the power efficiency norms.

Uninterrupted Power Supply Market Overview

In the healthcare sector, different types of medical and laboratory equipment are vulnerable to power outages or low-quality power. The poor quality or unstable grid electricity for many health facilities in underdeveloped countries results in scheduled or unscheduled power outages for long periods or voltage fluctuations that can damage equipment. In addition, power outages in hospitals and laboratories cause downtime, compromising the quality and availability of key services. As a result, health facilities frequently use backup power systems to handle electrical loads in the event of a power outage due to grid component damage.

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Uninterrupted Power Supply Market: Strategic Insights

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Uninterrupted Power Supply Market Drivers and Opportunities

Focus on Energy Efficiency in Data Centers

Data centers account for a considerable amount of worldwide energy use, and this figure is only anticipated to rise as data demand rises. As per the 2023 AFL data, globally, data centers utilize ~3% of total energy output, with hyperscale data centers accounting for 20% of global data center electricity demand, which is expected to increase to 50% by 2020. Microsoft's 700,000-square-foot data center in Chicago, Illinois, is one of the world's largest, capable of consuming 198 MW of power. To attain net-zero emissions requirements, data centers must invest significantly in energy-saving techniques. Cooling is one of the most energy-intensive processes in data centers; thus, improving cooling systems can have a significant impact on energy efficiency. This would entail employing more effective cooling methods, such as liquid cooling, and implementing airflow-improvement measures. Furthermore, improving power management and employing more efficient power sources may help reduce power loss.

IoT-Enabled UPS Systems

IoT is revolutionizing UPS by enabling better monitoring and remote administration. IoT-enabled UPS systems have sensors that capture real-time data on battery status, load levels, temperature, and humidity. They submit this data to a cloud-based platform for complete analysis, which enables the necessary steps. This enables proactive monitoring and maintenance of UPS systems, resulting in early detection of possible issues and reduced downtime. For example, if a UPS system detects that the battery is getting low, it can instantly notify specific workers, allowing them to take action. Furthermore, IoT-enabled UPS systems can be remotely managed and controlled, offering greater flexibility and convenience. UPS systems can be easily monitored and managed using web-based and mobile applications. This allows for remote settings and configurations, such as modifying battery runtime, changing shutdown parameters, or running diagnostics. This is done without physical access to the UPS system, saving time and effort and allowing for more efficient control of several UPS systems in various locations, making it perfect for large-scale deployments.

Uninterrupted Power Supply Market Report Segmentation Analysis

Key segments that contributed to the derivation of the uninterrupted power supply market analysis are type, rating, and end user.

• Based on type, the uninterrupted power supply market is divided into standby, line-interactive, and online. The line-interactive segment held the largest market share in 2023.
• Based on rating, the market is bifurcated into up to 50 kVA, between 50 and 100 kVA, and above 100 kVA. The above 100 kVA segment held the largest market share in 2023.
• By end user, the market is segmented into data centers, telecom, healthcare, industrial, and others. The data centers segment held the largest market share in 2023.

Uninterrupted Power Supply Market Share Analysis by Geography

The geographic scope of the uninterrupted power supply market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America held a significant market share in 2023. The North America uninterrupted power supply market is segmented into the US, Canada, and Mexico. North America is an industrially and economically advanced region. The region has established a significant number of data centers, which is expected to grow in the coming years. For instance, in 2023, Microsoft announced its plan to invest US$ 500 million in developing a hyperscale cloud computing and AI infrastructure in Quebec. The investment was made to fulfill the goal of strengthening the region's innovation economy, creating high-value jobs, and preparing the province for the future AI economy. In 2024, Amazon subsidiary AWS announced its plan to invest US$ 5 billion to establish multiple data centers in Mexico to cater to the growing demand for cloud computing services. According to Reuters, Ruben Mugartegui, the CEO of AWS Mexico, stated that the new data centers will be established in the Mexican state of Queretaro. Mugartegui also stated that the company has been working on the project for more than five years and intends to divide the investment over a period of 15 years. Also, the rise in investment in smart grids in the region contributes to the increased demand for uninterrupted power supply. In 2023, the Department of Energy announced US$ 3.5 billion in grants to increase wind and solar power capacity, fortify power lines against extreme weather, integrate batteries and electric vehicles, and develop microgrids to keep lights operational during power outages. The report highlighted 58 projects in 44 states in the US as eligible for federal financing. The investment amount will reach more than US$ 8 billion with funding from state and local governments, utilities, and industry partners. These government initiatives will drive the market growth in the region.

Uninterrupted Power Supply Market Regional Insights

The regional trends and factors influencing the Uninterrupted Power Supply Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Uninterrupted Power Supply Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Uninterrupted Power Supply Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Uninterrupted Power Supply Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Uninterrupted Power Supply Market are:

1. Schneider Electric
2. Emerson Electric Co.
3. Toshiba Corporation
4. ABB Ltd
5. Eaton Corporation PLC
6. Mitsubishi Electric Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

Uninterrupted Power Supply Market News and Recent Developments

The uninterrupted power supply market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the uninterrupted power supply market are listed below:

• Schneider Electric introduced APC Smart-UPS Modular Ultra, the most sustainable uninterruptible power supply (UPS) of its kind. This UPS provides customers with more scalable power in the smallest footprint, freeing up space for critical IT or other equipment while maximizing uptime and lowering the total cost of ownership. (Source: Schneider Electric, Press Release, June 2024)
• ABB added ZincFive as an approved supplier for its UPS systems, offering nickel-zinc as a battery option alongside lithium-ion and lead-acid. ZincFive's BC series of nickel-zinc battery cabinets can now be installed and supported as part of an ABB uninterruptible power supply system. (Source: ABB, Press Release, October 2023)

Uninterrupted Power Supply Market Report Coverage and Deliverables

The "Uninterrupted Power Supply Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Uninterrupted power supply market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Uninterrupted power supply market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Uninterrupted power supply market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the uninterrupted power supply market
• Detailed company profiles