The Global Modular Ups Market Size is expected to grow from USD 3.7 billion in 2020 to USD 7.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Some of the key factors influencing the market growth are growing demand for power backup solutions, government initiatives for industrial development, increasing population, and recent decline in lithium-ion battery prices. The growth prospects for the industrial UPS market are highly dependent on battery dynamics. Moreover, the requirement for battery replacement & updating of components and high maintenance cost are the major growth barriers for restraining growth of market.
UPS is a device that provides battery backup when the electrical power fails or drops to an unacceptable voltage level. Small UPS systems provide power for a few minutes; enough to power down the computer in an orderly manner, while larger systems have enough battery for several hours. UPS systems can be set up to alert file servers to shut down in an orderly manner when an outage has occurred, and the batteries are running out. Every UPS converts incoming AC to DC through a rectifier and converts it back with an inverter. Batteries or flywheels store energy to use in a utility failure. A bypass circuit routes power around the rectifier and inverter, running the IT load on incoming utility or generator power. A UPS is typically used to protect hardware such as computers, data centres, telecommunication equipment or other electrical equipment where an unexpected power disruption could cause injuries, fatalities, serious business disruption or data loss.
Top vendors in this market are Schneider Electric, ABB, AMETEK Solidstate Controls, Emerson Network Power, and Eaton. Other prominent vendors in this market are Borri, Fuji Electric, AEG Power Solutions, Benning Power Electronics, Mitsubishi Electric, Active Power, GE Industrial, Caterpillar, Riello Power India, Piller Group, NUMERIC, Cyber Power Systems, Gamatronic, Uninterruptible Power Supplies, and Falcon Electric.
Global modular uninterrupted power supplies market is segmented into type, output type, application, power rating and region. Among all the regions, APEC is expected to acquire the huge market opportunity for major players operating in the modular uninterrupted power supplies market during the forecast period. North America is likely to be the leading revenue contributor and is anticipated to see significant expansion in the coming future
Report : Uninterrupted Power Supply (UPS) Market - By Type (Line/Standby, Line-Interactive and Online), By Output Type (AC and DC power supply), By Application (Data Centres, Refining Industry, Telecommunication, Medical, Petrochemical, Oil and Gas Industry, IT Sector, Power & Energy Sector, Automobile, and Others), By Power Rating (-10 kVA, 10.1-20 kVA, 20.1-100 kVA, and 100.1 kVA & Above), and By Region (North America, South America, Europe, APAC, Middle East and Africa) - Industry Analysis, opportunity and Forecast 2020 To 2027