Uninterrupted Power Supply Market is expected to reach US$ 17.52 billion by 2030

Uninterrupted Power Supply Market Forecast to 2030: Key Insights

According to our latest study on "Uninterrupted Power Supply Market Global and Regional Share, Trends, and Growth Opportunity Analysis – by Type, Rating, End User, and Geography," the uninterrupted power supply market size is estimated to grow from US$ 10.82 billion in 2022 to US$ 17.52 billion by 2030; it is projected to grow at a CAGR of 6.2% from 2022 to 2030. Various factors have helped the market to grow significantly over the forecasted period to reach a market size of US$ 17.52 billion by 2030. Factors such as rapid digitization across industries have led to a growing dependence on digital infrastructure, including data centers, communication networks, and critical equipment, thus fueling the market. Additionally, increasing awareness of data protection is expected to bring new uninterrupted power supply market trends in the coming years. 

The Asia Pacific uninterrupted power supply market analysis includes countries such as Japan, China, South Korea, India, Australia, and the Rest of Asia Pacific. The region is witnessing rapid industrialization, with countries investing heavily in infrastructure projects. As industries expand and manufacturing facilities increase, the need for uninterrupted power supply becomes paramount. Uninterrupted power supply systems play a crucial role in protecting machinery, preventing production downtime, and ensuring operational continuity, driving the demand for the market. Moreover, the region is prone to natural disasters such as typhoons, earthquakes, and floods. These events often result in power outages and disruptions to infrastructure. The UPS systems act as a reliable backup power solution, ensuring uninterrupted operations during such emergencies. As businesses become more aware of the potential risks, the demand for UPS systems as a precautionary measure is on the rise. Thus, such trends are anticipated to propel the uninterrupted power supply market forecast over the coming years.

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The China uninterrupted power supply market is experiencing substantial growth, fueled by various factors shaping the country's urban development landscape. China's booming consumer electronics market, driven by a large population and rising disposable incomes, has fueled the demand for an uninterrupted power supply system. The manufacturing industry in China accounts for ~30% of the country's workforce and has played a crucial role in maintaining China's position as the global leader in terms of gross value of industrial output. In the more developed areas along the eastern coast of China, there has been a shift toward advanced manufacturing. In contrast, lower-cost and labor-intensive manufacturing operations are increasingly being relocated to inland regions.

India uninterrupted power supply market is poised for substantial growth due to several key factors. The rapid boom of India's IT sector has propelled the market in the region. The Indian IT staffing industry has experienced significant growth and is poised for a promising future, fueled by the emergence of new technologies. For instance, in March 2023, NASSCOM, the industry body for IT, stated that the Indian technology sector is projected to achieve a market size of US$ 245 billion, growing at a rate of 8.4% in FY 2023. Furthermore, major companies are increasingly showing interest in their development. For example, in May 2022, Cisco launched its first data center in India. Such a move by Cisco is driven by the growing customer demands for cyber-defense and data localization. This projection highlights the immense potential for India's uninterrupted power supply market growth.

Increasing Data Centers Across Globe to Drive Global Uninterrupted Power Supply Market Growth

In the current era of digitalization, businesses increasingly rely on data for their day-to-day operations and financial transactions. This growing dependence has led to a significant rise in the number of data centers worldwide, which now exceeds 7.2 million. With the world generating a staggering 2.5 million terabytes of data daily, driven by the growth of 5G, IoT, and Industry 4.0, the demand for data centers is expected to reach unprecedented levels in the next five years while also catering to the uninterrupted power supply market growth. According to industry reports, the global volume of data is projected to reach 181 zettabytes by 2025, a substantial increase from just two zettabytes in 2010. This rapid increase has boosted the demand for uninterrupted power supply systems to protect these data centers from power outages while also ensuring smooth operations during power failures. Thus, such benefits are anticipated to drive market growth during the forecast period.

Uninterrupted Power Supply Market: Segmental Overview

Based on type, the market is segmented into standby, online, and line interactive. The online segment dominated the uninterrupted power supply market share in 2022. The growth of the online segment in the uninterrupted power supply market share is expected to be driven by accelerating growth momentum and infrastructural developments in emerging economies. Online UPS offers zero transfer time and higher power density compared to line-interactive UPS when switching to battery mode. Furthermore, the benefits of online UPS, such as electrical isolation and equipment protection, have resulted in increased adoption among telecom, healthcare, and data center operators.

Uninterrupted Power Supply Market Analysis: Competitive Landscape and Key Developments

The uninterrupted power supply market report emphasizes the key factors driving the market and prominent players' developments. Schneider Electric, ABB Ltd, Toshiba Corporation, Cyber Power Systems (USA), Eaton Corporation PLC., Emerson Electric, Delta Electronics, Legrand, Mitsubishi Electric Corporation, and AIQ Synertial Ltd. are among the prominent players profiled in the uninterrupted power supply market report. The uninterrupted power supply market players focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

• In February 2023, Eaton Corporation PLC unveiled its most recent advancement in industrial backup power with the introduction of its DIN rail industrial uninterruptible power supply (UPS) in North America. This cutting-edge UPS is designed to endure the rigorous physical conditions and extreme temperatures found in challenging environments. It also provides dependable battery backup for Internet of Things (IoT) devices in factories, warehouses, edge locations, and other industrial facilities.
  
  
• In January 2022, Eaton Corporation PLC introduced the 5PX G2, a connected uninterruptible power supply (UPS) specifically designed for edge locations. This advanced UPS is available in power ratings ranging from 1 to 3 kVA and can be utilized in either rackmount or tower configurations, providing versatility for various business needs. Additionally, the 5PX G2 is equipped to support up to four external battery modules, ensuring ample backup power for critical operations.

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