The Global Market for Uninterruptible Power Supply (UPS) Systems is Projected to Reach US$13.7 Billion by 2022
The Importance of Backup Power in the Electronic &
Cloud Era Sustains the Importance of Uninterruptible Power Supply (UPS)
Systems, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry trends, growth drivers, market share, size and demand
forecasts on the global Uninterruptible Power Supply (UPS) Systems market. The global market for Uninterruptible Power Supply
(UPS) Systems is projected to reach US$13.7 billion by 2022, driven by the increased need for uninterrupted,
consistent and reliable power supply for flawless functioning of modern digital
equipment in Residential/Consumer, Enterprise IT, Industrial, Commercial,
Telecom and Datacenter environments.
Modern digital equipment
such as personal computers/workstations, network servers, storage systems and
telecom equipment come with the capability to implement millions and billions
of transactions per second using sophisticated microprocessors that function at
mega Hz or even giga Hz frequencies. For such digital equipment, any
disturbance in the power supply can affect hundreds and thousands of basic
operations, even if such disturbances last for just few milliseconds, potentially
resulting in system/equipment malfunctions, loss of vital data, and erosion in
revenues. The negative impact of power supply disturbances/outages is clearly
manifested in mission critical facilities such as datacenters, telecom backbone
infrastructure, hospitals, power grids, military units, and process
manufacturing facilities among others. With the rise of smart connected homes,
the importance of UPS systems is also growing in residential homes.
UPS system, defined as a device
designed to facilitate an electrical or electronic load to keep running when
the primary power source is lost or becomes unavailable for short durations, is
a robust tool that fully supports the reliable and consistent power supply
needs of modern digital equipment. A combination of electronic power
converters, switches and power storage devices such as batteries, UPS system maintains
the continuity of power supply to a load during input power failures while also
functioning as a power conditioning tool protecting the equipment against power surges,
spikes, sags, brownouts etc. Acting as an interface between the mains
electricity and the loads, UPS system supplies continuous electrical power to
the load, irrespective of the status of the primary electricity source. The
market is growing at a healthy pace supported by the sustained expansion in
industrial, commercial and business sectors, and growing investments in IT and
related infrastructure across various industries. The market is also benefiting
from the wider proliferation of technologically advanced UPS models integrated
with superior features enhancing the adaptability, availability, manageability,
serviceability and safety of the system.
As stated by the new
market research report on Uninterruptible Power Supply (UPS) Systems, Europe represents the largest market worldwide.
Asia-Pacific ranks as the fastest growing market with a CAGR of 7.2% over the
analysis period, led by expanding industrial, business and commercial sectors, large-installed
base of digital equipment, adoption of automation and smart factory
technologies in the manufacturing sector, rise in the number of networked homes
as a result of the growing digital affluence of the expanding base of middle
class population, and proliferation of IoT Devices in virtually every industry
and market. UPS less than 5 KVA represents the largest product market, while,
above 500 KVA UPS constitutes the fastest growing segment.
Major players covered in
the report include ABB Ltd., Active Power Inc., American Power Conversion
Corp., Consul Neowatt Power Solutions Pvt. Ltd., CyberPower Systems Inc., Delta
Power Solutions, East Group Co. Ltd., Eaton Corporation plc, Emerson Electric
Co., Fuji Electric Co. Ltd., General Electric Company, Huawei Technologies Co.
Ltd., Legrand S.A., Numeric Power Systems Ltd., Piller Power Systems, RPS Spa,
Schneider Electric SE, Shenzhen KSTAR Science and Technology Co. Ltd., Socomec
Group, Toshiba Corporation, Tripp Lite, WeP Peripherals Limited, and Xiamen
Kehua Hengsheng Co. Ltd., among others.
The research report titled
“Uninterruptible Power Supply (UPS) Systems: A Global
Strategic Business Report” announced
by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers,
acquisitions and other strategic industry activities of global companies. The
report provides market estimates and projections for all major geographic
markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK,
Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of
Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of
World. The report also analyzes the UPS systems revenues by the Product Segments
- Less than 5 KVA, 5.1 to 20 KVA, 20.1 to 50 KVA, 50.1 to 100 KVA, 100.1 to 200
KVA, 200.1 to 500 KVA and Above 500 KVA.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
Large companies especially Telcos, ISP's and more would be the ones contributing to the major increase, it's just as you said. And ordinary consumers would also give an extra boost since small enterprises can use it too since it
ReplyDeleteoffers protection against brownouts and blackouts.
I myself uses one but only for my personal computer and it does a wonderful job. Though not that practical on other things that doesn't require a backup battery.