Growing R&D Activities to Develop New and Effective Uninterrupted Power Supply to Meet Consumer Demand Is Anticipated to Boost U.S Uninterrupted Power Supply Market During the Forecast Period. U.S Uninterrupted Power Supply (UPS) Market Size is forecast to reach $2.5 billion by 2026, growing at a CAGR of 5.5% in the forecast period 2021-2026.
U.S Uninterrupted Power Supply (UPS) Market Size is forecast to reach $2.5 billion by 2026 at a CAGR of 5.5% in the forecast period 2021-2026. The rise in demand for reliable power solutions that can support large-scale manufacturing facilitates is expected to drive the uninterrupted power supply system market growth. Increase in data-related services, and growing trend of cloud computing and virtualization has also escalated the demand for data centers In United States. Adding to this, growing number of data centers creates demand for UPS in the forecast period. Moreover several data centers have been planning to expand their presence in this region. In 2021, Google has committed to invest plan over $7 billion in offices and data centers across the U.S for various activities including investing in communities that are new to Google and expanding in others across 19 states. Similarly, Microsoft has committed to invest more than $200 million to build 2 data centers in U.S by 2022. Hence these expansions are analyzed to drive the market growth in the forecast period 2021-2026.
With the growing utilization of cloud computing and cloud-based services, the number and size of data centers worldwide is rapidly increasing. Leading cloud service providers, such as Google, Amazon Web Service (AWS), and Microsoft Azure, have developed a number of large-scale data centre projects in recent years and will continue to lead cloud computing innovations in the future. In addition, advances and innovations in UPS technology are aimed to deliver cost-effective protection for edge and micro data centers. Technological advancements in three-phase UPS systems is bringing greater efficiency and modularity and lower the total cost of ownership, offering improved connectivity and a reduced carbon footprint. Further manufacturers are continuously focusing on R&D to develop new and effective Uninterrupted Power Supply to meet consumer demand. These advancements bring greater efficiency and modularity to UPSs, along with a reduced footprint, improved connectivity and a lower total cost of ownership are adding value for anyone trying to save time, save money and lower management risk. Moreover growing developments from various companies is also analysed to drive the market growth. In February 2020, Huawei launched its UPS power module across the world and this launch has enabled the power density of a single module to reach up to 100 kW/3 U. Similarly, Schneider Electric has added more options to its uninterruptible power supply (UPS) portfolio for small data centers and edge deployments. Hence these factors are analysed to drive the market growth in the forecast period 2021-2026.
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U.S Uninterrupted Power Supply Market Growth Drivers:
Surge in Demand for UPS among SME’s
UPS systems provide continuous power supply as their inverters are always on, protecting the infrastructure from all power disturbances such as spikes, blackouts, and brownouts. Growing demand for these systems from edge and micro data centers has encouraged manufacturers to develop advanced systems. In April 2019, Legrand launched a new line of online UPS called the LU-Series for supporting network installations in network closets, data centers, retail applications, and commercial environments. The U.S.-based SMEs generated around $2 billion market revenue in 2019. Moreover, SMEs are the backbone of the U.S. economy and key contributors to economic growth. In addition, several manufacturers are developing cost-effective and high-quality power technologies to help these small facilities in managing their business operations. In addition, the demand for systems from SMEs is increasing in modular and micro data center facilities, encouraging manufacturers to develop compact size and lightweight systems. Hence rising demand for UPS among SMEs is analyzed to drive the market growth in the forecast period 2021-2026.
The Major Players in this Market Include
Major players in Electric Motor include ABB Ltd. AMETEK, Inc., Delta Power Solutions Ltd., Eaton Corporation, Emerson Electric Co., Huawei Technologies Co., Ltd., Legrand, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG among others. In 2020 Schneider Electric has introduced Easy UPS 3L, the newest part of the Easy UPS 3-phase Uninterruptable Power Supply (UPS) range, extending the medium range to 500 and 600 kVA (400V) for external batteries.
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