The Industrial UPS Market is estimated to surpass $7.4 billion mark by 2026 growing at an estimated CAGR of more than 4.9% during the forecast period 2021 to 2026. The Industrial UPS Market is taking a leap towards further alliance on a global scale. UPS market is mature and highly competitive and every player has to go through the price pressure while launching the new product or entering the new market. This gives end user an advantage to buy the product in low price. These UPS are intended to protect the IT environments and critical high density computers and variety of other applications. To ensure flexible modularity, the architecture is made of multiple frames, which further allows end user to battery autonomy, power and reduces the redundancy levels. In addition these above mentioned operational benefits of the modular UPS will gain more traction in applications such as commercial, data centers and telecom. By the end of the forecast period, the scalable and flexible architecture of modular and scalable UPS will be further driven by increasing the awareness levels among the end users.
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.
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 in the industrial sector is analyzed to drive the market growth in the forecast period 2021-2026.
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Industrial UPS Market Growth Drivers:
Improved Energy Efficiency
The driving forces behind growth of UPS in industrial sector are intense environmental restrictions, rising energy costs and high power densities. At present indsutries are focusing on improving energy efficiency and employing scalable products which will further impact the service market. Industrial UPS deployments are expected to outrun the Moore’s law. The rapid growth in IT sector will require convergence of technologies across industry. The companies offering UPS products will leverage the ICT sector technical build-up to promote their efficient and scalable UPS products.
The Major Players in this Market Include
The major companies in the Industrial UPS Market include PC-Schneider, Legrand, Socomec, ABB, Eaton Corp, Vertiv, General Electric, Delta Electronics, Reillo UPS, and Huawei. In June, 2019 Fuji Electric Co., Ltd launched the 7400WX-T3U, a high-capacity uninterruptible power supply system to strengthen its overseas power supply business.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.