Uninterruptible Power Supply (UPS) Market Size, Share, Industry Analysis, Trends, Growth, 2032

Uninterruptible Power Supply (UPS) Industry Prospective:

The global uninterruptible power supply (UPS) market size was evaluated at $9 billion in 2023 and is slated to hit $14 billion by the end of 2032 with a CAGR of nearly 6% between 2024 and 2032.

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Uninterruptible Power Supply (UPS) Market: Overview

Uninterruptible power supply is a battery backup tool used for providing constant electricity to various electric devices. Furthermore, it provides emergency power to electric loads in offices and households when the main power fails. Reportedly, it ensures that the electrical equipment operates in a safe mode during power failure, blackouts, and voltage fluctuations.

Key Insights

• As per the analysis shared by our research analyst, the global uninterruptible power supply (UPS) market is projected to expand annually at the annual growth rate of around 6% over the forecast timespan (2024-2032)
• In terms of revenue, the global uninterruptible power supply (UPS) market size was evaluated at nearly $9 billion in 2023 and is expected to reach $14 billion by 2032.
• The global uninterruptible power supply (UPS) market is anticipated to grow rapidly over the forecast timeline owing to an increment in the allocation of funds in the data centers.
• In terms of product type, the standby segment is slated to register the highest CAGR over the forecast period.
• Based on capacity, the 51 kVA-200 kVA segment is predicted to contribute majorly towards the global industry share in the upcoming years.
• On the basis of application, the industrial segment is predicted to contribute majorly towards the global market size in the upcoming years.
• Region-wise, the Asia-Pacific uninterruptible power supply (UPS) industry is projected to register the fastest CAGR during the projected timespan.

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Uninterruptible Power Supply (UPS) Market: Growth Factors

An increase in the power cuts across the globe and the need for incessant power due to industrialization to boost the global market growth

A rise in power outages and voltage oscillations is likely to bolster the expansion of the global uninterruptible power supply (UPS) market. An increment in the allocation of funds in the data centers can provide it a strong platform for the growth of the global market. Additionally, large-scale use of UPS in networking devices, telecommunications, computers & servers, industrial devices, and medical equipment will boost the global market trends. Need for reducing downtime due to power failures can proliferate the global market progression.

Uninterruptible Power Supply (UPS) Market: Restraints

A rise in the initial charges can hamper the growth of the industry across the globe by 2032

A surge in the preliminary costs can deter the customers from purchasing the product which can severely obstruct the expansion of the global uninterruptible power supply (UPS) industry.  Low battery life and the requirement of constantly changing batteries can increase the costs of product maintenance, thereby further restricting the expansion of the global industry.

Uninterruptible Power Supply (UPS) Market: Opportunities

Growing product installation in households and commercial complexes can augment the global market growth

Large-scale use of uninterruptible power supply in data centers and software firms for preventing the data loss caused due to power stripping can open new growth opportunities for the global uninterruptible power supply (UPS) market in the years ahead. Rise in the deployment of the product in residential and commercial sectors will prop up the expansion of the market globally.

Uninterruptible Power Supply (UPS) Market: Challenges

An increase in the operating costs of the product can challenge the growth of the industry globally

Escalating acceptance of cloud computing systems and virtualization has minimized the need for physical infrastructure needs and this can challenge the expansion of the global uninterruptible power supply (UPS) market. Rise in operational expenditure will further curtail the growth of the industry globally.

Uninterruptible Power Supply (UPS) Market: Segmentation

The global uninterruptible power supply (UPS) market is divided into product type, capacity, application, and region.                                          

In terms of product type, the uninterruptible power supply market across the globe is bifurcated into standby, double conversion, and line-interactive segments. Additionally, the standby segment, which gained nearly 55% of the global market earnings in 2023, is expected to record the highest gains in the analysis period. The segmental expansion during the period from 2024 to 2032 can be due to its reduced cost, huge reliability, and modular designing. Furthermore, these products are also utilized when there is a power supply disruptions.

Based on the capacity, the global uninterruptible power supply industry is divided into up to 50 kVA, 51 kVA-200 kVA, and above 200 kVA segments. Moreover, the 51 kVA-200 kVA segment, which gathered about half of the global industry profits in 2023, is set to make huge contributions towards the global industry earnings in the next decade. The growth of the segment in the forecasting period can be attributed to the escalating need for constant electricity supply for commercial and residential buildings.

On the basis of application, the uninterruptible power supply market across the globe is bifurcated into data center, marine, residential, industrial, medical, commercial, and telecom segments. Additionally, the industrial segment, which gained approximately 57% of the global market share in 2023, is set to account majorly for the global market size in the analysis timeline. The segmental progression during the period from 2024 to 2032 can be due to the large-scale deployment of UPS in the industrial segment owing to its ability to prevent data losses due to power cuts in industrial units.

Uninterruptible Power Supply (UPS) Market: Report Scope

Uninterruptible Power Supply (UPS) Market: Regional Insights

North America is expected to maintain its leadership status in the global market in the forecast period

North America, which contributed about 65% of the global uninterruptible power supply (UPS) market revenue in 2023, is expected to establish a numero uno position in the global market in the upcoming years. Furthermore, the regional market expansion in the forecast timeline can be ascribed to the large-scale use of the UPS in the medical, insurance, banking, and financial sectors. Presence of key players in the countries such as the U.S. will embellish the scope of the growth of the regional market.

The Asia-Pacific uninterruptible power supply (UPS) industry is slated to register the highest growth rate in the next few years. The quick industry expansion in the APAC region can be due to a surge in the number of data centers in China and India. Apart from this, the rise in the need for incessant power supply for the surging population and factories as well as various IT firms in India and China will prompt regional industry growth. Moreover, the flourishing construction sector has added to the demand for UPS in the region. Growing urbanization has further boosted the expansion of the industry in APAC.  

Key Developments

• In the first half of 2021, Fuji Electric introduced the 7500WX series of high-capacity UPS for hyperscale data centers. Furthermore, in the second half of 2023, this product line has been increased through the introduction of a capacity of a single-unit of nearly 2,400 kVA.
• In March 2024, Schneider Electric Corporation launched the Back-UPS BE Series of 900 VA and 1050 VA UPS for households. Such moves will increase the profitability of UPS business along with adding value to it.

Uninterruptible Power Supply (UPS) Market: Competitive Space

The global uninterruptible power supply (UPS) market profiles key players such as:

• Eaton Corporation PLC
• S&C Electric Company
• Schneider Electric
• Xiamen Kehua Hensheng Co. Ltd.
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Sendon International Ltd.
• Riello Elettronica SpA
• Delta Electronics Inc.
• Toshiba Corporation
• Beijing Dynamic Power Co. Ltd.
• ABB Ltd.

The global uninterruptible power supply (UPS) market is segmented as follows:

By Product Type

• Standby
• Double Conversion
• Line-Interactive

By Capacity 

• Up to 50 kVA
• 51 kVA-200 kVA
• Above 200 kVA

By Application 

• Data Center
• Marine
• Residential
• Industrial
• Medical
• Commercial
• Telecom

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa