UPS Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI3791

Summary Methodology

UPS Market size is predicted to witness high growth over the forecast period owing to rapid urbanization and industrialization in major economies including the U.S., Canada, China, Germany, and the UK. The strong presence of global companies and their business establishments in these countries is a major growth factor for UPS manufacturers. The rise in the demand for power backup solutions across commercial and industrial sectors for avoiding system downtime and interruptions in business operations is accelerating the UPS market growth. The industrial equipment requires a continuous electricity supply for reaching huge manufacturing targets. The businesses are investing highly to implement advanced power backup systems in their facilities for reducing the system downtime losses. It also provides power support to business facilities during maintenance and repair of the electric unit.

Increasing power consumption by connected technologies in smart cities is accelerating the UPS market demand. Several countries including India and China are continuously engaged in investing highly to integrate smart solutions into their technologies. For instance, India has planned to invest around USD 7.5 billion in the smart city mission to turn around 100 urban centers into smart cities by 2020. These smart cities will be incorporated with connected technologies, augmenting the UPS market growth. Moreover, with the rise in the adoption of electronic appliances, such as television, fridge, air-conditioners, and microwave ovens in smart homes, the power consumption rate is increasing rapidly, growing the demand for the market.

High costs associated with the installation, maintenance, and repair of these solutions is a major restraining factor in the UPS market. It requires skilled technicians or engineers for performing the installations and maintenance tasks, resulting in high service costs. The manufacturers in the market need to invest highly to train their engineers about the new and advanced technologies to update their knowledge base and serve their customers effectively. Furthermore, customers also need to bear additional expenses of replacing its batteries due to its certain battery life, after which the battery needs to be changed, restricting the market growth.

The increasing demand for the solutions in the hotel industry to provide power backup to various technologies being installed in the facility will also drive the UPS market growth. Many safety and security solutions are being installed in hotel buildings to improve the safety and security of guests and their luggage such as video surveillance, voice alarm systems, and extinguishing system. These solutions help the hotel facility to reduce the chances of thefts, robberies, and other crime incidents. It becomes necessary to provide power backup to these solutions to avoid disruptions in their monitoring operations, accelerating the market growth. Fire alert systems are being widely adopted in such facilities to notify fire incidents in the hotel. The power cuts or failures can impact the operations of these solutions, increasing risks of fire catching at the instance.

The line interactive UPS market is expected to witness high growth due to its two-way power handling capabilities. Several advantages offered by these solutions, such as high reliability, cost-effectiveness, and energy efficiency, in comparison to other UPS types are encouraging businesses to install these systems. Moreover, it offers around 96-98% energy efficiency in comparison to other UPS solutions, which is the major factor propelling the market growth. The solution consists of a transfer switch that opens during power cuts and the power flows from the battery to the UPS system, which reduces the power wastage and improves the efficiency of the system. Moreover, it compensates for voltage fluctuations, which make it compatible to be used in households, computers & desktops, and corporates.

Increasing industrialization in Europe is the major factor driving the UPS market growth. With the rise in the adoption of modern technologies in manufacturing facilities, the demand for efficient power technologies will grow rapidly. Countries including Germany, the UK, and France consist of major automobile manufacturers, such as Audi, BMW, and Porsche, that are expanding their manufacturing capabilities in the region, driving the market growth. Moreover, the region consists of several UPS manufacturers that are partnering with industries to provide their solutions in manufacturing operations. For instance, in March 2019, AEG Power Solutions, a Ukraine-based power supply system company announced to grant a license to SEGMAS for manufacturing solar inverters under AEG PS technology.

The key player operating in the UPS market are Numeric UPS, Su-Kam Power Systems Ltd, Luminous Power Technologies Pvt Ltd, Microtek International Pvt. Ltd., Delta Power Solutions Pvt. Ltd, Eaton Corporation, ABB Ltd., Techser Power Solutions Pvt Ltd, Hitachi HI-REL Power Electronics Pvt Ltd, Consul Neowatt Power Solutions Pvt. Ltd., and APC by Schneider Electric. Moreover, UPS market players are adopting several market strategies to attract customers and increase their market coverage such as product differentiation, market segmentation, product positioning, market penetration, and new product development. For instance, in September 2018, Eaton Corporation announced the launch of modular UPS systems 9PXM that features online double-conversion technology and offers high energy efficiency at full load.

 UPS Market, By Component

  • Solution
    • Standby (off-line) UPS
    • Line interactive UPS
    • Online UPS
  • Service
    • Managed
    • Professional

UPS Market, by Application

  • BFSI
  • Healthcare
  • Manufacturing
  • IT & telecom
  • Data Centers
  • Media & entertainment
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Benelux
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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Our Market Research Reports Include:

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  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
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  • Regulatory Overview
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