UPS Market Analysis

UPS Market Analysis

With respect to the solution, the uninterruptible power supply (UPS) market size from the online UPS segment is estimated to be worth over USD 10 billion by 2032. Online UPS is suitable for industries where electrical isolation is necessary for equipment sensitive to power fluctuations. These systems control the output voltage and frequency regardless of the input voltage & frequency, maintaining the system's productivity. Such benefits have resulted in their increased adoption among telecom, healthcare, and data center operators to ensure the protection of the equipment, thus, accentuating segment gains.
 

Based on services, the Managed Services Market share garnered a valuation of over USD 1.4 billion in 2022 and is poised to exhibit a decent CAGR between 2023 and 2032. Managed services include maintenance & installation services that offer maximum reliability by taking proactive steps to minimize unscheduled equipment downtime and other avoidable failures. Such steps aid in reducing the chances of failure during power outages and energy consumption levels and extend the equipment's lifetime. These attributes will favor the adoption of these services, which,  will streamline industry progression in the long run.
 

Regarding application, the UPS market share from data centers segment is anticipated to amass gains worth over USD 3.5 billion by 2032. The demand for UPS solutions in large-scale data centers will witness high growth due to the accelerating adoption of cloud-based services and high-speed broadband connections, leading to the modernization and construction of new data centers. Additionally, increasing power fluctuations and outages in data centers will drive the demand for efficient UPS to ensure the continuous supply of emergency power to equipment, depicting favorable UPS market growth scenarios.
 

Considering the end-user, large enterprises segment size is expected to be valued at over USD 9.5 billion by 2032, attributed to the rapid expansion of IT facilities in different industry verticals. Increasing investments by large enterprises to expand their presence globally are fueling the demand for UPS. Cloud providers such as Amazon and Google have announced plans to invest in hyperscale data centers, mainly in the U.S., the UK, Germany, Japan, Australia, Singapore, the UAE, and Saudi Arabia, due to the increased cloud adoption in these countries, thus driving product demand.
 

North America UPS market is slated to cross USD 8.5 billion by 2032. The escalating rollouts of government initiatives and the adoption of emerging technologies will drive the UPS market in the region. The Federal Energy Management Program (FEMP) promotes the usage of energy-efficient products to reduce cost and environmental impacts. With the increasing government efforts toward the utilization of energy-efficient technologies, businesses are replacing their conventional systems with modern technologies that will have lesser environmental impacts and improve market performance.