The UPS market is estimated to grow at a steady pace over the coming years owing to increasing digitalization and advancements in the urban and industrial sector. Uninterruptible Power Supply (UPS), which is also referred to as battery backup, is an electrical device that provides backup power in case of failure of the main input power source or an extremely low voltage drop. The device holds key importance in applications like data centers and networking infrastructures that require the need to maintain continuous power for steady operations.
Several companies specializing in UPS technology are focusing on the development of new and advanced products and solutions for diverse industries. For example, in 2019, power management company, Eaton announced the launch of its 5P rackmount lithium ion UPS which enhances business continuity for distributed IT and edge computing environments, in North America. The product is said to yield an integrated solution with extended battery life, enhanced network security, and remote management capabilities.
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The online UPS component segment would foresee significant growth since it protects the equipment against spikes, power surges, dips, as well as failures inside data center. Online UPS provides an electrical firewall between the network equipment and the main power using its double conversion design.
These systems are also observing increasing deployment as they can control the output frequency and voltage irrespective of the input frequency and voltage, thus maintaining the productivity of the system. These beneficial features of the systems have resulted in its rising adoption across healthcare, telecom, as well as data center operators to ensure that the equipment is well protected.
With respect to the application segment, the healthcare applications are observing a rising demand for UPS systems, particularly due to the elevated demand for running medical equipment uninterrupted and continuously. The UPS systems are also observing increasing deployment in the sector to safeguard crucial electronic data.
While healthcare facilities are generally equipped with big-capacity emergency power generators, these generators, however, take considerable time to provide electricity across a facility. In such cases, a small moment of power disruption could be fatal to patients under critical care and are having surgery. The installation of UPS systems allows healthcare facilities to safeguard sensitive and costly equipment from damage that is caused by power brownouts or voltage surge.
Meanwhile, apart from the healthcare sector, the increasing popularity and adoption of the IoT enabled smart devices like smartphones, smart voice-assistant speakers, and smart TVs are creating a favorable outlook for the overall UPS market landscape from the residential sector.
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Europe UPS market is witnessing significant growth owing to rapid industrialization. With numerous IT technologies being adopted by various companies, the demand for efficient power backup solutions could swell over the coming years.
Countries such as the UK, Germany and France comprise of some of the world’s leading automobile manufacturers like BMW, Audi and Porsche. Escalating focus of automakers to enhance their manufacturing capabilities could support the demand for UPS systems.
The competitive landscape of the global UPS market is inclusive of players such as Toshiba Corporation, Vertiv, Co., Huawei Technologies Co., Ltd., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, Eaton Corporation, and ABB Ltd. among others.
Major Key Points from Table of Content:
Chapter 5. UPS Market, By Component
5.1. Key trends by component
5.2.1. UPS market estimates and forecast, 2015 – 2025
5.2.2. Standby (off-line) UPS
126.96.36.199. Market estimates and forecast, 2015 – 2026
5.2.3. Line interactive UPS
188.8.131.52. Market estimates and forecast, 2015 – 2026
5.2.4. Online UPS
184.108.40.206. Market estimates and forecast, 2015 – 2026
5.3.1. Market estimates and forecast, 2015 – 2026
220.127.116.11. Market estimates and forecast, 2015 – 2026
18.104.22.168. Market estimates and forecast, 2015 – 2026
Chapter 6. UPS Market, By Application
6.1. Key trends by application
6.2.1. UPS market estimates and forecast, 2015 – 2026
6.3. Data centers
6.3.1. Market estimates and forecast, 2015 – 2026
6.4.1. Market estimates and forecast, 2015 – 2026
6.5. IT & Telecom
6.5.1. Market estimates and forecast, 2015 – 2026
6.6.1. Market estimates and forecast, 2015 – 2026
6.7. Media & entertainment
6.7.1. Market estimates and forecast, 2015 – 2026
6.8.1. Market estimates and forecast, 2015 – 2026
6.9.1. Market estimates and forecast, 2015 – 2026
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