Modular Uninterrupted Power Supply Market Segment Analysis – By deployment
The offline/standby solution is growing at a significant CAGR of 7.2% in the forecast period, owing to growing application of such uninterrupted power supply systems in small scale and medium scale applications for computers, printers, or scanners. In addition, these are cost effective compared to that of online UPS systems. For instance, the price for luminous 1KVA offline UPS is $85, whereas the price for 1KVA online UPS is $180. Further significant surge in demand for reliable power solutions that can support large-scale manufacturing facilitates is expected to drive the uninterrupted power supply system (UPS) market growth. In addition, the growing demand for offline UPS in residential and commercial sector will further enhance the market growth in the forecast period 2021-2026.
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Modular Uninterrupted Power Supply Market Segment Analysis – By End User
BFSI sector is expected to witness a highest CAGR of 7.5% the forecast period, as this sector play pivotal role in the economic growth and stability, both at national/regional and individual level, so it requires UPS for continuous and reliable services. In addition according to the report given by US Department of Energy in 2019, brokerage and credit card operations are victims with highest average costs led by power outages, so the finance industry requires enormous computing power to trade at high speed and frequency, to analyze and react these issues, and to provide customers with constant access to services and information. Similarly, UPS systems plays a prominent role in protecting a single computer or ATM to vast systems in banking sector. Hence these factors drive the demand for Modular Uninterrupted Power Supplys in the forecast period 2021-2026.
Modular Uninterrupted Power Supply Market Segment Analysis – By Region
The global modular uninterruptible power supply market is consistently returning profits owing to the ceaseless applications of UPS in plentiful end-user industries including military, medical, telecom, commercial, datacenters, and Marine. UPSs are extremely versatile and can be used in various applications, thus their demand is expected to increase at a phenomenal level. The tremendous capability of power supply facilities along with feature like handling the load has induced a remarkable scope of industrial applications in this market. With such numerous applications, this industry is bolstering throughout the globe. The APAC region grabs the major market share for modular uninterruptible power supply market, with a global market share of around 35.2% in 2020. Suppliers in the market requires to introduce improved product to differentiate themselves and continue to grow their position for industrial end users and OEMs.
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Modular Uninterrupted Power Supply Market Drivers
Surge in demand for UPS among SMEs
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 SMEs in the U.S market alone generated around $2 billion market revenue in 2019. Moreover, SMEs are the backbone of the global. 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 is analysed to drive the market growth in the forecast period 2021-2026.
Growing R&D activities
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 center 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 bringing 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. Hence these factors are analysed to drive the market growth in the forecast period 2021-2026.
Modular Uninterrupted Power Supply Market Challenges
High Cost of Installation and Maintenance
The market for modular Uninterrupted Power Supply is highly fragmented, with a significant number of domestic and international manufacturers. High installation costs and expensive maintenance associated with UPS is a challenge for the uninterruptible power supply (UPS) market. Moreover, there is always a risk to service personnel during maintenance if they come in contact with UPS batteries while systems are online. Therefore, enterprises are sometimes hesitant to opt for UPS systems, and this factor is expected to hinder the growth of the UPS market in the forecast period 2021-2026.
Modular Uninterrupted Power Supply Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Modular Uninterrupted Power Supply Market. modularUninterrupted Power Supply top 10 companies include ABB Ltd. AMETEK, Inc., Delta Power Solutions Ltd., Eaton Corporation, Emerson Electric Co., Huawei Technologies Co., Ltd., Legrand, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG among others.
In 2020, ABB has launched Mega Flex, a compact UPS system which is up to 45 percent smaller than its rivals and aimed at markets which require UPS systems that comply with standards.
In 2020 Schneider Electric has introduced Easy UPS 3L, the newest part of the Easy UPS 3-phase Uninterruptable Power Supply (UPS) range, extending the medium range to 500 and 600 kVA (400V) for external batteries.
The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Modular Uninterrupted Power Supply Market in APAC.
The offline/standby solution is growing at a significant CAGR of 7.2% in the forecast period, owing to growing application of such uninterrupted power supply systems in small scale and medium scale applications for computers, printers, or scanners
BFSI sector is expected to witness a highest CAGR of 7.5% the forecast period, as this sector play pivotal role in the economic growth a
stability, both at national and individual level, so it requires UPS for continuous and reliable services
Growing demand for the systems from edge and micro data centers has encouraged manufacturers to develop advanced systems.
Manufacturers are continuously focusing on R&D to develop new and effective Uninterrupted Power Supply to meet consumer demand. These advancements bringing greater efficiency and modularity to UPSs, along with a reduced footprint, improved connectivity and a lower total cost of ownership.
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B. Data Storage Market
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