Modular Uninterruptible Power Supply (UPS) Market

Global Modular Uninterruptible Power Supply (UPS) Market Outlook

The modular uninterruptible power supply (UPS) market is predicted to grow at an impressive CAGR of 9.2% during the forecast period covering 2022 to 2032. The modular uninterruptible power supply (UPS) market share is estimated to reach a value of nearly US$ 11 Billion by 2032, expanding from US$ 4 Billion in 2021.

Attributes	Details
Modular Uninterruptible Power Supply (UPS) Market Share (2021)	US$ 4 Billion
Modular Uninterruptible Power Supply (UPS) Market Size Value (2022)	US$ 5 Billion
Modular Uninterruptible Power Supply (UPS) Market Size Value (2032)	US$ 11 Billion
Modular Uninterruptible Power Supply (UPS) Market Growth Rate (2022-2032)	9.2%
Modular Uninterruptible Power Supply (UPS) Market Key Players	Schneider Electric Huawei ABB Eaton Emerson Legrand Vertiv Rittal among others.

Modular uninterrupted power supply or Modular UPS system provides flexible and reliable power protection as the modular approach allows the UPS power to be dynamically adapted to fluctuating power demands. Apart from that, the major advantage driving the sales of modular uninterruptible power supply (UPS) is while the system is functioning, it can be upgraded in only a few minutes.

The running load distribution is automated among all system modules, allowing for greater demand for modular uninterruptible power supply (UPS) among industrial consumers. These above-mentioned facts are some of its benefits and are basically propelling the modular uninterruptible power supply (UPS) market growth.

Global Modular Uninterruptible Power Supply (UPS) Market Historical Analysis (2015-2021) Vs. Forecast Outlook (2022-2032)

The year-on-year growth rate of the market, as maintained by modular uninterruptible power supply (UPS) market analysis, is figured out to have dropped marginally from the previous time period. The previous modular uninterruptible power supply (UPS) market report for the years covering 2015 to 2021 recorded a higher growth rate of 10%.

The COVID-19 epidemic has had a severe detrimental influence on the market for modular uninterruptible power supplies (UPS). The closure of most government, energy, and other private sector businesses impacted the modular uninterruptible power supplies (UPS) industry from both demand and supply fronts.

Due to global lockdowns, the COVID-19 pandemic caused business continuity issues in a variety of industries, including construction, real estate, information technology (IT), healthcare, and the manufacturing sector, with decreased demand. Frequent interruptions in the running of these types of business units are supposed to have lessened the sales of modular uninterruptible power supplies (UPS) in various sectors alongside.

What is the Future of Global Modular Uninterruptible Power Supply (UPS) Market?

“The growing demand for cloud services and data centre deployments throughout the world is anticipated to open up new business opportunities for modular uninterruptible power supplies (UPS) manufacturers.”

The need for using cloud servers and colocation service providers has expanded as a result of rapid development and urbanization throughout the world, which has implicitly fuelled the demand for the modular uninterruptible power supply (UPS) in regional markets. Government rules and policies to promote start-ups and modernise the existing industrial facilities as well have created a favourable ground for modular uninterruptible power supply (UPS) market adoption trends.

Small and medium sized enterprises or SMEs account for the majority of the country's GDP with the majority of these businesses relying on hardware to supply services to their clients. Disruption in power supply has the potential to create a devastating effect for the company profile. In line with this fact, education sector, retail shops, and start-ups in numerous industries are all important contributors for the modular uninterruptible power supply (UPS) market growth.

Government efforts to use online banking in favour of reducing non-legal transactions and promote the use of electronic currency are being driven by technological advancements and internet data security throughout the world. The availability of these applications, as well as government backing for the development of a cashless economy, would give sufficient prospects for development of national data centres and indirectly for market modular uninterruptible power supply (UPS) market trends and opportunities.

During the projection period, the above-mentioned uses, as well as SME owners knowledge of the benefits of modular UPS systems, are anticipated to create significant chances for the global modular UPS market to flourish.

What are the Several Constraints Experienced for the Modular Uninterruptible Power Supply (UPS) Market Growth?

There is a dearth of knowledge among small businesses throughout the world about the benefits of modular UPSs over traditional UPSs, which is expected to limit the growth of modular uninterruptible power supply (UPS) market trends to certain degrees.

Also, the requirement for regular maintenance for these UPS systems is found by the modular uninterruptible power supply (UPS) market survey to be the major restraining factor for individual users. The risk of service personnel getting injured while doing maintenance services while the system has also surfaced as a major concern against the adoption of the modular uninterruptible power supply (UPS) market in existing markets.

Region-wise Analysis

How is the Performance of the U.S. in the Modular Uninterruptible Power Supply (UPS) Market?

The U.S. is the most important region for the modular UPS industry. According to the modular uninterruptible power supply (UPS) market analysis, it stands at almost US$ 1.6 Billion in the current year 2022. These systems are in great demand throughout the area, particularly in the IT and telecommunications, healthcare, and industrial industries rendering US modular uninterruptible power supply (UPS) market also to be the fastest-growing market at 9.7%.

Owing to the presence of several multinational companies in this country having a broad customer base, there is a higher need for data centres and colocation services, which in turn drives the sales of modular uninterruptible power supply (UPS) market players. Moreover, technologically sophisticated nations like the United States and Canada account for the biggest modular uninterruptible power supply (UPS) market size with greater demand from local data service centres.

What is the Modular Uninterruptible Power Supply (UPS) Market Outlook for China?

As reported by the new market research report on the modular uninterruptible power supply (UPS) adoption trends, the global market is steadily getting dominated by the Asia Pacific region. In this area, Japan, South Korea, India and China are prominent participants in the data centre industry.

China, having more than 87 colocation data centres in its 27 provinces, is the leading modular uninterruptible power supply (UPS) market in this region. The current valuation of the China modular uninterruptible power supply (UPS) market is estimated to be around US$ 300 Million and is predicted to register the second-highest growth rate of 9.4% over the forecasted timeframe.

Other than that, Japan and South Korea are also the two leading countries gaining traction continuously, as inferred from the modular uninterruptible power supply (UPS) market statistics. Japan accounts for almost US$ 300 Million, while South Korea accounts for US$ 200 Million of the total revenue generated by the global modular uninterruptible power supply (UPS) market.

Category-wise Outlook

What is the Growth Outlook for the Modular Uninterruptible Power Supply (UPS) Market According to Different Segments?

During the projection period of 2022 to 2032, the 51-100 kVA solution is expected to continue as the biggest segment in the Modular UPS market. Because they enable efficient maintenance, higher scalability, and enhanced services, the modular uninterruptible power supply (UPS) systems in this range of 51 kVA to 100 kVA are frequently utilised by different Banking, Financial Services, and Insurance or BFSI service providers, small and medium-sized data centres, cloud service providers, and telecommunication operators.

These 51 to 100 kVA systems provide a number of advantages, including better usability, simple installation and capacity extension, hassle-free maintenance, and on-demand capacity growth, all while enhancing corporate productivity. Owing to these factors, this segment of the modular uninterruptible power supply (UPS) market share is projected to witness the highest growth rate of 9.2% in the upcoming days.

Which Vertical Segments are the Major End Users of the Modular Uninterruptible Power Supply (UPS) Market?

In accordance with reports published by modular uninterruptible power supply (UPS) market demand analysis, the market is getting increasingly dominated by the BFSI sector.

The demand for modular uninterruptible power supply (UPS) in this sector accelerated as a result of rapid modernization and widespread use of the internet in banking, financial services, and insurance services, where various data processing and services systems are connected to commercial banks to provide the best possible service to customers.

Large businesses are more likely to choose modular battery backup systems and services, and this trend is predicted to also continue over the projection period of 2022 to 2032 with an estimated growth rate of 9.3%. Large organizations benefit from such systems essential for continuous power supply with various power range modules making it the largest end-user vertical segment for the modular uninterruptible power supply (UPS) business.

How Strong is the Competitive Landscape for the Modular Uninterruptible Power Supply (UPS) Market?

Some of the renowned modular uninterruptible power supply (UPS) market key players operating in the market includes Schneider Electric, Huawei, ABB, Eaton, Emerson, Legrand, Vertiv, and Rittal among others.

As huge corporations spend extensively in modern technology in order to boost their total production and efficiency, large organisations are investing heavily to develop versatile, adaptable, and easy services. Such encouragement is projected to push modular uninterruptible power supply (UPS) market participants to create novel technologies and solutions and further strengthening the competition.

Recent Developments in the Global Modular Uninterruptible Power Supply (UPS) Market

• Power Distribution Corporation is an US based supplier of mission-critical power distribution, static switching, and power management equipment and services provider for data centres, industrial, as well as commercial clients. It was bought by Eaton Company in February 2020 that is anticipated to help in expansion of the company's data centre power distribution and monitoring solutions besides increasing the adoption of modular uninterruptible power supply (UPS).
• Huawei Company debuted its UPS power module globally in the month of February of 2020. With this launch, a single module's power density may approach 100 kW/3 resulting in popularizing the Company products for data centre usage and profit generation.

Key Segments

• By Component :

  • Solution
    • 50 kVA and Below
    • 50 kVA to 100 Kva
    • 100 kVA to 250 kVA
    • 250 kVA to 500 kVA
    • 500 kVA and above
  • Services
    • Training, Education and Consulting
    • Integration and Implementation
    • Support and Maintenance

• By Organizational Size :

  • Large Enterprises
  • Small and Medium Sized Enterprises

• By End Use Verticals :

  • Banking, Financial Services, and Insurance (BFSI)
  • Cloud Services and Colocation Providers
  • Telecommunication
  • Manufacturing
  • Healthcare
  • Energy and Utilities
  • Government and Public Sector
  • Education
  • Retail
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)