Green uninterruptible power supply (UPS) is an electrical device or tool specifically used to offer continuous power supply during power outage or electricity shortage. The green UPS design reduces the power consumption of UPS systems up to 75% compared to the traditional UPS models. In the conventional UPS, a lot of electricity is wasted in the transformer in the form of heat, which mostly increases the operational cost. Green UPS has superior tracking and thermal design system that helps to reduce overall power consumption. They can be powered by means of solar panels. Therefore, they save the extra power from consumption. These UPS play key function in many data centers, healthcare, finance, telecommunication industries, and small & medium-sized companies throughout the globe. They save the computer from any internal or external damage. UPS saves the data from getting erased by means of offering non-stop supply of electricity. The primary benefit of the use of green UPS is that it reduces heat generation in the device, which is an advantage associated with environmental concern. The growing demand for electric power worldwide leads to increasing demand for green UPS.
COVID–19 scenario analysis
The coronavirus pandemic has reduced the demand for various industries across the globe. The pandemic has made people to stay indoors to prevent the spread of the virus. The government lockdown has reduced the overall demand for consumer goods across the globe. The lockdown has forced to shut down manufacturing plants and retail outlets, which further reduce the demand for electronics appliances. Moreover, supply chain disruption has created difficulties for electronics appliance manufacturers.
Top impacting factors: Market scenario analysis, trends, and drivers
Rising environmental issues, growing energy cost across the globe, and growing demand for renewable & clean power resources are the key factors anticipated to accelerate growth of the global green UPS market over the forecast period. Growing power demand, increasing infrastructure investments, and frequent voltage interruptions are some of the key elements driving the growth of the market. Furthermore, developing information technology industry, rapid industrialization in many nations, and growing number of data centers across the globe are important factors driving the growth of the market. Moreover, growing technological innovations and developments predicted to offer market growth opportunity for manufacturers throughout the globe are anticipated to result in high growth of the market over the forecast period. However, lack of awareness about green UPS technology among people and rising cost of raw material are key factors predicted to restraint the growth of the global market.
By region, the global green UPS market is segmented to North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa. The green UPS market in North America accounted for maximum sales proportion, followed by the market in Europe over the forecast period. The factors related to this growth consist of high presence of data centers and rise in number of diverse industries, which are the primary contributors to the market growth. The Asia-Pacific market is predicted to register substantial increase in the global market as a result of increasing demand for eco-friendly power saving system and growing government tasks to reduce power consumption in countries in this region.
Key benefits of the report:
- This study presents the analytical depiction of the global green UPS market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global green UPS market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global green UPS market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Green UPS Market Report Highlights
By KVA Rating
Key Market Players
General Electric Company, Emerson Network Power Inc, Rittal Corporation, CyberPower Systems Inc., Eaton Corporation PLC., Numeric Power Systems Pte. Ltd, SOCOMEC Group S.A., Falcon Electric Inc., Tech Data Corporation, Smart Power Systems, Inc.