Allied Market Research
Loading...
0

Modular UPS market Size Expected to Reach $7.5 Billion by 2030

 

Report Code : A14229

quote Rapidly growing importance for the data management in the IT sector and security management from the government services to protect the national borders and people from threats; The increase in the awareness of health care and the presence of huge population led to the data management such as hospital information system to give better treatment for the patients in very less time. The decrease in the natural resources such as oil & gas and water sources led to the investments from the government to streamline and maximize the natural resources; in addition to this development of banking facilities and insurance through telecommunication services led to increase in the usage of data centers. The application of data centers in the above-mentioned sectors is expected to create potential opportunities for the modular UPS market during the forecast period. quote

Eswara Prasad
Manager, Energy and Power at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Modular UPS market by Organization size, by Power Capacity and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030," the global modular UPS market size was valued at $3.5 billion in 2020, and modular UPS market forecast projected to reach $7.5 billion by 2030, with global modular UPS market forecast expected at a CAGR of 8.1% from 2021 to 2030.

In modern society telecommunication sector has become a part of life with the application of Internet of Things (IoT) which led to the development of internet-based business such as banking, e-commerce, and others; that led to the demand for power consuming data servers; hence driving the growth of the market as they are used as energy backup devices. Telecommunication companies that maintain the infrastructure in addition to data storage and backup, also depend on uninterruptable power supply (UPS) systems to ensure the landline, internet and mobile communication function nationwide. In the age of digitalization and the networking of companies and households, the supply of the country with internet and mobile communications is a crucial factor which is contributing to the growth of the modular UPS market.

Lack of awareness among the small-scale manufacturing industries and the need for high capital expenditure and operational expenditure are major restraining factors for the growth of the market. Modular UPS systems require large cabinets to house modules that allow expansion and also need monitoring software for stable operation. Modular UPS systems require the client to know the power capacity of businesses to utilize the actual benefits. Modular UPS models and batteries require regular maintenance which requires high cost. There is also a risk to service personnel during maintenance when they come in contact with the UPS while the equipment is online. These factors hamper the growth of the modular UPS market during the forecast period.

The need for stable power for specific manufacturing process such as in semiconductor industries has increased the demand for uninterruptable power supply systems. The increase in the demand for the electronic gadgets across the globe has a positive impact on the semiconductor manufacturing industries and rapid breakthrough in IoT and artificial intelligence and their application in the manufacturing sector is anticipated to provide ample opportunities for the growth of the modular UPS market.  

The global modular UPS market is segmented on the basis of organization size, capacity, end use, and region.

On the basis of organization size, the global modular UPS market is segmented into large enterprises, and small & medium enterprises. By capacity, it is classified into less than 100 KVA, 101 KVA – 500 KVA, and more than 501 KVA. The end use introduced in the study includes BFSI, cloud service and colocation providers, telecom, healthcare, energy and utilities and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and Asia-Pacific.

The major companies profiled in this modular UPS industry include ABB, AEG Power Solutions, Eaton, Emerson Electric, Schneider Electric, Huawei, Delta Electronics, Gamatronic, Tripp-Lite, and Toshiba International Corporation. Due to rapidly increasing demand in the demand for data management electronic equipment such as data centers and on-going infrastructure development in developing countries towards digitalization led the key manufacturers expand their Modular UPS production capacities in order to meet market demand across the globe. Additional growth strategies such as acquisition, partnership, product launch and business expansion strategies are also adopted to attain key developments in the modular UPS market trends.

Impact Of Covid-19 On The Global Modular Ups Market

  • The COVID-19 pandemic has negatively impacted the modular uninterrupted power supply (UPS) market.
  • The shutdown of most of the government, energy and other sector corporate enterprises has great impact on the development of the market.
  • The COVID-19 pandemic has posed business continuity challenges among various sectors which includes construction, real estate, IT, healthcare, and manufacturing, owing to global lockdowns.
  • Majority of world’s population have obeyed the strict regulations and containment measures of the respective government during the pandemic situation led to lack of employees in manufacturing plants have shut down or running at lower capacity, while reducing the output.
  • Thus, the abovementioned factors are expected to have negative impact on the global modular UPS market growth in this forecast period.

Key findings of the study

  • Region wise, the Asia Pacific is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
  • As per modular UPS market analysis, by capacity, less than 100 KVA accounted for the largest share in 2020.
  • On the basis of organization size, the large enterprises segment accounted for the largest share in 2020.
  • On the basis of end use, the BFSI segment was the major share contributor in 2020.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Modular UPS Market by Organization (Large Enterprise, and Small & Medium Enterprise), Capacity (less than 100 KVA, 101 KVA and 500 KVA, and more than 500 KVA) and End Use (BFSI, Cloud Service and Colocation Providers, Telecom, Healthcare, Energy & Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,045 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Modular UPS market Size Expected to Reach $7.5 Billion by 2030"
Purchase Enquiry