Industrial UPS Market Estimated to Surpass $7.4 Billion Mark by 2026

Growing Smart Grids and Smart Meters Will Further Bolster the Industrial UPS Market

Hyderabad, India – July 22, 2021 /MarketersMedia/ —

The Industrial UPS Market is estimated to surpass $7.4 billion mark by 2026 growing at an estimated CAGR of more than 4.9% during the forecast period 2021 to 2026. The Industrial UPS Market is taking a leap towards further alliance on a global scale. Growing pervasiveness throughout the countries like U.S for more sensitive electronic products which are easily damaged by power outages, spikes and other power inconsistencies is one of the driving factor for the growth of Industrial UPS Market in American countries. The proliferation of sensitive electronic devices such as devices used in home computers to offices, factories and the need of UPS to maintain the inconsistencies in the power supply is further analyzed to provide opportunities for the Industrial UPS Market.

Industrial UPS Market Segment Analysis – By Topology

Online UPS segment dominates the Industrial UPS Market however frozen segment is set to grow at the fastest rate of 7.2%. The online UPS is the most advanced and most costly UPS. The inverter is continuously providing clean power from the battery to the computer equipment as it never receives power directly from the AC outlet. Online or double-conversion UPS is designed to deliver continuous protection against power problems as an emergency power generator. A standby UPS, also known as off-line or line-preferred UPS and are generally small in size, efficient, and easy to use and typically provide basic features of a UPS providing surge protection, automatic voltage regulation and battery backup.

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Industrial UPS Market Segment Analysis – By Application

In the past few years, Industrial UPS Market grew at rapid rate resulting from huge investments by colocation and cloud service providers. Factors such as digitization and Internet of Things have resulted in huge spending by the service providers on UPS systems to expand footprints by meeting the growing demand for computations. This has complemented huge growth rates in larger three phase power ratings UPS that are often used by colocation and cloud service providers.

Industrial UPS Market Segment Analysis – By Geography

Though the demand for the uninterrupted power source is incessantly coming from all over the world, the Asia-Pacific region (China and Japan) is currently generating the most substantial chunk, with a global demand share growing to 36.4% in 2020. The entry barrier in the UPS industry is very low and any power generator company can enter this market. This resulted in the stiff competition for UPS providers.

Industrial UPS Market Drivers

Growing penetration of industrial M2M communications

The ongoing wave of fourth industrial revolution, Industry4.0, enables machine-to-machine, machine-to-infrastructure and machine-to-human communication. With the rise in deployment of technologically advanced machines in various industries, the demand for power backup is increasing at a rapid space for uninterrupted communication between machines. The data exchanged in this communication is crucial for business operation, thus, UPS are being increasingly installed to serve as a backup power to the data storage and transmission system in the machines and infrastructure. New innovation in infrastructure technologies coupled with customer demand for more automated and self-controlled appliances will result for growth of M2M communications.

Demand for fully automated grid and smart meters will further bolster the Industrial UPS Market

For socio economic development, energy is the foundation block. A significant gap has been identified between installed energy generation capacity, demand for energy and the population growth rate across various parts of globe. To cope with the pressure of growing population, many countries across world has adopted smart metering programs and full automated grids. Smart meters generates petabytes of data over current drawn, readings, power factor, damage, pilferage and other parameters. Smart meters is also integrated with the ICT architecture to send signal or readings directly to the grid. So if there is a power failure, the meter won’t be able to send any notifications to utility. Thus there is the need for backup energy supply. So growing smart grids and smart meters will further bolster the Industrial UPS Market.

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Industrial UPS Market Challenges

Lack of Awareness of UPS Capabilities

The Industrial UPS Market is highly competitive and mature. To address this challenge, manufacturers constantly needs to upgrade their product to more technology advanced products which further meets the continuously changing demand of the end user. The major concern is to launch the new technology in the market to showcase its merits and benefits. So from the manufacturer’s perspective, the prime challenge will be to educate the market and the end user about the product.

Industrial UPS Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Industrial UPS Market. PC-Schneider, Legrand, Socomec, ABB, Eaton Corp, Vertiv, General Electric, Delta Electronics, Reillo UPS, and Huawei are considered to be the key players of the Industrial UPS Market.

Acquisitions/Technology Launches/Partnerships

In January 2021, France-headquartered Legrand group’s UPS brand in India, Numeric, announced the launch of its 3 Phase modular UPS, Keor MOD. The company said the product is designed to meet the needs of the IT, ITeS, data centres, infrastructure and healthcare industry.

In June, 2019 Fuji Electric Co., Ltd launched the 7400WX-T3U, a high-capacity uninterruptible power supply system to strengthen its overseas power supply business.

Key Takeaways

The rapidly expanding cloud computing technologies or the round-the-clock reliance on network services for ensuring business continuity is fuelling the demand for UPS.

The Industrial UPS Market is highly competitive and mature. To address this challenge, manufacturers constantly needs to upgrade their product to more technology advanced products which further meets the continuously changing demand of the end user.

Smart meters is also integrated with the ICT architecture to send signal or readings directly to the grid. So if there is a need for emergency power systems, the meter won’t be able to send any notifications to utility. Thus there is the need for power generators. So growing smart grids and smart meters will further bolster the Industrial UPS Market.

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