The integrated UPS market is projected to have an average-paced CAGR of 5% during the forecast period. The current valuation of the market is USD 11.3 Billion in 2022. The market value of the integrated UPS market is anticipated to reach a high of USD 18.41 Billion by the year 2032. A historical market valuation of USD 10.76 Billion has been recorded in the analysis conducted by Future Market Insights.
Report Attribute | Details |
---|---|
Integrated UPS Market Value (2022) | USD 11.3 Billion |
Integrated UPS Market Anticipated Value (2032) | USD 18.41 Billion |
Integrated UPS Market Projected Growth Rate (2022 to 2032) | 5% |
Developments in various end user industries are fuelling investments in industrial uninterruptible power supply (UPS) systems to minimise production losses and extortions to plant security due to power disruption. Uninterruptible Power Supplies (UPS) are the definitive form of power conditioning. The devices when correctly applied, can offer complete power conditioning for all power quality problems up to and including a comprehensive power outage.
There are many past attempts at resolving electrical problems with dispersed or local solutions, such as employing small UPS system on the controls portion of machines or by placing energy storage devices on the DC bus of the motor controllers. More lately, the industrial market has turned to centralized UPS systems providing power quality and ride-through energy storage to keep industrial and manufacturing facilities running smoothly.
Ever growing levels of automation is motivating the users have another look at factory efficiency. The industrial sector is using UPS systems for ensuring no disruptions at the time power outages and voltage transients or sags which can cause significant equipment damage or inventory loss, in turn rising the demand of UPS systems which is resulting in the growth of global integrated UPS market.
With the benefits, the UPS systems are a speedily rising power conditioning segment. There are numerous applications where a UPS is a prerequisite, due to the necessity for uninterrupted, high quality power.
Along with the growing concerns over safety and power failures, integrated UPS have become an important and vital part which allows applications in meeting exact power requirements, in turn raising the demand for it and consecutively growing the global integrated UPS market.
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The integrated UPS market is witnessing a considerable surge in market shares over the recent few years. Owing to the facility of redundant power protection and flexible adaption to power, UPS are having high application across diverse factories. It is analyzed that automation facilities are stirring up the demand for integrated UPS across the globe.
Due to the high employment of UPS systems in the industrial sector, the market shares are likely to surpass a valuation of approximately USD 14 Billion in the upcoming 5 years. The demand to protect the systems from disruptions at instances of voltage transients and power outages is identified as a key growth propellant in the integrated UPS market.
The integrated UPS systems are making allowance for industries to reach the exact power requirements. The surge in expenditures made by the IT sectors across the developing countries and growth in the number of data centers are resulting in higher sales of computers, which in turn is expected to fuel the sales of integrated UPS systems in the forthcoming years.
Furthermore, simple maintenance and easy installation facilities, and delivery of power without breaks for extended periods are likely to lead to accruing more market shares through 2032. Although the market is having healthy growth, the initial installation charges involved and the cost of energy can serve as major restraints in the long run.
In addition to that, small-scale industries across the globe are lacking awareness about integrated UPS systems over conventional UPS. It is identified that departmental stores, education centers, and various start-ups are making a considerable contribution to the growth of the market. Owing to the rise in demand for data management, the key manufacturers in the integrated UPS industry are expanding their production capabilities to upkeeping up with the market demand.
Due to the existence of numerous international and regional companies, the market for integrated UPS is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.
The growing need of high-end industrial UPS systems in niche industrial applications is pushing the end users to invest in and deploy high end integrated industrial UPS systems, subsequently growing the global integrated UPS market. The demand is growing in industrial niche applications and is one of the biggest driver for the increasing demand of the integrated UPS and global integrated UPS market dispersion.
In addition, increasing IT spending and growing data centres worldwide coupled with continuing growth in PC sales in the APAC region, is boosting demand for UPS systems, globally and facilitating integrated UPS market growth.
The additional benefits such as easy installation and maintenance, delivery of true sine wave power without breaks for extended periods, or continuous filtering of surges and transients for supplying clean electricity and can be some of the drivers for the global integrated UPS market.
Despite of being simple, compact, robust and reliable source of power the integrated UPS suffers from some challenges such as cost requirements such as startup cost and energy cost can restrain the global integrated UPS market from growing.
The global integrated UPS market is projected to register a favourable growth for the forecast period, 2015?2025. APAC is projected to withstand its control on the global integrated UPS market. The widening energy demand-supply gap is expected to increase UPS adoption, in APAC countries, over the next five years, which will result in growing integrated UPS market globally.
The region is anticipated to uphold its dominance in the global integrated UPS market due to consistently growing demand for UPS systems from developing economies such as China and India. North American and Europe is expected to follow the Asia market in terms of growth in global integrated UPS market.
Some of the key market participants in global integrated UPS market are TEAL Electronics, ABB, Emerson Electric, Huawei, GE, Schneider Electric among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The market is likely to register a CAGR of 5% through 2032.
The market is currently valued at USD 11.3 Billion in 2022.
The market is likely to grow to a valuation of USD 18.41 Billion by 2032.
Asia Pacific is likely to be a leading market during the forecast period.
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