Modular UPS Market – Overview
A modular UPS or uninterruptible power supply is a device which provides emergency electric power in case of disruptive power shutdown. Market Research Future (MRFR) has recently published a report on the Modular UPS Market, covering the essential accruals of the market based on pertinent trends and patterns that can affect the market over the forecast period of 2017-2023. As per MRFR’s analysis, the Covid-19 Impact on Modular UPS Market is poised to reach USD 4 Bn at a CAGR of 14% during 2017-2023.
Modular UPS provides various advantage such as high scalability, which has evoked burgeoning demand for modular UPS from diverse verticals such as education, healthcare, government, and others. Major industry giants are exploiting on the opportunity provided by the market and are outlaying massive funds on the development of the technology, which is likely to push the market forward over the forecast period.
Fast-track industrialization and augmenting need for uninterrupted power supply across diverse industries have been key to market growth. Speedy expansion of interrelated industries such as telecommunications and data centers has also proven to be fruitful for the modular UPS market growth. The need to protect sensitive and costly devices from abrupt power failure has induced heavy demand within the modular UPS market as damage to devices can prove to be prohibitively costly in these industries. Proliferating IT industry in developing regions of the globe has added fuel to the growth of the market.
Other factors which are nurturing the market growth include rising automation across industries which demands uninterrupted power supply and falling prices of electronic components such as batteries, super-capacitors, and others.
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Conversely, the growth of the market is at threat from major bottlenecks, which include high costs aligned with the installation and maintenance of UPS. Moreover, increasing improvement of power infrastructure in various regions and growing reliability of power sources has reduced the need for backup power. Furthermore, the lack of awareness regarding the benefits of UPS in certain regions can constrain market growth over the forecast period.
The prominent players in modular UPS global market are – ABB Group (Switzerland), Emerson Electric Co. (U.S.), Eaton Corporation PLC (Ireland), Huawei Technologies Co. Ltd. (China), Schneider Electric SE (France), General Electric (U.S.), Delta Electronics, Inc. (Taiwan), Gamatronic Electronic Industries Ltd. (Israel), Riello Electronica Group (Italy), Tripp Lite (U.S.) among others.
Market Research Analysis:
The regional analysis of modular ups market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that Asia Pacific is estimated to account for the largest share of the market, followed by North America and Europe to grow at the fastest rate during the forecast period. The major growth in modular UPS market in Asia Pacific is attributed to technological advancements and developing economies in the countries like China, Japan and India in the region.
Modular UPS Market Segmentation
The modular UPS market has been segmented on the basis of component and vertical. The component segment is bifurcated into solution and services. The solution segment is further bifurcated into 10-100 kVA, 101-250 kVA, 251-500 kVA, and above 500 kVA. The modular UPS is known to provide energy efficient and high performance solutions. The modular UPS solutions are cost efficient and are also low maintenance. This is one major factor driving the growth of modular UPS market.
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TABLE OF CONTENTS
LIST OF FIGURES
Figure 1 Research Type
Figure 2 Modular Ups Market, By Component (%)
Figure 3 Modular Ups Market, By Vertical (%)
Figure 4 Modular Ups Market, By Regions (%)
Figure 5 North America Modular Ups Market, By Component (%)
Figure 6 North America Modular Ups Market, By Vertical (%)
Figure 7 Europe Modular Ups Market, By Component (%)
Figure 8 Europe Modular Ups Market, By Vertical (%)
Figure 9 Asia-Pacific Modular Ups Market, By Component (%)
Figure 10 Asia-Pacific Modular Ups Market, By Vertical (%)
Figure 11 Rest Of The World Modular Ups Market, By Component (%)
Figure 12 Rest Of The World Modular Ups Market, By Vertical (%)
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