The global Uninterruptible Power Supply (UPS) Systems market estimated at US$11.2 billion in the year 2022 is now projected to grow at a CAGR of 5.38% and reach US$15.3 billion by 2028.
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.
North American uninterruptible power supply (UPS) systems market is expected to grow significantly over the forecast period. This growth can be attributed to growing telecommunication and cloud-based services in the U.S. and Canada. U.S. contributed around 78% of the total North American UPS systems market and is estimated to have a market value of US$3 billion in the year 2022. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 4.79% and 3.51% respectively over the 2022-2028 period.
Asia-Pacific UPS systems market is anticipated to witness an upsurge owing to the rising number of collaborative data centers in developing nations such as India and China. The exponential rise in population has led to the expansion of power, manufacturing, food and beverages, and all other industries in the region which has directly increased the demand for uninterrupted power supply and therefore UPS. China is expected to dominate the Asia-Pacific market and reach a market size of US$2.60 billion by 2028.
Within Europe, Germany, Italy and France are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 5.53% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players profiled in the report include ABB Ltd.; CyberPower Systems, Inc.; Delta Electronics, Inc.; East Group Co., Ltd.; Eaton Corporation Plc; Emerson Electric Co.; Fuji Electric Co., Ltd.; Guangdong Prostar New Energy Technology Co. Ltd; Huawei Technologies Co. Ltd.; Kehua Tech; Legrand; Numeric Power Systems Ltd.; Luminous Power Technologies Ltd; Microtek International Private Ltd; Piller Group GmbH; RPS Spa; Schneider Electric; APC; Shenzhen KSTAR Science and Technology Co., Ltd.; Shenzhen SORO Electronics Co., Ltd; Socomec Group; The Mitsubishi Electric Group; Toshiba International Corporation; Tripp Lite; Vertiv Group Corp. and Xiamen Kehua Hengsheng Co., Ltd., among others.
Research Methodology
