Demand for Power Backup Solutions Followed by Increase in Population to Drive UP
Posted by Anita on December 3rd, 2019
An uninterruptible power supply (UPS) is a device which permits computer to maintain operations for a short time once the primary power source is gone. UPS appliances also provide protection from power surges. Small UPS systems deliver power for a few minutes allowing smooth shutdown of computers in an orderly manner, while the larger one provide adequate battery for operating the system for several hours. The applications such as critical datacenters require UPS systems which can operate quickly for a short duration until electrical generators take over.
Nowadays UPS systems can also set up alerting servers to shut down in a systematic manner when an power outage occurred, and the batteries are moving out. It prevents probable origin of damage on appliances due to sudden power supply interruptions, therefore it is an is the essential need when arises to offer the smooth work operations.
According to the study, “Uninterruptible Power Supply (UPS) Market Research Report by Product Type (Off-line/standby, Line-interactive, Online/double-conversion, and Others), Application (Telecommunication, Data Centre, Data Center, Medical, Industrial, and Others), and Region (North America, Europe, APAC, and RoW)-Global Forecast to 2025” the key companies operating in the Uninterruptible Power Supply (UPS) market are PowerMan, S&C Electric Company, Delta Electronics Inc., HongBao Electric Co. Ltd., Active Power Inc., Jiangsu EKSI Electrical Manufacturing Co. Ltd., Beijing Dynamic Power Co. Ltd., Schneider Electric, Guangdong Zhicheng Champion Group Co. Ltd, Guangdong Prostar New Energy Technology Co. Ltd.
Based on type, market is segmented into off-line/standby, online/double-conversion, line-interactive, and others. The standby UPS system segment holds major share, as it is cost-efficient & more suitable for residential use. Based on output type, market is segmented into DC and AC. Based on power rating, market is segmented into 1–10 kVA, 10.1–20 kVA, 20.1–100 kVA, and 100.1 kVA & above. In addition, based on end-user, market is segmented into telecommunication, data center, refining, medical, oil & gas, IT sector, power & energy sector, petrochemical, automobile, and others. Data center segment is estimated to witness substantial growth as it generates massive volume of data during the forecast period.
The market is driven by rise in development of telecommunication industry, followed by increase in need for high-quality & efficient UPS for continuous power supply, growth in number of data centers, rise in government initiatives for industrial development, decline in lithium-ion battery prices, surge in demand for power backup solutions and increase in population. However, high maintenance cost and requirement for battery replacement & updating of components may impact the market. Moreover, increase in use of industrial UPS in the chemicals, food processing, and railway sectors is a key opportunity for market.
Based on geography, the North-American region holds major share, followed by European region in market owing to growth in demand from several end users, such as insurance, healthcare, and financial services and rise in volume of digital content in the region. The Asian-Pacific region is projected to witness higher growth rate due to increase in number of collaborative data centers and rise in concerns regarding blackout in under-developed & developing countries over the forecast period.
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Ankur Gupta, Head Marketing & Communications
+91-9015378249Also See: Power Supply, Uninterruptible Power, Ups Systems, Data Center, Ups, Power, Market
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