UPS Market By New Business Developments, Innovations, And Top Companies

Posted by Sakshi Mishra on February 26th, 2020

According to a new market report on UPS, published by Transparency Market Research, the global UPS market is expected to reach US$ 10,745.9 Mn by 2026, expanding at a CAGR of 7.8% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 8.3% through 2026.

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Growing frequency of power fluctuations driving the global UPS market

Due to growing electricity failures, adoption rate of UPS has increased in order to protect various electronic equipment. Power failures are critical in areas where environment and public safety are at risk including hospitals and industrial areas. Hence, these sectors primarily concentrate on power backups in order to protect sensitive equipment from the adverse effects of grid power fluctuations.

UPS Market: Scope of the Report

The global UPS market is broadly segmented by type, kVA range, application, and region. By type, the UPS market can be segmented into online, offline, and line interactive. The online segment is anticipated to be the highest revenue contributing segment in 2018 with 73.83% of total market revenue and is expected to rise at a significant CAGR of 8.0% over the forecast period. In terms of kVA range, the market has been divided into less than 5 kVA, 5.1-20 kVA, 20.1-60 kVA, 60.1-200 kVA, and above 200 kVA. In 2017, the 20.1-60 kVA range segment was the topmost revenue generating segment due to its high adoption in data centers. Based on application, the global UPS market has been segmented into data center & facility UPS, industrial UPS, marine UPS, network, server & storage UPS, PC, workstation & home UPS, and others. In 2016, data center & facility UPS segment was the highest revenue generating segment and is estimated to expand at a significant CAGR of 7.8% over the forecast period from 2018 to 2026.