Global Uninterrupted Power Supply System Market Outlook - Forecast Trends, Market Size, Share and Growth Analysis Report (2024-2032)

Global Uninterrupted Power Supply System Market Growth

An uninterrupted power supply (UPS) system is an electronic system that is used to get a temporary supply of power in the event of a power outage. Its primary purpose is to ensure that critical equipment and devices continue to receive power, allowing them to operate without interruption.

The uninterrupted power supply system market dynamics and trends are driven by the integration of smart technologies. Innovations like IoT (Internet of Things) and artificial intelligence (AI) are transforming UPS systems by enabling self-monitoring, predictive maintenance, and remote management, thereby improving their performance and reliability.

Global Uninterrupted Power Supply System Market Analysis

The proliferation of cloud-based services and the expansion of data centre infrastructure have significantly enhanced the uninterrupted power supply system market demand. Data centres are an organisation’s most asset, and they are increasingly focused on ensuring the proper functioning of the system. UPS systems are critical for preventing the loss of critical data and ensuring uninterrupted operations in such areas.

A key trend in the uninterrupted power supply system market is the rising adoption of multi-mode UPS systems. These advanced units feature multiple operational modes that enhance energy efficiency and power protection tailored to specific conditions. By automatically switching modes according to input power quality, multi-mode UPS systems optimize both performance and energy use, driving growth in the uninterrupted power supply system industry.

Uninterrupted Power Supply System Industry Outlook

US data centre power consumption is set to grow at a robust 10% annually until 2030, with power usage increasing from approximately 5 gigawatts in 2014 to over 30 gigawatts by 2030. The growth rate peaked at 13% CAGR between 2014 and 2020, stabilising at 9.6% and 8.7% in subsequent periods. Enterprises currently account for the largest share of consumption, though their dominance is gradually diminishing as co-location companies and hyperscalers expand their footprints. Hyperscalers are experiencing significant growth, indicative of their rising importance in the data centre landscape. This shift highlights a dynamic sector adapting to increased digital demand and advanced computing needs, driving the uninterrupted power supply system market revenue.

In 2022, the United States dominated hyperscale data centre capacity, holding 53% of the global share, followed by Asia Pacific with 26% and Europe at 16%. The global data centre transaction volume reached approximately USD 13 billion, maintaining the high levels seen in 2021. The breakdown of transactions shows a significant portion attributed to entity-level deals, reflecting strategic consolidations in the market. Single-asset deals have notably influenced the uninterrupted power supply system industry revenue, reflecting a strong demand for individual data centre properties. Additionally, portfolio transactions stayed strong, signalling ongoing investment in a diverse range of data centre assets.

By delivering reliable power during outages, uninterrupted power supply system ensure continuous operations and safeguard sensitive equipment, which drives growth in the uninterrupted power supply system industry.

• Innovations in UPS technology, such as lithium-ion batteries and smart features, enhance efficiency and performance.
• Increasing reliance on digital infrastructure and critical systems drives demand across sectors like healthcare, IT, and telecommunications.

The upfront investment for UPS systems can be significant, potentially limiting adoption for smaller businesses.

• Regular maintenance and battery replacements are needed, adding to operational costs.
• UPS systems may not provide long-term power during extended outages, requiring supplementary solutions.

Expansion in developing regions offers new growth opportunities due to increasing industrialisation and infrastructure development.

• Growing emphasis on sustainable solutions presents opportunities for eco-friendly UPS options, such as energy-efficient and recyclable systems.
• Incorporating IoT and smart technologies can enhance monitoring, management, and predictive maintenance, adding value to UPS systems.

Intense competition from established and new players can impact uninterrupted power supply system market.

• Rapid technological advancements may lead to faster obsolescence of current UPS models.
• Economic fluctuations could affect capital expenditure on UPS systems, particularly in sectors facing budget constraints.

Key Players in the Global Uninterrupted Power Supply System Market and their Key Initiatives

ABB Ltd.

• Enhanced UPS systems with innovative energy storage solutions to meet the growing demand of the uninterrupted power supply system market.  
• Invested in smart grid technology integration.

Schneider Electric SE

• Sustainable UPS solutions to enhance energy efficiency and reduce carbon footprint. 
• Invested in digital technologies for advanced monitoring and management.

Mitsubishi Corp.

• Introduced innovative energy storage and management technologies. 
• Focused on integrating renewable energy sources with UPS systems.

Eaton Corporation plc

• Integrated UPS technology with energy-efficient solutions to capture the uninterrupted power supply system market opportunities.
• Introduced smart grid capabilities in UPS systems for enhanced power management.

Global Uninterrupted Power Supply System Industry Segmentation

“Global Uninterrupted Power Supply System Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type 

• Online UPS System
• Standby UPS System
• Line-Interactive UPS System

Market Breakup by Capacity 

• Below 500 KVA
• 500-1000 KVA
• Above 1000 KVA

Market Breakup by End Use 

• BFSI
• IT and Telecom
• Government and Public Sectors
• Healthcare
• Manufacturing
• Media and Entertainment
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Uninterrupted Power Supply System Market Share

The growth of the uninterrupted power supply system industry is boosted by the BFSI sector, that requires continuous operation of crucial financial transactions, protection of sensitive data from corruption, and adherence to data protection regulations. 

In the IT and Telecom industries, UPS systems ensure consistent service for data centres and networks, avert data loss and system failures and improve operational efficiency by supporting essential infrastructure. These advantages collectively ensure reliable performance, safeguard data integrity, and reduce disruptions, featuring the critical role of UPS systems in maintaining stability and compliance across both sectors driving the uninterrupted power supply system demand growth. 

Leading Companies in the Uninterrupted Power Supply System Market

The companies excel in innovative electrical distribution, automation, and digital solutions, serving diverse sectors like energy, infrastructure, and data centres, with a strong emphasis on sustainability and operational efficiency.

• ABB Ltd.  
• Schneider Electric SE  
• Mitsubishi Corp.  
• Huawei Technologies Co., Ltd.  
• Emerson Electric Co.  
• Eaton Corporation plc  
• Toshiba Corp.  
• Fuji Electric Co Ltd.  
• Delta Electronics, Inc.  
• Vertiv Group Corporation