USA, Rockville, MD, June 28, 2022 (GLOBE NEWSWIRE) — The global modular uninterruptible power supply (UPS) market is expected to grow at a fair growth rate of 9.2% over the forecast years of 2022 to 2032. The net value of Modular Uninterruptible Power Supply (UPS) market share is expected to reach US$11 billion by 2032, while growing from US$4 billion in 2021.
Modular UPS systems are simpler to use than typical UPS systems since a single module can be changed and reinstalled to keep the system running at peak efficiency. Many daisy-chained modules can be easily replaced and are considered the main factor in increasing the sales of modular uninterruptible power supplies (UPS).
Digitization has influenced and modernized business processes in all sectors. Therefore, electronic devices used to collect and retrieve data for business activities need a constant and stable power source. This need for an assured and stable power source in the event of a power outage or loss is identified as having generated a huge demand for modular uninterruptible power supplies (UPS) across multiple industries.
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The modular online UPS is also built on a tight monitoring structure that allows the system to quickly detect and restore power in the event of a sudden outage. The architecture of a standard UPS system is not centralized, while the provision of centralized and decentralized architecture available in the modular uninterruptible power supply (UPS) system makes it a popular choice among the owners of the industry.
Key points to remember
- In absolute numbers, average worldwide sales of modular uninterruptible power supplies (UPS) are expected to grow at a rate of 9.2% over the next decade, resulting in a total increase of US$6.4 billion in absolute dollars.
- Based on the various components of modular uninterruptible power supply (UPS) solution sales, provided by market players, 51kVA to 100kVA range modulators are the top-selling products. Registering an expected growth rate of 9.2% over the years 2022 to 2032, this segment is expected to remain the best performing category.
- In terms of total value, the modular uninterruptible power supply (UPS) market in the United States is the largest region globally, with a net worth of US$1.6 billion in 2022 and is expected to reach a valuation of 4.2 billion US dollars. at the end of this projection period.
- China’s modular uninterruptible power supply (UPS) market leads the Asia-Pacific region with a net worth of US$300 million in current year 2022. Registering a forecast CAGR of 9, 4% over the years 2022 to 2032, it is likely to reach a valuation of US$847 million.
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Competitive landscape for Modular Uninterruptible Power Supply (UPS) Market Key players
The name of some of the major players in the modular uninterruptible power supply (UPS) market include Schneider Electric, Huawei, ABB, Eaton, Emerson, Legrand, Vertiv, and Rittal, among others.
Although modular battery backup systems are in high demand in the computer industry, many industrial processes have recently adopted microprocessors and PC-based systems that are vulnerable to power failures. As a result, most companies across all industries have started implementing sophisticated modular uninterruptible power supply (UPS) market products.
When main power fails, modular UPS systems maintain continuity and reliability, saving work in progress and protecting equipment. One of the major reasons for the growth of the modular uninterruptible power supply (UPS) market is the requirement for the financial segment to be at the forefront of technology and business or the risk of being overtaken by its competitors.
Recent developments in Modular Uninterruptible Power Supply (UPS) Market
- In September 2018, the Delta Power Solution business introduced the DPA 250 S4 modular UPS, which has efficiency levels of 97.6% and offers less than 30% power losses, optimum reliability, no downtime. downtime and a low total cost of ownership.
- In February 2018, ABB announced the launch of a lithium-ion battery system designed to work with a wide range of ABB uninterruptible power supply (UPS) systems.
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