Modular UPS Market Outlook - 2021-2030
The global modular UPS market size was valued at $3.5 billion in 2020, and modular UPS market forecast projected to reach $7.5 billion by 2030, with global modular UPS market forecast expected at a CAGR of 8.1% from 2021 to 2030.
Modular UPS is flexible and redundant power protection as the modular concept enables to flexibly adapt the UPS power to power needs. The individual modules are hot-swappable, and connected modules are automatically detected. This system can be upgraded within just few minutes while the system is running. The load distribution is automated within all system modules enable a modular (n+x) redundancy that can also be used for load increase where “n” denotes the filled placed with the battery and “x” denotes the space left. The above-mentioned factors and advantages are the major factors fostering the modular UPS market growth.
The lack of awareness among the small scale enterprises across the globe regarding the advantages of the modular UPS compared to conventional UPS. The need for regular maintenance in the modular UPS system and the risk of accident to service personal during maintenance while the system is online is also major factor hampering the development of the growth of the market.
Rapid industrialization and modernization across the globe and the government regulations and policies to support the start-ups have increased the demand for cloud servers and colocation service providers which has indirectly fuelled the demand for the modular UPS market. SMEs take part of the most of the country GDP and also provide employment to people of low education where most of these enterprises use the hardware equipment to provide services to the customers. Education, departmental stores, and start-ups in various sectors are major contributors for the growth of the market. The above-mentioned applications and the awareness in the SMEs regarding the advantages of modular UPS system will provide ample opportunities for the growth of modular the UPS market during the forecast period.
The modular UPS is segmented on the basis of by organization size, by capacity, by end use and region.
On the basis of organization size, the global modular UPS market is segmented into large enterprises, and small & medium enterprises. By capacity, it is classified into less than 100 KVA, 101 KVA – 500 KVA, and more than 501 KVA. The end use introduced in the study includes BFSI, cloud service and colocation providers, telecom, healthcare, energy and utilities and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia Pacific accounts for the largest share of the market, followed by Europe and North America.
The major companies profiled in this modular UPS industry include ABB, AEG Power Solutions, Eaton, Emerson Electric, Schneider Electric, Huawei, Delta Electronics, Gamatronic, Tripp-Lite, and Toshiba International Corporation. Due to rapid increase in demand for data management electronic equipment such as data centers and on-going infrastructure development in developing countries toward digitalization led the key manufacturers expand their modular UPS production capacities in order to meet market demand across the globe. Additional growth strategies such as acquisition, partnership, product launch and business expansion strategies are also adopted to attain key developments in the modular UPS market trends.
Global Modular Ups Market, By Region
The Asia Pacific dominates the modular UPS market. India and China are major players in the data center sector in this region. China has more than 87 colocation data centers across its 28 areas. In India currently have 126 third-party data centers which are colocation and hyper scale which operate more than 95% of total IT power capacity in the country. In India data center industry attracted close to $944 million in private equity and strategic investments since 2008, in which more than 40% were infused in 2020 January to September period alone.
By Region
Asia-Pacific holds a dominant position in 2020
Global Modular Ups Market, By Organization Size
The large enterprise dominates the modular UPS market due to the application of uninterrupted power supply systems in the large scale enterprises such as manufacturing, telecommunication, and banking sectors where power must be continuous and loss of the power will bring great economic losses. Energy & Utilities sector based companies also comes under the large enterprises as they provide electrical, oil & gas, and water services to the consumers. Clean, continuous power is an essential requirement of twenty-first century day to day life as most of them are dependent on complex computer and communication technologies. The above mentioned applications and investments of the large enterprises towards virtualization to provide better services to the customers will provide ample opportunities for the growth of the market
By Organization Size
Large Enterprises is projected to create abundant $ opportunity till 2030
Global Modular Ups Market, By Capacity
Below 100 KVA dominates the modular UPS market due to increase in investments of the private educational and banking institutions towards digitalization are driving the demand for the market. The presence of small scale enterprises and the application of data management in these enterprises have led to demand for the small scale servers and PCs which led to the demand for continuous power supply such as modular UPS systems. Banking and financial services has become an important part of modern world economy and with the breakthrough in the communication technologies and the need for top hardware infrastructure to provide better services to the costumer will provide ample opportunities for the growth of the market. The above-mentioned applications and investments of the public and private sector towards digitalization will provide ample opportunities for the growth of market.
By Capacity
Less than 100 KVA segment is projected as the most lucrative segment.
Global Modular Ups Market, By End Use
BFSI segment dominates the modular UPS market. Rapid modernization and the wide application of internet in various fields especially in the banking, financial services and insurance (BFSI) sector led to the demand for modular UPS systems as various data processing and services systems are connected to the commercial banks to provide utmost services to the customers. Finance segment needs to remain at the cutting edge of technology and business or risk rapid outpacing by their competitors is also major driving factor for the growth of the market. The innovation in technology and internet data security across the globe and government plans towards the usage internet banking to decrease the non-legal transactions and to increase the usage of electronic cash. The presence of these above-mentioned applications and government support to develop cashless economy will provide ample opportunities for the growth of the market.
By End Use
BFSI segment is projected as the most lucrative segment.
COVID-19 analysis:
The COVID-19 pandemic has negatively impacted the modular uninterrupted power supply (UPS) market. The shutdown of most of the government, energy and other sector corporate enterprises has great impact on the development of the modular UPS market. The COVID-19 pandemic has posed business continuity challenges among various sectors which includes construction, real estate, IT, healthcare, and manufacturing, owing to global lockdowns. Majority of world’s population have obeyed the strict regulations and containment measures of the respective government during the pandemic situation led to lack of employees in manufacturing plants have shut down or running at lower capacity, while reducing the output. The increasing demand for cloud services and data center deployments across the globe will provide opportunities for market.
Key benefits for stakeholders
- This report provides a detailed quantitative analysis of the current modular UPS market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
- An in-depth Modular UPS market analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global modular UPS market.
Modular UPS Market Report Highlights
| Aspects | Details |
 By Organization size |
|
 By Capacity |
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 By End user |
|
 By Region |
|
 Key Market Players | ABB Ltd., Emerson Electric Co., Delta Electronics, Eaton Corporation, AEG Power Solutions, Toshiba International Corporation, Gamatronic, Huawei, Schneider Electric, Tripp-Lite |
Analyst Review
The global modular UPS market is expected to witness increased demand during the forecast period, due to rapid increase in the demand for medical equipment and the data centers across the globe throughout the forecast period.
The presence of the demand for electronic equipment led to the demand for stable electricity during power loss to avoid economic losses. This is a major factor driving the growth of the modular UPS market. The presence of high demand for UPS in the industrial manufacturing facilities is mostly due to the application of PC-based systems and microprocessors which are sensitive to the power disturbances. The rapid application of telecommunication technology in various sectors and the rapid breakthrough in the Internet of Things and artificial intelligence have led to an increase in the demand for telecommunication base station. Stable power source is required to provide services to the customer hence there is a demand for modular UPS systems.
Lack of awareness among the small enterprises and manufacturing industries; high capital expenditure and operational expenditure are major restraining factors for the growth of the market. Modular UPS requires regular maintenance which requires high cost and there is also risk to service personnel during the maintenance when they come in contact with the UPS while the equipment is online. The above mentioned are various factors that hamper the growth of the modular UPS market.
Rapid development of e-commerce applications and their advantages in the fast pace life have increased the application of large-scale data centers to provide support to high volume e-commerce transactions. The innovation and breakthrough in the cloud computing technology led to the development of cloud service applications in the field of business, backup services, education, entertainment, and social networking, hence leading to the demand for stable power source such as modular UPS systems. The above-mentioned applications and rapid development in certain fields will provide ample opportunities for the development of the modular UPS market.
Moreover, companies are inheriting acquisitions, product launch, and business expansion strategies to boost the growth of the modular UPS market throughout the forecast period. The future demand for data management equipment such as data centers and servers is projected to foster the growth of the modular UPS market.
Increase in rapid digitalization led to demand for reliable power supply and increase in the demand for large scale data centre and cloud technology in IT sector are the driving factors and opportunities in the Modular UPS Market
New product launch in order to attract end users is the key growth strategy of Modular UPS Market players
The report sample for global Modular UPS Market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
Asia-Pacific will provide more business opportunities for Modular UPS in future
ABB, AEG Power Solutions, Eaton, Emerson Electric, Schneider Electric, Huawei, Delta Electronics, Gamatronic, Tripp-Lite, and Toshiba International Corporation
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
Large enterprises segment holds the maximum share of the Modular UPS Market
BFSI, cloud service and colocation providers, telecom, healthcare, energy and utilities providers are the potential customers of Modular UPS industry
Increase in demand for additional power supply is the current trend expected to influence the Modular UPS Market in the next few years
BFSI, cloud service and colocation providers, telecom, healthcare and others are key applications expected to drive the adoption of Modular UPS
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