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Uninterruptible Power Supply (UPS) Market Share

Report ID: GMI3791
Published Date: Jun 2024
Report Format: PDF

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Uninterruptible Power Supply Market Share

Schneider Electric SE, ABB Ltd., and Vertiv held significant market share of over 30% market share in 2023. The major players are heavily investing in research and development to introduce innovative and technologically advanced UPS solutions. These companies are focusing on enhancing the efficiency, reliability, and scalability of their UPS systems. Innovations include the development of modular UPS systems that allow for flexible scaling according to the needs of the data center or facility. Additionally, there is a strong emphasis on integrating digital technologies such as IoT and AI for real-time monitoring, predictive maintenance, and optimizing power management, which helps in reducing downtime and operational costs.

Additionally, Companies such as ABB Ltd., Emerson Electric Co., and Mitsubishi Electric Corporation are engaging in strategic acquisitions and partnerships to strengthen their market position and expand their product portfolios. By acquiring smaller companies with specialized technologies or establishing partnerships with tech firms, these major players can quickly integrate new capabilities and enter new markets. For example, Emerson's acquisition of Vertiv has enabled it to offer comprehensive critical infrastructure and power management solutions. These strategic moves allow major players to provide a broader range of solutions, catering to diverse customer needs in different sectors such as data centers, healthcare, and industrial applications.

Uninterruptible Power Supply (UPS) Market Companies

Major players operating in the uninterruptible power supply industry are:

ABB Ltd
Delta Electronics, Inc.
Eaton
Emerson Networks
Legrand
Mitsubishi Electric Corporation
Schneider Electric SE
Siemens
Toshiba Corporation
Vertiv

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Uninterruptible power supply (UPS) industry size was worth USD 11.6 billion in 2023 and is projected to expand at over 5% CAGR from 2024 to 2032 due to the expansion of cloud computing, big data, and IoT applications.

The UPS market share from the solution component segment was worth more than USD 7 billion in 2023, owing to the integration of advanced technologies such as AI and machine learning in UPS systems.

The data center application segment in the UPS industry is projected to grow at over 3% CAGR between 2024 and 2032, led by the rapid proliferation of data centers across the globe.

North America UPS industry accounted for more than 40% revenue share in 2023, on account of the rapid adoption of cloud computing services by businesses and government organizations.