Uninterruptible Power Supply Market

Uninterruptible Power Supply Market is Expected to be Flourished by Increasing Adoption of Cloud Computing Services


An uninterruptible power supply, commonly known as a UPS, is used to power electronic devices and provide emergency backup power during power outages and voltage fluctuations. It helps to protect hardware, data, and save servers from unexpected power disruptions. UPS systems provide battery backup and regulated power to workstations, servers, networking equipment, telecom cabinets, data centers and other sensitive electronic equipment. With the rising need for business continuity and protection of critical infrastructure from power issues, the demand for UPS systems is increasing significantly.

The global uninterruptible power supply market is estimated to be valued at US$ 8.63 Mn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The increasing adoption of cloud computing services across industries is playing a major role in driving the growth of the uninterruptible power supply market. Cloud infrastructure requires uninterrupted power to function efficiently without any downtime. As more number of organizations are migrating their operations and data to cloud platforms, the demand for high quality backup power solutions is increasing. Additionally, most data centers and telecom facilities rely on UPS systems to ensure 24/7 operations and prevent losses due to power blackouts or fluctuations. The growing preference for distributed network environments and critical infrastructure also propels the need for UPS to keep servers and networks running continuously. Another key growth driver is the strong focus on industrial automation across manufacturing facilities which demand robust power backup solutions.

Segment Analysis
The global uninterruptible power supply market growth is dominated by offline/standby segment. This segment accounts for over 70% of the market share owing to the high demand for contingency power backups during power outages. The offline/standby uninterruptible power supplies provide backup power instantly through a battery when the main power fails. They find wide applications in healthcare, data centers, telecom and other industries where continuous power supply is a critical requirement.

PEST Analysis
Political: Growth of the UPS market is influenced by supportive government regulations and initiatives focusing on establishment of robust data infrastructure across industries. Various nations are also investing in smart grid technologies.
Economic: Rising expenditure on data centers and digitalization of services is a key factor fueling demand. Adoption of UPS systems safeguards operations against revenue losses arising during power disruptions.
Social: Increasing reliance on digital services and remote working trends post COVID-19 is augmenting the need for reliable backup power supplies.
Technological: Advancements in lithium-ion battery technologies are enabling development of efficient and compact UPS solutions. Growing deployment of hybrid solutions combining solar, battery and grid power is also gaining traction.

Key Takeaways
The global uninterruptible power supply market is expected to witness high growth over the forecast period supported by increasing investments in cloud computing and data centers.

The Asia Pacific region is expected to emerge as the fastest growing regional market owing to government initiatives to improve digital infrastructure and ongoing expansion of enterprises in countries like China and India.

Key players operating in the uninterruptible power supply market are Inmarsat GHL Connect Bidco Limited, Windward Limited, Amplify Mindware Private Limited, Spire Global, Inc., ProGen Business Solutions Private Limited, Spark Cognition Inc., Wartsila Oyj Abp, Prisma Electronics SA (Laros), U-Ming Marine Transport Corporation, and ABB Ltd. Growth strategies adopted by these players include new product launches, partnerships and expansion of manufacturing facilities to cater to the rising demand.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it