Albany, NY -- (SBWIRE) -- 09/22/2020 -- According to a new market report on UPS, published by Transparency Market Research, the global UPS market is expected to reach US$ 10,745.9 Mn by 2026, expanding at a CAGR of 7.8% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 8.3% through 2026.

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Growing frequency of power fluctuations driving the global UPS market

Due to growing electricity failures, adoption rate of UPS has increased in order to protect various electronic equipment. Power failures are critical in areas where environment and public safety are at risk including hospitals and industrial areas. Hence, these sectors primarily concentrate on power backups in order to protect sensitive equipment from the adverse effects of grid power fluctuations.

UPS Market: Scope of the Report

The global UPS market is broadly segmented by type, kVA range, application, and region. By type, the UPS market can be segmented into online, offline, and line interactive. The online segment is anticipated to be the highest revenue contributing segment in 2018 with 73.83% of total market revenue and is expected to rise at a significant CAGR of 8.0% over the forecast period. In terms of kVA range, the market has been divided into less than 5 kVA, 5.1-20 kVA, 20.1-60 kVA, 60.1-200 kVA, and above 200 kVA. In 2017, the 20.1-60 kVA range segment was the topmost revenue generating segment due to its high adoption in data centers. Based on application, the global UPS market has been segmented into data center & facility UPS, industrial UPS, marine UPS, network, server & storage UPS, PC, workstation & home UPS, and others. In 2016, data center & facility UPS segment was the highest revenue generating segment and is estimated to expand at a significant CAGR of 7.8% over the forecast period from 2018 to 2026.

Presence of numerous market players and significant numbers of small and medium sized industries in North America especially in the U.S. is the primary factor responsible for the adoption of UPS systems in the region. In Asia Pacific, growth of cloud computing and large data centers in the region is expected to drive the regional UPS market over the forecast period. Proliferation of smartphones has generated the need for efficient and reliable data storage solutions. Low cost infrastructure and real estate availability, low labor cost, and countries with over a billion population are to be served with data center facilities in this region. Data center & facility UPS segment held the highest revenue share for the region in 2017 and is anticipated to expand at the highest CAGR of 8.6% over the forecast period. In Asia Pacific, China and India, followed by Japan, are projected to have a significant percentage of market share over the forecast period.

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Global UPS Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global UPS market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the prominent players identified in the UPS market includes - Schneider Electric SE, Eaton Corporation Plc., Emerson Electric Company, Uninterruptible Power Supplies Ltd., Legrand, Vertiv Co., ABB Ltd., Luminous Power Technologies, Mitsubishi Electric Corporation, and Delta Power Solutions. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

The UPS market has been segmented as follows:

Global UPS Market

By Type

Online
Offline
Line Interactive
By Application

Data Centre & Facility UPS
Industrial UPS
Marine UPS
Network, Server & Storage UPS
PC, Workstation & home UPS
Others
By KVA Range

Less than 5 kVA
1-20 kVA
1-60 kVA
1-200 kVA
Above 200 kVA
By Geography

North America
U.S.
Canada
Mexico
Rest of North America
Europe
U.K
Germany
France
Rest of Europe
Asia Pacific
Japan
India
China
South Korea
Rest of APAC
Middle East & Africa (MEA)
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America

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About Transparency Market Research
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.