Modular UPS Global Market – Overview
The Global Modular UPS Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of Modular UPS is growing rapidly and expected to gain importance over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous growth records in terms of value with a noticeable CAGR during the anticipated period (2017 – 2023).
A recent study shows that in the United States, data centres consumed near about 70 billion KW of energy which is equivalent to amount of electricity consumed by near about 6.4 million average American homes. In case of any outage, these data centres need to be operational at all-time thus, it requires an effective power backup solution such as modular UPSs.
The past few years has shown tremendous growth in the field of data centers. The increasing IoT market, growing digital content and increasing the number of internet users around the world has led to the deployment of data centers in very high amount. A recent study shows that, the data center market is growing with more than 25% of compound annual growth rate after the year 2012 and the growth rate is expected to sustain in the coming years owing to the factors such as heavy integration of technologies in various industries. The UPS market around the world has seen tremendous growth in the past couple of years due to growing demand and lack of supply of electric power supply.
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A study by market research future shows that, in the year 2016, the total export unit of static converter equipment’s were more than 500 million and the cumulative value of these products were more than USD 50 billion. Given the statistics, it is expected that in the next coming years, the market of modular UPS will rise immensely where the majority of the demand will arise from North America, European countries and Asia.
Power grid inefficiencies are also one of the major driving factor of Modular UPS Market. Power grids are complex networks which helps to manage and distribute electricity from one place to another. Power grid was one of the great discoveries of 20th centuries but due to the excessive demand, the infrastructure has become more susceptible to blackouts which puts the pressure on OEMs to develop new alternatives. To addressing the same problem, Modular UPSs are playing very crucial role in keeping the system active and online.
One of the major challenge to the market of modular UPS is economic slowdown. Economic slowdown is trigged due to various factors such as major activities taking places in countries which holds a huge command on global market e.g. China and U.S. Whenever any event take place which is not favourable to any country leads to the cause of instability in their political, economic and financial system.
Nov. 2017 -Delta Electronics, Inc., a global leader in power and thermal management solutions, announced the global launch of its 500kVA Modulon DPH series uninterruptible power supply (UPS) that enables advanced control of power module redundancy as well as the ability to add capacity and pay-as-you-grow scalability.
The prominent players in modular UPS market are – ABB Group (Switzerland), Emerson Electric Co. (U.S.), Eaton Corporation PLC (Ireland), Huawei Technologies Co. Ltd. (China), Schneider Electric SE (France), General Electric (U.S.), Delta Electronics, Inc. (Taiwan), Gamatronic Electronic Industries Ltd. (Israel), Riello Electronica Group (Italy), Tripp Lite (U.S.) among others.
Modular UPS Global Market – Segmentation
The Modular UPS Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Component: By solutions- 10-100 kVA, 101-250 kVA, 251-500 kVA, 501 kVA and above and by services- Integration Services, Professional Services
- Segmentation by Vertical: BFSI, healthcare, manufacturing, IT & telecommunication, media & entertainment, defense.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the world.
Modular UPS Global Market – Regional Analysis
Asia-Pacific is dominating the Global Modular UPS Market with the largest market share due to the growing service industry in China, India, Singapore and Malaysia. Additionally, the economic development and the growing GDP of Asian countries is majorly contributing to the growth of modular UPS market. In growing countries such as India, and China which is under radar of developing nations holds immense potential for any market and are adopting various policies to promote the technological infrastructure of the country and invite companies to setup their business operation centers. Lack of power supply or high gap in demand and supply limits the industries for the expansion whereas supplement products such as UPSs helps to achieve the desired goals and objectives.
Modular UPS Market in North America market is expected to grow at a substantial CAGR during 2017 to 2023 owing to the heavy developments in cloud computing market and high developments in data centers. The European market for Modular UPS Market is expected to grow at a considerable CAGR (2017-2023) owing to the factors such as high demand for power backup from BFSI industry and healthcare industry.
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- Technology Investors
- Technology Providers
- Research/Consultancy Firms
- Infrastructure Providers
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
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