Global UPS Market 2023-2027
Technavio has been monitoring the UPS market and is forecast to grow by $5.97 bn during 2022-2027, accelerating at a CAGR of 4.5% during the forecast period. Our report on the UPS market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in data center infrastructure, rise in demand from telecom industry, and growing prominence for online shopping among residential end-users.
Technavio's UPS market is segmented as below:
- Online or double conversion
- Off-line or standby
By Geographical Landscape
- North America
- Middle East and Africa
- South America
This study identifies the advances in UPS technology as one of the prime reasons driving the UPS market growth during the next few years. Also, growing use of lithium-ion batteries in ups systems and increase in integration of power sources will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the UPS market covers the following areas:
- UPS market sizing
- UPS market forecast
- UPS market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading UPS market vendors that include ABB Ltd., Ablerex Electronics Co. Ltd., AMETEK Inc., Delta Electronics Inc, East Penn Manufacturing Co. Inc., Eaton Corp. Plc, EnerSys, Exide Industries Ltd., Friedhelm Loh Stiftung and Co. KG, Hitachi Ltd., Huawei Technologies Co. Ltd., Legrand SA, Metartec Ltd., Mitsubishi Electric Corp., Power Innovations International Inc., Raytheon Technologies Corp., Schneider Electric SE, Siemens AG, TOSHIBA CORP, and Vertiv Holdings Co. Also, the UPS market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.