Nordic UPS Market Research Report Forecast to 2027

Nordic UPS Market Research Report Forecast to 2027

Market Overview

The demand for UPS is growing significantly in the Nordic market owing to the need for high-quality, efficient UPS for continuous power supply.

The Nordic UPS market is projected to register a 5.03% CAGR during the forecast period, 2021–2027. UPS is a battery-based device that allows electronic equipment to keep running for a short duration when the primary power source is unavailable, thereby preventing any kind of damage to electronic items. In comparison, EMP is referred to as a standby power system used when there is the unavailability of a regular power source. These systems are installed in critical areas where continuous power is required. Furthermore, UPS and EMP systems are known as backup power solutions and include diesel generators and control systems.

The Nordic UPS market is expected to grow at a steady rate during the forecast period. The growth can be primarily attributed to the need for high-quality, efficient UPS for continuous power supply. Modular technology-based UPS for data centers is expected to create opportunities for market players during the forecast period. However, lack of standards and higher technological complexities are expected to form a restraint in the growth of the market during the forecast period.

Market Segmentation

The Nordic UPS market has been segmented based on Product type, Output, power rating application, and country. Based on Product type, the Nordic UPS market has been segmented into off-line/standby, line interactive, and online/double conversion UPS. The Off-line/standby segment is expected to grow at the fastest rate during the forecast period. In 2020, Off-Line/Standby segment held a share of 46.0% of the Nordic UPS market.

Based on Output, the Nordic UPS market has been segmented into AC to AC, AC to DC, and DC to DC. AC to DC is expected to grow at the fastest rate during the forecast period. In 2020, AC to DC segment held a 38.9% share of the Nordic UPS market.

Based on Power rating, the Nordic UPS market has been segmented into Up to 500 VA (0.5 kVA), 500.1 VA–1 kVA, 2–20 kVA, 21–50 kVA, 51–200 kVA, 201–500 kVA. 51–200 kVA is expected to grow at the fastest rate during the forecast period. In 2020, 51–200 kVA segment held a 35.3% share of the Nordic UPS market.

Based on application, the Nordic UPS market has been segmented into telecommunication, data centers, Medical, industrial, marines, and others. The data center segment is expected to grow at the fastest rate during the forecast period. In 2020, the data center segment held a share of 21.3% of the Nordic UPS market.

Regional Analysis

Based on region, the Nordic UPS market is segmented into Denmark, Finland, Iceland, Norway, and Sweden. In 2020, the Nordic UPS market was dominated by Sweden with a 40.1% share, followed by Denmark and Norway with shares of 20.6% and 18.4%, respectively.

Major Players

Siemens, ABB, Schneider Electric, Eaton Corporation, Emerson, and Delta Power Solutions are among the top players in the Nordic UPS market.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Siemens
ABB
Schneider Electric
Eaton Corporation
Emerson
and Delta Power Solutions are among the top players in the Nordic UPS market.

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