North America UPS and Inverter Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (UPS and Inverter), UPS Type (Online, Line Interactive, and Standby), Inverter Rating (Less Than 5kW, 5k
Description
The North America UPS (Uninterruptible Power Supply) and inverter market is projected to grow significantly, reaching an estimated US$ 54,727.51 million by 2031, up from US$ 25,619.23 million in 2024. This growth represents a compound annual growth rate (CAGR) of 12.0% from 2025 to 2031, indicating a robust demand for power backup solutions in the region.
Executive Summary and Market Analysis
The North American UPS and inverter market is primarily segmented into three countries: the United States, Canada, and Mexico. The market has been witnessing steady growth, driven by an increasing need for reliable power backup systems and the ongoing industrialization across various sectors. Key industries contributing to this growth include healthcare, information technology (IT), manufacturing, telecommunications, and residential applications. The rising frequency of power outages, coupled with a strong focus on sustainability and energy efficiency, has further fueled the demand for UPS and inverter systems.
In 2023, the U.S. Department of Energy announced a substantial investment of US$ 3.5 billion in grants aimed at enhancing solar and wind power capacity, reinforcing power lines against extreme weather, and developing microgrids to ensure continuous power supply during outages. Approximately 58 projects across 44 states in the U.S. are set to receive federal financing, with total investments expected to exceed US$ 8 billion, supported by state and local governments, utilities, and industry partners.
Prominent players in the North American UPS and inverter market include Schneider Electric, Eaton Corporation, Vertiv Holdings, and ABB Ltd. These companies are at the forefront of innovation, introducing advanced products featuring modular designs, lithium-ion batteries, and IoT-enabled monitoring capabilities.
Strategic Insights
Market Segmentation Analysis
The North America UPS and inverter market can be analyzed based on type and application. The market is divided into two main types: UPS and inverters. In 2024, the inverter segment is expected to hold a larger market share. The UPS segment is further categorized into online, line-interactive, and standby types, while the inverter segment is divided into categories based on power output: less than 5kW, 5kW to 100kW, 100kW to 500kW, and above 500kW.
In terms of application, the market is segmented into industrial, commercial, and residential sectors, with the industrial segment accounting for the largest share in 2024.
Market Outlook
The integration of IoT technology is transforming the UPS landscape by enabling enhanced monitoring and remote management. IoT-enabled UPS systems are equipped with sensors that collect real-time data on battery status, load levels, temperature, and humidity. This data is transmitted to a cloud-based platform for comprehensive analysis, facilitating proactive monitoring and maintenance. Such systems allow for early detection of potential issues, thereby minimizing downtime. Additionally, IoT-enabled UPS systems can be managed remotely, providing greater flexibility and convenience. Users can monitor and control these systems through web and mobile applications, allowing for efficient management across multiple locations.
Moreover, the incorporation of artificial intelligence (AI) into UPS systems enhances their functionality by enabling real-time monitoring and analysis of power usage and system performance. This capability allows for the early identification of faults, enabling proactive measures to prevent costly downtimes. AI-enabled UPS systems also optimize energy usage, reducing waste and lowering energy costs, which contributes to more sustainable operations. Furthermore, these systems can predict future power requirements, aiding organizations in planning and scaling their operations effectively.
Country Insights
The North American UPS and inverter market is dominated by the United States, followed by Canada and Mexico. In the U.S., major cities like New York and Chicago serve as financial hubs, while the Bay Area, Seattle, and Portland are significant technology centers. According to 2024 data from Cloudscene, the U.S. is home to approximately 5,389 data centers, consuming around 17 GW of electricity. This high energy consumption has led to an increased emphasis on energy efficiency and reliable power supply in these facilities.
In 2024, AWS (Amazon Web Services) announced plans to invest US$ 5 billion in establishing multiple data centers in Mexico to meet the growing demand for cloud computing services. UPS systems are critical in data centers, providing high efficiency in compact designs and enhanced battery storage through modern lithium-ion technologies and remote monitoring capabilities.
The aging power grid and the increasing frequency of extreme weather events have heightened the need for robust backup power solutions, further driving the UPS and inverter market in the U.S. Key players in this market include Schneider Electric, Eaton Corporation, Vertiv Holdings, and CyberPower Systems, with notable products such as Eaton's 93PM UPS and Schneider Electric's Galaxy Lithium-ion UPS.
Company Profiles
Key companies operating in the North American UPS and inverter market include Schneider Electric SE, ABB Ltd, TOSHIBA CORPORATION, Cyber Power Systems (USA) Inc, Eaton Corp Plc, Emerson Electric Co, Delta Electronics Inc, Legrand SA, Kirloskar Electric Company, OMRON Corp, Exide Industries Ltd, Luminous Power Technologies Pvt Ltd, Microtek, Su-Kam Power Systems Ltd., and Kehua Data Co Ltd. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and deliver innovative solutions to consumers.
Executive Summary and Market Analysis
The North American UPS and inverter market is primarily segmented into three countries: the United States, Canada, and Mexico. The market has been witnessing steady growth, driven by an increasing need for reliable power backup systems and the ongoing industrialization across various sectors. Key industries contributing to this growth include healthcare, information technology (IT), manufacturing, telecommunications, and residential applications. The rising frequency of power outages, coupled with a strong focus on sustainability and energy efficiency, has further fueled the demand for UPS and inverter systems.
In 2023, the U.S. Department of Energy announced a substantial investment of US$ 3.5 billion in grants aimed at enhancing solar and wind power capacity, reinforcing power lines against extreme weather, and developing microgrids to ensure continuous power supply during outages. Approximately 58 projects across 44 states in the U.S. are set to receive federal financing, with total investments expected to exceed US$ 8 billion, supported by state and local governments, utilities, and industry partners.
Prominent players in the North American UPS and inverter market include Schneider Electric, Eaton Corporation, Vertiv Holdings, and ABB Ltd. These companies are at the forefront of innovation, introducing advanced products featuring modular designs, lithium-ion batteries, and IoT-enabled monitoring capabilities.
Strategic Insights
Market Segmentation Analysis
The North America UPS and inverter market can be analyzed based on type and application. The market is divided into two main types: UPS and inverters. In 2024, the inverter segment is expected to hold a larger market share. The UPS segment is further categorized into online, line-interactive, and standby types, while the inverter segment is divided into categories based on power output: less than 5kW, 5kW to 100kW, 100kW to 500kW, and above 500kW.
In terms of application, the market is segmented into industrial, commercial, and residential sectors, with the industrial segment accounting for the largest share in 2024.
Market Outlook
The integration of IoT technology is transforming the UPS landscape by enabling enhanced monitoring and remote management. IoT-enabled UPS systems are equipped with sensors that collect real-time data on battery status, load levels, temperature, and humidity. This data is transmitted to a cloud-based platform for comprehensive analysis, facilitating proactive monitoring and maintenance. Such systems allow for early detection of potential issues, thereby minimizing downtime. Additionally, IoT-enabled UPS systems can be managed remotely, providing greater flexibility and convenience. Users can monitor and control these systems through web and mobile applications, allowing for efficient management across multiple locations.
Moreover, the incorporation of artificial intelligence (AI) into UPS systems enhances their functionality by enabling real-time monitoring and analysis of power usage and system performance. This capability allows for the early identification of faults, enabling proactive measures to prevent costly downtimes. AI-enabled UPS systems also optimize energy usage, reducing waste and lowering energy costs, which contributes to more sustainable operations. Furthermore, these systems can predict future power requirements, aiding organizations in planning and scaling their operations effectively.
Country Insights
The North American UPS and inverter market is dominated by the United States, followed by Canada and Mexico. In the U.S., major cities like New York and Chicago serve as financial hubs, while the Bay Area, Seattle, and Portland are significant technology centers. According to 2024 data from Cloudscene, the U.S. is home to approximately 5,389 data centers, consuming around 17 GW of electricity. This high energy consumption has led to an increased emphasis on energy efficiency and reliable power supply in these facilities.
In 2024, AWS (Amazon Web Services) announced plans to invest US$ 5 billion in establishing multiple data centers in Mexico to meet the growing demand for cloud computing services. UPS systems are critical in data centers, providing high efficiency in compact designs and enhanced battery storage through modern lithium-ion technologies and remote monitoring capabilities.
The aging power grid and the increasing frequency of extreme weather events have heightened the need for robust backup power solutions, further driving the UPS and inverter market in the U.S. Key players in this market include Schneider Electric, Eaton Corporation, Vertiv Holdings, and CyberPower Systems, with notable products such as Eaton's 93PM UPS and Schneider Electric's Galaxy Lithium-ion UPS.
Company Profiles
Key companies operating in the North American UPS and inverter market include Schneider Electric SE, ABB Ltd, TOSHIBA CORPORATION, Cyber Power Systems (USA) Inc, Eaton Corp Plc, Emerson Electric Co, Delta Electronics Inc, Legrand SA, Kirloskar Electric Company, OMRON Corp, Exide Industries Ltd, Luminous Power Technologies Pvt Ltd, Microtek, Su-Kam Power Systems Ltd., and Kehua Data Co Ltd. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and deliver innovative solutions to consumers.
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