Allied Market Research published a new report, titled, UPS System Market generated $7.4 billion in 2019, and is expected to garner $9.4 billion by 2027, witnessing a CAGR of 4.3% from 2020 to 2027.
Increase in demand for reliable power solutions for supporting large-scale manufacturing facilities and surge in adoption from residential and commercial sectors drive the growth of the global uninterrupted power supply system market. However, high maintenance cost of UPS systems hinders the market growth. Contrarily, advancements such as Lithium-ion (Li-ion) batteries with high operating temperature create new opportunities in the market.
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The proliferating market demand of uninterrupted power supply (UPS) system as a reliable power supply is expected to drive the market growth. Furthermore, increase in number of data centers and decrease in battery prices are anticipated to potentially contribute toward the overall market growth. In addition, increase in population and surge in demand for power backup solutions are the other factors influencing the market growth in residential end-user segment.
The research offers a detailed segmentation of the global UPS System market. Key segments analyzed in the research include Type, Ratingand End Userand geography. Extensive analysis of sales, revenue, growth rate, and market share of each segment, and geography for the historic period and the forecast period is offered with the help of tables.
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Based on region, North America contributed to the largest market share in 2019, accounting for more than two-fifths of the global UPS system market, and will maintain its lead position throughout the forecast period. This is due to rise in demand for industrial and commercial UPS systems and sudden blackouts in the U.S. Moreover, Asia-Pacific is projected to portray the largest CAGR of 5.1% from 2020 to 2027, owing to surge in number of industrial booms in emerging economies such as China, India, and Japan.
The market player positioning segment provides an understanding of the current position of the market players active in the UPS System industry.
The research offers an extensive analysis of key players active in the global UPS System industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Schneider Electric Se, Abb Ltd., Soro Electronics, Luminous power technologies, MICROTEK, Delta Electronics Inc, Emersion Electric Co., and Huawei Technologies Co., Ltd. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Get detailed COVID-19 impact analysis on the UPS System Market Request Here
Covid-19 Scenario
- Owing to a shortage of manpower and social distancing norms, the new installation activities of uninterrupted power supply (UPS) system have been postponed. However, implementation of work from home culture and frequent power losses created a huge demand for UPS systems.
- Manufacturing activities have been hindered due to lockdown measures implemented by governments of many countries. There has been a shortage of raw materials as import and export activities have been banned in many countries.
- The distribution, installation, and maintenance activities would get back on track as governments lift-off lockdown restrictions.
Key offerings of the report:
- Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
- Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
- Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
- Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
- Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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