Mar 29, 2021   SOURCE: BusinessWire

Global Uninterrupted Power Supply System Market (2020 to 2027) - Opportunity Analysis and Industry Forecasts - ResearchAndMarkets.com

The "Uninterrupted Power Supply System Market by Type, Rating and End User: Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

The global uninterrupted power supply market was valued at $7.4 billion in 2019, and is projected to reach $9.4 billion by 2027, growing at a CAGR of 4.3% from 2020 to 2027.

Uninterrupted power supply is battery backup system, which is used as immediate power source for the connected load during any failure in the main input power source. This is used as temporary power supply to ensure orderly shutdown of electrical appliances. Uninterrupted power supply used with hardware systems can help to prevent serious damage in the hardware during frequent power loss. UPS is widely used in different sectors including data centers, industries, telecommunications, and hospitals.

The market is driven by increase in need for reliable and high quality energy solutions for different industries including data centers, telecommunication etc. UPS allow business organizations to run facilitates under power shortage. In addition, the growing population and frequent power failures for both commercial and residential sectors will positively impact the market growth. Furthermore, emerging economies, such as China, India, and Japan are actively investing in uninterrupted power supply market which will further impact the market scenario. However, the high cost of online UPS and high maintenance cost of UPS system may impede the market growth in residential sector. Nonetheless, advancements in UPS battery systems, such as new Lithium-ion (Li-ion) batteries with high operating temperature will create lucrative opportunities in the market.

COVID-19 scenario analysis:

  • The global uninterrupted power supply market witnessed significant surge in demand during this pandemic period. This is attributed to social distancing and work from home norms, which increased the demand in residential end-user segment.
  • In addition, large number of power plants and substations were operating with limited workforce, which led to frequent power loss.
  • Such power shortage during this pandemic led to increase in demand for UPS systems for residential as well as industrial sectors.
  • However, due to restrictions on cross border export and import, the UPS supply chain have been negatively affected
  • Moreover, the delay in upstream and downstream channels lead to increase in the inventory carrying cost.

Key Benefits for Stakeholders:

  • The global uninterrupted power supply market analysis covers in-depth information of major industry participants.
  • Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the global uninterrupted power supply market for the period 2020-2027.
  • The report outlines the current global uninterrupted power supply market trends and future estimations of the global uninterrupted power supply market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
  • Key drivers, restraints & opportunities and their detailed impact analysis of the global uninterrupted power supply market are explained in the study.

Market Dynamics

Drivers

  • Increase in demand for reliable power solutions
  • Increase in disposable income

Restraint

  • High maintenance cost of UPS systems

Opportunity

  • Advancement in UPS battery systems

Companies Mentioned

  • Whirlpool Corporation
  • LG Electronics
  • Midea Group Co. Ltd.
  • Panasonic Corporation
  • AB Electrolux
  • Samsung Electronics Co. Ltd.
  • Arcelik A.S
  • GE Appliances
  • Hitachi Chemical Co. Ltd.
  • Robert Bosch GMBH

For more information about this report visit https://www.researchandmarkets.com/r/tadr6y