LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global UPS market since 2018 and the market is poised to grow by USD 5.71 billion during 2020-2024 at a CAGR of almost 5% during the forecast period. Request Free Sample Pages
Read the 158-page research report with TOC on "UPS Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by Application (Non-residential and Residential), and Segment Forecasts, 2020-2024".
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The growth in data center infrastructure and growing use of lithium-ion batteries in UPS systems is anticipated to boost the growth of the market.
Data centers provide a wide range of services such as cloud computing and data storage. As a result, they are emerging as an invaluable asset for organizations of all sizes and industries. In addition, data center operators are significantly increasing their data center infrastructure investments due to the continuous addition of new service model offerings and growing customer base. This is increasing the demand for UPS in data centers as they are necessary to ensure an unaffected and continuous supply of power to all computing devices such as routers and servers. Thus, growth in data center infrastructure is expected to drive market growth during the forecast period.
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Major Five UPS Market Companies:
ABB Ltd.
ABB Ltd. is headquartered in Switzerland and operates the business under various segments such as Electrification Products, Industrial Automation, and Robotics and Motion. The company offers Single-phase UPS, Three-phase UPS, Medium voltage UPS, Industrial UPS, and UPS-Flywheel.
Ablerex Electronics Co. Ltd.
Ablerex Electronics Co. Ltd. is headquartered in Taiwan and offers products through the following business units: First Business Division, Second Business Division, Technical Services Division, and Energy Division. The company offers Three Phase UPS, Single Phase On-Line UPS, and Line-interactive.
Eaton Corp. Plc
Eaton Corp. Plc is headquartered in Ireland and operates under various business segments, namely Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and Vehicle. The company offers single-phase, split-phase, and three-phase UPS.
EnerSys
EnerSys is headquartered in the US and offers products through the following business segments: Americas, EMEA, and Asia. The company offers UPS battery, Indoor UPS Solutions, and Outdoor UPS Solutions.
Huawei Investment & Holding Co. Ltd.
Huawei Investment & Holding Co. Ltd. is headquartered in China and offers products through the following business segments: Carrier, Enterprise, and Consumer. The company offers UPS with a power rating range of 1 kVA-1,200 kVA.
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UPS Application Outlook (Revenue, USD Million, 2020-2024)
- Non-residential
- Residential
UPS Regional Outlook (Revenue, USD Million, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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