This report provides exclusive insights into the COVID-19 impact on the UPS System Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the UPS System Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of UPS System Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on UPS system market provides in-depth analysis of segments and sub-segments in global as well as regional ups system market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional UPS system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global UPS system market. According to the report the global ups system market is projected to grow at a CAGR of 7.4% over the forecast period of 2018-2024.
Uninterruptible power supply (UPS) is a device that allows computers to provide emergency power to the load when there is a failure in the power supply. UPS is used to protect the computers, data centers, telecommunication equipment, or other electrical equipment where an unexpected power disruption could cause injuries, fatalities, serious business disruption, or data loss.UPS systems are now being used in several industries or application to protect any kind of computer networks and controls.
Surging demand for data and networking capacity drives the growth of the UPS system market. In addition, demand for more power backup solutions and government initiatives for industrial development and decline in the prices of lithium-ion battery prices are boosting the growth of the UPS system market. However Limited backup facility and the availability of generator incorporates and commercial complexes hinders the growth of the UPS system market Furthermore, Customer demand for improved reliability and zero downtime has resulted, manufacturers to design more robust components for UPS systems such as electronic switches. This, in turn, is providing several growth opportunities for the key players in the UPS system market over the years to come. On the other hand, Wide acceptance of cloud servers, which packs more power into smaller spaces, is projected to drive the data center uninterruptible power supply market.
Among the geographies, North America dominated the global UPS system in terms of revenue. The growth in the North American region is due to the increasing preference for high availability of computing companies that are required to address their data center footprint. Moreover, the requirement for data center facilities and UPS solutions are driving the market growth in the European region. Increasing the data centers in developing countries such as India and China are projected to fuel the growth of the UPS system market over the forecast period. Moreover, Global mobile service providers are constructing mega capacity data centers in these destinations to manage rapidly increasing data traffic. As a result, Asia Pacific is emerging to be a key market for UPS for power backup needs of these establishments.
The report on global UPS system market covers segments such as kVA range and application. On the basis of kVA range the global UPS system market is categorized into less than 5 kVA, 5.1-20 kVA, 20.1-60 kVA, 60.1-200 kVA and above 200 kVA. On the basis of application the global UPS system market is categorized into data center & facility UPS, industrial UPS, marine UPS, network, server & storage ups, workstation & home UP and PC.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global ups system market such as Eaton Corporation Plc, The Emerson Electric Company, Schneider Electric SE, Uninterruptible Power Supplies Ltd., Riello Electtronica, Vertiv Co., General Electric, ABB Ltd., Mitsubishi Electric Corporation. and Legrand.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global system market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of UPS system market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the UPS system market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the UPS system market to understand the present and future trends in this market and formulate their strategies accordingly.