Electronics
Uninterruptible Power Supply Market Driven by Increased Demand for Consumer Electronics
For a number of end users, including home, data centers, and industrial environments, the consistent power supply is paramount as any glitch can cause severe consequences. Therefore, the concept of the uninterruptible power supply (UPS) becomes useful for diverse applications. According to an IndustryARC report, the global uninterruptible power supply market size was between $10.5 billion to $11.0 billion in 2018, and the demand is estimated to grow at a profitable CAGR ranging from 3% to 5% during the forecast period 2019-2025. Growing demand for continuous power supply and protecting equipment from voltage fluctuations are some of the key factors driving the uninterruptible power supply market. Additionally, the expansion of growth in commercial and industrial sector coupled with the growing number of government initiatives in developing countries to improve electrical infrastructure is also creating new opportunities in the uninterrupted power supply marketplace.
Uninterruptible Power Supply (UPS) acts as a backup power instantly when the power goes off. UPS devices are used in many industries including manufacturing and healthcare wherein network stoppage can affect the system. Hence, uninterruptible power sources are gaining importance by providing reliability. The different types of UPS include line interactive, standby generator, double conversion on-line, delta conversion on-line, standby Ferro, and so on.
Based on the geographical analysis provided by the IndustryARC report, APAC holds the major share of around 28% to 32% among other regions in global uninterruptible power supply market as of 2018. The rapid development of big data and cloud computing has brought the new-found demand for in-house storage and analytics capabilities to support the business needs of the enterprises, which in turn uplifted the uninterruptible power supply market in this region.
The analyst of the report has identified that in terms of end-user segments, consumer electronics is holding a major share in the uninterruptible power supply market, estimating the value of the segment to increase at a CAGR of around 4% to 5 % during the forecast period. The information is based on a recent business intelligence report from IndustryARC, titled “Uninterruptible Power Supply Market: By Power Rating (0-5 kVA, 5-50 kVA, 50-100 kVA, 100-500 kVA, Above 500 kVA); By Topology (Standby, Line Interactive, Online); By Application (Desktop, Cordless phone, Servers and Racks, Television and others); By End-User (Residential, Commercial, Military, Marine, Data Centers, others); By Geography - Forecast(2019-2025).”
Global Uninterruptible Power Supply Market: Competitive Landscape
Riello UPS –
- In 2018, Riello Power Systems (the German subsidiary of Riello UPS) and its partner and customer RWE Supply & Trading received the first prize in the “Datacenter- Energietechnik” category (Energy Solutions for Data Centers) of the prestigious Deutsche n Rechenzentrumspreises (DRZP), the "Oscars" of the Data Canter. The uninterruptible power supply “Riello Master +", developed by a synergy between both companies was awarded as the innovative product. The two firms presented a new generation of uninterruptible power supplies (UPS) at the Data Center congress, in which the energy stored in the batteries can be marketed actively in the electricity grid.
- On 9th February 2018 - Riello Power, one of the leading manufacturers in the uninterruptible power supply market, inaugurated a new state-of-art manufacturing UPS plant facility at Manesar. Setup on a land bank of 50,000 sq. ft., the plant is manufacturing UPS from 10KVA – 800 KVA.
- On June 14th, 2018 – Delta, a global leader in power and thermal management solutions, announced today the track record of its UPS systems in Russia continues thriving as they have been previously implemented in five of the football stadiums which are now selected to host the 2018 FIFA World Cup Russia. Power capacity over three megawatts (MW) in Delta’s UPS systems ensure sound power supply to the football field and emergency lighting, broadcasting and data transmission, as well as security systems in these stadiums. The extensive use of Delta’s UPS portfolio by both government and private entities in Russia, and its superior technology features, such as leading AC-AC efficiency up to 96%, were crucial factors to achieve this major milestone.
