Modular UPS market is anticipated to grow at a significant CAGR of around 10.5% during the forecast period. The growing need for zero power outages from various industries would propel the market forward. The digital revolution has impacted business in every industry. As a result, electronic devices are being used to collect and retrieve data for business activities. This enhances the need for a consistent and reliable power source. Enterprises can’t perform operational processes if they don’t have access to electricity. There must be an assured and stable power source in the event of a power outage or loss of the main power source. When the main power goes out, the UPS maintains continuity and resilience, allowing ongoing work to be stored and hardware to be safeguarded. Although UPS systems are in high demand in the IT industry, many industrial processes have recently embraced PC-based systems and microprocessors that are vulnerable to power outages. Moreover, continuous product innovation and launches by market players will take forward the market growth. For instance, in August 2020, Socomec launched two editions of the Modulys XS MC, with six and nine slots for power as well as plug-in battery modules, respectively, that are ideal for IT and non-IT applications. The electronic-free cabinet offers fully autonomous power modules and a multilingual 7-inch retractable touchscreen display.
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The COVID-19 pandemic had disrupted the operations of various industries across the globe, which drastically reduced the demand for modular UPS. Due to a lack of staff and the fact that the bulk of the world’s population was staying at home due to rigorous laws and containment precautions during the pandemic, production plants were closed or were operating at lesser capacity, limiting output. Therefore, the demand for modular UPS was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the modular UPS market started to recover as industrial operations were normalized after the recovery.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Modular UPS Market Report by Segment
By Power Capacities
- 50 kVA
- 100 kVA
- 300 kVA
- 301 and above kVA
By End User
- Data centers
- Industrial
- Telecommunication
- Commercial
- BFSI
- Government
Global Modular UPS Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global modular UPS market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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