Modular UPS Market by Organization, Capacity and End Use : Global Opportunity Analysis and Industry Forecast, 2021–2030

Modular UPS Market by Organization (Large Enterprise, and Small & Medium Enterprise), Capacity (less than 100 KVA, 101 KVA and 500 KVA, and more than 500 KVA) and End Use (BFSI, Cloud Service and Colocation Providers, Telecom, Healthcare, Energy & Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

The global modular UPS market size was valued at $3.5 billion in 2020, and modular UPS market forecast projected to reach $7.5 billion by 2030, with global modular UPS market forecast expected at a CAGR of 8.1% from 2021 to 2030.

Modular UPS systems are designed to work continuously during life time of UPS; these are designed to be flexible when more redundancy is required to minimize failure. Modular UPS can be more cost effective in many cases than installing parallel or scalable UPS systems. It can be broken down into parts and assembled back on site compared to standalone or parallel UPS and can also reduce costs on delivery. Conventional UPS systems take up more space as they are typically extended horizontally on the floor while modular UPS typically increases vertically in the rack, hence using less floor space. The above-mentioned advantages of the modular UPS systems over the conventional UPS systems drive the demand for modular UPS in the market.

The digitization of education sector and the increase in the expansion retail sector across the globe is a major factor driving the growth of the modular UPS market as they are used as backup power sources by the educational institutions and retail markets. The increase in population and the demand for various goods and services led to the investment in the department stores, grocery, and other specialty stores have increased the demand for the modular UPS systems. The policies for the government towards the education regarding digitalization and the investment toward this direction in highly populated countries such as China and India are anticipate to provide ample opportunities for the growth of the modular UPS market.
The presence of government and public sectors in most of the countries and the rapid development and breakthrough in various technologies such as cloud service, Internet of Things (IoT), and other hardware devices are major factors fuelling the demand for modular UPS market. The development of various government institutes to monitor weather and border situations across the country led the demand for stable continuous backup power supply which led to the demand for modular UPS market. The government investments toward the development of internet-based services especially in the terms of education and healthcare is anticipated to provide ample opportunities for the growth of the modular UPS market.

The lack of awareness among the people regarding the advantages of the modular UPS systems over the conventional UPS systems and the need for modular UPS models such as racks and batteries require regular maintenance which requires high cost. There is also a risk to service personnel during maintenance when they come in contact with the UPS while the equipment is online. These are the major factors hampering the growth of the modular UPS market during the forecast period.

The global modular UPS market is segmented on the basis of organization size, capacity, end use and region.

On the basis of organization size, the global modular UPS market is segmented into large enterprises, and small & medium enterprises. By capacity, it is classified into less than 100 KVA, 101 KVA – 500 KVA, and more than 501 KVA. The end use introduced in the study includes BFSI, cloud service and colocation providers, telecom, healthcare, energy and utilities and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and Asia-Pacific.

The major companies profiled in this report include ABB, AEG Power Solutions, Eaton, Emerson Electric, Schneider Electric, Huawei, Delta Electronics, Gamatronic, Tripp-Lite, and Toshiba International Corporation. Due to rapid increase in demand for data management electronic equipment such as data centers and on-going infrastructure development in developing countries toward digitalization led the key manufacturers expand their Modular UPS production capacities to meet market demand across the globe. Additional growth strategies such as acquisition, partnership, product launch, and business expansion strategies are also adopted to attain key developments in the modular UPS market trends.

KEY MARKET SEGMENTS

By Organization size
• Large enterprise
• Small & medium enterprise

By Capacity
• Less than100 KVA
• 101 KVA - 500 KVA
• More than 501 KVA

By End user
• BFSI
• Cloud Service and Colocation Providers
• Telecom
• Healthcare
• Energy and Utilities
• Others

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o Spain
o UK
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

Key players in the global modular UPS market are:
1. ABB
2. AEG Power Solutions
3. Eaton
4. Emerson Electric
5. Schneider Electric
6. Huawei
7. Delta Electronics
8. Gamatronic
9. Tripp-Lite
10. Toshiba International Corporation