Uninterruptible Power Supply Manufacturers —— From USD 10 billion in 2020 to USD 1.342 billion in 2027, the market for uninterruptible power supply is expected to expand at a CAGR of 4.44% during the forecast period, impacted by the COVID-19 pandemic A variety of including uninterruptible power supply market. NEW YORK, Aug. 2, 2022, EDT (GLOBE NEWSWIRE) -- Announcing the release of the report "Uninterruptible Power Supply (UPS) Market - Growth, Trends, COVID-19 Impact and Forecast" - https: //www.reportlinker.com/p06311683/?utm_source=GNW The outbreak has impacted sales and operations for many UPS manufacturers, resulting in the closure of manufacturing plants. As a result, some market players around the world are facing supply chain disruptions.
Rising trends in IoT and smart buildings, increasing number of data centers worldwide, growing trends in virtualization and cloud computing, and growing adoption of multi-cloud and network upgrades are expected to drive the global UPS market over the forecast period. In addition, substantial growth in demand for reliable power solutions that can support large-scale manufacturing facilities is expected to drive the UPS market. However, the high cost of online UPS and some limitations of UPS in protecting heavy equipment from power outages may negatively impact the growth of the market. Key Highlights The industrial sector is expected to dominate the market growth over the forecast period. Technological advancements in UPS battery systems, such as new lithium-ion (Li-ion) batteries with high operating temperatures, are expected to create huge opportunities for traditional data centers. UPS systems can also be installed as backup systems in the event of grid failure, creating new opportunities in the future.
Asia Pacific is expected to be the fastest growing market during the forecast period, with most of the demand coming from China, Japan, India, Australia, etc. Key Market Trends The industrial sector is expected to dominate the market. In industry, uninterruptible power supplies are used in a wide range of applications, including nuclear power plants, oil rigs, petrochemical plants, pharmaceutical plants, food and beverage industries, and others. Industrial uninterruptible power systems are installed in harsh environments. As with any industrial environment, interruptions in AC power can cause dangerous process instability or costly damage to processing systems. Additionally, these environments have higher ambient temperatures and more air pollution, so UPS systems are designed to withstand extreme temperatures and moderate amounts of non-conductive dust. Uninterruptible power supply is an important support system to ensure the continuous operation of industrial-grade infrastructure. Uninterruptible power systems are often used to support critical infrastructure during major failures. Additionally, in the event of a brief power outage, industrial-grade uninterruptible power supplies can provide critical infrastructure with power stored in batteries until utility power is restored.
Asia Pacific is expected to dominate the market Asia Pacific is a developing region with frequent power outages and unstable power supply throughout the region, especially in Malaysia, Cambodia, the Philippines and several other countries in the region. Major end users of UPS systems in the region include the region's burgeoning industrial and manufacturing, telecommunications, commercial and residential sectors. In the Asia-Pacific region, manufacturing is one of the main contributors to the economies of various countries, and China is the largest hub for manufacturing. Japan, India, South Korea, and Indonesia are also some of the major contributors in the Asia-Pacific region, while countries such as Vietnam, Malaysia, and Singapore are also expected to increase their share over the forecast period. Manufacturing automation involving computer-based control systems, programmable logic control (PLC) units, and process control applications has prompted industrial facilities to require UPS systems. UPS systems not only provide backup power in the event of a power failure, but also protect equipment from power failures such as power dips, surges, undervoltage, overvoltage, line noise, frequency changes, switching transients, and harmonics distortion.
Therefore, UPS systems have become an important part of almost all industries, such as telecommunications, engineering, manufacturing, R&D, education, medicine, IT, BPO, aviation, banking, etc. Manufacturing covers a wide range of industries, including automotive, food processing, semiconductors, steel manufacturing, and more, all of which require power quality equipment like UPS systems to function smoothly because fluctuating and disruptive power can cause significant The monetary loss to the industry.. For example, in December 2021, China approved plans to build four large data center clusters in its north and west to support the data needs of major centers in Beijing and the coast. These clusters will be built in northern Inner Mongolia, northwestern Ningxia, Gansu province and southwestern Guizhou province. In 2021, several players signed agreements to build data centers in India. Digital Realty and Brookfield formed a joint venture to develop data centers, as did Iron Mountain and Web Werks, EdgeConneX and Adani, and Yondr and Everstone. In 2021, Google opened a second data center in India, while Microsoft began building a fourth.
Power outages and subversions can cause significant damage to industries and businesses that rely heavily on high-quality electricity for smooth operations. However, in developing countries such as India and China, it is difficult for authorities to maintain quality electricity. For example, according to Invest India, India will have nearly 620 GW of power generation by 2026-27, of which 38% will come from coal and 44% from renewables. India's energy diversification goals and objectives to provide 24x7 electricity supply through a substantial increase in renewable energy generation capacity is estimated to be a significant driver of the market. Growing electricity demand, increasing disposable income, and demand for reliable power sources are expected to support the UPS market in India during the forecast period. Hence, based on the above factors, Asia Pacific is expected to be the fastest growing UPS market during the forecast period.
SOYAN Introduction
Since its establishment in 2011, Shenzhen Soyan Technology Co., Ltd. has been deeply engaged in industrial automation and energy power products, providing efficient and energy-saving solutions. "Provide value-for-money energy storage power products and the best services, and realize a green, energy-saving, low-carbon and efficient quality life for users.And brought a large number of high-quality and affordable UPS power supplies to the market, covering single-phase and three-phase, high-voltage and low-voltage, DC-coupled and AC-coupled retrofit solutions.You are welcome to join us to discuss related issues such as supply chain disruption in the future market of UPS manufacturers under the epidemic, growth and trend development of UPS in the market.
