PR Tite 1:- Meticulous Research® Projects Global Modular UPS Market to Reach $9.2 Billion by 2031
Meticulous Research®, a leading global market research company, has published a comprehensive report titled, "Modular UPS Market by Power Capacity (50kVA and below, 51-100 kVA), Organization Size, End-use Industry (Data Centers, Commercial, Enterprises), and Geography - Global Forecast to 2031."
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According to the report, the global modular UPS market is poised to reach $9.2 billion by 2031, exhibiting a CAGR of 11.4% from 2024 to 2031. This growth is driven by the rising demand for zero downtime across various end-users, the increasing necessity for large-scale data centers and cloud technology in the telecom sector, and the growing need for scalable and redundant power systems. However, market growth may be hampered by the availability of alternative power backup systems.
Market Growth Drivers and Opportunities
The report highlights the significant growth drivers for the modular UPS market:
• Zero Downtime Demand: Increasing requirements from various end-users.
• Data Centers and Cloud Technology: Rising demand in the telecom sector.
• Scalable and Redundant Power Systems: Essential for modern enterprises.
Additionally, the surge in hyperscale data centers presents lucrative growth opportunities for market players. Despite these prospects, the market faces challenges such as a lack of awareness among non-data center entities. A notable trend is the increasing need for green power supplies.
Detailed Market Segmentation
Power Capacity:
• 50kVA and Below
• 51-100 kVA: Expected to hold 35.0% of the market in 2024 due to usability, easy installation, capacity expansion, and hassle-free maintenance.
• 101-250 kVA
• 251-500 kVA
• 501kVA and Above
Organization Size:
• Large Enterprises: Predicted to dominate with 71.0% market share in 2024, driven by strategic IT initiatives and the need to manage large data volumes.
• Small & Medium-Sized Enterprises: Projected to register the highest CAGR from 2024 to 2031, supported by increased demand for small-scale servers and PCs, and zero downtime requirements.
End-use Industry:
• Data Centers: Anticipated to capture 24.0% of the market in 2024 due to the demand for sustainable power protection and large-scale data centers.
• Industries
• Commercial
• Enterprises: Expected to record the highest CAGR from 2024 to 2031, driven by the need for zero power downtime and reliance on large-scale applications.
Geography:
• North America: Predicted to lead with a 37.0% market share in 2024, thanks to the presence of key market players and advancements in cloud computing and digital services.
• Asia-Pacific: Forecasted to register the highest CAGR of 13.0% during the forecast period, driven by rapid adoption of advanced technologies and increasing demand for hyperscale data centers.
Key Market Players
Leading companies in the modular UPS market include:
• Schneider Electric SE (France)
• Huawei Technologies Co., Ltd. (China)
• Eaton Corporation plc (Ireland)
• Vertiv Group Corporation (U.S.)
• Delta Electronics, Inc. (U.S.)
• Toshiba International Corporation (Japan)
• Cyber Power Systems (USA), Inc. (U.S.)
• Xtreme Power (U.S.)
• SOCOMEC Group (France)
• Centiel (Switzerland)
• RPS Spa (Italy)
• AEG Power Solutions B.V. (Netherlands)
• Borri S.p.A. (Italy)
• Emerson Electric Co. (U.S.)
• Numeric (India) (A part of Legrand S.A.)
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