Modular UPS Industry Overview
The Modular UPS provides additional power to the system, which results in efficient usage of data centers with an increased lifespan of battery life and flexible modularity. The Modular UPS Market is noticing higher growth due to its demand in industrial verticals. Also, the rise in the need for additional power supply and the usage of modular UPS in data center applications are prominent driving factors of the Modular UPS Market.
The modular ups industry is receiving higher opportunities due to the increased demand for hyperscale data centers, cloud usage, and large colocation facilities is fueling up the market.
The global pandemic has shown a drastic impact on different industries’ economies by shutting down the manufacturing and production units. The Modular UPS Market also faced this challenging situation which harmed the market’s sales. Further, the supply chain networks got disrupted. However, in the future days, the market is expected to recover from the losses and rise back with the efforts of the industrial players.
The Modular UPS Market is projected to reach a CAGR of 10.53 % and account value of USD 6.71 billion during the evaluation period in the global market.
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Modular UPS Industry Competitive Dashboard:
The prominent players in the modular UPS market are – ABB Group (Switzerland), Emerson Electric Co. (U.S.), Eaton Corporation PLC (Ireland), Huawei Technologies Co. Ltd. (China), Schneider Electric SE (France), General Electric (U.S.), Delta Electronics, Inc. (Taiwan), Gamatronic Electronic Industries Ltd. (Israel), Riello Electronica Group (Italy), Tripp Lite (U.S.) among others.
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Market Segments
The Modular UPS Market is segmented based on the components, organization size, and verticals.
The component part of the market is categorized into solutions and services, which are further segmented into different segments. The solution segment includes below or 50 kVA, 51 to 100 kVA, 101 to 250 kVA, 251 – 500 kVA, 501 kVA, and above. The services are sub-divided into integration and implementation, training, education, consulting, support and maintenance, and many others.
The organization size of the market consists of small and medium-sized enterprises and large enterprises. The industrial verticals are classified as cloud service and colocation providers, banking financial services and insurance, healthcare, energy utilities, telecom, manufacturing, government and public sector, education, retail, and many others.
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Regional Analysis
According to the geographical reports, the Modular UPS Market covers the prominent continents of the world such as North America, Asia Pacific, European region, Latin America, the Middle East and the African region.
Among the above continents, Asia Pacific is noticed to be the largest shareholding region due to the rise in demand for additional power supply with cost-effective solutions. The increased population is also driving the market’s demand in this region.
The second shareholding region is the North American region due to the presence of major dominating regions such as Canada and the US. The development of advanced technology and the increased number of data centers and their higher applications is driving the demand of the regional market.
The European region is considered as the third-largest shareholder of the due to the presence of countries like France, Germany, and the UK and their increased rate of expenditure for infrastructural development.
The other regions, including Latin America and the Middle East and the African region, are showing a significant growth rate due to the gradual development of infrastructure.
