Portland, OR, November 9, 2021 (GLOBE NEWSWIRE) – According to the report released by Allied Market Research, the global modular UPS market generated $ 3.5 billion in 2020 and is projected to reach $ 7.5 billion by 2030, a CAGR of 8.1% from 2021 to 2030 and competitive landscape.
The increasing rapid digitalization has led to a demand for reliable power supply and an increase in the demand for additional power supply is driving the growth of the global market for modular UPSs. However, a lack of awareness and high capital requirements for modular UPS systems limit the market to some extent. On the other hand, the increasing demand for large data center and cloud technology in the IT sector offers new opportunities in the coming years.
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The outbreak of the COVID-19 pandemic had a negative impact on the Modular Uninterruptible Power Supply (UPS) market as most of the state-owned, energy and other companies in the sector shut down. The pandemic created business continuity challenges in various sectors including construction, construction, real estate, IT, healthcare and manufacturing. This in turn had an impact on the modular UPS market growth. However, the modular UPS market is expected to recover soon due to the increasing demand for cloud services and data center deployments around the world
The report provides a detailed segmentation of the global Modular UPS Market based on the company size, end use, capacity, and region.
Based on company size, the large enterprise segment held the highest market share in 2020 with more than two-thirds of the total market share and is expected to maintain its leadership position over the forecast period. In addition, the SME segment will have the highest CAGR from 2021 to 2030 at 8.7%. The report also includes the analog segment.
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In terms of final consumption, the BFSI segment held the largest market share in 2020 with almost a quarter of the total market share and is expected to maintain its leadership position over the forecast period. However, the telecommunications segment is forecast to have the highest CAGR of 9.5% from 2021 to 2030.
Depending on the region, Asia-Pacific contributed to the highest proportion holds nearly a third of the total market share in terms of sales in 2020 and is expected to maintain its dominant share through 2030. Additionally, the same region is also expected to have the fastest CAGR of 9.5% over the forecast period. Other regions covered in the report are North America, Europe, and LAMEA.
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Leading players in the global modular UPS market analyzed in the study include ABB, AEG Power Solutions, Eaton, Emerson Electric, Schneider Electric, Huawei, Delta Electronics, Gamatronic, Tripp-Lite and Toshiba International Corporation.
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Allied Market Research (AMR) is a full-service market research and management consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of "Market Research Reports" and "Business Intelligence Solutions" to global corporations as well as medium and small businesses. AMR provides focused business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.
We have professional business relationships with various companies and this helps us dig up market data which helps us to create accurate research data tables and confirms the highest accuracy of our market forecasts. Pawan Kumar, CEO of Allied Market Research, is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality data and help customers succeed in every possible way. All of the data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the domain in question. Our method of obtaining secondary data involves in-depth online and offline research and discussions with knowledgeable professionals and industry analysts.
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