Global Modular UPS Market: Market Analysis by Knowledge Sourcing Intelligence
The modular UPS market was valued at US$1.198 billion in 2017 and is projected to expand at a CAGR of 2.2% over the forecast period to reach US$2.711 billion by 2023. The current trend of using smaller modular systems which are capable of scaling according to the load demand is driving the growth of the global modular UPS market. According to the QPS which is headquartered in Maddison WI, modular UPS systems are one of the fastest growing products in the 3 phase UPS industry and is expected to reach an estimated sale of 2.5 billion dollars by 2020.
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| Sample view of Global Modular UPS Market Forecast |
Global Modular UPS Market by Geography:
By geography, the modular UPS market is segmented as Americas, Europe Middle East and Africa, and the Asia Pacific. The Americas is further segmented into North America and South America. The data center market is dominated by the Americas followed by Europe. The Asia Pacific region is considered to be the fastest growing on account of high infrastructure spending in the IT industry. Countries like India are focusing on the large metropolitan cities such as Mumbai, New Delhi, Chennai, and Bangalore with key players interested in investing in the data center infrastructure which will fuel the demand for the modular UPS, thus, significantly contributing to the market growth in the coming years. The market research provides a detailed analysis of global modular ups market on the basis of various segment like- by industry vertical, by geography etc. |
| Sample view of Global Modular UPS Market Share by Geography |
Global Modular UPS Market by Industry Vertical:
By industry vertical, modular ups market is segmented as BFSI, Healthcare, Media and Entertainment, Information and Communication Technology, Manufacturing, and Others. In addition to reduced operating costs compared to traditional ups systems the modular UPS offers greater flexibility, easier manageability, greater availability, and scalability throughout its operational life, these solutions are widely used by various BFSI service providers, IT and telecom operators and small and medium data centers. Hospitals and other medical institutes use modular UPS to ensure continuous operation of critical equipment such as life support. Moreover, emerging trend of accessing data through the internet and mobile devices has boosted the need for uninterrupted data access systems which is further fueling the demand for modular UPS for constant access to stored information.
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