TechSci Research's report on the Global Standby UPS System Market indicates a robust growth projection with a Compound Annual Growth Rate (CAGR) of 11.28% through 2028. A Standby UPS System is an electrical device designed to provide backup power during power outages or voltage fluctuations. It serves as a crucial intermediary between the main power source and connected equipment, ensuring a continuous and stable power supply. The application of UPS systems spans various sectors, including data centers, hospitals, telecommunications, and home electronics, providing protection against power interruptions and safeguarding sensitive equipment.
Drivers of the Global Standby UPS System Market include the escalating demand for reliable power solutions, increased adoption of cloud-based services, and the proliferation of electronic devices across diverse sectors. The need to protect sensitive equipment and prevent data loss due to power disruptions is a key factor driving the demand for UPS systems.
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The growth of e-commerce, coupled with the expanding data center industry, further fuels the demand for UPS units. Additionally, the surge in renewable energy usage and the push for energy-efficient solutions create opportunities for advanced and eco-friendly UPS systems.
However, the market faces challenges such as the high initial cost of UPS systems, deterring price-sensitive customers. Maintenance costs may also increase due to limited battery life and the need for periodic replacements. The restricted power capacity of UPS units may not be sufficient for high-power demanding applications. The adoption of virtualization and cloud computing technologies is further impacting the demand for UPS systems in certain applications.
The report provides a comprehensive overview of the Global Standby UPS System Market, with insights on market data figures spread across 188 pages and a detailed Table of Contents. It delves into the segmentation based on product types, including online/double conversion, line-interactive, and offline/standby. The online/double conversion segment dominates the market, offering seamless power protection against outages and electrical disturbances.
Capacity-wise, the market is segmented into up to 50 kVA, 51-200 kVA, and above 200 kVA. The 51-200 kVA segment holds the largest market share in 2022, driven by the growing demand for UPS systems in medium to large-scale applications requiring higher power capacities.
Key market players in the Global Standby UPS System Market are following:-
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Emerson Electric Co.
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ABB Ltd
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Schneider Electric SE
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Riello Elettronica SpA
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EATON Corporation PLC
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Toshiba Corporation
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Xiamen Kehua Hengsheng Co. Ltd.
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Customers can access a free sample report and request a 10% customization on this comprehensive study. Mr. Karan Chechi, Research Director at TechSci Research, notes the increasing demand for standby UPS systems, especially for consumer electronics, driven by the global surge in desktop computer shipments during the COVID-19 pandemic. He emphasizes the economic viability of standby UPS systems for devices with low power consumption, making them a preferred option for a wide range of applications.
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