UPS
Industry Reports
Renon Technology (Shenzhen) Co., Ltd.
01
Industry Summary
The total global UPS market is expected to grow from 15Gwh by 2030, with an annual growth rate of 4%, thanks to the widespread adoption of big data technologies, the growing number of data centers, and the high demand in emerging economies. From an applied materials perspective, lead has been the dominant technology for decades and is expected to remain dominant over the next decade. In comparison, lithium market penetration is expected to reach 7-18% by 2030.
02
Global Market Overview
In 2020, due to the impact of the pandemic of COVID-19, the global economic development was hindered, and the economic development of major countries and regions in the world was affected to varying degrees. The global UPS market size was US$6.75 billion, a year-on-year decrease of 4.7%.
2018-2020 Global UPS Market Size and Growth
For UPS, the entire market will grow from $2.8 billion to $3.5 billion at an annual rate of 3% during 2015-2025, with lead batteries growing slowly (1%) and lithium-ion batteries developing rapidly. 2020 Annual lithium UPS accounts for about 14% of the total share.
Global Lithium Battery UPS Market Share, 2015-2025 (Billion/USD)
Eaton, Schneider, and Emerson are three major foreign companies that monopolize the mid-to-high-end UPS market. Specifically, the mid-to-high-end UPS market is basically monopolized by the three Fortune 500 companies Eaton, Schneider, and Emerson, with a combined market share of more than 70%. In addition, other European and American UPS manufacturers have transformed themselves into brand distribution. In the mid-to-high-end UPS market, multinational companies have a smaller market share than the mid-to-high-end market because they do not have cost advantages. On the contrary, brand dealers are active.
In the lithium battery UPS market, Chinese companies have sprung up. At present, domestic equipment and lithium battery giants such as Huawei, Xiongtao, Shuangdeng Group, and Ningde Times are actively deploying lithium battery UPS by virtue of their advantages in the lithium battery industry chain, and compete with foreign traditional UPS companies such as Emerson, Schneider Electric and Eaton Power.
03
Regional Market
US Market
The size is expected to reach USD 2.5 billion by 2026, growing at a CAGR of 5.5% during the forecast period 2021-2026. Rising demand for reliable power solutions that can support mass manufacturing is expected to drive the growth of the UPS market. In addition, due to the increase in data-related services, as well as the growth of cloud computing and virtualization, the demand for data centers in the United States continues to rise, and the related UPS market for data centers has also ushered in further growth.
U.S. UPS market size in 2021 & 2026 (USD 100 million)
European Market
The European UPS market reached US$2.2 billion in 2019 and is in a mature stage, and the market is expected to grow slowly in the next two years. From a product perspective, the modular UPS segment is expected to grow nearly twice as fast as the traditional UPS system segment. In terms of market regions, the United Kingdom and Germany are the two largest countries in terms of revenue for UPS manufacturers in Europe, and together they accounted for 38.0% of the total market in 2019.
Research and Markets analysis pointed out that the European UPS battery market is expected to grow from $180.38 million in 2020 to $385.17 million in 2028; from 2021 to 2028, it is expected to grow at a compound growth rate of 10.7%.
European UPS battery market size (USD million)
Japanese Market
According to analysis, the size of the UPS market in Japan increased by 104.1% year-on-year to 75.965 billion yen in fiscal 2019, but due to the impact of the new coronavirus, it is expected to decline to 70.715 billion yen in fiscal 2020.
In terms of market segments, in fiscal year 2019, although the market for products in frequency bands with capacities below 100kVA shrank, the demand for products in high-capacity frequency bands above 100kVA for data centers was strong, and the overall market scale expanded.
Shipments of the uninterruptible power supply (UPS) market in Japan are estimated to be around 70.7 billion yen in fiscal 2020. It is expected to reach nearly 77.5 billion yen by 2023. The Japanese UPS market size (based on manufacturer's shipments) is expected to be 77.45 billion yen in 2023. Although shipments are falling, unit prices will rise as production capacity increases, and the market size will remain almost unchanged. In terms of power market segments, there is still a long way to go to create new demand for products with different capacity bands below 99kVA, and there are currently few materials for market expansion. The situation of large-capacity band products above 100kVA remains strong and will continue Growth prospects covering the entire market.
2018-2023 Japanese UPS market shipments (billion yen)
