Modular (UPS) Market size is expected to grow from USD 3.7 billion in 2020 to USD 6.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The major factors driving the growth of the Modular UPS market include increasing demand for zero power downtime from various sectors, growing need for scalable and redundant power systems, and demand for hyperscale data centers, cloud usage, and large colocation facilities.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176385588
The large enterprise segment to hold the largest market size during the forecast period
The adoption of modular UPS solutions and services is higher in large enterprises, and the trend is expected to continue during the forecast period. Modular UPS systems offer continuous power supply, with different power range modules, to large enterprises. Therefore, large enterprises heavily invest in advanced technologies to increase their overall productivity and efficiency. The demand for flexible, scalable, and convenient services by large enterprises is expected to encourage market players to develop newer technologies and innovative solutions.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=176385588
Manufacturing to record the fastest growth rate during the forecast period
With increased automation in the manufacturing vertical, the number of machines, automation tools, and electronic circuits has increased. This has increased the productivity of manufacturing units. This has also increased dependency on electric power. In the case of power cuts, there will be downtime, machine breakdowns, and productivity reduction. Critical power downtime leads to potential revenue losses. Any downtime would negatively impact businesses, leading to financial losses. This vertical relies on its supply chain to drive its business revenue. In addition to these issues, the manufacturing vertical needs to maintain its huge machinery, which calls for recurring and increasing costs. To continue business operations and avoid losses, there must be modular UPS systems to supply power in emergencies such as the failure of primary power supply. These modular UPS systems help manufacturing enterprises continue manufacturing processes.
Get More Info - https://www.marketsandmarkets.com/Market-Reports/modular-ups-market-176385588.html
APAC is projected to be the fastest-growing region during the forecast period
The modular UPS market in APAC is expected to grow at the highest growth rate during the forecast period. This growth is due to the increasing budgets by enterprises. The major economies in APAC continue to exhibit strong growth in the modular UPS market. Positive economic growth, digital transformation, the proliferation of smart and IoT devices, and high-speed internet connectivity make this region the fastest-growing market. In terms of the overall market share, China, Japan, and New Zealand are expected to contribute significantly to the modular UPS market in APAC because of verticals such as BFSI, manufacturing, and cloud service and colocation providers. The APAC modular UPS market is still in the early growth phase; however, the rising need for reliable power supply in case of emergencies from enterprises is expected to boost the market growth.
Market Players
Some prominent players across all service types profiled in the Modular UPS market study include Schneider Electric (France), Huawei (China), ABB (Switzerland), Eaton (Ireland), Emerson (US), Legrand (France), Vertiv (US), Rittal (Germany), Delta Electronics (Taiwan), Toshiba (Japan), HPE (US), AEG Power Solutions (Netherlands), Panduit (US), Gamatronic (Israel), Tripp-Lite (US), XtremePower (US), Socomec (France), Centiel (Switzerland), Cyberpower (US), Riello UPS (Italy), and Borri (Italy).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]