The global 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 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.
Major Modular UPS vendors 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). These market players have adopted various growth strategies, such as partnerships, agreements & collaborations, and new product enhancements to expand their presence in the Modular UPS market. Product enhancements and collaborations have been the most adopted strategies by major players from 2018 to 2020, which helped companies innovate their offerings and broaden their customer base.
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Eaton is one of the leading players in the Modular UPS market. Currently, Eaton is working toward enhancing its market share and presence with inorganic and organic growth strategies, such as acquisition and product enhancements. For instance, in February 2020, Eaton acquired Power Distribution, a US supplier of mission-critical power distribution, static switching, and power monitoring equipment and services for data centers and industrial and commercial customers. This acquisition expands the company’s data center power distribution and monitoring solutions.
Huawei is a growing player in the Modular UPS market. The company focuses on organic and inorganic growth strategies to improve its position in the Modular UPS industry. For instance, in February 2020, Huawei launched its UPS power module across the world. This launch enables the power density of a single module to reach up to 100 kW/3 U. This facilitates improved data center utilization and increases revenue.
Modular Uninterruptible Power Supply (UPS) Market by Component (Solutions (50kVA & below, 51-100 kVA, 101-250 kVA, 251-500 kVA) and Services (Consulting, Integration & Implementation)), Enterprise Size, Vertical, and Region - Global Forecast to 2025
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