According to our latest study on "Uninterrupted Power Supply Market Forecast to 2031 - Global and Regional Share, Trend, and Growth Opportunity Analysis - by Type, Rating, and End User," the market was valued at US$ 10.82 billion in 2023 and the uninterrupted power supply market size is projected to reach US$ 17.52 billion by 2031. The uninterrupted power supply market is expected to record a CAGR of 6.2% from 2023 to 2031.

IoT Enabled UPS Systems for Uninterrupted Power Supply Market Growth During the Forecast Period

IoT is revolutionizing UPS by enabling better monitoring and remote administration. IoT-enabled UPS systems have sensors that capture real-time data on battery status, load levels, temperature, and humidity. They submit this data to a cloud-based platform for complete analysis, which enables the necessary steps. This enables proactive monitoring and maintenance of UPS systems, resulting in early detection of possible issues and reduced downtime. For example, if a UPS system detects that the battery is getting low, it can instantly notify specific workers, allowing them to take action. Furthermore, IoT-enabled UPS systems can be remotely managed and controlled, offering greater flexibility and convenience. UPS systems can be easily monitored and managed using web-based and mobile applications. This allows for remote settings and configurations, such as modifying battery runtime, changing shutdown parameters, or running diagnostics. This is done without physical access to the UPS system, saving time and effort and allowing for more efficient control of several UPS systems in various locations, making it perfect for large-scale deployments.

Another key advantage of connecting IoT and UPS systems is predictive maintenance. IoT-enabled UPS systems can use data analytics and machine learning algorithms to analyze historical and real-time data to discover patterns and trends that may indicate prospective equipment breakdowns. For example, if the system detects a progressive drop in battery performance over time, it can estimate the battery's remaining lifespan. It can also plan battery replacement before an outage occurs. This helps prevent unexpected failures and extends the lifespan of the UPS system, resulting in increased reliability and lower maintenance costs.

Key Findings of Uninterrupted Power Supply Market Study:

The uninterrupted power supply market analysis has been carried out by considering the following segments: type, rating, and end user. Based on type, the market is segmented into standby, line-interactive, and online. In terms of rating, the market is divided into up to 50 kVA, between 50 and 100 kVA, and above 100 kVA. Based on end user, the market is segmented into data centers, telecom, healthcare, industrial, and others. The data centers segment held the largest uninterrupted power supply market share in 2023.

Based on type, the market is segmented into standby, line-interactive, and online. A standby power supply (SPS) is a device that offers emergency power to connected devices when the primary power source fails or experiences disruptions. Just like the UPS, SPS has a battery; however, when it loses AC power, its battery only provides power to computers, servers, networking equipment, and communication systems. An SPS is not as efficient as a UPS because first, the SPS should detect a power-out condition and then switch over to the battery to supply power to the computer. For computing systems, an SPS provides a buffer against power blackouts, fluctuations, or brownouts. This buffer allows users to save ongoing work and safely shut down systems, inhibiting potential hardware damage or data corruption. Many advanced SPS models include power conditioning features that suppress surges regulate voltage levels and filter out noise. This helps maintain a clean and stable power supply, improving the longevity and performance of connected devices.

Moreover, factors such as the increase in requirement for UPS in smart buildings propel the uninterrupted power supply market growth. Also, smart UPS systems are expected to bring new uninterrupted power supply market trends in the coming years.

The scope of the uninterrupted power supply market report is primarily divided into North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific accounted for the largest uninterrupted power supply market share in 2023.

Schneider Electric, Emerson Electric Co., Toshiba Corporation, ABB Ltd, Eaton Corporation PLC, Mitsubishi Electric Corporation, Cyber Power Systems (USA), Inc., Delta Electronics, Inc., Legrand, Kehua Tech, Riello UPS, and S&C Electric Company are among the key players profiled in the uninterrupted power supply market report.

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