Report : Europe Uninterrupted Power Supply Market Forecast to 2031 - Regional Analysis - by Type (Standby, Line Interactive, and Online), Rating (upto 50 kVA, between 50 to 100 kVA, and above 100 kVA), and End User (Data Centers, Telecom, Healthcare, Industrial, and Others)
At 5.6% CAGR, Europe Uninterrupted Power Supply Market is Projected to be Worth US$ 3,652.92 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Europe uninterrupted power supply market was valued at US$ 2,362.99 million in 2023 and is expected to reach US$ 3,652.92 million by 2031, registering a CAGR of 5.6% from 2023 to 2031. IoT enables UPS systems and increase in requirement for UPS in smart buildings are among the critical factors attributed to drive the Europe uninterrupted power supply market growth.
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 act. 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.
On the contrary, high cost hampers the growth of Europe uninterrupted power supply market.
Based on type, the Europe uninterrupted power supply market is segmented into standby, line interactive, and online. The online segment held 41.1% market share in 2023, amassing US$ 970.91 million. It is projected to garner US$ 1,418.04 million by 2031 to register 4.8% CAGR during 2023–2031.
In terms of rating, the Europe uninterrupted power supply market is categorized into upto 50 kVA, between 50 to 100 kVA, and above 100 kVA. The above 100 kVA segment held 42.3% share of Europe uninterrupted power supply market in 2023, amassing US$ 998.86 million. It is anticipated to garner US$ 1,437.90 million by 2031 to expand at 4.7% CAGR during 2023–2031.
By end user, the Europe uninterrupted power supply market is segmented into data centers, telecom, healthcare, industrial, and others. The data centers segment held 27.5% share of Europe uninterrupted power supply market in 2023, amassing US$ 650.73 million. It is projected to garner US$ 1,033.62 million by 2031 to expand at 6.0% CAGR from 2023 to 2031.
Based on country, the Europe uninterrupted power supply market is categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 33.5% share of Europe uninterrupted power supply market in 2023. It was assessed at US$ 791.62 million in 2023 and is likely to hit US$ 1,255.28 million by 2031, registering a CAGR of 5.9% during 2023–2031.
Key players operating in the Europe uninterrupted power supply market are Schneider Electric SE, ABB Ltd, Toshiba Corp, Cyber Power Systems (USA) Inc, Eaton Corp Plc, Emerson Electric Co, Delta Electronics Inc, Legrand SA, Mitsubishi Electric Corp, and Kehua Data Co Ltd, among others.
- In January 2021, Toshiba International Corporation (TIC) announced the launch of the G9400 Series Uninterruptible Power System for global use. The G9400 Series features Gen 7 IGBTs, the latest generation of advanced Carrier Stored Trench Bi-Polar Transistor (CSTBT) IGBT technology, the "engine" of the UPS. The G9400 technology allows for high power density in a small footprint and 97% online efficiency at various loads, making it ideal for large Colocation or Hyper-Scale Data Centers around the globe.
- In August 2023, Eaton announced that its 9PX lithium-ion uninterruptable power supply (UPS) is now available with a 6 kVA power rating. The UPS model is available immediately with a five-year warranty and is the latest addition to Eaton's 9 series single-phase double-conversion UPS line.
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