Report : Middle East & Africa 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 4.2% CAGR, Middle East & Africa Uninterrupted Power Supply Market is Projected to be Worth US$ 860.90 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa uninterrupted power supply market was valued at US$ 620.76 million in 2023 and is expected to reach US$ 860.90 million by 2031, registering a CAGR of 4.2% from 2023 to 2031. Dynamic grid support technology and increase in requirement for UPS in smart buildings are among the critical factors attributed to drive the Middle East & Africa uninterrupted power supply market growth.
The energy environment is rapidly changing, with renewables playing an increasingly important role. The intermittent nature of these energy sources presents both challenges and opportunities, necessitating the development of new and more efficient UPS and energy storage systems and services, as well as providing flexibility in grid frequency control and energy demand for user’s site, allowing us to tap into new revenue streams and save money. The grid occasionally demands additional capacity, which is often unavailable and costly. This is where energy storage systems and dynamic grid support come in handy, particularly if there is a UPS system in place. Grid balancing services allow you to generate cash while not impacting your IT load. The data center sector is at the forefront of the world's never-ending demand for more energy. Industry players are seeking solutions to address the grid stability issues posed by rising demand and the temporary imbalances endemic to renewable energy sources, which can cause frequency changes and, if left uncontrolled, outages. What makes UPS or other energy storage devices good candidates for grid balancing is that backup batteries in a UPS only come into action when there is an outage, so these batteries go unused for most of their life. Smart UPS technology makes use of the batteries' storage systems to store energy and rapidly release it when needed—all while maintaining the UPS system's ability to protect the load. Furthermore, a grid-interactive UPS with a sufficiently sized energy storage system is intended to respond quickly enough to meet frequency containment requirements while supporting income-generating services.
On the contrary, high costs hampers the growth of Middle East & Africa uninterrupted power supply market.
Based on type, the Middle East & Africa uninterrupted power supply market is segmented into standby, line interactive, and online. The online segment held 42.2% market share in 2023, amassing US$ 261.74 million. It is projected to garner US$ 345.68 million by 2031 to register 3.5% CAGR during 2023–2031.
In terms of rating, the Middle East & Africa 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 42.5% share of Middle East & Africa uninterrupted power supply market in 2023, amassing US$ 263.86 million. It is anticipated to garner US$ 360.04 million by 2031 to expand at 4.0% CAGR during 2023–2031.
By end user, the Middle East & Africa uninterrupted power supply market is segmented into data centers, telecom, healthcare, industrial, and others. The data centers segment held 26.8% share of Middle East & Africa uninterrupted power supply market in 2023, amassing US$ 166.32 million. It is projected to garner US$ 239.60 million by 2031 to expand at 4.7% CAGR from 2023 to 2031.
Based on country, the Middle East & Africa uninterrupted power supply market is categorized into KSA, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that KSA captured 31.9% share of Middle East & Africa uninterrupted power supply market in 2023. It was assessed at US$ 198.24 million in 2023 and is likely to hit US$ 280.47 million by 2031, registering a CAGR of 4.4% during 2023–2031.
Key players operating in the Middle East & Africa 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 November 2023, Schneider Electric announced at its Capital Markets Day meeting with investors a $3 billion multi-year agreement with Compass Datacenters. The agreement extends the companies' existing relationship that integrates their respective supply chains to manufacture and deliver prefabricated modular data center solutions.
- In June 2022, ABB announced that it has collaborated with Israel fuel cell manufacturer GenCell to install a unique hydrogen-based Uninterrupted Power Supply (UPS) system at the Hillel Yaffe Medical Center in Israel.
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