Green UPS Market Size, Share, and Industry Analysis, By Power Rating (Less than 5 KVA, 5 KVA – 20 KVA, 20 KVA – 60 KVA, 60 KVA – 200 KVA, and Above 200 KVA), By Technology (Online, Line-interactive, and Standalone), By End User (Data Centers, IT Networks/ Infrastructure, Telecommunications, Service Sector, and Others), and Regional Forecast, 2024-2032

Green uninterruptible power supply (UPS) is an electrical equipment or devices mainly used to provide continuous power supply during power outages or electricity shortages. It has advanced monitoring and thermal designing systems that help reduce overall energy consumption. In addition, a green UPS system saves more energy than traditional UPS devices and effectively reduces heat generation.

Increasing environmental concerns, rising energy costs across the globe, and the mounting demand for renewable and clean energy sources are key factors expected to fuel the growth of the global green UPS market over the forecast period. In addition, the growing information technology industry, rapid industrialization in many countries, and the rising number of data centers across the globe are major factors driving the expansion of the target market. The increasing demand for continuous power supply to protect sensitive devices from power fluctuations is another crucial factor expected to boost market development. In addition, the growing adoption of power storage technologies to use during a power cut or shortage across the globe results in the ever-increasing demand for green UPS across the globe. 

• In April 2022, the Ministry of Power stated that the maximum all-India power demand touched an all-time high of 201.06 gigawatts (GW), surpassing last year’s maximum demand. It expects this demand to reach about 215-220 GW during May-June 2022. 

Moreover, increasing technological innovations and developments are another factor expected to lead to high growth of the market over the forecast period. These developments are expected to provide market expansion opportunities for manufacturers across the globe,

However, lack of awareness about green UPS technology among individuals and the increasing cost of raw materials are key factors expected to restrain the global market growth. The main thrust of the green technology sector is to provide education and public awareness and promote its widespread use. Public attention is focused on more than just urban residents and is also focused on rural residents. 

The COVID-19 pandemic kept people indoors to prevent the spread of the virus. The government lockdown reduced the overall demand for consumer goods worldwide. The lockdown forced manufacturing plants and the closure of retail stores, reducing the need for electronic devices. In addition, the disruption in the supply chain created difficulties for electronic equipment manufacturers. However, a regular workforce shortage and social distancing conventions delayed the installation of new linear power supplies. The advent of work-from-home policies and frequent power outages resulted in profitable business prospects.

Key INSIGHTS

The report includes the following key findings:

• Recent Advances in the Green UPS Market


• Key Industry Trends


• Regulatory Landscape for the Green UPS Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)

SEGMENTATION

ANALYSIS BY POWER RATING

Based on power rating, the green UPS market is segmented into less than 5 KVA, 5 KVA – 20 KVA, 20 KVA – 60 KVA, 60 KVA – 200 KVA, and above 200 KVA. The 60 KVA- 200 KVA segment is projected to dominate the market over the coming years owing to its growing deployment in large facilities such as corporate offices, data centers, and others. The growing inclination of these infrastructures toward energy management systems and sustainability is leading to the increasing deployment of 60 KVA-200 KVA green UPS. The above 200 KVA UPS segment is estimated to grow steadily over the upcoming years due to its rising installations in large-sized data centers, industrial sectors, and others, to provide uninterrupted power supply.

The less than 5KVA UPS segment is required for powering small spaces such as residential, businesses, and other spaces that are small in size and require less power. 5 KVA – 20 KVA segment is witnessing growth in the market due to its requirement in relatively medium-sized infrastructures such as residential spaces, corporate offices, retail outlets, and others.  The 20 KVA – 60 KVA segment is forecasted to grow considerably over the forthcoming years owing to the surging requirement of clean energy solutions during power outages in larger residential and commercial facilities, including hospitals, hotels, educational institutions, and others.

ANALYSIS BY TECHNOLOGY

Based on technology, the market is segmented into online, line-interactive, and standalone. Online green UPS is anticipated to hold a considerable share in the market owing to its capability of continuously converting the AC input power to DC and then back to AC output power. Applying these UPS in IT infrastructures, healthcare facilities, and other spaces offers protection against power disturbances, such as power fluctuations during peak demand.

A line-interactive green UPS system is expected to hold a major market share as it offers automatic voltage regulation (AVR) for adjusting incoming voltage fluctuations without switching to battery power. The standalone segment will also grow significantly over the coming years due to the rising sales of electronics such as computers, gaming consoles, and peripherals. Its application is also forecasted to grow over the retail sector for uninterrupted operation of cash registers, credit card terminals, and others, for minimizing downtime and transaction errors.

ANALYSIS BY END USER

Based on end user, the data center segment  is set to record a significant revenue owing to an upsurge in the demand for lead-acid batteries. The batteries are popular in UPS applications in data centers due to their advantages, such as compatibility, high energy density, cost, and the ability to supply high voltage compared to other rechargeable batteries. The increasing adoption of green UPS in many data centers across the globe is a primary factor driving the data center segment growth.

Additionally, the surge in IT network infrastructure leads to the demand for environmentally friendly UPS to eliminate power outages that cause damage and data loss. Thus, IT network/ infrastructure holds a considerable share in the market.

The telecommunication segment is estimated to hold a substantial market share due to the rising telecommunication services affected by the rising population, expansion of commercial and industrial infrastructures, and other factors. The development of 5G infrastructure is also expected to enhance product demand over the coming years.

The service sector, which consists of banking, financial services, & insurance (BFSI), retail, and others, also requires the UPS to provide an uninterrupted power supply to electronic components. Hence, the expansion of these industries would create a positive impact on the product demand.

REGIONAL ANALYSIS

The green UPS market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold a dominant market share, owing to large number of data centers and the growing volume of digital data generated from allied sectors.

Europe also holds a remarkable share in the market due to the extensive presence of ICT and service industries. The requirement for green UPS grows to ensure uninterrupted operations and safeguard against power disruptions by maintaining carbon neutrality.

The government in the Asia Pacific region is playing a crucial role in driving the green UPS market growth. Various initiatives are constantly introduced to encourage people to use eco-friendly and energy-saving products such as green UPS. Furthermore, initiatives such as “Make in India” and “Made in China 2025” create opportunities for regional market players to increase their sales.

The Latin America market is estimated to grow steadily due to the rising efforts of the governments of the countries to increase the IT and services industries. The Middle East & Africa region is expected to record significant revenue growth due to a rise in automation and cloud services in the manufacturing and processing industries.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Cyber Power Systems Inc., Emerson Network Power Inc., Eaton Corporation P.L.C., Falcon Electric Co., General Electric Co., Numeric Power Systems, Rittal Corporation, Smart Power Systems, Socomec, Tech Data Corporation, and Tripp Lite.

KEY INDUSTRY DEVELOPMENTS

• In March 2021, TotalEnergies and Microsoft agreed on a strategic partnership to innovate and reduce greenhouse emissions. TotalEnergies would help develop batteries for Microsoft's uninterruptible power supply (UPS).

In February 2020, Huawei launched its UPS power module with a power density of 100kW/3U, which improves data center operations. The uninterruptible power supply module is predicted to reduce the operational costs of data centers across the globe.