Report Description

Forecast Period


Market Size (2022)

USD 15.83 billion

CAGR (2023-2028)


Fastest Growing Segment

Online UPS System

Largest Market


Market Overview

The Global UPS Market reached a size of USD 15.83 billion in 2022 and is projected to grow to USD 19.52 billion by 2028, with a CAGR of 6.25% from 2022 to 2028. The UPS market is projected to be driven by the growing demand for electricity, rising disposable income, and the need for a reliable power source. Industries and organizations heavily reliant on consistent electricity for efficient operations face significant disruptions and losses due to power outages and fluctuations. Developing nations face challenges in maintaining high-quality power supply. Additionally, the fourth industrial revolution has witnessed substantial growth in recent years, transforming manufacturing processes through the integration of cutting-edge technologies such as IoT, cloud computing, analytics, AI, and machine learning. Given the criticality of these operations, many businesses employ UPS systems to stabilize power and ensure uninterrupted data security and production line efficiency during outages. Consequently, the UPS market is expected to witness growth during the forecast period based on the aforementioned factor.

Key Market Drivers

Surge in Industrial Automation and IoT Adoption

The proliferation of industrial automation and the adoption of the Internet of Things (IoT) have emerged as significant drivers of the global UPS market. The manufacturing, transportation, logistics, and smart infrastructure industries have wholeheartedly embraced automation and IoT technologies to optimize processes, enhance productivity, and reduce human intervention. Automation heavily relies on sensitive electronic devices and control systems, which are susceptible to power disruptions. Even a momentary power interruption can result in costly production losses and compromised safety. UPS systems act as a reliable buffer, ensuring continuous power supply to automation controllers, sensors, and actuators, thereby minimizing the risk of process disruption and equipment damage. IoT devices, integrated into various applications, collect and transmit real-time data, enabling intelligent decision-making and remote control. To maintain the integrity and availability of IoT data streams, UPS systems serve as a critical safeguard during power failures, keeping communication channels open and preventing data loss.

Growing Concerns about Power Quality and Reliability

Growing concerns regarding power quality and reliability are driving the widespread adoption of UPS systems globally. Utility power supply often encounters voltage fluctuations, sags, surges, or blackouts, posing risks to electronic devices and sensitive equipment. Even minor power disturbances can result in equipment malfunction, data corruption, or system failure. UPS systems effectively tackle power quality issues by delivering clean and stable power to connected equipment. They serve as a protective barrier, shielding sensitive devices from utility power irregularities and ensuring a consistent supply of regulated power. This not only extends the lifespan of equipment but also enhances system performance and efficiency. Businesses and organizations are increasingly cognizant of the expenses associated with power-related disruptions, including equipment repairs, data recovery, and productivity losses. Consequently, they invest in UPS systems to mitigate these risks and maintain uninterrupted operations, particularly in regions with unreliable utility power.

Need for Business Continuity and Disaster Recovery

The demand for business continuity and disaster recovery solutions is a significant driving force behind the global UPS market. Organizations face a range of threats, including natural disasters, equipment failures, cyber-attacks, and utility grid outages. The consequences of such disruptions can be severe, resulting in financial losses and damage to reputation. UPS systems play a crucial role in business continuity plans, ensuring uninterrupted operations during power outages. By providing immediate backup power, UPS systems enable businesses to execute orderly shutdowns or smoothly transition to secondary power sources, mitigating data loss and minimizing downtime. Comprehensive backup power solutions are essential for disaster recovery planning, safeguarding critical infrastructure and ensuring uninterrupted services for customers. UPS systems are an integral part of effective disaster recovery strategies, protecting data centers, communication networks, and vital equipment to facilitate swift recovery and restoration efforts.