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North American UPS Market size to reach $5,000 Mn by 2027
Published Date: 2022-04-08
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North American UPS Market size is anticipated to cross USD 5,000 million by 2027, according to a latest forecast report by Graphical Research.
Media & entertainment companies are creating a large amount of content with high resolution to fulfill customers’ demand. Over-The-Top (OTT) media services have gained popularity in North America as consumers are increasingly watching movies & programs online on various devices. The increasing amount of data generated by online streaming services such as Disney+ Hotstar, Hulu, and Netflix will drive the demand for UPS to manage power supply for equipment used in data centers & studios. These electronic devices employed in the media & entertainment industries are prone to damage & failure owing to sudden blackouts, power outages, and voltage fluctuations. A UPS provides these devices with battery backup power and protection, allowing uninterrupted delivery of audio/visual content on various platforms.
The ongoing COVID-19 pandemic moderately impacted the market growth in 2020. Several companies experienced a revenue decline in the first half of 2020 due to supply chain disruptions. Delays in the procurement of raw materials and electronic components impacted the overall production capability. With the relaxations in the pandemic-related restrictions in the second half of 2020 coupled with the resumption of industrial activities, the global supply chains were streamlined. The market witnessed a sudden rise in automation, digital transactions, and remote software utilization from the second half of 2020. The penetration of digital technologies increased from 2021, boosting the demand for UPS that prevents unsaved data from being destroyed in the case of a power outage.
The rising penetration of cloud services due to the presence of Amazon Web Services, Inc., Google Cloud, IBM Cloud, and Microsoft Azure will fuel the demand for managed services that enable the transition from traditional infrastructures to cloud-based solutions. The installation of a UPS system is a difficult operation that needs professional technical assistance. Managed services ensure that UPS installations are efficient for large-scale applications with high power requirements. Managed services provide network, application, and infrastructure security with constant technical support for routine maintenance.
Browse detailed statistical insights from the report, “North America UPS Market Forecast 2027 By Application (BFSI, Data Centers, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, Residential), By Component (Solution [Standby (Offline), Line-interactive, Online UPS], Services [Managed, Professional]), By End use (SMEs, Large Enterprise), Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The IT & telecom industry demands UPS solutions due to the rising digitization and penetration of technologies such as AI, IoT, and 5G. The telecom operators in the region are introducing 5G Standalone (SA) networks to deliver advanced services to customers such as dedicated private networks, public safety solutions, and edge compute for Augmented Reality (AR) & Virtual Reality (VR) consumer applications. For instance, in March 2022, Ericsson collaborated with Rogers Communications, Inc. to deliver 5G advanced services & network solutions in Canada to meet the growing demand from various industry verticals. Increasing investments by telecom companies to enhance network capacity will support the market progression as it helps to handle load fluctuations caused due to high-quality communication and internet services.
The demand for compact & inexpensive UPS solutions is increasing from SMEs to efficiently manage power fluctuations in modular & micro data center facilities. The government is supporting the development of small-scale enterprises to boost the overall economic growth of the region. For instance, in March 2021, the U.S. government reauthorized and funded the State Small Business Credit Initiative (SSBCI) by providing USD 10 billion to empower small businesses. These enterprises have a limited budget, which drives them to use cost-effective and low-cost power management systems. SMEs require UPSs with increased utility, simple installation, low maintenance, and on-demand capacity expansion capability.
The North American UPS market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:
North America Market, By Component
- Standby (Offline)
- Online UPS
North America Market, By Application
- Data Centers
- IT & Telecom
- Media & Entertainment
North America Market, By End Use
- Large Enterprise
The above information has been provided for the following countries:
- North America