Global UPS and Inverter market to reach $174.04 billion by 2031, driven by IoT and AI

From GlobeNewswire: 2025-03-25 08:25:00

The global UPS and Inverter market, valued at $86.15 billion in 2024, is projected to reach $174.04 billion by 2031, with a CAGR of 11.1% during 2025-2031. The rise of IoT and AI is expected to bring new trends to the market, especially for better monitoring and remote administration of UPS systems.

The growing adoption of smart building systems and emphasis on technology has led to an increase in demand for UPS and smart inverters. In smart buildings, UPS systems provide backup power for building automation, security, and communication applications, contributing to energy efficiency and sustainability.

Data centers are focusing on energy efficiency by installing energy-efficient UPS systems. Using eco-mode in these systems can reduce energy expenses by up to 2%, with an ENERGY STAR-certified UPS cutting energy losses by 30-55%. This focus on energy efficiency is increasing the demand for UPS and inverter systems in data centers.

Modular UPS systems are gaining popularity due to their flexibility in meeting changing power requirements, cost-effectiveness, and high system availability. These systems offer better energy efficiency and lower carbon emissions compared to centralized UPS systems. Schneider Electric introduced Easy UPS 3-Phase Modular UPS in April 2023 to cater to critical load protection needs.

In 2024, Asia Pacific led the UPS and Inverter market, followed by North America and Europe. The market growth is driven by the increasing demand for UPS and smart inverters in smart buildings, focus on energy efficiency in data centers, and the rising popularity of modular UPS systems. The UPS and Inverter market in Asia Pacific is projected to have the highest Compound Annual Growth Rate (CAGR) during the forecast period. This region is diverse and offers customization options to suit specific sector requirements. The market is segmented based on type, application, and power capacity, with the inverter segment holding the largest share in 2024. Key players include Schneider Electric, TOSHIBA, and Eaton Corp, among others, who are focusing on new product launches and geographical expansion to maintain competitiveness.

Recent developments in the UPS and Inverter market include Schneider Electric’s launch of the Galaxy VXL UPS and the Easy UPS 3-Phase Modular, offering efficient, scalable, and secure power supply solutions. The Asia Pacific region has seen increased demand for UPS systems due to urbanization, industrialization, and data center expansion. Countries like India, South Korea, and Japan present growth opportunities for UPS and inverter manufacturers, driven by initiatives like “Make in India.”

The Insight Partners provides industry research services in sectors such as Semiconductor and Electronics, Aerospace and Defense, Healthcare IT, and Chemicals and Materials. For more information or queries, contact Ankit Mathur at [email protected] or +1-646-491-9876. Stay updated with the latest news on the UPS and Inverter market at https://www.theinsightpartners.com/pr/ups-and-inverter-market/. 1. The stock market reached record highs today, with the S&P 500 closing at 4,500 and the Dow Jones Industrial Average at 35,000. This surge was driven by positive economic data and strong corporate earnings reports, indicating a robust recovery from the pandemic.

2. In other news, the Labor Department reported that unemployment claims fell to a new pandemic low of 348,000 last week. This marks a steady decline in jobless claims as businesses continue to hire and the economy gains momentum.

3. On the international front, tensions are rising between the US and China as the two countries engage in a war of words over trade policies and human rights issues. This has led to concerns about the impact on global trade and economic stability.

4. Meanwhile, the Federal Reserve announced that they are considering tapering their bond-buying program in response to rising inflation concerns. This decision could have significant implications for interest rates and financial markets in the coming months.



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