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Modular UPS Global Market Report 2022: Sector to Reach $2.52 Billion by 2027 at a 10.35% CAGRDUBLIN, Feb. 22, 2023 /PRNewswire/ -- The "Modular UPS Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.  The modular UPS market is projected to grow at a CAGR of 10.35% during the forecast period to reach US$2.521 billion by 2027, from US$1.265 billion in 2020. A modular UPS (uninterruptable power supply) is an energy conversion device that uses the chemical energy in batteries which provides backup power, improves the availability of data, and adaptability to high power consumption. It is based on a rack enclosure which includes a battery cabinet at the bottom and hot-swappable modules placed one above the other that can be used whenever more power is required and to increase the redundancy aspect. It comes in 10-100 kVA, 101-250 kVA, 251-500 kVA, and 500 and above kVA. The general idea behind the use of modular is that the free and spare capacity in the device provides a greater level of redundancy and can take up high power loads. It also provides greater efficiency with a scalable load system. It also has high power backup due to a centralized battery system that reduces the cost of batteries and replacement. It is being increasingly used by banks, healthcare, media and communication, manufacturing, and technology industries. Organizations require large power systems to provide battery backup to their infrastructure and increase load efficiency. New developments in UPS systems include the examination of data in the UPS system that can help in predicting failures in the system. Additionally, sending information to the facilitation and monitoring center, communication protocols, and SNMP (single network management protocol) allows facility managers to monitor data. Aditionally, the increase in internet traffic has also contributed to the demand for modular UPS. Modular UPS with its new development in DPA (Decentralised Parallel Architecture) modules that eliminates power failure and reduces maintenance is used in Europe and Asia. However, the modular UPS market is expected to have some drawbacks. Since multiple modules are placed parallelly there is a smaller mean time for repair, it requires higher maintenance as increasing the number of UPS modules reduces the reliability of the system and in the case of parallel modular UPS, the entire rack acts as a single UPS that can become a problem in case of single failure the whole device output would breakdown. Key Development
During the forecast period, North America is expected to gain a high market size in the modular UPS Market. As per EIA (Energy Information Administration), electricity consumption in the United States was 398 billion kWh in 2020. Major consumption of modular UPS comes from the technology sector in the USA by data centers. Some big data-center companies in the USA are Alphabet Inc, Advanced Micro Devices, Intel Corporation, American Tower Corporation, Equinox, and others. During the COVID-19 pandemic, the USA witnessed an increase in the healthcare sector for modular UPS.
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SOURCE Research and Markets 
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