Commercial Sector acquired the largest market revenue share among all the verticals in the overall United Kingdom UPS System market – 6Wresearch
United Kingdom UPS System market is currently at the maturity stage of the industry life cycle and is expected to grow slowly in the coming years. The power demand in the United Kingdom has been steadily increasing in recent years, and it is a major source of concern for all end-user applications, particularly those with critical loads, such as data centers, which require a continuous power supply. Thus, rapid increase in the number of data centers would drive the growth of UPS systems. Rising investments in technological advancements in the service sector, including healthcare, hospitality, BFSI, and retail, would boost demand for UPS systems in the United Kingdom.
According to 6Wresearch, United Kingdom UPS Systems Market size is projected to grow at a CAGR of 1.6% during 2022-2028. The country's demand for UPS systems is being driven primarily by the expansion of the IT sector, BFSI, and data centers. However, due to lockdown restrictions imposed in the United Kingdom to limit the spread of COVID-19, the construction sector declined, causing a decline in office space and hospitality sector construction, resulting in decline in the UPS market. Upcoming data center projects such as Echelon Data Centers, Custodian Data Centers, and Global Technical Realty, among others, accompanied by the growth in office spaces would drive the United Kingdom UPS market in the coming years.
According to Syed Monis Raees, Research Associate, 6Wresearch, “The expansion of data centers across United Kingdom has been a critical factor in the growth of UPS systems. The increase in the number of data centers would surge the IT activity in country. Currently, 423 MW of data centers are under construction, surpassing Northern Virginia and Silicon Valley, and London projects are expected to grow by one gigawatt by the end of 2022. Increased investment in the construction of data centers and IT infrastructure venues would open up massive opportunities for organizations to leverage cloud infrastructure capabilities. These advancements would increase the demand for a continuous power supply, and thus the need for UPS systems would rise across various verticals and in turn all over the country.”
Some of the major companies in United Kingdom UPS system market include ABB Group, Cyberpower Systems Inc., Delta Electronics Inc., Eaton Corporation plc, Legrard Electric Ltd, Riello UPS Ltd, Schneider Electric SE, Socomec Group, Dale Power Solutions Ltd and Vertiv Holdings LLC.
United Kingdom UPS system market (2022-2028)” report provides an in-depth analysis with 21 figures and 8 tables, covered in 81 pages. The report thoroughly covers market by kVA rating, phases, applications and regions. United Kingdom UPS systems market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.