UPS and Electronics Manufacturing Services Markets Set for Significant Growth
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[1]
UPS Market to Expand by USD 3.96 Trillion (2024-2028) Driven by Data Center Growth, The AI Effect on Trends - Technavio Report
NEW YORK, Aug. 26, 2024 /PRNewswire/ -- The global uninterruptible power supply (UPS) market size is estimated to grow by USD 3964.6 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.05% during the forecast period. Growth in data center infrastructure is driving market growth, with a trend towards advances in UPS technology. However, risks of UPS failure poses a challenge. Key market players include ABB Ltd., Ablerex Electronics Co. Ltd, AMETEK Inc., Delta Electronics Inc., East Penn Manufacturing Co. Inc., Eaton Corp. Plc, EnerSys, Exide Industries Ltd., Friedhelm Loh Stiftung and Co. KG, Hitachi Ltd., Huawei Technologies Co. Ltd., Legrand SA, Metartec Ltd., Mitsubishi Electric Corp., Power Innovations International Inc., RTX Corp., Schneider Electric SE, Siemens AG, Toshiba Corp., and Vertiv Holdings Co.. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered End-user (Non-residential and Residential), Type (Online or double conversion, Line-interactive, and Off-line or standby), and Geography (APAC, Europe, North America, Middle East and Africa, and South America) Region Covered APAC, Europe, North America, Middle East and Africa, and South America Key companies profiled ABB Ltd., Ablerex Electronics Co. Ltd, AMETEK Inc., Delta Electronics Inc., East Penn Manufacturing Co. Inc., Eaton Corp. Plc, EnerSys, Exide Industries Ltd., Friedhelm Loh Stiftung and Co. KG, Hitachi Ltd., Huawei Technologies Co. Ltd., Legrand SA, Metartec Ltd., Mitsubishi Electric Corp., Power Innovations International Inc., RTX Corp., Schneider Electric SE, Siemens AG, Toshiba Corp., and Vertiv Holdings Co. Key Market Trends Fueling Growth Uninterruptible Power Supplies (UPS) are essential for various applications across diverse end-user groups, including homeowners, data centers, hospitals, factories, universities, and businesses. Three primary types of UPS systems cater to these needs: Offline/Standby UPS, Line-interactive UPS, and Online Double Conversion UPS. Offline/Standby UPS systems provide backup power during voltage fluctuations or failures. Line-interactive UPS systems offer additional features like output voltage boost/reduction and improved filtering. Online Double Conversion UPS systems offer the highest protection against mains borne interference. Vendors continually innovate to address efficiency, power factor correction (PFC), and voltage conditioning challenges. PFC minimizes power stored and released by UPS components, while voltage conditioning corrects voltage sags and regulates voltage. Vendors manufacture small, low-maintenance, energy-efficient, and cost-effective UPS systems. Data centers, leading UPS demand, require modular UPS to reduce space. Vendors are utilizing wide bandgap semiconductors like silicon carbide (SiC) and gallium nitride (GaN) for improved efficiency, size reduction, and cost savings. Companies like Mitsubishi Electric Corp. And Toshiba Corp. Offer SiC technology UPS systems. Innovations include Eaton's DIN rail industrial UPS, designed for harsh environments, and Schneider Electric's Easy UPS 3-Phase Modular, offering third-party verified Live Swap functionality. Vendors focus on silicon-based components, Toshiba's Advanced-Synchronous Reverse Blocking (A-SRB) technology, and other advancements to enhance UPS system efficiency and performance, driving the global UPS market's growth. The Uninterruptible Power Supply (UPS) market is experiencing significant growth due to the increasing reliance on digital services, data centers, and IT infrastructure in various industries. Trends such as cloud computing, big data analytics, and the Internet of Things (IoT) require continuous power to ensure business continuity. UPS solutions are essential for protecting against power surges, voltage drops, and frequency distortions that can impact critical infrastructure, including telecommunications networks and renewable energy installations. UPS solutions come in different types, including Off-Line/Standby, Line Interactive, and Online/Double Conversion. Industries like banking, healthcare, e-commerce, manufacturing, and IT heavily rely on these solutions to protect their digital infrastructure and electronic devices from power outages caused by natural catastrophes, grid malfunctions, or technological progress. Advancements in battery technology and modular UPS designs, along with intelligent monitoring systems, are driving the market forward. UPS solutions are now being integrated into edge computing and power backup solutions to ensure power quality and prevent voltage sags, surges, and frequency changes. The UPS market is expected to continue growing as businesses prioritize the protection of their critical infrastructure and digital assets. Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample! Market Challenges Uninterruptible Power Supply (UPS) systems are essential for businesses and organizations to ensure power reliability and prevent data loss. However, the life expectancy of UPS components, including batteries, fans, Metal Oxide Varistors (MOVs), electrolytic capacitors, and relays, can be affected by various factors. Batteries may deteriorate due to incorrect placement, high cycling frequency, extreme temperatures, and lack of maintenance. Fans can fail due to high loads, ambient heat, and prolonged usage. MOVs often succumb to excessive voltage spikes, while electrolytic capacitors can fail due to high temperatures and humidity. Relays may malfunction due to abnormal cycling or incorrect firmware setup. These issues can significantly impact the UPS market growth, as component failure can lead to costly downtime and damage for non-residential customers, particularly data centers, where even a single occurrence can result in substantial financial losses. Regular inspections and maintenance can help mitigate these risks and extend the life of UPS components. Despite these efforts, UPS system failures remain a concern, potentially hindering the market's expansion during the forecast period.The Uninterruptible Power Supply (UPS) market faces significant challenges in providing continuous power to critical infrastructure such as telecommunications networks, data centers, and renewable energy installations. Power outages due to natural catastrophes, grid malfunctions, and voltage sags, surges, and frequency changes pose threats to digital infrastructure, electronic devices, and data-driven businesses. UPS systems come in various types including Off-Line/Standby, Line Interactive, and Online/Double Conversion. Telecommunication, data center construction, edge computing, and power backup solutions are key sectors driving market growth. Technological progress in battery technology, modular UPS designs, and intelligent monitoring systems enhances power quality and efficiency. Governmental efforts towards power infrastructure and energy efficiency further fuel market demand. Healthcare facilities prioritize UPS systems for patient safety. The telecommunication infrastructure, communication services, and 5G technology require uninterrupted power for seamless services. Industrial and manufacturing sectors also rely on UPS systems for power backup and to protect against power quality issues. The marine industry and digital infrastructure also benefit from UPS solutions. For more insights on driver and challenges - Download a Sample Report Segment Overview This uninterruptible power supply (ups) market report extensively covers market segmentation by End-user 1.1 Non-residential1.2 ResidentialType 2.1 Online or double conversion2.2 Line-interactive2.3 Off-line or standbyGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America 1.1 Non-residential- The Uninterruptible Power Supply (UPS) market is essential for businesses seeking uninterrupted power to protect their critical infrastructure from power outages. UPS systems provide backup power during power failures, ensuring business continuity. They prevent data loss and downtime, safeguarding businesses from financial losses and reputational damage. The UPS market continues to grow due to increasing power instability and the need for reliable power sources in various industries. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 - 2022) - Download a Sample Report Research Analysis The Uninterruptible Power Supply (UPS) market caters to various industries including data storage, processing capabilities for digital services and cloud computing, data centers, IT infrastructure, telecommunications, banking, healthcare, e-commerce, and more. UPS solutions protect against power surges, voltage drops, and frequency distortions, ensuring uninterrupted power to telecommunications networks, renewable energy installations, and digital infrastructure. Ratings range from 50-200KVA, with Off-Line/Standby, Line Interactive, and Online/Double Conversion models available. UPS systems are essential for industries with critical power needs, such as medical facilities, industrial applications, marine environments, and electronic devices. Power outages and natural catastrophes further emphasize the importance of UPS systems to maintain business continuity and protect sensitive data. Market Research Overview The Uninterruptible Power Supply (UPS) market is a critical segment of the power industry, providing continuous power to data storage, processing capabilities, digital services, cloud computing, and various sectors such as data centers, IT infrastructure, telecommunications, banking, healthcare, e-commerce, and more. UPS solutions protect against power surges, voltage drops, frequency distortions, and other power quality issues that can disrupt critical infrastructure, including telecommunications networks and renewable energy installations. Off-Line/Standby, Line Interactive, and Online/Double Conversion are the three main types of UPS systems, each designed to address specific power backup needs. UPS solutions are essential for powering digital infrastructure, electronic devices, and critical facilities during power outages caused by natural catastrophes, grid malfunctions, or technological progress. Battery technology, modular UPS designs, and intelligent monitoring systems are driving technological progress in the UPS market. Additionally, the increasing adoption of 5G technology, healthcare facilities, data-driven businesses, and governmental efforts to improve power infrastructure and energy efficiency are further fueling the demand for UPS solutions. Power backup solutions are also crucial for manufacturing, IT, data center construction, edge computing, and various industries to ensure continuous power and maintain power quality for their operations. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-userNon-residentialResidentialTypeOnline Or Double ConversionLine-interactiveOff-line Or StandbyGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/ups-market-to-expand-by-usd-3-96-trillion-2024-2028-driven-by-data-center-growth-the-ai-effect-on-trends---technavio-report-302230538.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs
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Electronics Manufacturing Services Market to Grow by USD 164.6 Billion from 2024-2028, Expansion in Low-Wage Economies Fuels Growth, Report on AI's Role in Market Transformation- Technavio
NEW YORK, Aug. 26, 2024 /PRNewswire/ -- The global electronics manufacturing service market size is estimated to grow by USD 164.6 billionn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.21% during the forecast period. Increasing number of electronics manufacturing services providers in economies with low hourly wages is driving market growth, with a trend towards collaborative co-innovation partnership with electronics manufacturing services providers. However, risk of intellectual property theft and misuse poses a challenge. Key market players include Accton Technology Corp., Benchmark Electronics Inc., Celestica Inc., Compal Electronics Inc., Creation Technologies LLC, Data IO Corp., Elbit Systems Ltd., ESCATEC Sdn. Bhd., First International Computer Inc., Flex Ltd., Hon Hai Precision Industry Co. Ltd., Integrated Micro Electronics Inc., Jabil Inc., Key Tronic Corp., Kimball Electronics Inc., Kitron ASA, Neo Tech Inc., Plexus Corp., Sanmina Corp., and Venture Corp. Ltd.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Electronics Manufacturing Service Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.21% Market growth 2024-2028 USD 164.6 billion Market structure Fragmented YoY growth 2022-2023 (%) 5.75 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 55% Key countries China, US, Taiwan, Japan, and Germany Key companies profiled Accton Technology Corp., Benchmark Electronics Inc., Celestica Inc., Compal Electronics Inc., Creation Technologies LLC, Data IO Corp., Elbit Systems Ltd., ESCATEC Sdn. Bhd., First International Computer Inc., Flex Ltd., Hon Hai Precision Industry Co. Ltd., Integrated Micro Electronics Inc., Jabil Inc., Key Tronic Corp., Kimball Electronics Inc., Kitron ASA, Neo Tech Inc., Plexus Corp., Sanmina Corp., and Venture Corp. Ltd. Market Driver Electronics Manufacturing Services (EMS) outsourcing partnerships require a collaborative approach, with both customer organizations and service providers sharing risks and creating value through joint functioning. Co-innovation is a key aspect of these relationships, enabling the exchange of knowledge to develop new solutions and products. Despite the increasing challenges and risks in EMS adoption, successful outsourcing relationships continue. EMS providers function as integrated strategic partners, with customer companies investing in their offshore operations and monitoring for optimal quality. Apple, for example, outsources electronics manufacturing to Chinese providers, leveraging their expertise while maintaining quality control. Airtel, an Indian telecom company, collaborates extensively with IBM, Ericsson, Nokia, and Siemens, under shared risk and reward contracts. These collaborations and co-innovations are expected to foster a favorable market ecosystem, driving growth in the EMS market. The Electronics Manufacturing Services (EMS) market is experiencing significant trends in various industries. In healthcare, there's a growing demand for advanced medical equipment. Automotive sector sees a surge in sub-assembly manufacturing, testing, and component assembly for electric vehicles. Industrial output is boosted by the adoption of new technologies like virtual reality, 3D printing, and structural electronics. The coronavirus pandemic has disrupted the electronics supply chain, highlighting the need for cybersecurity and resilience. Capacitors, connectors, LCD panels, and other components are in high demand. EMS providers offer engineering services and logistics to OEMs in Consumer Electronics, Aerospace & Defense, IT and Telecom, IoT, and 3D technologies. E-waste recycling and Greener Electronic Devices are crucial for a circular economy and Zero-waste nation. Global E-waste Monitor 2020 reports an increase in e-waste generation. New technologies like 5G, AI, and IoT-enabled cars drive productivity levels. Urban and population growth fuel demand for smart home products, smartphones, televisions, and more. EMS providers play a key role in the electronics industry, from manufacturing electronic equipment to providing engineering services and logistics. They help OEMs navigate the complexities of the industry, ensuring high-quality products and on-time delivery. The future of EMS lies in the adoption of new technologies, structural electronics, and the circular economy. Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample! Market Challenges The electronics manufacturing services market faces a significant challenge in the form of intellectual property (IP) theft. Many electronics businesses keep their manufacturing designs confidential and have strict policies against outsourcing manufacturing to EMS providers due to IP concerns. Despite thorough documentation before contract award, customers remain apprehensive about potential IP technology and design leakage, data theft, and misuse at EMS providers. Laws and contracts aim to prevent such breaches, but proving a violation is challenging due to differences in IP protection laws between home countries and service providers' locations. Techniques used for IPR infringement include forced technology transfer, corporate espionage, and direct data theft through hacking. The continuous evolution of technologies and cyberattacks, as well as the increasing use of cloud technology by EMS providers, make it difficult to completely eliminate the risk of unauthorized access to confidential data. This concern limits the adoption of electronics manufacturing services in certain industries, such as military and defense, thereby impeding market growth.The electronics manufacturing industry faces several challenges as new technologies like IoT, 3D technologies, and structural electronics gain popularity. E-waste recycling and producing greener electronic devices are becoming essential for businesses to address sustainability concerns. The Global E-waste Monitor 2020 reports an increasing amount of e-waste from consumer electronics, aerospace & defense, IT and telecom, and urban growth. EMS providers must adapt to these trends and offer logistics and engineering services to help OEMs meet the demands of the circular economy and zero-waste nation. Structural electronics penetration is growing in smart home products, smartphones, televisions, and even high-end autos and space vehicles. EMS providers must keep up with the latest trends to meet the needs of various industries, including automotive electronics manufacturers and IoT-enabled cars. Electric vehicle sales are surging, leading to a rise in demand for electronic equipment manufacturing. The challenges are significant, but with innovation and collaboration, the electronics manufacturing industry can meet these demands and contribute to a sustainable future. For more insights on driver and challenges - Request a sample report! Segment Overview This electronics manufacturing service market report extensively covers market segmentation by End-user 1.1 Computing and consumer appliances1.2 Telecommunication1.3 Industrial1.4 Automotive1.5 OthersService Type2.1 Electronics design and engineering2.2 Electronics assembly2.3 Electronics manufacturing2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa 1.1 Computing and consumer appliances- The Electronics Manufacturing Services (EMS) market is a significant sector in the global electronics industry. Companies in this market provide services such as design, manufacturing, testing, and assembly of electronic components and systems for various industries. EMS providers help businesses reduce costs, improve product quality, and shorten time-to-market. They use advanced technologies and processes to ensure high-quality production and efficient supply chain management. The EMS market is expected to grow due to increasing demand for electronic devices and the trend towards outsourcing manufacturing services. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report Research Analysis The Electronics Manufacturing Services (EMS) market encompasses a wide range of services, including healthcare and automotive sub-assembly manufacturing, testing, component assembly and re-engineering, and engineering services. These services play a crucial role in the production of various electronics, from industrial output to consumer goods such as smartphones, smart home products, and virtual reality devices. New technologies, such as structural electronics and 3D printing, are revolutionizing the electronics manufacturing industry, leading to increased productivity levels and cost savings. Capacitors, connectors, LCD panels, and other components are integral parts of these manufacturing processes. E-waste recycling is a growing concern for the industry, as the demand for new electronics continues to rise. OEMs are increasingly turning to EMS providers for help in managing their e-waste responsibly. The automotive sector is a significant contributor to the EMS market, with the demand for advanced driver assistance systems (ADAS) and electric vehicle components driving growth. Low-income individuals also benefit from the affordability and accessibility of electronics manufacturing services, making technology more accessible to a wider audience. Overall, the EMS market is a dynamic and evolving industry, driven by new technologies and the demands of various sectors, including healthcare, automotive, and consumer electronics. Market Research Overview The Electronics Manufacturing Services (EMS) market is a critical sector in the global electronics industry, catering to various end-use industries such as healthcare, automotive, and consumer electronics, among others. The market encompasses sub-assembly manufacturing, testing, component assembly & re-engineering, and more. New technologies like virtual reality, 3D printing, and structural electronics are driving innovation in the industry. The coronavirus pandemic has disrupted the electronics supply chain, highlighting the need for cybersecurity measures. Industrial output is a significant factor in the EMS market, with sectors like aerospace & defense, IT and telecom, and IoT driving demand for electronics. Capacitors, connectors, LCD panels, and other components are essential building blocks of electronic devices. Productivity levels are a key focus area for EMS providers, with new technologies like 3D technologies and electric vehicles driving growth. The circular economy and zero-waste initiatives are gaining momentum, with E-waste recycling and Greener Electronic Devices becoming essential. The Global E-waste Monitor 2020 reported that over 53.6 million tons of e-waste were generated in 2019. The electronics manufacturing industry is also addressing the challenges of urban growth and population growth, providing solutions for low-income individuals. Structural electronics penetration is increasing, with applications in high-end autos, space vehicles, smart home products, and smartphones. Logistics services and engineering services are crucial for OEMs to ensure timely delivery and quality. The EMS market is also witnessing the demand for IoT-enabled cars and electric car sales. The future of the EMS market lies in the adoption of new technologies and the transition towards a circular economy. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-userComputing And Consumer AppliancesTelecommunicationIndustrialAutomotiveOthersService TypeElectronics Design And EngineeringElectronics AssemblyElectronics ManufacturingOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/electronics-manufacturing-services-market-to-grow-by-usd-164-6-billion-from-2024-2028--expansion-in-low-wage-economies-fuels-growth-report-on-ais-role-in-market-transformation--technavio-302230314.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs
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The UPS market is projected to expand by $3.96 trillion, while the Electronics Manufacturing Services market is expected to grow by $164.6 billion from 2024 to 2028. Both sectors are driven by technological advancements and increasing demand.
UPS Market Expansion Driven by Data Center Growth and AI
The Uninterruptible Power Supply (UPS) market is poised for substantial growth, with projections indicating an expansion of USD 3.96 trillion between 2024 and 2028. This remarkable growth is primarily attributed to the increasing demand for data centers and the rising influence of artificial intelligence (AI) across various industries
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.The surge in data center construction and expansion is a key driver for the UPS market. As businesses increasingly rely on digital infrastructure, the need for reliable power sources has become paramount. UPS systems play a crucial role in ensuring uninterrupted power supply, protecting critical equipment from potential damage caused by power fluctuations or outages.
AI's Impact on UPS Market Growth
The integration of AI technologies across various sectors has significantly contributed to the growing demand for UPS systems. AI applications often require substantial computing power, leading to increased energy consumption and the need for robust power management solutions. This trend has created new opportunities for UPS manufacturers and suppliers to cater to the specific needs of AI-driven industries.
Electronics Manufacturing Services Market Set for Substantial Growth
Parallel to the UPS market expansion, the Electronics Manufacturing Services (EMS) market is also projected to experience significant growth. Industry analysts forecast an increase of USD 164.6 billion in the EMS market from 2024 to 2028
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Factors Driving EMS Market Growth
Several factors are contributing to the expansion of the EMS market:
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Technological Advancements: The rapid pace of innovation in the electronics industry is creating new opportunities for EMS providers to offer specialized manufacturing services.
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Outsourcing Trends: Many original equipment manufacturers (OEMs) are increasingly outsourcing their production to EMS companies to reduce costs and focus on core competencies.
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Expansion in Emerging Markets: EMS providers are expanding their operations in emerging markets to tap into new customer bases and take advantage of lower production costs.
Implications for the Electronics Industry
The projected growth in both the UPS and EMS markets signifies a broader trend of expansion and technological advancement in the electronics industry. As these sectors continue to evolve, they are likely to create new job opportunities, drive innovation, and contribute significantly to global economic growth.
The interconnected nature of these markets also suggests potential synergies, with the growth in data centers and AI applications driving demand for both UPS systems and electronic manufacturing services. This symbiotic relationship could lead to further innovations and collaborations within the industry.
As these markets continue to expand, stakeholders across the electronics and power management sectors will need to stay abreast of emerging trends and technologies to capitalize on the growing opportunities in these dynamic industries.
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