Transformerless UPS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Transformerless UPS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global transformerless UPS market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.

Uninterruptible power supply (UPS) refers to a device that helps computers run for a short while in case the primary source of power fails. Unlike inverter systems, UPS systems provide near-instantaneous power supply, as well as intercept power surge from the primary source. Earlier system designs used a transformer to boost low incoming voltages, but nowadays, there is a significant rise in the usage of transformerless UPS systems. Transformerless UPS systems rely on insulated-gate bipolar transistors (IGBTs) that deal with high voltages and eliminate the requirement for a step-up transformer after the inverter. These systems have a smaller carbon footprint and assist in reducing investments and running costs.

The utilization of transformerless UPS is currently increasing at a rapid pace, especially in sectors that rely on a continuous power supply. Consequently, these systems have become key components in industries such as BFSI, telecommunications, power generation, oil and gas, railways and aviation. Another defining trend in the market is the escalating demand for more compact and sleek systems. Furthermore, the leading manufacturers are focusing on the introduction of improved designs by integrating temperature sensors that allow direct thermal IGBT control. They are also reducing the number of components used to avoid faults and increase reliability. However, the sudden outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governing agencies of numerous countries have led to a reduction in the overall production due to disruptions in the supply chain. The market is expected to experience growth once lockdown restrictions are uplifted.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global transformerless UPS market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component type, power and end use industry.

Breakup by Component Type:

Rectifier and Inverter Components

Battery

PCB

Electromechanical Components

Others

Breakup by Power:

10-100 KVA

101-250 KVA

More than 250 KVA

Breakup by End Use Industry:

BFSI

Telecommunication

Government

Manufacturing

Transportation

Healthcare

Others

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Borri S.p.A, Eaton Corporation Plc, Emerson Electric Co., General Electric Company, Mitsubishi Electric Corporation, RPS S.p.A. (Riello Elettronica S.p.A.), Schneider Electric, Shenzhen Kstar Science & Technology Co. Ltd. and Toshiba Corporation.

Key Questions Answered in This Report

1. What was the size of the global transformerless UPS market in 2022?

2. What is the expected growth rate of the global transformerless UPS market during 2023-2028?

3. What are the key factors driving the global transformerless UPS market?

4. What has been the impact of COVID-19 on the global transformerless UPS market?

5. What is the breakup of the global transformerless UPS market based on the component type?

6. What is the breakup of the global transformerless UPS market based on the power?

7. What is the breakup of the global transformerless UPS market based on the end use industry?

8. What are the key regions in the global transformerless UPS market?

9. Who are the key players/companies in the global transformerless UPS market?