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The global transformerless UPS market was valued at US$ 1.6 Billion in 2021.
We expect the global transformerless UPS market to exhibit a CAGR of 13.53% during 2022-2027.
The escalating demand for energy-efficient power solutions, along with rising application of transformerless UPS across various sectors for uninterrupted power supply, is primarily driving the global transformerless UPS market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for transformerless UPS.
Based on the component type, the global transformerless UPS market can be segmented into rectifier and inverter components, battery, PCB, electromechanical components, and others. Currently, rectifier and inverter components hold the majority of the total market share.
Based on the power, the global transformerless UPS market has been divided into 10-100 KVA, 101-250 KVA, and more than 250 KVA. Among these, 10-100 KVA currently exhibits a clear dominance in the market.
Based on the end use industry, the global transformerless UPS market can be bifurcated into BFSI, telecommunication, government, manufacturing, transportation, healthcare, and others. Currently, the BFSI industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global transformerless UPS market include 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.
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