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UPS Market to Expand by USD 3.96 Trillion (2024-2028) Driven by Data Center Growth, The AI Effect on Trends – Technavio Report

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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..

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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. 

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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: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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BinBase Launches 2026 BIN Database Featuring 6-11 Digit Waterfall Lookup for High-Precision Payment Routing

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BinBase introduces its upgraded 2026 BIN Database, offering 3.2M+ card ranges, 29 granular data attributes, and extended 8-11 digit accuracy to eliminate false-positives and optimize routing for global fintechs.

MIAMI, July 21, 2026 /PRNewswire-PRWeb/ — BinBase, a provider of payment intelligence and card issuing data, has announced the official release of its updated 2026 BIN Database. Engineered for payment gateways, acquiring banks, fraud prevention platforms, and e-commerce platforms, the updated dataset solves critical routing inaccuracies caused by the industry-wide shift from legacy 6-digit BINs to extended 8-to-11-digit card ranges.

Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the surgical precision developers need for cost-effective payment routing.

Since ISO/IEC 7812 expanded the standard Bank Identification Number (BIN) length to 8 digits, traditional 6-digit lookup tables have struggled to correctly identify modern card profiles. This leads to false positives, misidentified interchange fees, and failed transactions. BinBase addresses this challenge by introducing a multi-tiered database structure supporting up to 11-digit precision, alongside a recommended “Waterfall Lookup Algorithm.”

To ensure 100% routing and verification accuracy, the Waterfall method executes a descending search sequence: checking 11-digit BIN ranges down through 10, 9, 8, 7, and 6 digits until an exact match is resolved.

Key technical specifications of the 2026 BinBase release include:

Over 3.2 Million Card Ranges: Full global coverage including Visa, Mastercard, Amex, Discover, UnionPay, JCB, and regional networks.Extended Precision: Over 88% of the dataset consists of high-precision ranges (8–11 digits) to accurately isolate sub-brands, currencies, and card tiers.29 Granular Attributes: Beyond core issuer data, the database features advanced parameters including Durbin Regulation status, US Debit/ATM network routing (STAR, NYCE), Fast Funds (Visa Direct / Mastercard MoneySend indicators), commercial Level 2/Level 3 data, and digital wallet token ranges (Apple Pay / Google Pay).

“Modern payment processing requires surgical precision,” said a spokesperson for Damiko Inc. “Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the underlying intelligence developers need to build resilient, cost-effective payment infrastructure.”

Developers and payment teams can evaluate the full 29-field database schema, review integration examples, and download a free 2026 sample dataset on the official GitHub repository.

To learn more about full commercial licensing options, instant CSV downloads, and custom API delivery, visit BinBase.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate fraud.

Media Contact

Fedor Lavrikoff, BinBase, 1 +17866133333, sales@binbase.com, htttps://www.binbase.com 

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SOURCE BinBase

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Redington Limited and AutomationEdge Announce Strategic Partnership to Accelerate Enterprise Automation and Agentic AI Adoption

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MUMBAI, India, July 22, 2026 /PRNewswire/ — Redington, a leading technology aggregator and innovation catalyst, and AutomationEdge, a leading Agentic Process Automation platform for global enterprises, have announced a strategic partnership to accelerate the adoption of enterprise automation and Agentic AI. The collaboration brings together Redington’s extensive distribution ecosystem and partner network with AutomationEdge’s enterprise-grade Agentic Process Automation platform to enable faster, scalable, and outcome-driven digital transformation for organizations.

As a part of the partnership, AutomationEdge’s portfolio of AI Agents and automation solutions is now available through the Redington AI Exchange Marketplace, enabling partners and customers to easily discover, evaluate, and deploy enterprise-ready AI solutions. This availability significantly reduces the time required to adopt AI-driven automation and provides organizations with access to proven use cases that can deliver measurable business outcomes.

The partnership is focused on delivering solution-led automation offerings that simplify adoption for enterprises and channel partners. By combining Redington’s go-to-market reach with AutomationEdge’s 10x automation capabilities, the two organizations aim to help businesses move from fragmented automation initiatives to enterprise-wide orchestration—driving efficiency, agility, and operational excellence.

Through this collaboration, both companies will jointly promote pre-built automation and AI Agent solutions across key business functions, including banking operations, insurance processes, IT / HR operations, customer service, and finance functions. These solutions include ready-to-deploy workflows, AI Agents, demonstration environments, and implementation frameworks designed to accelerate deployment and reduce complexity.

The partnership will also include joint go-to-market initiatives such as partner enablement programs, co-branded workshops, solution showcases, and proof-of-concept (PoC) engagements. These initiatives are designed to equip Redington partners with the knowledge, tools, and support needed to successfully position, sell, and implement AI-powered automation solutions for enterprise and mid-market customers.

Sayantan Dev, Global Head, Software Solutions Group, Redington, said, “The next phase of AI adoption will be defined by execution. Through the Redington AI Exchange Marketplace, we are bringing together the technologies and ecosystem needed to help partners deliver real business outcomes at scale. AutomationEdge’s Agentic AI and automation capabilities strengthen our ability to enable customers to accelerate AI adoption with greater speed, governance, and confidence.”

Prasad Likhite, Chief Sales Officer of AutomationEdge, said, “We are delighted to strengthen our partnership with Redington and accelerate the adoption of next-generation enterprise automation and Agentic AI solutions across the market. The availability of AutomationEdge AI Agents through the Redington AI Exchange Marketplace marks an important milestone in democratizing AI-led transformation, enabling enterprises to rapidly scale intelligent automation initiatives with speed, agility, and measurable business impact. At the same time, it creates significant opportunities for partners to drive innovation, unlock new revenue streams, and deliver greater value to their customers.”

The collaboration also emphasizes localized support, implementation expertise, and customer success services, ensuring that organizations can seamlessly deploy, manage, and scale automation initiatives. By leveraging Redington’s strong partner ecosystem and AutomationEdge’s deep expertise in automation and Agentic AI, the partnership is well-positioned to address the evolving needs of modern enterprises.

As organizations increasingly prioritize productivity, operational efficiency, and AI-led transformation, this partnership marks a significant step toward making enterprise automation and Agentic AI more accessible, scalable, and impactful across industries.

 About Redington

Redington Limited (NSE: REDINGTON) (BSE: 532805), a leading technology solutions provider, empowers businesses in their digital transformation journeys. Guided by its brand narrative “Unlock Next”, Redington goes beyond distribution to remove barriers, accelerate digital adoption, and unlock access, growth, trust, efficiency, and impact—helping businesses, communities, and societies embrace what’s next in technology

About AutomationEdge

AutomationEdge is a leading Agentic Process Automation platform for global enterprises. Its platform enables organizations to automate complex business processes, deploy AI Agents at scale, improve operational efficiency, and accelerate digital transformation initiatives across industries.

Media Contact:
Rahul Wandile
rahul.wandile@automationedge.com

 

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Applied Intuition Launches Dana, the Agentic Platform for Physical AI

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New platform pairs agentic AI with the tooling, data, infrastructure and domain expertise Applied Intuition has built over nearly a decade to speed the safe development of intelligent machines for the physical world.

Dana is the first agentic platform for building, testing, deploying and operating physical AI systems across industries.Built on nearly a decade of Applied Intuition’s tooling, infrastructure, workflows and engineering expertise, Dana is purpose-built for safety-critical systems operating in the physical world.Dana helps companies build physical AI applications for any industry or use case, from autonomy and software-defined vehicles to fleet operations, robotics, construction, mining and intelligent in-vehicle experiences.Dana has already reduced critical phases of vehicle development from months to days in internal and select customer deployments.

SUNNYVALE, Calif., July 22, 2026 /PRNewswire/ — Applied Intuition, Inc., a leader in physical AI, today announced the launch of Dana, the first agentic platform for building, testing, deploying and operating physical AI systems across industries. Dana combines the power of agentic AI and rapid application development with nearly a decade of Applied Intuition’s tooling, infrastructure and engineering knowledge. The result is a unified system that accelerates the development of intelligent machines in the physical world.

“We believe physical AI will become one of the defining technologies of this century,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Our ambition is to help bring intelligence to a billion machines, and Dana is the platform we built to make that possible.”

Unlike general-purpose AI tools designed primarily for digital workflows, Dana is built for the complexities of machines operating in the physical world. Dana comes with all the platform capabilities needed to build and deploy safety-critical physical AI applications, including data, visualization and tooling, as well as the evaluation, traceability and governance these systems require. The platform was designed to work across industries and with a wide range of use cases, from software-defined vehicle development and advanced driver assistance systems (ADAS) to mining and construction operations, truck fleet management, robotics and intelligent in-vehicle experiences. With Dana, customers can:

Deploy Applied Intuition’s reference applications — spanning autonomy, fleet operations, and more — or build their own.Use both natural language and command-line interfaces to complete complex development tasks more intuitively and accelerate iteration cycles across teams and systems.Integrate the platform with enterprise systems and collaboration tools, like Slack and Jira, helping organizations connect fragmented engineering and operational workflows while embedding agentic capabilities across the development process.

Applied Intuition has used Dana internally since last year, building and delivering solutions on the platform for long-standing customers across automotive, trucking, mining, and agriculture. Dana’s agent-driven workflows have reduced critical phases of vehicle development timelines from months to days in some cases. Applied Intuition has offered limited, early access to select customers, including heavy-equipment manufacturer Komatsu and Isuzu Motors, who is using the platform to accelerate L4 autonomy for its fleet of commercial trucks.

“We’ve been impressed by how Dana can streamline complex engineering workflows and accelerate development,” said Yasuhiro Yazawa, Director, Isuzu Motors Limited, Japan. “Dana gives our engineering teams greater confidence to develop, track and deploy safe autonomous-vehicle capabilities at a much faster pace.”

“Applied Intuition has been a valuable technology partner as we continue advancing the digital capabilities that support the next generation of mining equipment and solutions,” said Peter Salditt, CEO, Komatsu Mining. “Dana represents another step forward, bringing intelligent, agentic capabilities into our engineering workflows to help our teams innovate faster, improve efficiency and ultimately create greater value for our customers’ operations.”

Dana is designed to help companies keep up with the fundamental shift now underway across industries. As autonomous vehicles, robots and industrial systems become more capable, manufacturers need a more integrated way to build, validate and deploy them safely. Dana gives teams a faster path from idea to production, and the confidence to put increasingly intelligent machines into the real world.

The future of AI is physical. Dana was built for it.

To learn more about Dana and Applied Intuition’s physical AI platform, visit AppliedIntuition.com.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co.

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SOURCE Applied Intuition, Inc.

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