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Uninterrupted Power Supply Market Skyrockets to $17.52 Billion by 2031 Dominated by Tech Giants – Schneider Electric, Emerson Electric Co and Toshiba Corporation | The Insight Partners

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The global uninterrupted power supply market is set for explosive growth, with projections indicating a surge to $17.52 Billion by 2031. This remarkable expansion, driven by focus on energy efficiency in data centers and IoT-Enabled UPS systems.

NEW YORK, Nov. 29, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the Global Uninterrupted Power Supply Market is observing significant growth owing to the increase in the requirement for UPS in smart buildings. Further, the smart UPS systems are expected to bring new market trends in the coming years.

For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/ups-market

The Uninterrupted Power Supply Market comprises dynamic grid support technology, which brings new opportunities for the uninterrupted power supply market growth. The report runs an in-depth analysis of market trends, key players, and future opportunities.

Market Overview and Growth Trajectory:

Uninterrupted Power Supply Market Growth: According to an exhaustive report by The Insight Partners, the Uninterrupted Power Supply Market is experiencing significant growth, driven by increase in requirement for UPS in smart buildings. The market, valued at $10.82 Billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.2% during 2023–2031.

For More Information and To Stay Updated on The Latest Developments in The Uninterrupted Power Supply Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00019021/

The global Uninterrupted Power Supply Market is observing substantial growth and is expected to maintain its upward trajectory in the foreseeable future. This growth can be accredited to numerous factors. One of the prime factors is the growing demand of UPS in smart buildings is acting as a major growth driver for the market. Smart buildings are equipped with technologically advanced products to ensure efficient use of the building’s resources. This aims to create a safe and comfortable environment for its residents. Internet of Things (IoT) sensors, building management, artificial intelligence (AI) systems, and robots are among the technologies used in smart buildings, all of which are integrated and enhanced by power saving solutions. Automation is critical in a smart building because of the high level of connection between many activities, for example, between data sent by real-time motion sensors connected to the Internet of Things and building management systems. This automation extends to HVAC, lighting, and security systems, among other areas. All equipment and systems that comprise a smart building must have a dependable, consistent, and high-quality electricity supply. Uninterruptible power supply (UPS) systems can protect the hardware and software infrastructure of any building, whether commercial, business, educational, or residential. Thus, the rising number of UPS in smart buildings is driving the market growth.

Dynamic Grid Support Technology: The energy environment is rapidly changing, with renewables playing an increasingly important role. The intermittent nature of these energy sources presents both challenges and opportunities, necessitating the development of new and more efficient UPS and energy storage systems and services, as well as providing flexibility in grid frequency control and energy demand for user’s site, allowing to tap into new revenue streams and save money. The grid occasionally demands additional capacity, which is often unavailable and costly. This is where energy storage system and dynamic grid support come in handy, particularly if there is a UPS system in place. The smart UPS technology makes use of the batteries’ storage systems to store energy and rapidly release it when needed—all while maintaining the UPS system’s ability to protect the load. Furthermore, a grid-interactive UPS with a sufficiently sized energy storage system is intended to respond quickly enough to meet frequency containment requirements while supporting income-generating services.

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Fast-Paced Adoption of Smart UPS Systems: A smart UPS can deliver real-time status updates, providing better insights into device health and performance. If a battery needs to be replaced, the system sends a notification. Many major market players are introducing smart UPS systems in the market to capture the potential demand. For instance, in June 2022, Schneider Electric introduced the APC Smart-UPS Modular Ultra, the most sustainable uninterruptible power supply (UPS). This UPS offers customers more scalable power in the lowest footprint, freeing up space for essential IT or other equipment while increasing uptime and minimizing the total cost of ownership. Schneider Electric’s APC Smart-UPS Modular Ultra reinvents the single-phase modular UPS category to address changing customer demands for dispersed edge computing and hybrid IT environments.

The US has vast financial hubs in New York and Chicago, as well as technological hubs in the Bay Area (San Francisco), Seattle, and Portland. As per the 2022 data released by Cloudscene, the US has approximately 5,381 data centers, which consume about 17 GW of electricity. This has led to an increased focus on energy efficiency and continuous power supply across these establishments. As a result, a UPS system is used in data centers to achieve high efficiency in smaller footprints, as well as enhanced battery energy storage using modern lithium-ion technologies and remote monitoring systems. Moreover, the US is home to well-developed healthcare, BFSI, and manufacturing sectors, which are the major adopters of UPS systems.

Purchase Premium Copy of Global Uninterrupted Power Supply Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00019021/

Geographical Insights: In 2023, Asia Pacific led the market with a substantial revenue share, followed by North America and Europe. North America is expected to register the highest CAGR during the forecast period.

Uninterrupted Power Supply Market Segmentation, Applications, Geographical Insights:

Based on type, the market is divided into standby, line interactive and online. The online segment held a larger share of the Uninterrupted Power Supply Market in 2023.Based on rating, the market is bifurcated into up to 50 kVA, between 50 to 100 kVA, above 100 kVA. The above 100 kVA segment held the largest Uninterrupted Power Supply Market share in 2023.Based on end user, the market is divided into data centers, telecom, healthcare, industrial, others. The data centers segment held the largest Uninterrupted Power Supply Market share in 2023.The Uninterrupted Power Supply Market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.

For Region-Specific Market Data, Check Out Brief Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00019021/

Key Players and Competitive Landscape:

The Uninterrupted Power Supply Market is characterized by the presence of several major players, including:

Schneider ElectricEmerson Electric CoToshiba CorporationABB LtdEaton Corporation PLCMitsubishi Electric CorporationCyber Power Systems (USA), IncDelta Electronics, IncLegrandKehua TechRiello UPSS&C Electric Company

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

Uninterrupted Power Supply Market Recent Developments and Innovations:

Schneider Electric launched Back-UPS BE SeriesABB introduced the industry-first medium voltage UPSCyberPower Expanded Smart App Sinewave UPS Series to Include Lithium-Iron Models

Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: https://www.theinsightpartners.com/inquiry/TIPRE00019021/

Conclusion:

The market is shifting toward IoT-enabled UPS systems. The IoT-enabled UPS systems have sensors that capture real-time data on battery status, load levels, temperature, and humidity. They submit this data to a cloud-based platform for complete analysis, which enables the necessary steps. This enables proactive monitoring and maintenance of UPS systems, resulting in early detection of possible issues and reduced downtime. For example, if a UPS system detects that the battery is getting low, it can instantly notify specific workers, allowing them to take action. Thus, the growing adoption of IoT-enabled UPS systems drives the global Uninterrupted Power Supply Market growth.

With projected growth to $17.52 Billion by 2031, the Uninterrupted Power Supply Market represents a significant opportunity for component providers, system technology integrators, system manufacturers, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

Data Center UPS Market Analysis, Size, Share, Growth, Trends, and Forecast by 2031Switch Mode Power Supply (SMPS) Market Size and Forecasts (2021 – 2031)Rotary Uninterruptible Power Supply Market Size and Forecasts (2021 – 2031)Industrial Power Supply Market Size and Forecasts (2021 – 2031)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com 
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/uninterrupted-power-supply-market

Logo: https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg 

 

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Maritime Launch Services and Isar Aerospace Extend Deadline to Finalize Statement of Work and Programmatic Milestones

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HALIFAX, NS and MUNICH, Sept. 1, 2026 /CNW/ — Maritime Launch Services Inc. (CBOE: MAXQ) (OTCQB: MAXQF) and Isar Aerospace have agreed to extend the deadline to provide additional time to complete the statement of work and certain programmatic milestones contemplated under their previously-announced facilities usage agreement for Spaceport Nova Scotia. The deadline was extended from September 1, 2026, to September 15, 2026.

The parties continue to make strong progress through an intensive and productive planning process. The extension reflects the time required to complete this work.

“We are very pleased with the progress being made between both parties,” said Stephen Matier, President and CEO of Maritime Launch Services. “Our teams are working through the detailed planning required to advance this important program. The additional 14 days will allow us to complete that work and maintain the strong momentum we have established together.”

The extension does not change the other key terms of the facilities usage agreement announced on July 7, 2026. The parties remain focused on advancing the development of Isar Aerospace’s dedicated launch complex for its Spectrum launch vehicle at Spaceport Nova Scotia, with first orbital launches targeted for 2028.The agreement supports the development of sovereign orbital launch capability from Canada and expands Isar Aerospace’s launch capability into North America.

“We are making strong progress together with Maritime Launch Services as we advance the detailed planning for our launch operations at Spaceport Nova Scotia,” said Alexandre Dalloneau, Vice President Mission and Launch Operations, Isar Aerospace. “The work between our teams has been intensive and productive, and this additional time will allow us to finalize the remaining details as we move toward execution of the program.”

About Maritime Launch Services 
Maritime Launch Services Inc. (CBOE: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a dual-use commercial spaceport designed to support both civil and defence-related space missions. The spaceport will provide satellite launch services to domestic and international clients across the global commercial space market, supporting a wide range of orbital inclinations from a single location.

Spaceport Nova Scotia is Canada’s first commercial orbital launch complex, enabling small and medium launch vehicles to place satellites into low Earth orbit.

For more information, visit: www.maritimelaunch.com

About Isar Aerospace

The European space company Isar Aerospace offers launch services for transporting small and medium-sized satellites and satellite constellations into Earth orbit. The launch vehicles used to transport these satellites are developed, manufactured, and tested almost entirely in-house. Headquartered near Munich, Germany, Isar Aerospace was founded in 2018 and has grown to over 400 employees, working across 5 international locations. Private funding from international investors provides strong backing for the company’s pioneering approach to scale and industrialize launch vehicle production through vertical integration. More information: www.isaraerospace.com

https://x.com/maritimelaunch

https://www.linkedin.com/company/maritimelaunch

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. The forward-looking statements included in this press release include (without limitation) statements regarding the continuing of the term of the facilities usage agreement, continuing negotiations of the parties to the facilities usage agreement and the timing of completion of such negotiations, and anticipated launch timing.

Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Although Maritime Launch has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be factors that cause results not to be as anticipated, estimated or intended. Such forward-looking statements are subject to risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Risks and uncertainties that may cause such differences include but are not limited to: risks related to Maritime Launch’s strategy going forward; capital requirements; risks related to interest rates and inflationary pressures on the cost of doing business; geopolitical events and changes, availability of third-party contractors and service providers, and other risks inherent in the industry in which Maritime Launch operates.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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SOURCE Maritime Launch Services Inc.

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Visa Launches Enhanced A2A Protect Innovations to Help Financial Institutions Stop Fraud Before Money Leaves Accounts

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New unified fraud score is the company’s first combined offering in-market since Visa’s acquisition of Featurespace which delivers real-time A2A risk insightsNew graph-powered, agentic capability helps accelerate complex fraud and risk investigationsA2A Protect has been shown to reduce over 50% more fraud and help reduce over 40% in unnecessary fraud alerts

SINGAPORE, Sept. 2, 2026 /PRNewswire/ — Visa (NYSE: V), a world leader in digital payments, today announced an enhanced version of A2A Protect, delivering real-time risk insights that help banks stop account-to-account fraud before money leaves customer accounts. The expanded solution introduces a new unified fraud score—Visa’s first in-market integration of Featurespace technology—giving financial institutions faster, clearer signals to detect more fraud while reducing unnecessary alerts.

In addition, Visa is developing its complementary fraud prevention capabilities through Visa Graph IQ, a graph-powered, agentic investigation capability that provides deeper investigative insights to help financial institutions uncover fraud networks, identify money mule activity, detect emerging threats, and accelerate fraud and risk investigations.

As account-to-account (A2A) payments accelerate globally, A2A transactions are projected to surpass 5.8 trillion by 2028, a 160% increase from 2024, with Asia Pacific expected to account for more than half of global A2A consumer transactions by 2028[1]. While this growth presents significant opportunities, it also creates new fraud risks. Asia Pacific accounts for an estimated 67% of the world’s USD 1.03 trillion in annual scam losses, with Asia alone recording USD 688.42 billion in scam-related losses in 2024[2]. This growing threat is driving increased regulatory and industry focus on strengthening fraud prevention capabilities and enhancing consumer protection.

A2A Protect leverages advanced AI and sophisticated transfer learning and gives banks immediate access to critical global risk insights on A2A transactions, without waiting months for models to develop intelligence from a bank’s own transaction data, and without having to wait for other banks to join a consortium, delivering results and value from day one. Banks that opt in can incorporate additional network-level signals to enhance detection of emerging threats operating across the ecosystem.

“As account-to-account payments continue to accelerate across Asia Pacific, financial institutions are looking for ways to grow digital payments with confidence while maintaining a seamless experience for consumers and businesses,” said Serene Gay, Head of Value-Added Services, Asia Pacific at Visa. “The latest enhancements to A2A Protect combine Visa’s network intelligence with advanced AI capabilities to help our clients detect fraud earlier, respond faster to emerging threats, and strengthen trust in the digital payments ecosystem.”

For financial institutions that opt into network level intelligence sharing, A2A Protect highlights emerging scam hotspots and coordinated fraud activity – insights that may be difficult for individual financial institutions to detect alone, and that help the wider ecosystem respond faster to new threats. This gives financial institutions an earlier and more complete view of risk, helping to identify scams before authorisation. In fact, Visa A2A Protect has been shown to increase fraud detection by up to 75% in the first six months of deployment.

A2A Protect integrates with financial institutions’ current systems through a single API, reducing implementation time and complexity. Each alert includes a plain language explanation of why a transaction was flagged, helping fraud teams act quickly and confidently without disrupting genuine customers.

For more information on how Visa works to prevent fraud across the ecosystem, visit Visa.com/security.

[1]  Juniper Research, Global Instant Payments Market Report, September 2025

[2] GASA, Asia Scam Report, 2024

About Visa Inc.
Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

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SOURCE Visa

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Chemonics Australia Expands Public Sector Advisory, Infrastructure, and Development Delivery Capabilities with Acquisitions of 35 South and JID

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The acquisitions strengthen Chemonics Australia’s ability to support governments, development partners, and institutions across Australia and the Indo-Pacific with practical delivery capability from strategy and design through implementation.

CANBERRA, Australia, Sept. 2, 2026 /PRNewswire/ — Chemonics has completed its acquisitions of 35 South Advisors and JID, strengthening its capabilities across public and social sector delivery, international development, infrastructure, and implementation support throughout Australia and the Indo-Pacific. Together, these acquisitions strengthen Chemonics Australia’s ability to help clients tackle complex challenges by combining talented professionals with deep analytical and implementation expertise, advanced technology, and data-driven decision-making tools.

As part of Chemonics, which has been delivering programs for over 50 years, Chemonics Australia launched in 2025 to better support governments, institutions, and development partners across Australia and the Indo-Pacific. The acquisitions of 35 South and JID strengthen that effort by adding complementary expertise in public sector delivery, infrastructure, and program implementation, expanding Chemonics Australia’s capabilities to support partners from planning and design through to delivery.

35 South strengthens Chemonics Australia’s ability to support Commonwealth, State, and Territory agencies. With practical expertise in public policy, program and service delivery, economics, and data insights, the firm has built a reputation for exceptional client service, agility, and practical problem solving. Its experience spans finance, health, social services, central agencies, international development, defence, and other sectors. Its fit-for-purpose consulting, government delivery experience, and tailored client engagement will help agencies turn complex reforms into practical action and measurable results.

JID strengthens Chemonics Australia’s on-the-ground delivery capability. With teams already delivering key programs across the Indo-Pacific region, JID brings proven expertise in social and economic infrastructure, service delivery, disaster response and resilience, and complex program execution. JID has supported Australia’s Department of Foreign Affairs and Trade and other regional partners across Papua New Guinea, Tonga, Solomon Islands, Fiji, and Vanuatu. This includes work leading and managing major infrastructure investments across the Pacific. JID’s end-to-end model combines advisory services, program management, and operational delivery, enabling partners to implement complex programs and strengthen resilience in remote, disaster-affected, and resource-constrained settings.

Chemonics Australia was established to bring Chemonics’ global experience and delivery capability closer to partners across Australia and the Indo-Pacific. Building on that foundation, the acquisitions deepen Chemonics Australia’s expertise, while drawing on Chemonics’ more than 50 years of experience delivering programs in over 160 countries. Together, they expand Chemonics Australia’s ability to support partners including Australia’s Department of Foreign Affairs and Trade and Department of Defence, New Zealand’s Ministry of Foreign Affairs and Trade, the Asian Development Bank, and other government and development institutions across the region.

“I’m very excited to welcome 35 South and JID to the Chemonics family,” said Jamey Butcher, Chair and CEO of Chemonics. “I’ve been incredibly impressed by the work both organisations have done and by the people behind it. Bringing these teams together with Chemonics Australia strengthens what we can offer partners across Australia and the Indo-Pacific and brings expertise and experience that will make our organisation stronger around the world.”

“35 South was created to help governments and not-for-profits design better policies, deliver citizen-centred services, and operate more effectively,” said Scott Alexander, CEO of 35 South. “This next chapter gives our team access to broader capability, expertise and knowledge that Government demands while preserving the close client delivery, relationships, agility, and practical approaches that will help our clients achieve lasting, positive outcomes for Australian communities.”

“JID was established to help partners deliver complex development programs that work in practice,” said Brad Bowman, CEO of JID. “Our strength comes from teams embedded across the region and their ability to manage infrastructure and services in demanding environments. This partnership will give those teams stronger systems and resources to support larger programs, while keeping local knowledge at the centre of delivery.”

Looking ahead, the acquisitions create opportunities to strengthen public sector delivery, infrastructure implementation, and development programming across Australia and the Indo-Pacific. The combined Chemonics Australia organisation will continue to work in partnership with governments, regional institutions, development partners, and communities to support complex reform efforts, manage large investments effectively, and deliver programs that respond to local priorities and contribute to long-term outcomes.

For additional media inquiries and further information, please contact:
Natalie Wisely
Senior Director, Executive Strategy and Communications, Chemonics International
media@chemonics.com

About Chemonics Australia
With a focus on the Indo-Pacific, Chemonics Australia works with partners to offer fit-for-purpose solutions to today’s toughest challenges, combining deep regional insights with a global track record to deliver practical, sustainable impact. Through our regional offices, long-term partnerships, and network of local and international experts, we deliver tailored, results-driven solutions that strengthen systems, build local capacity, and achieve lasting impact for communities.

About 35 South
Founded in 2021, 35 South is a consulting firm recognised for its exceptional client service, data analytics, program delivery, financial and economic modelling and practical problem-solving. The firm supports Australian Government and not-for-profit partners across priority sectors including health, social services, central agencies, defence, and international development.

About JID
Established in 2016, JID specialises in project advisory, program management, and on-the-ground delivery in complex environments. With teams across the region, JID draws on deep local expertise and strong project management discipline to deliver infrastructure and service delivery programs that support sustainable, long-term impact.

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SOURCE Chemonics Australia

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