Driven by AI, new battery chemistry and modularity, the global market for uninterruptible power supply (UPS) systems is estimated at $11.8 billion (U.S.) in 2023 and is projected to reach $17.5 billion (U.S) by 2030, growing at a CAGR of 5.7% from 2023 to 2030. That’s according to a new report, “Uninterruptible Power Supply (UPS) Systems - Global Strategic Business Report,” available from ResearchAndMarkets.com. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts.
The growth in the UPS market is driven by several factors, reflecting the increasing demand for reliable power solutions across various sectors. According to the report, the rapid expansion of data centers, fueled by the surge in digital services and cloud computing, is a major driver, as these facilities require robust UPS systems to maintain uninterrupted service. The health care sector’s growing reliance on electronic medical records and advanced diagnostic equipment also necessitates reliable power backup solutions. Additionally, the industrial sector’s move toward automation and smart manufacturing is creating a need for UPS systems that can support complex machinery and ensure continuous production.
Consumer behavior is also shifting, with more businesses and individuals recognizing the importance of protecting their electronic devices from power disruptions. Furthermore, regulatory requirements and standards for power quality and reliability are prompting organizations to invest in advanced UPS systems. These factors collectively underscore the increasing importance of UPS systems in maintaining power continuity and supporting the technological advancements of various industries.
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