Uninterruptible Power Supply (UPS) Market Size And Forecast
Uninterruptible Power Supply (UPS) Market size was valued at USD 7.80 Billion in 2021 and is projected to reach USD 11.38 Billion by 2030, growing at a CAGR of 4.28% from 2022 to 2030.
The global uninterruptible power supply market has witnessed strong growth owing to the rapid urbanization and growth in the IT market. Technological advancement and the availability of data center rack solutions are also anticipated to foster market growth. The increasing demand for UPS in the residential and commercial sectors will moreover enhance the market growth. The Global Uninterruptible Power Supply (UPS) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Uninterruptible Power Supply (UPS) Market Definition
An uninterruptible power supply or uninterruptible power source (UPS) is an electrical equipment that generates emergency power to a load when the input power source or mains power fails. In a UPS, the energy is usually stored in batteries, flywheels, or supercapacitors. Compared to other immediate power supply systems, UPS has the advantage of close protection against input power interruptions. It has a short on-battery run time; however, it is sufficient to securely shut down the associated apparatus (computers, telecommunication equipment, etc.) or switch on a standby power supply. They can only be employed for the supply of power for some time so that there is no impairment to the devices.
A UPS is typically used to maintain hardware such as computers, data centers, telecommunication equipment, or other electrical equipment where an accidental power disruption could cause injuries, fatalities, severe business disruption, or data loss. UPS is extensively used in small offices, hospitals, electric point of sales terminals, and telecommunication centers for power backup. In large business environments where security is paramount, a single huge UPS can also be a singular point of failure that can confuse many other systems. To accommodate more excellent reliability, multiple smaller UPS modules and batteries can be integrated to deliver redundant power protection equivalent to one huge UPS
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