Uninterrupted Power Supply (Ups) System Market Share, Price Trends, Opportunity and Forecast 2023-2028

According to the new market research report by IMARC Group "Uninterrupted Power Supply (UPS) System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the global uninterrupted power supply (UPS) system market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.25% during 2023-2028.

Uninterrupted Power Supply (UPS) System Market Overview:

An uninterrupted power supply (UPS) system is a battery backup solution that is used in case of power failures or voltage drops. Voltage and frequency independent (VFI), voltage-independent (VI), and voltage-dependent (VD) are some of the commonly used UPS systems. They consist of rectifiers, static bypass switches, batteries, flywheels and supercapacitors. Uninterrupted power supply (UPS) systems have a short on-battery run-time, which is sufficient for securely shutting down active equipment and devices, such as data centers, computers and television systems. This, in turn, aids in preventing operational disruption data loss, protecting the voltage-sensitive devices, maintaining battery life and providing surge protection. As a result, UPS systems are widely used in telecommunication centers, electric point of sales (PoS) terminals and healthcare centers. 

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Uninterrupted Power Supply (UPS) System Market Trends:

The increasing demand for reliable power solutions in large-scale manufacturing facilities to provide uninterrupted power supply during power shortage and interruptions is primarily driving the market growth. In line with this, the increasing demand for zero power downtime across various industries to improve productivity and effectively run information technology (IT) operations is favoring the market growth. Apart from this, various product innovations, such as the introduction of lithium-ion (Li-ion) batteries with a higher energy density, voltage capacity and operating temperature, are providing a considerable boost to the market growth. Additionally, the widespread product adoption across residential and commercial complexes for protecting electronic devices and smart devices against sudden power outages and voltage fluctuations is positively impacting the market growth. Other factors, including the introduction of self-diagnostic features, significant expansion in the telecommunication industry and the increasing requirement for factory automation, are anticipated to drive the market toward growth.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Uninterrupted Power Supply (UPS) System Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

Top Market Players in the Industry:

ABB Ltd.
AEG Power Solutions B.V. (3W Power S.A.)
CyberPower Systems Inc.
Delta Electronics Inc.
Eaton Corporation
Emerson Electric Co.
Hitachi Hi-Rel Power Electronics Private Limited (Hitachi Ltd.)
Huawei Technologies Co. Ltd.
Legrand
Microtek International Inc.
Schneider Electric SE
Shenzhen SORO Electronics Co. Ltd.
Socomec
Toshiba Corporation.

Key Market Segmentation:

Breakup by Type:

Online
Offline 
Line Interactive 

Breakup by Rating:

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