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Uninterruptible Power Supply (UPS) Market: Comprehensive Analysis of Demand Surge, Innovation Drivers, and Future Prospects
Uninterruptible Power Supply (UPS) Market
As per the report, the uninterruptible power supply (UPS) market size has grown strongly in recent years. It will grow from $9.33 billion in 2023 to $10.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The uninterruptible power supply (UPS) market size is expected to see strong growth in the next few years. It will grow to $13.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Growing Telecommunication Is Driving The Growth Of The Uninterruptible Power Supply (UPS)
The growing telecommunications industry is expected to propel the growth of the uninterruptible power supply (UPS) market going forward. The telecommunications industry refers to the sector of the economy dedicated to the transmission and exchange of information through various forms of technology, including the telephone, internet, radio, and television. The telecommunications sector is growing due to increasing demand for seamless connectivity and rapid advancements in technology. Uninterruptible power supply (UPS) systems are crucial in the telecommunications industry to ensure the continuous operation of critical equipment and maintain service reliability during power disruptions or outages. For instance, in May 2021, according to a report published by the Canadian Radio-television and Telecommunications Commission, a Canada-based government agency, the telecommunications sector observed a 3.4% uptick in total revenues compared to the previous year, largely attributed to a nearly $1.3 billion boost in mobile revenues. This translated to a 4.5% increase in overall mobile revenue within the Canadian market. Therefore, the growing telecommunications industry is driving the growth of the uninterruptible power supply (UPS) market.
Technological Advancement To Drive Innovation In The Uninterruptible Power Supply (UPS)
Major companies operating in the uninterruptible power supply (UPS) market are focusing on developing advanced solutions, such as HotSync's load-sharing technology, to gain a competitive edge in the market. HotSync's load-sharing technology refers to a system that dynamically balances power loads across multiple sources, optimizing efficiency and reliability in distributed power generation networks. For instance, in May 2024, Eaton Corporation plc, an Ireland-based intelligent power management company, launched the 9395X UPS, an intelligent, space-saving, uninterruptible power supply (UPS) designed for the hyperscale and colocation data center segments. This new solution provides a market-leading footprint reduction of up to 50% and a power density improvement greater than the previous models, allowing data centers to increase their power capacity while minimizing the physical space required.
The uninterruptible power supply (UPS) market covered in this report is segmented -
1) By Product: Online Conversion, Line-Interactive, Off-Line Or Standby
2) By Component: Rectifier, Batteries, Inverter, Static Bypass Switch, Capacitors, Fans, Other Components
3) By Capacity: Less Than 10 Kva, 10-100 Kva, Above 100 Kva
4) By Application: Residential, Commercial, Industrial, Telecommunication, Data Center, Marine, Medical, Other Applications
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Major companies operating in the uninterruptible power supply (UPS) market are Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, GE Healthcare, Emerson Electric Co., Delta Electronics Inc., Kohler Co., Vertiv Holdings Co., Socomec Group S.A., S&C Electric Company, CyberPower Systems Inc., AEG Power Solutions B.V., Sendon International Ltd., Fuji Electric Co Ltd., Hitachi Industrial Equipment Systems Co Ltd., Borri S.p.A., Riello Elettronica S.p.A., Centiel SA, Chloride Systems, Potencia Industrial
Contents of the report:
1. Executive Summary
2. Uninterruptible Power Supply (UPS) Market Report Structure
3. Uninterruptible Power Supply (UPS) Market Trends And Strategies
4. Uninterruptible Power Supply (UPS) Market - Macro Economic Scenario
5. Uninterruptible Power Supply (UPS) Market Size And Growth
…..
27. Uninterruptible Power Supply (UPS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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