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In 2021, the Uninterruptible Power Supply (UPS) Market was estimated to be worth USD 10.9 billion. It is anticipated that the uninterruptible power supply (UPS) market will expand from USD 11.8 billion in 2022 to USD 20.8 billion by 2030, with a compound annual growth rate (CAGR) of 8.40% over the forecast period (2022 – 2030). Due to the rising demand for dependable power solutions, UPS systems are frequently utilised in big production plants to ensure uninterrupted power supply and prevent power outages. The primary market factors accelerating market expansion are UPS systems, which are widely used in both residential and commercial structures.
The most popular type of backup power source for important industrial applications is a diesel generator. Diesel generators release carbon dioxide, carbon monoxide, nitrogen oxides (NOx), and particulates when they burn diesel fuel. For instance, a litre of fuel used in a diesel generator yields 2.6 kg of carbon dioxide and 0.73 kilogramme of pure carbon.
Because of this, many industrial applications now use uninterruptible power supply systems to cut down on air pollution during brief blackouts. Systems for uninterruptible power supplies are frequently built using lithium-ion or lead-acid batteries. Additionally, it’s crucial to keep in mind that since generators require human starting, they cannot deliver an instant power source. Generators cannot supply the fast backup power needed by computers and other equipment.
In the previous few years, the industrial revolution has made enormous progress. By integrating manufacturing facilities and operations with the Internet of Things (IoT), cloud computing, analytics, artificial intelligence, and machine learning, new technologies changing manufacturing industry.
Many businesses utilise an uninterruptible power supply to prevent data loss and manufacturing line downtime since these processes are crucial. During a power outage, they deploy an uninterruptible power supply to stabilise the power and speed up production. The uninterruptible power supply (UPS) market is anticipated to expand at the quickest rate during the projected period as a result of the aforementioned factors.
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Key Players
Key Companies in the Uninterruptible Power Supply (UPS) market includes
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Segmentation
Based on rating, the uninterruptible power supply (UPS) market is divided into four categories: 5 KVA and under, 5–50 KVA, 50–200 KVA, and >200 KVA.
Based on product type, the uninterruptible power supply (UPS) market is segmented into online/double-conversion, line-interactive, and off-line/standby. In 2021, the uninterruptible power supply market was dominated by the online/double-conversion category.
The applications of uninterruptible power supplies (UPS) have been divided into maritime, industrial, medical, telecommunication, data centre, and others in the worldwide UPS market statistics.
The analysis offers insights into the uninterruptible power supply markets in North America, Europe, Asia-Pacific, and the rest of the world, by region. The uninterruptible power supply (UPS) market in North America, which had sales of USD 4.99 billion in 2021, is anticipated to rise at a substantial CAGR over the research period. Along with the growth of telecommunications and cloud-based services, automation is also fueling the North American market in insurance, healthcare, and financial services.
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