Rise in adoption of UPS systems from residential and commercial sectors and surge in demand for reliable power solutions for supporting large-scale manufacturing facilities drive the growth of the global uninterrupted power supply system market. The market across Asia-Pacific is expected to register the highest CAGR of 5.1% during the forecast period. The Covid-19 pandemic resulted in shortage of workforce and due to social distancing norms, the new installations of UPS systems have been postponed.
Portland, OR, March 03, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global uninterrupted power supply (UPS) system market was pegged at $7.4 billion in 2019, and is projected to reach $9.4 billion by 2027, growing at a CAGR of 4.3% from 2020 to 2027.
Rise in adoption of UPS systems from residential and commercial sectors and surge in demand for reliable power solutions for supporting large-scale manufacturing facilities have boosted the growth of the global uninterrupted power supply system market. However, high maintenance cost of UPS systems hinders the market growth. On the contrary, developments such as Li-ion batteries with high operation temperature would open lucrative opportunities for the market players in the future.
Download Sample PDF (258 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/5941
The Covid-19 pandemic resulted in shortage of workforce and due to social distancing norms, the new installation of UPS systems has been postponed. However, the implementation of work from home culture and frequent power losses increased the demand for UPS systems.
Manufacturing activities hampered owing to lockdown measures implemented by governments of several countries. Moreover, the shortage of raw materials as import-export activities banned in several countries.
The global uninterrupted power supply system market is segmented on the basis of type, rating, end user, and region. Based on type, the line-interactive segment is anticipated to manifest the highest CAGR of 5.3% during the forecast period. However, the online segment held the largest share in 2019, accounting for around two-fifths of the market.
Get detailed COVID-19 impact analysis on the Uninterrupted Power Supply (UPS) System Market Request Here
Based on end-user, the industrial segment is projected to register the highest CAGR of 4.9% from 2020 to 2027. Moreover, the segment held the lion’s share in 2019, contributing to around two-fifths of the market.
The global uninterrupted power supply system market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is expected to register the highest CAGR of 5.1% during the forecast period. However, the market across North America held the largest share in 2019, contributing to more than two-fifths of the market.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/5941
The global uninterrupted power supply system market report includes an in-depth analysis of the major market players such as Schneider Electric Se, Abb Ltd., Soro Electronics, Luminous power technologies, MICROTEK, Delta Electronics Inc., Emersion Electric Co., and Huawei Technologies Co., Ltd.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
(Pre-Book Now with 10% Discount)
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060