Modular UPS (Uninterruptible Power Supply) Market to reach US$ 6.92 billion by the year 2027
Added: (Wed May 18 2022)
Pressbox (Press Release) -
Market overview:
Modular UPS (Uninterruptible Power Supply) Market has been valued US$ 3.8 billion in the year 2021 and it is estimated to reach US$ 6.92 billion by the year 2027, with a CAGR of 10.12% from 2022 to 2027. Modular UPS (Uninterruptible Power Supply) is an enhanced battery system that will self-activate in the event of a power disruption and function as the primary power source until electronic devices can safely be shut down or an emergency generator takes over; these are the main factors that have considerably increased the demand for the Modular UPS (Uninterruptible Power Supply) in the market, thereby driving the huge growth of the Modular UPS (Uninterruptible Power Supply) market in the upcoming years
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the in the Modular UPS (Uninterruptible Power Supply) market is mainly due to the Enterprises from every sector have undergone digitalization. This has resulted in dependency on electronic devices to collect and access information for business processes. This increases dependence on a reliable and continuous power supply. Without a power supply, enterprises cannot run business processes. In case of power failure or loss of primary power supply, there must be assured and reliable power supply. When primary power goes down, UPS ensures continuity and reliability so that ongoing work can be saved and hardware can be protected. Although there is a high demand for UPS systems in the IT sector, many industrial processes have now adopted microprocessors and PC-based systems that are susceptible and sensitive to power disturbances. A few seconds of a power outage can disrupt industrial processes, causing major financial losses. Hence, most of the industries across sectors have started to adopt advanced UPS and modular UPS systems these are the main factors that have considerably increased the demand for the Modular UPS (Uninterruptible Power Supply) in the market, thereby driving the huge growth of the Modular UPS (Uninterruptible Power Supply) market in the upcoming years
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Report is segmented as:
Modular UPS (Uninterruptible Power Supply) Market is segmented on the basis of by:
By Power capacity (0-50 kVA, 51-100 kVA, 101-300 kVA and 301 and above),
By Enterprise (Small Enterprise, Medium Enterprise, and Large Enterprise),
By End User (Communication, Financial, Chemical, and Industrial)
Geographical Segmentation:
Modular UPS (Uninterruptible Power Supply) Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Modular UPS (Uninterruptible Power Supply) is due to the construction of new data centers is expected to drive the demand for modular UPS systems these are the main factors that have considerably increased the demand for the Modular UPS (Uninterruptible Power Supply) in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Modular UPS (Uninterruptible Power Supply) Market
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Impact of COVID-19 on Market
The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate have an effect on of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increase opportunities. COVID-19 will have an occasional have an effect on the Modular UPS (Uninterruptible Power Supply) market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Modular UPS (Uninterruptible Power Supply) market growth
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