The global UPS market is currently driven by growing frequency of power fluctuations and growth in number of data centers and

The global UPS market is currently driven by growing frequency of power fluctuations and growth in number of data centers and

The global UPS market is currently driven by growing frequency of power fluctuations and growth in number of data centers and cloud storage utilization. Demand for power backup solutions in small and large scale industries is increasing considerably to protect sensitive equipment from the adverse effects of grid power fluctuations. Need for UPS systems in hospitals and factories are also growing, where power failures lead to critical situations. Advancements in UPS systems such as lithium-ion technology, transformer-less UPS, and modular UPS are likely to have strong influence on market growth over the forecast period. In 2017, the global UPS market was valued at US$ 5,539.2 Mn and is anticipated to reach US$ 10,745.9 Mn by 2026, expanding at a CAGR of 7.8%during the forecast period from 2018 to 2026