Uninterrupted Power Supply (UPS) System Market to Reach $9.4 Bn, Globally, by 2027 at 4.3% CAGR: Allied Market Research
PORTLAND, Ore., Feb. 4, 2021 /PRNewswire/ Allied Market Research published a report, titled, Uninterrupted Power Supply System Market by Type (Online, Offline and Line interactive), Rating (200 KVA), and End User (Residential, Industrial, and Commercial): Opportunity Analysis and Industry Forecast, 2020-2027. According to the report, the global UPS system industry generated $7.4 billion in 2019, and is expected to garner $9.4 billion by 2027, witnessing a CAGR of 4.3% from 2020 to 2027.
Prime determinants of growth
Increase in demand for reliable power solutions for supporting large-scale manufacturing facilities and surge in adoption from residential and commercial sectors drive the growth of the global uninterrupted power supply system market. However, high maintenance cost of UPS systems hinders the market growth. Contrarily, advancements such as Lithi
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