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The global uninterruptible power supply market has witnessed strong growth owing to the rapid urbanization and growth in the IT market. Technological advancement and the availability of data center rack solutions are also anticipated to foster market growth. The increasing demand for UPS in the residential and commercial sectors will moreover enhance the market growth.
JERSEY CITY, N.J., Feb. 15, 2021 /PRNewswire/ Verified Market Research recently published a report, Uninterruptible Power Supply (UPS) Market By Type (Off-Line/Standby, Line-Interactive and Online/Double-Conversion), By Application (Data Center, Telecommunication, Medical, Industrial, Marine and Others), by Geography. According to Verified Market Research, the Global USD 7.48 Billion in 2020 and is projected to reach USD 10.46 Billion by 2028, growing at a CAGR of 4.27 % from 2021 to 2028.