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Download Free sampleThe global Uninterruptible Power Supply market was valued at 304.81 Million USD in 2021 and will grow with a CAGR of 6.84% from 2021 to 2027, based on Research newly published report.
The prime objective of Uninterruptible Power Supply Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Uninterruptible Power Supply Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
An uninterruptible power supply is electrical equipment that gives emergency power to a load when the input power source or mains power fails. An uninterruptible power supply is different from an auxiliary or emergency power system or standby generator in that it will give near-instantaneous safety from input power interruptions, by supplying energy stored in batteries, super capacitors, or flywheels. The on-battery runtime of most uninterruptible power sources is relatively short but sufficient to start a standby power source or properly shut down the protected equipment. In large industrial facilities, power failures are highly detrimental for the operational efficiency. Industrial UPS systems (Uninterruptible Power Supply) can mitigate such effects with advanced functionalities and features. These extensive services include extended power back up and protection against several power quality issues.Some of the key factors influencing the market growth include rising industrialization, growing demand for power backup solutions, increasing population, government initiatives for industrial development and recent decline in lithium-ion battery prices. Several manufacturing industries, mainly petrochemical & refining, the oil and gas, and automobile design facilities are making use of uninterruptible power supply systems for power backup to avoid loss of data and efficiency. Further, industries such as healthcare, chemicals, and food processing, are also among the key end users of these systems.
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