UPS Market To Reflect Impressive Growth Rate By 2018 - 2026
According to a new market report on UPS, published by Transparency Market Research, the global UPS market is expected to reach US$ 10,745.9 Mn by 2026, expanding at a CAGR of 7.8% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 8.3% through 2026. Growing frequency of power fluctuations driving the global UPS market Due to growing electricity failures, adoption rate of UPS has increased in order to protect various electronic equipment. Power failures are critical in areas where environment and public safety are at risk including hospitals and industrial areas. Hence, these sectors primarily concentrate on power backups in order to protect sensitive equipment from the adverse effects of grid power fluctuations. UPS Market: Scope of the Report The glob...