Uninterrupted Power Supply Market 2023 Business Outlook, Critical Insight And To Witness Substantial Growth Opportunities

The Uninterrupted Power Supply Market size is expected to reach US$ 17.52 billion by 2031 from 10.82 billion in 2023, at an estimated CAGR of 6.2% from 2023 to 2031.

The scope of the uninterrupted power supply market report is primarily divided into North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). North America had a significant growth rate in the year 2023. North America is an industrially and economically advanced region. The region has established a significant number of data centers, which is expected to grow in the coming years.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00083460?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. Schneider Electric SE
2. ABB Ltd
3. Toshiba Corp
4. Cyber Power Systems (USA) Inc
5. Eaton Corp Plc
6. Emerson Electric Co
7. Delta Electronics Inc
8. Legrand SA
9. Mitsubishi Electric Corp
10. Kehua Data Co Ltd

In this report, the market has been segmented on the basis of:

Type

• Standby
• Line Interactive
• Online

Rating
• Up to 50 kVA
• Between 50 and 100 kVA
• Above 100 kVA

Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/uninterrupted-power-supply-market

For instance, in 2023, Microsoft announced its plan to invest US$ 500 million in developing a hyperscale cloud computing and AI infrastructure in Quebec. The investment was made to fulfill the goal of strengthening the region's innovation economy, creating high-value jobs, and preparing the province for the future AI economy. In 2024, Amazon subsidiary AWS announced its plan to invest US$ 5 billion to establish multiple data centers in Mexico to cater to the growing demand for cloud computing services. According to Reuters, Ruben Mugartegui, the CEO of AWS Mexico, stated that the new data centers will be established in the Mexican state of Queretaro.

Mugartegui also stated that the company has been working on the project for more than five years and intends to divide the investment over a period of 15 years. Also, the rise in investment in smart grids in the region contributes to the increased demand for uninterrupted power supply. In 2023, the Department of Energy announced US$ 3.5 billion in grants to increase wind and solar power capacity, fortify power lines against extreme weather, integrate batteries and electric vehicles, and develop microgrids to keep lights operational during power outages. The report highlighted 58 projects in 44 states in the US as eligible for federal financing. The investment amount will reach more than US$ 8 billion with funding from state and local governments, utilities, and industry partners. This government initiative will drive the market growth in the region.

The Uninterrupted Power Supply market analysis has been carried out by considering the following segments: type, rating, and end user.

Based on rating, the Uninterrupted Power Supply market share is segmented into up to 50 kVA, between 50 and 100 kVA, and above 100 kVA. This type of uninterruptible power supply system has a maximum capacity of 50 kVA. The up to 50 kVA UPS is connected between the mains and critical loads to supply high-quality power to the loads. The 20 kVA UPS with an insulated-gate bipolar transistor (IGBT)technology provides battery backup and AC power protection against power disturbances. Whether for a medical facility, a large data center, or an educational institution, the efficiency provided by these low-frequency, uninterruptible power supply systems can play a fundamental role in any low-maintenance, ten-year power solution. An uninterruptible power supply of up to 50 kVA is compatible with lithium-ion UPS batteries, which are 40% smaller than valve regulated lead-acid (VRLA) batteries and have twice the lifespan, saving money on extra square footage and battery replacement costs for battery cabinets. These systems are mostly used in small offices, network closets, and point-of-sale systems.

Order a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00083460?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.