UPS Market — An Array Of Graphics And Analysis Of Major Industry Segments
The global UPS market is expected to display steadfast growth between 2017 and 2025, gaining traction from the increasing frequency of power fluctuations and growth in the number of data centers globally. Power fluctuations that pose a threat to human life such as in hospitals and factories or can cause damage to property need to be equipped with reliable power back up to prevent such accidents.
Majorly fuelling the global UPS market is the increasing frequency of power fluctuations and growth in the number of data centers and cloud storage utilization capacity. Natural causes, short circuits as well as manmade outages are the some of the key factors for power fluctuations that can cause equipment degradation over a period or instantaneous loss of data stored on the equipment. This necessitates power backup, especially in emerging economies that do not have reliable energy infrastructure.
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Power backup in small and large scale industries protects sensitive equipment from getting damaged in the event of fluctuations in the power grid. UPS systems are crucial for hospitals wherein power fluctuations can put patients’ life in danger. UPS systems are also crucial for factories to prevent accidents, loss of downtime.