Report ID: SQMIG55E2028
Report ID:
SQMIG55E2028 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
97 |
Figures:
76
Global Modular Uninterruptible Power Supply Market size was valued at USD 1.64 Billion in 2022 and is poised to grow from USD 1.79 Billion in 2023 to USD 3.68 Billion by 2031, at a CAGR of 9.40% during the forecast period (2024-2031).
The expansion in the modular UPS market can be attributed to the rising adoption of smaller modular systems, which has spurred demand. A noteworthy advantage of employing a modular UPS system lies in its adaptability to meet varying load demands, a feature not offered by fixed-capacity UPS systems. This adaptability facilitates the automatic transition of non-essential operations into a "sleep mode," optimizing operational efficiency.
Another significant benefit of modular UPS systems is their efficiency in terms of service and maintenance. In case of module replacement, these systems generally require only around 30 minutes for completion, with the presence of a UPS service engineer on-site. These advantages are driving the gradual replacement of traditional vertical (tower-type) structure UPS systems with modular counterparts.
The rapid growth in colocation and cloud services, coupled with increased utilization of cloud applications across various industries, is poised to propel the modular UPS market in the forecast period. Nonetheless, a challenge lies in the limited awareness among non-data center entities regarding the benefits of modular UPS systems. To foster further market growth, it is imperative to raise awareness about the advantages of modular UPS systems among non-data center segments.
US Modular Uninterruptible Power Supply Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG55E2028