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Technavio, an international market research institution, recently released a report that the global industrial uninterruptible power supply market is expected to grow by $1.
28 billion from 2020 to 2024, and the market will grow
at a compound annual growth rate of 7% during the forecast period.
The report cited the increasing demand for energy efficient and stable power solutions as the major reasons
contributing to the steady growth of this market.
In addition, the reduced cost, ease of deployment, and high handling performance of uninterruptible power supply systems are also important reasons for the rapid development of
this market.
41% of the market growth will come from Asia Pacific
during the forecast period.
The government's industrial development plans will greatly influence the growth of
the industrial uninterruptible power supply market in the region.
For example, China and Japan are the major markets
for industrial uninterruptible power supplies in the Asia-Pacific region.
From the perspective of suppliers, ABB, AEG, Eaton Electric, Emerson Electric, AMETEK, Schneider Electric, Mitsubishi Electric, General Electric, Legrand, etc.
will become the world's leading suppliers
of industrial uninterruptible power supply systems.
Technavio, an international market research institution, recently released a report that the global industrial uninterruptible power supply market is expected to grow by $1.
28 billion from 2020 to 2024, and the market will grow
at a compound annual growth rate of 7% during the forecast period.
The report cited the increasing demand for energy efficient and stable power solutions as the major reasons
contributing to the steady growth of this market.
In addition, the reduced cost, ease of deployment, and high handling performance of uninterruptible power supply systems are also important reasons for the rapid development of
this market.
41% of the market growth will come from Asia Pacific
during the forecast period.
The government's industrial development plans will greatly influence the growth of
the industrial uninterruptible power supply market in the region.
For example, China and Japan are the major markets
for industrial uninterruptible power supplies in the Asia-Pacific region.
From the perspective of suppliers, ABB, AEG, Eaton Electric, Emerson Electric, AMETEK, Schneider Electric, Mitsubishi Electric, General Electric, Legrand, etc.
will become the world's leading suppliers
of industrial uninterruptible power supply systems.
