UPS Market Expected to Reach $14 Billion by 2026

According to a recent study from market research firm Global Market Insights, the uninterruptible power supply (UPS) market is projected to experience exponential growth (set to surpass $14 billion by 2026) due to rising demand for power back-up solutions across numerous industries and the need to counter power outages or disruptions in the main power supply.

Growing need for backup power in businesses operating across Tier III & II cities as well as increasing popularity of solar-based systems could play a crucial role in driving product demand, notes the research firm. UPS solutions are also observing heavy demands owing to surging cases of power outages across data centers, which could often result in capital loss for business enterprises.

Today, a plethora of various design approaches are used to implement UPS solutions, each of which boasts its own unique performance characteristic, enabling the industry to meet a variety of demands from end-users. Solutions like interactive UPS, standby UPS, standby on-line hybrid UPS, double conversion on-line, standby Ferro, and delta conversion on-line UPS represent the variety of product configurations that can meet diverse performance requirements.

For more information, including which industries are set to see the biggest gains in adoption, read the original report.