The global uninterruptible power supply market is anticipated to exhibit strong growth in the years to come. Implementation of cloud computing services and growing need for continuous power supply to facilitate operations efficiently in several verticals, such as banks, financial institutions, and businesses, can drive the market. Increasing acceptance of cloud servers that pack more power into a small space, is one of the key factors driving the market. In addition, rising use of digital devices and expanding base of connected customers are responsible for generating massive amount of data.
The data center UPS market is expected to grow at a CAGR of about 7% over the forecast period from 2016 to 2024. Uninterrupted power supply (UPS) is a device that provides emergency power to load in case of main power source failure.
Power rental systems are useful during power outages/blackouts in order to continue the endless production process. Growing need of power in commercial and industrial applications is likely to fuel the market growth over the next five years. They acts as an alternate power providing device during low power supply phase.