Modular Ups Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
Modular Uninterrupted Power Supply (UPS) Market Size is forecast to reach $10.5 billion by 2026 , growing at a CAGR of 6.9% in the forecast period 2021-2026 . The rise in demand for reliable power solutions that can support large-scale manufacturing facilitates is expected to drive the uninterrupted power supply system market growth. An increase in data-related services, and the growing trend of cloud computing and virtualization has also escalated the demand for data centers globally. Adding to this, a growing number of data centers creates demand for UPS in the forecast period. Moreover, several data centers have been planning to expand their presence in this region. In 2021, Google has committed to invest plan over $7 billion in offices and data centers across the world for various activities including investing in communities that are new to Google and expanding in others across 19 states. Similarly, Microsoft has committed to invest more than $200 million to build 2 data centers ...