June 02, 2021
According to the research report titled ‘Global Rotary Uninterruptible Power Supply (UPS) Market by Type (Diesel, hybrid and other), Power rating (Up to 1000 kVA, 1001-2000 kVA, 2001-2500 kVA and Above 2500 kVA), Application (Aerospace & Defense, Electronics & Semiconductors, Manufacturing Industry, IT & Telecommunications, Data centers, Healthcare & Pharmaceuticals, Others). Regional Forecasting 2020-2027’, available with Market Study Report, global rotary uninterruptible power supply (UPS) market was worth USD 0.6 billion in 2019 and is anticipated to record 4.9% CAGR over 2020-2027, amassing USD 0.9 billion by the end of the forecast timeframe.
Increasing demand for zero-downtime power supply solutions for essential applications, is primarily fueling global rotary uninterruptible power supply (UPS) market growth. Moreover, low maintenance cost of rotary UPS are positively swaying the business dynamics, cites the study.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3793423/
For those unaware, an uninterrupted power supply (UPS) is a electricity grid that continuously supplies high-quality electricity. The UPS input is connected to the main power source, and the output is connected to the user's electrical charge. They have built-in storage devices such as batteries and flywheels to provide power in the event of a power failure.
Overall demand for manufactured goods is high, further bolstering the manufacturing industry and production of UPS units altogether.
Speaking of recent developments, the COVID-19 outbreak has impacted both demand and sales forecast, however, many economies like China and New Zealand are reviving their production activities.
On the downside, increasing government norms on the usage of fossil fuels and diesel are negatively influencing worldwide rotary uninterruptible power supply (UPS) industry expansion.
On the regional front, Europe currently holds major portion of global rotary uninterruptible power supply (UPS) market share, creditable to rising investments in data centers. Germany, with a thriving IT & telecom and pharmaceuticals sectors, along with France boasting of flourishing aerospace and pharmaceuticals sectors are the largest opportunities for the industry growth in Europe.