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The global UPS Market was valued at a range of $10billion – $11billion in 2018, and it is projected to grow with a CAGR of around 3% – 5% during the forecast period 2019-2025. UPS is like a continual power system that provides sufficient power to start a system or to shut down the protected …
The global UPS Market was valued at a range of $10billion – $11billion in 2018, and it is projected to grow with a CAGR of around 3% – 5% during the forecast period 2019-2025.
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India UPS Market is expected to grow with a CAGR over 8% during the forecast period 2018-2025. Growing need for continuous and smooth power supply in various end-use sectors including residential, commercial and industrial, provides huge growth opportunity for UPS manufacturers in India. Particularly, growing demand from IT/ ITeS, BFSI, government sector, manufacturing, telecom, and energy sectors are expected to drive UPS market in India in the coming years. However, regardless of various government efforts towards increasing power generation over the last decade, there is still a huge mismatch between power supply and demand. Poor power infrastructure and high transmission losses are anticipated to drive demand for UPS systems in India over the forecast period.
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