North America Uninterruptible Power Supply (Ups) Market Forecast 2022-2030
KEY FINDINGS
The North America uninterruptible power supply (UPS) market is anticipated to rise with a CAGR of 3.19% during the forecast period, 2022-2030. The growing number of construction of hyper-scale data centers and the presence of prominent industry leaders in the region drive the market growth.
MARKET INSIGHTS
The North America uninterruptible power supply (UPS) market growth evaluation entails the analysis of Canada and United States. In Canada, increasing disposable income, rising per capita income, rapid urbanization, upsurge in the population, rising commercial as well as the industrial sector, and increase in the number of offices, theaters, and shopping malls are some of the major growth promoters for the uninterruptible power supply (UPS) market during the forecast period.
Also, there has been significant growth in the residential sector in Canada, which is expected to increase the deployment of uninterruptible power supply (UPS) systems to prevent damage from power outages and failures. As per reports, the total volume of homes in Canada is expected to increase by over 1 million by 2023, increasing the adoption of UPS systems for consumer electronic devices. Further, these systems are directly connected to the home appliances, which protects them from sudden power surges, promoting the Canada uninterruptible power supply (UPS) market growth during the forecast period.
COMPETITIVE INSIGHTS
Some of the leading market players include Toshiba International Corporation, General Electric Company, Emerson Electric Co, etc.
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