Market Research Report
Europe Uninterruptible Power Supply (Ups) Market Forecast 2022-2030
|Europe Uninterruptible Power Supply (Ups) Market Forecast 2022-2030|
Published: June 13, 2022
Content info: 140 Pages
Delivery time: 2-3 business days
The Europe uninterruptible power supply (UPS) market is estimated to rise with a CAGR of 3.39% during the forecast period, 2022 to 2030. A rise in the construction of hyper-scale data centers, surging demand for IT services, and increasing adoption of cloud technologies propel the market growth during the forecast period.
The Europe uninterruptible power supply (UPS) market growth analysis entails the assessment of Belgium, Germany, Spain, France, United Kingdom, Italy, and Rest of Europe. France is witnessing an increase in digitalization among every enterprise. There is also a rising dependency on electronic devices to access information and supportive power options for the large-scale manufacturing sector. Also, an increase in the number of data centers promotes the uninterruptible power supply (UPS) market growth during the forecast period.
Furthermore, in Spain, the rapid adoption of new and advanced technologies, growth in digitalization, expansion of different end use sectors, increasing power demand, etc., are some of the major growth enablers supplementing the uninterruptible power supply (UPS) market by 2030.
On the other hand, in Italy, increasing disposable income, coupled with a rise in the standard of living, boosts the demand for a regular and continuous power supply. Also, a surge in the population and the growing number of commercial offices and data centers contribute to the market growth during the forecast period. In addition, the increasing advancement of technology and the growing trend of virtualization are also booming the development of uninterruptible power supply systems.
Some of the leading market players include: Eaton Corporation, Schneider Electric SE, Legrand, etc.