PUBLISHER: Inkwood Research | PRODUCT CODE: 1088384
PUBLISHER: Inkwood Research | PRODUCT CODE: 1088384
The China uninterruptible power supply (UPS) market is predicted to surge with a CAGR of 4.69% during the forecast period, 2022-2028. Increased requirements for power, investments in the IT sector, and rising demand for emergency power systems accelerate the market growth in the country.
Uninterruptible power supplies (UPS) are used in applications where the loss of the power supply can prove disastrous, as in the case of intensive care units or hospital operating theatres, production systems, signaling equipment, computer installations, and alarms. UPS is a critical countermeasure to prevent complete data loss during a disk crash, causing physical damage to the disk drives. Moreover, UPS can be used for individual computers or entire facilities.
In China, the proliferation in demand for sensitive electronic devices such as the devices used in home computers, offices, and factories drive the demand for UPS. Also, the need for UPS systems to maintain inconsistencies in the power supply caused by voltage spikes is expected to further supplement the market growth. In addition, the surge in the consumer electronics market is expected to increase the demand and adoption of uninterruptible power supply systems, further promoting market growth in China during the forecast period.
The key market players operating in China include: Hitachi Ltd, Numeric Power Systems Ltd, Huawei Technologies Co Ltd, etc.