North America Uninterruptible Power Supply (Ups) Market 2023-2030

North America Uninterruptible Power Supply (Ups) Market 2023-2030

MARKET OUTLOOK

Triton Market Research’s report suggests North America’s uninterruptible power supply market is estimated to garner a CAGR of 3.15% over the years from 2023 to 2030. Canada and the United States are examined in the given region.

The growing construction of hyperscale data centers in North America drives the demand for uninterruptible power supply (UPS) solutions. These UPS systems are critical in minimizing downtime caused by equipment failures resulting from power surges. Hyperscale data centers require robust energy management solutions to optimize power usage efficiency (PUE) ratios. Given their significant power requirements for handling data-intensive processes at peak levels, the demand for UPS systems is rising across the United States and Canada.

The residential sector in Canada has experienced noteworthy growth, leading to an increased demand for uninterruptible power supply (UPS) systems. These systems protect electrical and electronic components and equipment from power outages and failures. Industry data reveals that the total number of homes in Canada will rise from 13.37 million in 2015 to approximately $14.6 million by 2023.

COMPETITIVE OUTLOOK

The key companies in the uninterruptible power supply (UPS) market include Schneider Electric SE, Delta Electronics Inc, Legrand, General Electric Company, Hitachi Ltd, Numeric Power Systems Ltd, and Luminous Power Technologies.