China Uninterruptible Power Supply Market to Grow at a CAGR of 3.01% During the Forecast Period 2020-2025
Posted on Jun 29 2020 5:17 AM "Implementation of Advanced Technologies Such as Internet of Things (IOT) and Automation in Industries Has Been Pushing the Uninterruptible Power Supply Market in China." China Uninterruptible Power Supply (UPS) Market size was valued at $926.42 million in 2019, and it is estimated to grow at a CAGR of 3.01% during 2020-2025. Rising demand for line-interactive UPS has been pushing the market owing to its increasing applications such as consumer electronics, gaming systems, home theatres, network equipment, and others. This technology also allows to correct minor power fluctuations without switching to battery. Adoption of rotary UPS in small sized industries owing to its improved efficiency, reduced size and weight further boost the demand for China uninterruptible power supply market. Topology Type - Segment Analysis Online segment held the major share 39.56% in 2019 of China UPS market. Online or double conversion UPS systems provide co...