UPS Market Research Report Size, Growth & Global Forecast – 2022-2029

The UPS Market was estimated around USD 9.7 billion in 2021and is expected to reach USD 16.9 billion in 2029, growing at a CAGR of 7.1% over the forecast period (2022-2029). The factors driving the growth of UPS Market includes rising number of data centers around the world, emerging trend of remote working or Work from Home (WFH), expansion of the manufacturing sector and increasing demand for Uninterruptible Power Supply (UPS) systems in the residential and commercial sectors.