Residential UPS Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 2.64 billion
CAGR (2023-2028)	4.82%
Fastest Growing Segment	Online Residential UPS System
Largest Market	Asia-Pacific

Market Overview

The Global Residential UPS Market reached a size of USD 2.64 billion in 2022 and is projected to grow to USD 6.95 billion by 2028, with a CAGR of 4.82%. The RESIDENTIAL UPS market is projected to be driven by the growing demand for electricity, rising disposable income, and the need for a reliable power source. Industries and organizations heavily reliant on consistent electricity for efficient operations face significant disruptions and losses due to power outages and fluctuations. Developing nations face challenges in maintaining high-quality power supply. Additionally, the fourth industrial revolution has witnessed substantial growth in recent years, transforming manufacturing processes through the integration of cutting-edge technologies such as IoT, cloud computing, analytics, AI, and machine learning. Given the criticality of these operations, many businesses employ RESIDENTIAL UPS systems to stabilize power and ensure uninterrupted data security and production line efficiency during outages. Consequently, the RESIDENTIAL UPS market is expected to witness growth during the forecast period based on the factor.

Key Market Drivers

Surge in Industrial Automation and IoT Adoption

The proliferation of industrial automation and the adoption of the Internet of Things (IoT) have emerged as significant drivers of the global Residential UPS market. The manufacturing, transportation, logistics, and smart infrastructure industries have wholeheartedly embraced automation and IoT technologies to optimize processes, enhance productivity, and reduce human intervention. Automation heavily relies on sensitive electronic devices and control systems, which are susceptible to power disruptions. Even a momentary power interruption can result in costly production losses and compromised safety. Residential UPS systems act as a reliable buffer, ensuring continuous power supply to automation controllers, sensors, and actuators, thereby minimizing the risk of process disruption and equipment damage. IoT devices, integrated into various applications, collect and transmit real-time data, enabling intelligent decision-making and remote control. To maintain the integrity and availability of IoT data streams, Residential UPS systems serve as a critical safeguard during power failures, keeping communication channels open and preventing data loss.

Growing Concerns about Power Quality and Reliability

Growing concerns regarding power quality and reliability are driving the widespread adoption of Residential UPS systems globally. Utility power supply often encounters voltage fluctuations, sags, surges, or blackouts, posing risks to electronic devices and sensitive equipment. Even minor power disturbances can result in equipment malfunction, data corruption, or system failure. Residential UPS systems effectively tackle power quality issues by delivering clean and stable power to connected equipment. They serve as a protective barrier, shielding sensitive devices from utility power irregularities and ensuring a consistent supply of regulated power. This not only extends the lifespan of equipment but also enhances system performance and efficiency. Businesses and organizations are increasingly cognizant of the expenses associated with power-related disruptions, including equipment repairs, data recovery, and productivity losses. Consequently, they invest in Residential UPS systems to mitigate these risks and maintain uninterrupted operations, particularly in regions with unreliable utility power.

Need for Business Continuity and Disaster Recovery

The demand for business continuity and disaster recovery solutions is a significant driving force behind the global Residential UPS market. Organizations face a range of threats, including natural disasters, equipment failures, cyber-attacks, and utility grid outages. The consequences of such disruptions can be severe, resulting in financial losses and damage to reputation. Residential UPS systems play a crucial role in business continuity plans, ensuring uninterrupted operations during power outages. By providing immediate backup power, Residential UPS systems enable businesses to execute orderly shutdowns or smoothly transition to secondary power sources, mitigating data loss and minimizing downtime. Comprehensive backup power solutions are essential for disaster recovery planning, safeguarding critical infrastructure and ensuring uninterrupted services for customers. Residential UPS systems are an integral part of effective disaster recovery strategies, protecting data centers, communication networks, and vital equipment to facilitate swift recovery and restoration efforts.

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Key Market Challenges

Increasing Power Capacity Requirements

One of the significant challenges facing the global Residential UPS (Uninterruptible Power Supply) market is the increasing power capacity requirements driven by the growing demand for power-hungry electronic devices and infrastructure. As the world becomes more digitally connected, data centers, cloud computing facilities, and critical infrastructure demand higher power capacities to support their operations. Additionally, the rise of industrial automation, electric vehicles, and smart cities further contributes to the surge in End User. The challenge arises from the need to scale Residential UPS systems to effectively meet these rising power demands. Modern data centers, for instance, house thousands of servers and storage devices, necessitating large-scale Residential UPS installations with substantial capacity. Residential UPS manufacturers must develop high-power density solutions that occupy minimal space while offering efficient power backup to cater to the requirements of mega-scale data centers. Moreover, advancements in computing technologies, such as artificial intelligence (AI) and high-performance computing (HPC), drive the need for more robust and power-efficient Residential UPS solutions. These technologies demand uninterrupted power supply to maintain seamless processing and prevent data loss. Meeting these higher power capacity demands while ensuring energy efficiency and cost-effectiveness poses a significant technical and engineering challenge for RESIDENTIAL UPS manufacturers.

Environmental Sustainability and Energy Efficiency

With the world's growing environmental consciousness, the global Residential UPS market encounters the imperative of ensuring environmental sustainability and energy efficiency in RESIDENTIAL UPS systems. RESIDENTIAL UPS installations, especially in data centers and large-scale facilities, consume significant amounts of energy. The environmental impact of such End User, in addition to the associated carbon emissions, raises concerns regarding the UPS market's contribution to climate change. To address this challenge, UPS manufacturers must prioritize the development of energy-efficient UPS solutions that reduce power losses and minimize carbon footprints. Advancements in power electronics and battery technologies play a pivotal role in enhancing Residential UPS efficiency and overall energy consumption. One strategy for improving energy efficiency in Residential UPS systems is the adoption of modular designs. Modular Residential UPS architectures enable users to scale Residential UPS capacity based on real-time power demands, eliminating overprovisioning and reducing energy waste during periods of low load. Additionally, implementing advanced cooling techniques and low-loss transformers further optimizes energy utilization in UPS systems. Another crucial aspect of environmental sustainability in the UPS market lies in the use of eco-friendly materials and recyclable components. Residential UPS manufacturers are increasingly embracing sustainable practices in manufacturing, incorporating environmentally friendly materials in Residential UPS construction, and ensuring proper recycling and disposal of Residential UPS components at the end of their lifecycle. Furthermore, integrating energy-efficient power management features and smart monitoring systems in Residential UPS solutions empowers users to track End User, identify inefficiencies, and implement energy-saving measures. In conclusion, the global Residential UPS market confronts challenges in meeting the escalating power capacity requirements driven by digitalization and rising End User in critical applications. Simultaneously, industry must address concerns regarding environmental sustainability and energy efficiency to align with the global push for greener and more energy-conscious practices. Overcoming these challenges necessitates continuous research and development, collaboration with end-users, and a steadfast commitment to innovation in creating more sustainable Residential UPS solutions.

Key Market Trends

Lithium-ion Battery Technology

Lithium-ion battery technology is poised to be a significant driver of the global residential UPS (Uninterruptible Power Supply) market. These advanced batteries offer several key advantages that align with the evolving needs and expectations of homeowners in an increasingly digital and power-dependent world. First and foremost, lithium-ion batteries excel in terms of longevity and performance. They have a considerably longer lifespan compared to traditional lead-acid batteries, which are commonly used in UPS systems. This longer life cycle translates to reduced maintenance and replacement costs for homeowners, making lithium-ion UPS systems a cost-effective choice over the long term.

Moreover, lithium-ion batteries are known for their high energy density, allowing them to store more power in a compact and lightweight form factor. This is crucial for residential UPS systems, as it enables homeowners to safeguard a broader range of essential devices and appliances without the need for bulky, space-consuming battery units. This space efficiency is particularly valuable in residential settings where available space can be limited. Efficiency is another key benefit of lithium-ion batteries. They are highly efficient at storing and delivering power, resulting in minimal energy loss during charge and discharge cycles. This efficiency not only ensures that critical devices remain powered during outages but also contributes to lower energy costs, as less electricity is wasted in the conversion process.

Furthermore, the adaptability of lithium-ion batteries aligns well with the evolving needs of homeowners. These batteries can be easily integrated with renewable energy sources like solar panels, allowing homeowners to store excess energy for use during power outages and reducing their reliance on the grid. This synergy with clean energy aligns with the global shift towards sustainability and environmentally friendly solutions. In conclusion, the adoption of lithium-ion battery technology in residential UPS systems is set to drive the global market forward. Their superior lifespan, compactness, efficiency, and compatibility with renewable energy sources make them an attractive choice for homeowners seeking reliable and sustainable power backup solutions. As residential power needs continue to grow and diversify, lithium-ion batteries are poised to play a pivotal role in ensuring uninterrupted power supply, making them a central force in the growth of the global residential UPS market.

Segmental Insights

Type Insights

The Online Residential UPS is expected to hold the largest market share during the forecast period, demonstrating its dominance. This can be attributed to various factors. Online Residential UPS systems provide the highest level of power protection by consistently converting AC power to DC and then back to AC, ensuring a reliable and clean power supply. These UPS systems offer seamless protection against power outages, voltage fluctuations, and electrical disturbances. They are extensively utilized in critical applications such as data centers, healthcare, and industrial sectors, where reliable and uninterrupted power supply solutions are crucial. The increasing demand for power backup solutions and the growing reliance on digital infrastructure have further bolstered the online/double conversion segment's prominence in the market.

Capacity Insights

The Above 100 kVA power range segment is expected to dominate the market during the forecast period. This can be attributed to the increasing demand for Residential UPS systems in medium to large-scale applications that necessitate higher power capacities. Key industries such as data centers, manufacturing, telecommunications, and healthcare heavily rely on Residential UPS systems within this power range to ensure uninterrupted power supply for their critical operations. The 51-200 kVA segment strikes a balance between power capacity, efficiency, and cost-effectiveness, making it a preferred choice among customers and solidifying its prominent position in the market.

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Regional Insights

The Asia-Pacific region is a developing area characterized by frequent blackouts and unstable power supply, particularly in countries like Malaysia, Cambodia, Philippines, and others. The region's booming industrial and manufacturing sector, telecom sector, Residential sector, and residential sector are the major end-users of RESIDENTIAL UPS systems. Manufacturing, in particular, plays a significant role in the economies of various countries, with China being the largest manufacturing hub. Japan, India, South Korea, and Indonesia also contribute significantly in the Asia-Pacific region. Moreover, countries like Vietnam, Malaysia, and Singapore are projected to increase their market share in the forecast period. The automation of manufacturing processes, involving computer-based control systems, Programmable Logic Control (PLC) units, and process control applications, has driven the demand for Residential UPS systems in industrial facilities. Residential UPS systems not only provide backup power during outages but also safeguard equipment from power-related glitches such as sags, surges, voltage fluctuations, line noise, and harmonic distortions. As a result, Residential UPS systems have become indispensable in various industries including telecom, engineering, manufacturing, R&D, education, medicine, IT, BPO, aviation, and banking. The manufacturing sector encompasses diverse industries such as automotive, food processing, semiconductors, and steel manufacturing, all of which rely on power quality equipment like Residential UPS systems for uninterrupted operations, as power fluctuations and disruptions can lead to substantial financial losses.

Recent Developments

In February 2022, Mitsubishi Electric Corporation announced the acquisition of Computer Protection Technology, Inc. (CPT), headquartered in California, through its United States subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI). This strategic move aims to expand the Uninterruptible Power Supply (RESIDENTIAL UPS) business in North America. With this acquisition, MEPPI and CPT are poised to strengthen their respective business structures, providing highly reliable and professional one-stop services — from installation to maintenance — for RESIDENTIAL UPS systems in the North American market.
In July 2022, Schneider Electric unveiled the enhanced EcoStruxure Service Plan for 10-40 kVA Three-Phase Uninterrupted Power Supply (RESIDENTIAL UPS) products. The EcoStruxure Service Plan combines traditional on-site services with digital capabilities powered by the IoT-enabled EcoStruxure architecture. It offers customers 24/7 remote and on-site expertise and support. The enhanced service plan covers a range of Three-Phase Uninterruptible Power Supplies (RESIDENTIAL UPS) from 10-40 kVA, suitable for IT or industrial applications. These include Easy-RESIDENTIAL UPS 3S, Galaxy VS, Symmetra PX (up to 48kVA), Smart-RESIDENTIAL UPS VT, and Galaxy 3500.
In 2021, Emerson introduced the Long-Life 240W and 480W DIN Rail Mounted Uninterrupted Power Supplies. These power supplies, paired with the ultra-reliable SolaHD SDU DC-B RESIDENTIAL UPS control module, offer a remarkable service life of 15 years.

Key Market Players

· Riello Elettronica SpA

· EATON Corporation PLC

· Emerson Electric Co.

· Delta Electronics Inc.

· ABB Ltd

· Schneider Electric SE

· Hitachi Ltd

· Mitsubishi Electric Corporation

· General Electric Company

· Cyber Power Systems Inc.

By Capacity	By Technology	By Region
Less than 10 kVA 10-100 kVA Above 100 kVA	Standby RESIDENTIAL UPS System Online RESIDENTIAL UPS System Line-interactive RESIDENTIAL UPS System	North America Europe Latin America Middle East & Africa Asia Pacific

Report Scope:

In this report, the Global Residential UPS Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Residential UPS Market, By Capacity:

o Less than 10 kVA

o 10-100 kVA

o Above 100 kVA

Global Residential UPS Market, By Technology:

o Standby Residential UPS System

o Online Residential UPS System

o Line-interactive Residential UPS System

Global Residential UPS Market, By Region:

o North America

o Europe

o Latin America

o Middle East & Africa

o Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Residential UPS Market.

Available Customizations:

Global Residential UPS Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Residential UPS Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Voice of Customer

5. Global Residential UPS Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Capacity (Less than 10 kVA, 10-100 kVA and Above 100 kVA)

5.2.2. By Technology (Standby RESIDENTIAL UPS System, Online RESIDENTIAL UPS System and Line-interactive RESIDENTIAL UPS System)

5.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

5.3. By Company (2022)

5.4. Market Map

6. North America Residential UPS Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Capacity

6.2.2. By Technology

6.2.3. By Country

6.2.3.1. United States Residential UPS Outlook

6.2.3.1.1. Market Size & Forecast

6.2.3.1.1.1. By Value

6.2.3.1.2. Market Share & Forecast

6.2.3.1.2.1. By Capacity

6.2.3.1.2.2. By Technology

6.2.3.2. Canada Residential UPS Outlook

6.2.3.2.1. Market Size & Forecast

6.2.3.2.1.1. By Value

6.2.3.2.2. Market Share & Forecast

6.2.3.2.2.1. By Capacity

6.2.3.2.2.2. By Technology

6.2.3.3. Mexico Residential UPS Outlook

6.2.3.3.1. Market Size & Forecast

6.2.3.3.1.1. By Value

6.2.3.3.2. Market Share & Forecast

6.2.3.3.2.1. By Capacity

6.2.3.3.2.2. By Technology

7. Europe Residential UPS Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Capacity

7.2.2. By Technology

7.2.3. By Country

7.2.3.1. Germany Residential UPS Outlook

7.2.3.1.1. Market Size & Forecast

7.2.3.1.1.1. By Value

7.2.3.1.2. Market Share & Forecast

7.2.3.1.2.1. By Capacity

7.2.3.1.2.2. By Technology

7.2.3.2. France Residential UPS Outlook

7.2.3.2.1. Market Size & Forecast

7.2.3.2.1.1. By Value

7.2.3.2.2. Market Share & Forecast

7.2.3.2.2.1. By Capacity

7.2.3.2.2.2. By Technology

7.2.3.3. United Kingdom Residential UPS Outlook

7.2.3.3.1. Market Size & Forecast

7.2.3.3.1.1. By Value

7.2.3.3.2. Market Share & Forecast

7.2.3.3.2.1. By Capacity

7.2.3.3.2.2. By Technology

7.2.3.4. Italy Residential UPS Outlook

7.2.3.4.1. Market Size & Forecast

7.2.3.4.1.1. By Value

7.2.3.4.2. Market Share & Forecast

7.2.3.4.2.1. By Capacity

7.2.3.4.2.2. By Technology

7.2.3.5. Spain Residential UPS Outlook

7.2.3.5.1. Market Size & Forecast

7.2.3.5.1.1. By Value

7.2.3.5.2. Market Share & Forecast

7.2.3.5.2.1. By Capacity

7.2.3.5.2.2. By Technology

8. South America Residential UPS Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Capacity

8.2.2. By Technology

8.2.3. By Country

8.2.3.1. Brazil Residential UPS Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Capacity

8.2.3.1.2.2. By Technology

8.2.3.2. Colombia Residential UPS Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Capacity

8.2.3.2.2.2. By Technology

8.2.3.3. Argentina Residential UPS Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Capacity

8.2.3.3.2.2. By Technology

9. Middle East & Africa Residential UPS Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Capacity

9.2.2. By Technology

9.2.3. By Country

9.2.3.1. Saudi Arabia Residential UPS Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Capacity

9.2.3.1.2.2. By Technology

9.2.3.2. UAE Residential UPS Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Capacity

9.2.3.2.2.2. By Technology

9.2.3.3. South Africa Residential UPS Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Capacity

9.2.3.3.2.2. By Technology

10. Asia Pacific Residential UPS Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Capacity

10.2.2. By Technology

10.2.3. By Country

10.2.3.1. China Residential UPS Outlook

10.2.3.1.1. Market Size & Forecast

10.2.3.1.1.1. By Value

10.2.3.1.2. Market Share & Forecast

10.2.3.1.2.1. By Capacity

10.2.3.1.2.2. By Technology

10.2.3.2. India Residential UPS Outlook

10.2.3.2.1. Market Size & Forecast

10.2.3.2.1.1. By Value

10.2.3.2.2. Market Share & Forecast

10.2.3.2.2.1. By Capacity

10.2.3.2.2.2. By Technology

10.2.3.3. Japan Residential UPS Outlook

10.2.3.3.1. Market Size & Forecast

10.2.3.3.1.1. By Value

10.2.3.3.2. Market Share & Forecast

10.2.3.3.2.1. By Capacity

10.2.3.3.2.2. By Technology

10.2.3.4. South Korea Residential UPS Outlook

10.2.3.4.1. Market Size & Forecast

10.2.3.4.1.1. By Value

10.2.3.4.2. Market Share & Forecast

10.2.3.4.2.1. By Capacity

10.2.3.4.2.2. By Technology

10.2.3.5. Australia Residential UPS Outlook

10.2.3.5.1. Market Size & Forecast

10.2.3.5.1.1. By Value

10.2.3.5.2. Market Share & Forecast

10.2.3.5.2.1. By Capacity

10.2.3.5.2.2. By Technology

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends and Developments

13. Company Profiles

13.1. Riello Elettronica SpA

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services Offered

13.2. EATON Corporation PLC

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services Offered

13.3. Emerson Electric Co.

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services Offered

13.4. Delta Electronics Inc.

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services Offered

13.5. ABB Ltd.

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services Offered

13.6. Schneider Electric SE

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services Offered

13.7. Hitachi Ltd

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services Offered

13.8. Mitsubishi Electric Corporation

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services Offered

13.9. General Electric Company

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services Offered

13.10.Cyber Power Systems Inc.

13.10.1. Business Overview

13.10.2. Key Revenue and Financials

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Residential UPS Market in 2022?

The market size of the Global Residential UPS Market was estimated to be USD 2.64 billion in 2022.

Which was the dominant segment in the Global Residential UPS Market in 2022?

The Above 100 kVA power range segment is expected to dominate the market during the forecast period. This can be attributed to the increasing demand for RESIDENTIAL UPS systems in medium to large-scale applications that necessitate higher power capacities. Key industries such as data centers, manufacturing, telecommunications, and healthcare heavily rely on RESIDENTIAL UPS systems.

What are the challenges in the Global Residential UPS Market?

Increasing Power Capacity Requirements and environmental sustainability and energy efficiency are some of the challenges in the Global Residential UPS Market.

What are the major drivers for the Global Residential UPS Market?

Increasing Power Capacity Requirements and growing concerns about power quality and reliability are some of the major drivers for the Global Residential UPS Market.

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Parvati Sharma

Account Manager BD

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Press Release

Global Residential UPS Market is expected to grow at a 4.82% CAGR

Oct, 2023

Global Residential UPS Market is expected to grow owing to a rise in demand for reliable power solutions and Lithium-ion Battery Technology throughout the forecast period.

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