Modular UPS Market: Projected Growth and Key Drivers (2024-2032)
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The Modular Uninterruptible Power Supply (UPS) market, valued at USD 3.8 billion in 2023, is experiencing significant growth. With industries increasingly reliant on uninterrupted power supply for critical operations, the demand for Modular UPS systems is anticipated to rise substantially. According to market projections, the Modular UPS market is expected to grow from USD 4.2 billion in 2024 to USD 8.61 billion by 2032, registering a robust compound annual growth rate (CAGR) of 9.15% during the forecast period from 2024 to 2032.