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.
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.
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