Global Transformerless UPS Market is valued to grow at CAGR of 11.02% over forecast period 2020–2026. Key factors driving the market are growing emphasis on more compact and sleek systems, rising awareness regarding importance of energy efficiency, growing need to avoid additional system losses, improved performance, cost effectiveness and reduced space requirements.
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Increasing demand for transformerless UPS in the telecom industry and growing focus towards improving the efficiencies are the major factors driving the growth of the transformerless UPS market. The growing demand for compact solutions is creating an opportunity for companies operating in the market to achieve a strong customer base. Some of the well-established players operating in the market are investing significantly in the development of cutting edge solutions to achieve a strong market position.
- Availability of transformerless UPS such as rectifiers and batteries is expected to drive the market. However, commercial establishments are increasingly adopting electronics devices having compact sizes and sleek designs to reduce the space requirement. This trend is increasing the demand and boosting market growth.
- Features of transformerless UPS such as lightweight and compact size are attracting the attention of consumer electronics manufacturers. This, in turn, is increasing investment in the development of cost effective transformerless UPS. This is another factor propelling the growth of the market.