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ojaswini cmi3 @go_66a1ea66c061d
The Reliable Backup Power Market is thriving on Increasing Reliance on Constant Electricity

The backup power market comprises products such as generators, UPS systems, and batteries that provide emergency power supply during power outage situations. Backup power ensures uninterrupted operations of critical infrastructure and prevents revenue losses for businesses. The market experienced higher demand during the pandemic due to growing dependence on healthcare facilities and internet connectivity. The Global Backup Power Market is estimated to be valued at US$ 20.52 Billion in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024 to 2031.

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10 days ago

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