Global Backup Power Market Is Estimated To Witness High Growth Owing To Increasing Demand for Uninterrupted Power Supply and Growing Adoption of Renewable Energy Sources
The global Backup Power Market is estimated to be valued at US$ 2.66 billion in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.A) Market OverviewThe backup power market refers to the use of standby power systems or generators to provide electricity in the event of power outages or...
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