The Data Center UPS by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Center UPS, The data center ups market size has grown strongly in recent years. It will grow from $5.1 billion in 2023 to $5.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rising awareness of downtime costs, growing data center construction, growth of edge computing, increasing sensitivity to power quality, global expansion of it infrastructure.
The data center ups market size is expected to see strong growth in the next few years. It will grow to $7.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to continued growth in data center demand, growing need for business continuity, global connectivity requirements, increasing cybersecurity concerns, focus on energy efficiency. Major trends in the forecast period include growing demand for edge computing, rising awareness of energy efficiency, adoption of lithium-ion batteries, integration of ai and predictive analytics, modular ups solutions.
Increasing digital transformation is expected to propel the growth of the data center UPS market going forward. Digital transformation refers to the transformation of traditional processes to an online-based or digital environment making use of online services. Digital transformation makes use of more internet or data that requires uninterrupted power supplies and data centers to handle massive data operations, as a result, this will increase the demand for the data center UPS for its ability to manage the power needs. For instance, in November 2022, according to Zippia, a US-based career expert, globally, 56% of companies were prioritizing digital transformation in 2021, and is expected that spending on this digital transformation will reach $6.8 trillion by 2023. Therefore, increasing digital transformation drives the data center UPS market.
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The data center ups market covered in this report is segmented –
1) By Component: Solution, Services
2) By Type: Line interactive, Standby, Double conversion on line, Other Types
3) By Capacity: 500kVA, 500kVA-1000kVA, More Than 1000kVA
4) By Size: Small, Medium, Large
5) By End-User: Banking, Financial Services and Insurance(BFSI), Manufacturing, Information Technology, Energy, Healthcare, Government, Entertainment and Media, Other End-User Verticals
Top Major Players:
- ABB Ltd.
- AEG Power Solutions GmbH
- Belkin International Inc.
- Clary Corporation
- Delta Electronics Inc.
North America was the largest region in the data center UPS market in 2023.
Product innovations are a key trend in gaining popularity in the data center UPS market. Major companies operating in the data center UPS market are focusing on innovative products to sustain their position in the market. For instance, in November 2022, Huawei, A China-based company operating in data center UPS introduced innovative solutions, FusionModule2000 6.0, a modular small/medium-sized data center solution, and UPS2000-H, a small-footprint power supply solution to its smart modular data center and smart uninterruptible power supply (UPS) series. These are designed to build and upgrade data efficiency at the edge and will provide a cost-effective data center solution that drives green digitization for businesses.
The data center ups market report table of contents includes:
1. Executive Summary
2. Data Center UPS Market Characteristics
3. Global Data Center UPS Market Trends And Strategies
4. Data Center UPS Market – Macro Economic Scenario
5. Global Data Center UPS Market Size and Growth
…….
26. Global Data Center UPS Market Competitive Benchmarking
27. Global Data Center UPS Market Competitive Dashboard
28. Key Mergers and Acquisitions In Data Center UPS Market
29. Data Center UPS Market Future Outlook and Potential Analysis
30. Appendix
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