Overview and Scope
Datacenter UPS refers to a one-piece equipment system for battery backup to ensure a continuous supply of power for the safety of data and sensitive information in the event of utility power failure or voltage fluctuation, used in conjunction with a facility generator.
Sizing and Forecast
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.
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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
North America was the largest region in the data center UPS market in 2023. Asia-Pacific is expected to be the fastest-growing region in the data center UPS market report during the forecast period. The regions covered in the data center ups market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the data center UPS market are focusing on launching products to provide reliable services to customers. For instance, in July 2023, Fuji Electric Co., Ltd., a Japan-based electrical equipment company, launched 7500WX series high-capacity uninterruptible power supply systems. The 7500WX series high-capacity uninterruptible power supply systems are a UPS system designed for hyperscale data centers, which require high-capacity power supply systems of 20,000 kVA (Kilo-volt-amperes) or more. 7500WX Series high-capacity uninterruptible power supply system’s save electricity costs and to reduce CO2 emissions. These systems are used for data centers and semiconductor factories. It increased capacity, efficiency, and advanced power solutions to support their operations.
The data center ups market report table of contents includes:
1. Executive Summary
2. Data Center UPS Characteristics
3. Data Center UPS Trends And Strategies
4. Data Center UPS – Macro Economic Scenario
5. Global Data Center UPS Size and Growth
…..
32. Global Data Center UPS Competitive Benchmarking
33. Global Data Center UPS Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Center UPS
35. Data Center UPS Future Outlook and Potential Analysis
36. Appendix
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