Global Data Center Uninterruptible Power Supply (UPS) Market Report 2024 – Market Size, Trends and Global Forecast 2024-2033
Business Research Company Global Data Center Uninterruptible Power Supply (UPS) Market Report 2024 – Market Size, Trends and Global Forecast 2024-2033
— The economic research company
LONDON, GREATER LONDON, UK, August 16, 2024 /EINPresswire.com/ — The data center uninterruptible power supply (UPS) market has witnessed strong growth in the last few years, growing from $6.24 billion in 2023 to $6.79 billion by 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth over the historical period is attributed to increased density and size of data centers, rise in edge computing, sustainability and green initiatives, improved efficiency and capacity, and increased demand for uptime.
Strong future growth expected
The data center uninterruptible power supply (UPS) market is expected to continue to grow at a strong pace and reach $9.57 billion in 2028, growing at a compound annual growth rate (CAGR) of 9.0%. The growth during the forecast period is attributed to increasing data traffic, rising number of remote workers, rising energy costs, virtualization and consolidation, and smart city initiatives.
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Growth drivers of the data center uninterruptible power supply (UPS) market
The rise of cloud computing is expected to drive the growth of the data center uninterruptible power supplies (UPS) market in the future. Cloud computing is a technology that enables access to computing resources and services over the internet and allows users to store, manage, and process data remotely instead of using it on local servers or PCs. Cloud computing is on the rise due to its scalability, cost-effectiveness, and ability to support remote work and digital transformation. Data center uninterruptible power supplies (UPS) are essential in cloud computing to ensure continuous operations and protect against power outages, maintain data integrity, and minimize downtime for hosted services.
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Key players and market trends
Major players in the data center uninterruptible power supply (UPS) market include Huawei Digital Power Technologies Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd. and Hewlett Packard Enterprise.
Major companies operating in the data center uninterruptible power supply (UPS) market are focusing on developing advanced products, such as a new compact UPS, to ensure stable power supply for mission-critical applications and small data centers. A compact UPS (uninterruptible power supply) is a small, portable device that provides backup power to electronic devices in the event of a power outage or fluctuation, ensuring uninterrupted operation and protecting against data loss or corruption.
Segments:
1) By component type: solution, services
2) By battery technology: lithium-ion, flywheel, VRLA (valve-regulated lead-acid)
3) By capacity: Less than or equal to 500 kVA, 500 kVA-1000 kVA, More than 1000 kVA
4) By data center size: small data centers, medium data centers, large data centers
5) By end-use industry: banking and financial services, manufacturing, information technology, energy, healthcare, government, entertainment and media, other end-use industries
Geographical insights: North America is the market leader
North America was the largest region in the data center uninterruptible power supply (UPS) market in 2023. Asia Pacific is expected to be the fastest growing region during the forecast period. The regions covered in the data center uninterruptible power supply (UPS) market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Market definition for uninterruptible power supplies (UPS) for data centers
A data center uninterruptible power supply (UPS) is an important backup power system that provides continuous power to servers and network equipment in the event of a power outage or malfunction. It consists of a battery backup that instantly switches to backup power when needed, preventing downtime and data loss during outages. UPS systems also condition incoming power to ensure consistent voltage levels, protect equipment from fluctuations, and improve reliability.
The Business Research Company’s global Data Center Uninterruptible Power Supply (UPS) market report 2024 includes the following information:
• Market size data for the forecast period: Historical and future
• Market analysis by regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and much more.
Global Data Center Uninterruptible Power Supply (UPS) Market Report 2024 by The Business Research Company is the most comprehensive report which offers insights into the Data Center Uninterruptible Power Supply (UPS) market size, Data Center Uninterruptible Power Supply (UPS) market drivers and trends, key players in the Data Center Uninterruptible Power Supply (UPS) market, Data Center Uninterruptible Power Supply (UPS) market competitors revenue, Data Center Uninterruptible Power Supply (UPS) market positioning and Data Center Uninterruptible Power Supply (UPS) market growth in different regions. The Data Center Uninterruptible Power Supply (UPS) market report helps you gain detailed insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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