Anticipated to secure US$ 5,407.8 million in 2023, the global data centre UPS market is poised for substantial growth. Over the forecast period from 2023 to 2033, the market is projected to demonstrate a Compound Annual Growth Rate (CAGR) of 6.9%, culminating in a market value of US$ 10,571.6 million. This growth trajectory is underpinned by the burgeoning expansion of the consumer electronics sector.
The notable surge in the application of cloud computing services by Small and Medium Enterprises (SMEs) and the remarkable proliferation of data centres across the globe are expected to be the primary drivers fueling the growth of the data centre uninterrupted power supply (UPS) market throughout the forecast period. Data Centre UPS systems play a vital role in delivering uninterrupted power supply to data centres, safeguarding machinery against power disruptions.
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Growth Drivers for Data Centre Uninterrupted Power Supply (UPS) Market:
- Cloud Computing and Virtualization: The increasing adoption of cloud computing and virtualization technologies is a significant driver for the data centre uninterrupted power supply (UPS) market. These trends reflect a growing preference for efficient and flexible data management solutions.
- Demand for Data Availability: The surging demand for seamless data accessibility further contributes to the expansion of the data centre UPS market. As businesses rely more on data-driven operations, ensuring constant availability becomes crucial.
- Digital Services Application: The rising application of digital services, particularly in the context of increasing digitization in emerging economies, acts as a catalyst for the growth of the data centre UPS market. This shift towards digitalization requires robust power backup solutions to ensure uninterrupted service delivery.
- Data Security Concerns: Concerns related to data loss during power outages drive the demand for data centre uninterrupted power supply (UPS). As data becomes more valuable and critical for businesses, safeguarding against disruptions gains prominence.
- Cloud Computing Growth: Cloud computing services exhibit remarkable growth, with spending rates surpassing traditional IT spending by approximately 4.5 times. The cloud’s high availability (about 99%) and ease of access contribute significantly to this expansion. Continuous online functionality is essential for cloud services, driving the need for reliable UPS systems.
The rising convergence of these factors underlines the strong growth prospects for the data centre uninterrupted power supply (UPS) market. As technology advances and businesses increasingly rely on data-driven operations, the demand for reliable and continuous power solutions is expected to remain robust.
Competitive Landscape in the Data Centre UPS Market:
Leading the global data centre UPS market are industry stalwarts such as Schneider Electric SA, Eaton Corp., Toshiba Corp., Emerson Network Power Inc., Clary Corp., Intellipower Inc., General Electric Electrical Systems, Belkin International Inc., and Power Innovations International Inc.
Recent Industry Highlights:
In a significant move in November 2021, Schneider Electric unveiled a game-changing innovation designed to address the challenges posed by hybrid IT infrastructure. The introduction of the 5kW APC™ Smart-UPS™ Ultra expands the range of APC Smart-UPS Ultra products. This latest addition to the single-phase Uninterruptible Power Supply (UPS) lineup features EcoStruxure™ for remote monitoring, management, and services. Notably, it is equipped with advanced Lithium-ion batteries, distinguishing it as the lightest single-phase 5kW UPS available in the market.
By emphasizing innovative solutions and cutting-edge technologies, these key players are driving the evolution of the data centre UPS market, enhancing reliability and efficiency for businesses globally.
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Key Segments Profiled:
By Product:
- Small
- Medium
- Large
By Application:
- Cloud Storage
- Enterprise Resource Planning (ERP) System
- Data Warehouse
- File Servers
- Application Servers
- Customer Relationship Management (CRM) Systems
By Technology:
- Line Interactive
- Standby
- Double Conversion
By Region:
- North American
- Latin American
- European
- Asia Pacific
- Middle East and African
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