PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1456970
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1456970
The global data centre UPS market is projected to grow at a CAGR of 9.57%, reaching a market size of US$6.015 billion in 2029 from US$3.172 billion in 2022.
Any power failure can cause a devastating impact on mission-critical computers, data, and communications, leading to an increase in downtime costs. As such, energy-efficient UPS systems are critical for data centres to provide a clean and secure power supply. The increasing volume of big data due to the rapid adoption of digitization across various industries has boosted the demand for data centres worldwide. However, this rise in the number of data centres is also pushing global electricity consumption, leading to power outages across the globe. As a result, to protect the large volume of data, the demand for global data centre UPS is increasing with a continuous rise in the number of data centres worldwide.
Moreover, the advent of 5G technology and a rising number of connected devices will require more data to be processed than ever before. As such, the demand for sustainable, energy-efficient global data centre UPS will continue to propel throughout the forecast period. Increasing usage of social media and mobile computing services has further increased the demand for advanced IT infrastructure. Rising penetration of the internet with the increasing usage of internet services across various industries is boosting the demand for the construction of more data centres to manage, save and control the large volume of data effectively, which, in turn, is augmenting the demand for global data centre UPS.
The growing trend of cloud computing and virtualization has further led to a subsequent increase in the number of data centres. As such, data centre providers are focusing on redesigning their global data centre UPS solutions as energy-efficient while speeding up IT processes to meet the demand for faster data delivery by the customer, thereby driving the market growth of global data centre UPS.
Furthermore, market players are continuously diversifying their product portfolios to provide products as per the changing needs of their customers while further expanding their customer base. Recently, in March 2020, ABB launched its new MegaFlex range, the most resilient and compact UPS system with a reduced footprint of up to 45%. Also, in February 2020, Huawei announced the global launch of its new uninterruptible power supply (UPS) called the "Huawei FusionPower2.0". The product is designed in such a way that it enables a single module to reach a power density of 100 kW/3 U, which is two times more than the existing industry standards while facilitating improved utilization of the data centre.
The global global data centre UPS market is segmented by technology, type, data centre size, industry vertical, and geography. By technology, the market is segmented as line-interactive, standby, and double conversion. By type, the global global data centre UPS market is segmented as UPSmount UPS, zone-level UPS, and centralized UPS. By data centre size, the market is segmented into small data centres, medium data centres, and large data centres. The global global data centre UPS market is further segmented by industry verticals like BFSI, manufacturing, telecom and IT, healthcare, government, energy and power, and others.
North America is projected to grow at a high rate during the forecast period
The need for new data centre infrastructures in the North American region is being driven, in part, by the explosive growth of mobile broadband, the rise in big data analytics, and cloud computing. There are also a good number of data centres in the area. There will likely be a market for data centre installations as more businesses transition from hardware to software-based services. With the most data centres per capita in the world, the US is also seeing rapid growth in big data volume and traffic as a result of the rise in hyperscale data centre construction.
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