PUBLISHER: The Business Research Company | PRODUCT CODE: 1531924
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531924
An uninterruptible power supply (UPS) for data centers is a crucial backup power system designed to provide continuous electrical power to servers and networking equipment during main power failures or disturbances. It includes 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 enhance overall reliability.
The main components of a data center uninterruptible power supply (UPS) are solutions and services. A data center UPS solution refers to the actual equipment and technology used to provide backup power to data centers. The battery technologies used include lithium-ion, flywheel, and VRLA (valve-regulated lead-acid), and the capacity ranges from less than or equal to 500 kVA, 500 kVA-1000 kVA, to more than 1000 kVA. Data centers are categorized by size into small, medium, and large data centers. UPS systems are utilized by various end-use verticals, including banking and financial services, manufacturing, information technology, energy, healthcare, government, entertainment and media, and others.
The data center uninterruptable power supply (UPS) market research report is one of a series of new reports from The Business Research Company that provides data center uninterruptable power supply (UPS) market statistics, including data center uninterruptable power supply (UPS) industry global market size, regional shares, competitors with a data center uninterruptable power supply (UPS) market share, detailed data center uninterruptable power supply (UPS) market segments, market trends and opportunities, and any further data you may need to thrive in the data center uninterruptable power supply (UPS) industry. This data center uninterruptable power supply (UPS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The data center uninterruptable power supply (UPS) market size has grown strongly in recent years. It will grow from $6.24 billion in 2023 to $6.79 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to several factors, including increased data center density and scale, the rise of edge computing, sustainability and green initiatives, improved efficiency and capacity, and heightened demand for uptime.
The data center uninterruptable power supply (UPS) market size is expected to see strong growth in the next few years. It will grow to $9.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth can be attributed to increasing data traffic, a rising remote workforce, escalating energy costs, virtualization and consolidation efforts, and smart city initiatives. Major trends expected during the forecast period include integrated monitoring and management, grid interaction and energy storage, leveraging IoT (Internet of Things) technology, and ensuring high availability and fault tolerance.
The growth of cloud computing is expected to drive the expansion of the data center uninterruptible power supply (UPS) market in the future. Cloud computing enables users to access computing resources and services over the internet, facilitating remote data storage, management, and processing instead of using local servers or personal computers. This technology is gaining popularity due to its scalability, cost-efficiency, and support for remote work and digital transformation. In cloud computing environments, data center uninterruptible power supplies (UPS) play a crucial role in ensuring continuous operation and protecting against power disruptions, thereby safeguarding data integrity and minimizing downtime for hosted services. For example, as reported by Eurostat in December 2023, approximately 45.2% of EU enterprises utilized cloud computing services, with significant increases noted in email hosting, file storage, and various operational tasks since 2021. This trend underscores the pivotal role of cloud computing in driving the growth of the data center uninterruptible power supply (UPS) market.
Leading companies in the data center uninterruptible power supply (UPS) market are concentrating on developing advanced products, including compact UPS solutions tailored to provide stable power for mission-critical applications and small data centers. A compact UPS is a small, portable device that offers backup power to electronic devices during power outages or fluctuations, ensuring uninterrupted operation and protecting against data loss or damage. For instance, in December 2023, Eaton Corporation plc, an Ireland-based battery power management company, introduced the Eaton 93T UPS, a compact solution designed to ensure a stable power supply for critical applications such as server rooms and small data centers. This UPS system is engineered to maximize uptime while minimizing overall ownership costs, supporting uninterrupted business operations. The Eaton 93T UPS ranges from 15 kVA to 80 kVA in power capacity and is designed for seamless integration with Eaton Brightlayer digital solutions, enhancing performance management capabilities through advanced operational and management features that leverage data insights for efficient monitoring, management, and optimization of performance.
In June 2021, Critical Power Solutions Inc., a US-based electrical equipment supplier, acquired EDI Power Services Inc. for an undisclosed amount. This acquisition is expected to strengthen Critical Power Solutions' service portfolio with advanced power management expertise, expand its market reach, and enhance its ability to provide comprehensive, reliable power solutions to clients. EDI Power Services Inc. is a US-based provider of uninterruptible power supplies for data centers.
Major companies operating in the data center uninterruptable power supply (UPS) market are Huawei Digital Power Technologies Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Hewlett Packard Enterprise, Toshiba Corporation., Eaton Corporation, Emerson Electric Co., Delta Electronics Inc., KOHLER Uninterruptible Power Limited, Legrand S.A., Fuji Electric Co. Ltd., Vertiv Group Corp., LITE-ON Technology Corporation., SolarEdge Technologies Inc., Rittal Private Limited, Panduit Corporation, Piller UK Limited, Socomec Group, Kehua Hengsheng Co Ltd, Cyber Power Systems Inc., Hitachi Hi-Rel Power Electronics Private Limited, Borri S.p.A., Kstar New Energy Co Ltd, N1 Critical Technologies Inc.
North America was the largest region in the data center uninterruptable power supply (UPS) market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center uninterruptable power supply (UPS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the data center uninterruptable power supply (UPS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The data center uninterruptable power supply (UPS) market consists of revenues earned by entities by providing services such as temperature and humidity monitoring, leak detection systems, and power usage assessment. The market value includes the value of related goods sold by the service provider or included within the service offering. The data center uninterruptable power supply (UPS) market also includes sales of lead-acid batteries, battery monitoring systems (BMS), and standby or offline uninterruptable power supplies (UPS). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Data Center Uninterruptable Power Supply (UPS) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on data center uninterruptable power supply (UPS) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for data center uninterruptable power supply (UPS) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The data center uninterruptable power supply (UPS) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.