Market Overview:
The Global Data Center UPS Market size is expected to grow from USD 4.03 billion in 2022 to USD 5.69 billion by 2030, at a CAGR of 4.6% during the forecast period (2023-2030).
All sizes of data centers use backup power sources known as data center UPSs (uninterruptible power supplies). Several systems are used when there is a power outage or a lack of power. The market for data center uninterrupted power supplies (UPS) is growing quickly as a result of the demand for simple data access, the growing popularity of cloud computing, virtualization, and other factors. Because of rising digitalization, the pervasiveness of the digital age, or both, especially in developing countries, the value of the data center uninterrupted power supply (UPS) market will continue to rise.
Top Key Players in Data Center UPS Market:
ABB Ltd., AEG Power Solutions, Belkin International Inc., Clary Corporation, Delta Electronics Inc., Eaton Corporation, Brainasoft, General Electric Company, Huawei Technologies Co., Ltd., Intellipower Inc., Legrand, Panduit Corporation, Mitsubishi Electric Corporation, Power Innovations International Inc., Shenzhen Kstar Science & Technology Co., Ltd, Schneider Electric SE, Socomec, Toshiba Corporation, Vertiv Co., and Xiamen Kehua Hengsheng Co., Ltd. and other major key players.
Market Dynamics and Factors for Data Center UPS Market:
Drivers:
Growing Inclination towards Cloud Computing to Benefit the Centre UPS Market
During the forecast period, the market for uninterrupted power supply (UPS) for data centers is anticipated to be driven by rising interest in cloud computing, virtualization, and the demand for easy data availability.
The market for data center uninterrupted power supplies (UPS) will continue to grow due to the rising use of digital services, the pervasiveness of the digital age, and the general increase in digitization. The demand for a data center uninterrupted power supply (UPS) will also increase due to worries about the loss of data in the event of a power outage.
Opportunities:
New Opportunities with Renewable Power Generation
Renewable power generation, such as solar and wind energy, can significantly reduce the carbon footprint of data centers. Data centers are notorious energy consumers, and integrating renewable sources can help them operate more sustainably and reduce their reliance on fossil fuels. This aligns with the global trend toward environmental responsibility and can attract environmentally-conscious customers.
Renewable power sources can offer cost savings to data centers by reducing their dependence on grid electricity, which often comes with high costs. Solar and wind energy, for instance, have the potential to provide consistent and free power over time, leading to long-term financial benefits for data centers.
Segmentation Analysis of the Data Center UPS Market:
- By Type, the Standby segment had the largest market share. The increasing demand for standby UPS systems among SMEs is expected to offer significant opportunities to the data center UPS market during the upcoming years.
- By End User, BFSI is likely to dominate in this area. The BFSI sector relies heavily on data-intensive operations, including real-time transactions, customer information management, and risk assessment. Data centers with robust UPS systems are crucial to ensure uninterrupted operations and data integrity.
Regional Analysis of the Data Center UPS Market:
North America excepted to dominate the market. The domination of the region can be attributed to the presence of established firms in the region. The US market has a robust presence of various cloud service providers such as Facebook Inc., Delta Electronics Inc., and Google LLC., which are focusing on new strategies to power their data centers. These factors are boosting the industry value of data centre UPS which offers the optimum Power Usage Efficiency (PUE) ratio. Moreover, the increasing penetration of cloud solutions is expected to benefit the market during the forecast period.
Key Industry Development:
- In March 2020, Vertiv introduced its modular data centre infrastructure services, including prefabricated modular data centres, in India. The integrated solutions provide a quick and easy approach to install capacity while being adaptable platforms that are designed for the deployment of IT assets. Vertiv's solutions portfolio, which consists of Vertiv Liebert EXM uninterruptible power supply (UPS) power protection, Vertiv Liebert CRV thermal management units, Vertiv VR racks, and Vertiv's rack power distribution units, is flexible and expandable (rPDUs).
