Data Center UPS Market to reach USD 5 billion by 2028; Global Market Insights Inc.
Eminent data center UPS market players include 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 among others.
SELBYVILLE, Del., June 8, 2022 /PRNewswire/ -- The data center UPS market is set to value over USD 5 billion by 2028, according to the latest research study by Global Market Insights Inc. The industry growth can be attributed to the rise in the number of global data center establishments.
The increasing number of SMEs has resulted in the growing adoption of medium-sized data centers that cater to their data processing requirements. The development of SMEs will boost the demand for these centers, along with the increasing usage of modular & micro data center facilities. Manufacturers are developing advanced solutions to sustain the market competition.
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The rise in digitization in the BFSI sector will drive the market expansion for data center UPS systems. The companies are incorporating digital services to improve the customer experience by offering online banking and digital wallet solutions. The platform provides account-to-account payment capabilities to increase the security and improve the speed of transactions for merchants across Europe. The rise in the acceptance of digital technologies will foster the urge for advanced UPS systems for power backup in data center UPS market landscape
The Europe UPS market will expand due to the implementation of digital technologies in the manufacturing sector to automate various tasks. Automotive manufacturers, such as Mercedes-Benz and BMW AG, are focusing on expanding their manufacturing capabilities. This factor will bolster the global market demand that ensure the supply of uninterrupted power to these production facilities. Data center UPS systems enable the manufacturers to protect equipment from damage during outages. With the rise in the technological advancements, such as IoT and AI, across the manufacturing sector will garner the demand for UPS solutions.
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Some of the major findings of the data center UPS market report are:
- There is a growth in the stipulation for UPS solutions that allow data center operators to manage the power and distribute to a large number of IT devices. The increasing modularity and standardization of these facilities will support the installation of innovative designs, and the market will witness improvements in power ratings, decentralized parallel architectures, and energy-efficient solutions.
- The rising power fluctuations and outages in data centers will influence the efficient UPS sector to continuously supply emergency power to equipment. Data centers are highly adopting lithium-ion batteries for UPS to provide backup power during outages.
- The data center UPS providers must comply with the stringent regulations regarding power consumption and energy efficiency. Government organizations are focusing on energy-efficient techniques to ensure eco-friendly operations.
- New product launches, collaborations, and procurements form key strategies amongst market players. Prominent participants in the data center UPS market are emphasizing on strategic mergers & acquisitions and partnerships with others to improve their offerings, leverage their technologies, and gain a competitive market position.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Data center UPS industry 360º synopsis, 2018 2028
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Data center trends
2.1.4 Component trends
2.1.5 Application trends
Chapter 3 Data Center UPS Industry Insights
3.2 Impact of the coronavirus (COVID-19) pandemic
3.3 Impact of Russia-Ukraine War
3.4 Industry ecosystem analysis
3.5 Technology & innovation landscape
3.6 Regulatory landscape
3.7 Industry impact forces
3.7.1 Growth drivers
184.108.40.206 Increasing usage of online services in North America
220.127.116.11 Rapid infrastructure development of various application segments in Europe
18.104.22.168 Widespread adoption of cloud computing and IoT in Asia Pacific
22.214.171.124 Increasing number of new data centers in South America
126.96.36.199 Increasing urbanization in MEA Proliferation of smart consumer electronics devices in Asia Pacific
3.7.2 Industry pitfalls & challenges
188.8.131.52 Slowdown in the semiconductor industry
184.108.40.206 Rising cost for raw materials and skilled labor
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis
Browse complete Table of Content (TOC) at https://www.gminsights.com/toc/detail/data-center-UPS-market
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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