Data Center UPS Market size to go past 4.5 billion-dollar mark by 2024

North America data center UPS market accounted for more than 30% industry share and will grow at a high CAGR during the forecast timeline owing to rapid infrastructure advancements of several sectors such as healthcare, manufacturing, entertainment, and IT & telecom.

The size of data center ups market is forecast to value at around USD 4.5 billion by 2024. The rising usage of online services and rapid infrastructure development of various application sectors are the primary forces driving the market growth. Growing e-commerce demand across the globe is creating a huge demand for data centers.

The rise and expansion of SMEs across the world are driving the need for data centers in the region. The SMEs are expanding faster by the accumulation of a voluminous amount of data, from their first-time customer bases. Owing to the high data accumulation, these data centers have extremely high-power requirements and need to have 100% uptime. The data center UPS market has therefore found an expanding application base to satisfy the added power requirements of the new rising data centers.

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The widespread adoption of cloud computing and IoT services across the world is projected to positively impact the data center UPS market size. The accelerated demand from government and enterprises about the implementation of the latest technologies, such as AI and IoT, is driving the demand for cloud-based services. The decline in the costs of sensors and the growing efforts of technology-related companies to scale down circuits will further lift the IoT expansion, resulting in higher power requirements and thereby contributing to the data center UPS market growth.

The data center UPS market is segmented by product type into Line Interactive, Standby, and Double conversion systems. Double conversion systems are anticipated to show growth owing to the features offered such as continuous and total power conditioning, wide input voltage tolerance, and Failsafe/overload protection with static bypass facility, reducing the data losses due to power outage issues.

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The data center UPS market size is having a high demand in countries including Brazil, China, and India. These regions face frequent power outages, which result in massive data losses in data centers. The U.S. and European countries including France, the UK, and Germany are projected to show a high growth over the forecast period owing to the high usage of online services and increasing expansion of digital media in these regions.

Players in the data center UPS market include ABB Ltd., Schneider Electric S.A., Fuji Electric, Mitsubishi Electric, Tripp Lite, Riello, Delta Electronics, Inc., Controlled power company, Eaton Corporation, and General Electric. The companies are expected to invest high in the R&D to expand their product portfolio and are advised to focus on mergers and acquisitions to enhance their foothold in the industry.

Browse key industry insights spread across 430 pages with 743 market data tables & 84 figures & charts from the report, “Data Center UPS Market Size By Product (Small, Medium, Large), By Component (Solution [Standby UPS, Line Interactive UPS, Online UPS], Service [Managed, Professional]), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, Telecom & IT), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Brazil, Argentina, Chile, Peru, GCC, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-UPS-market

Table of Contents (ToC) of the report:
Chapter 3. Data Center UPS Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Supply chain analysis
3.3.2. Vendor matrix
3.4. Technology landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing use of online services in North America
3.6.1.2. Rapid infrastructure development of various end-use segments in Europe
3.6.1.3. Widespread adoption of cloud computing and IoT in Asia Pacific
3.6.1.4. Increasing number of new data centers in South America
3.6.1.5. Increasing urbanization in MEA
3.6.2. Industry pitfalls & challenges
3.6.2.1. Slowdown in the semiconductor industry
3.6.2.2. Rising cost for raw materials and skilled labor
3.7. Growth potential analysis
3.7.1. Business model
3.8. Porter's analysis
3.8.1. Threat of new entrants
3.8.2. Buyer power
3.8.3. Supplier power
3.8.4. Threat of substitutes
3.8.5. Industry rivalry
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.9.2. PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/data-center-UPS-market

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