Data Center UPS Market to cross $4.5bn by 2024

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Global Data Center UPS Market to surpass 4.5bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Data center UPS Market

• Data Center UPS Market size is set to exceed USD
  4.5 billion by 2024 according to a new research
  report by Global Market Insights, Inc. The
  growing trend of virtualization, and cloud
  computing is driving the growth of the data
  center UPS market. This trend has fueled the rise
  in the number of UPS installations for data
  centers in SMBs and large enterprises which has
  allowed these organizations to use power
  efficiently and effectively. These systems
  provide continuous power supply to the data
  centers and protect them against power
  interferences. In addition, a major driver of the
  data center UPS market is the growing usage of
  online services such as Amazon Prime, Netflix and
  Hulu coupled with the growth of data center
  colocation market.
• With companies collecting, analyzing and
  reporting vast amount of digital data, the
  industry has witnessed an exponential growth and
  need for technologies such as machine learning,
  cloud computing and IoT. With the rise in data
  usage and growing software industry, the usage
  and implementation of data centers is growing.
  The industry is witnessing a shift towards cloud
  computing, which has generated a demand for
  speed, security, and data storage and is helping
  strengthen the data center UPS market growth.

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Continued...

• Renovation of existing data centers and
  manufacturing of new facilities will aid the data
  center UPS market growth over the coming years.
  Effective backup power systems have become
  critical for modern data centers owing rise in
  the amount of voltage fluctuations and power
  outages. These systems need regular maintenance
  and check-up which acts as a key challenge for
  deployment of the systems. Lack of dedicated and
  skilled personnel in companies to manage the
  systems is a major factor hindering the data
  center UPS market growth.
• The increased adoption of IoT across several
  applications such as BFSI, healthcare,
  manufacturing, telecom IT has generated a
  demand for data center UPS market which provide
  enhanced efficiency through reduced energy
  consumption. The industry is witnessing a shift
  towards data center colocation, as colocation
  services help simplify several processes.
  Companies implementing and using colocation
  services are relying on the vendors to handle
  intricate facility systems, such as IT setup and
  hardware upgrades without having to concern about
  the data center facility-related issues thereby
  driving the colocation demand.

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U.S. data center UPS market, by product, 2016
2024 (Mn)

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Continued...

• North America accounted for more than 30 of the
  global data center UPS market share in 2016 owing
  to the U.S. market and will grow at a high CAGR
  during the forecast timeline. Rapid
  infrastructure advancements of several sectors
  such as healthcare, manufacturing, entertainment,
  and IT telecom, will provide an impetus to the
  regional industry growth. Moreover, increasing IT
  investments of SMBs, and strict government
  policies, in the U.S. will positively impact the
  demand for the data center UPS market in the next
  seven years.
• Some of the major companies operating in the
  industry include Mitsubishi Electric, Ametek
  Inc., General Electric Co., ABB Ltd., Schneider
  Electric S.A., Emerson Corporation, Eaton
  Corporation, Delta Electronics Inc, and Siemens
  AG among others. Several companies are trying to
  capture the data center UPS market with a
  customized product portfolio, which is helping
  them gain high market share. The industry is
  moving towards consolidation on a global level
  with companies looking to expand in previously
  untapped locations. In addition, efficient and
  green UPS systems are slowly becoming a vital
  presence in the companys product offerings.

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