Data Center UPS Market
Data Center UPS Market is expected to exceed USD 4.5 billion by 2024. The growth can be credited to the growing trend of cloud computing and virtualization. The ever growing digital and computing requirements of the data centers are the vital drivers fueling the industry growth. Moreover, growing usage of media streaming and online gaming services is anticipated to provide the industry widespread array of prospects.
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The usage and implementation of data centers is growing exponentially in SMBs, and large enterprises for collecting, analyzing, processing and distribution of large information in an uninterrupted manner. The systems are offering consumers a constant power supply and are safeguarding the industry against power disruptions. With the rise in the IT & telecom and entertainment sector, companies are implementing and using these solutions for their infrastructure, thereby driving the data center UPS market growth.
Slow advancements rates of technology are hampering the data center UPS market growth. In addition, factors such as rising costs for raw materials, intense price competition and lack of skilled labor is acting as challenge for the growth. The data center UPS market can achieve immense growth by maintaining the product consistency, and efficiency.
The online data center UPS market accounted for majority of the market share in 2016 and will witness high growth as it is being widely accepted and implemented by various companies. They offer improved total power protection to the peripherals & systems and are help decrease data loss that is caused by power disruptions. The online solutions are mainly used for important business applications in various industries owing to which a high demand has been witnessed in the data center UPS market.
Rise in digitalization has led to the installation of cloud based data management companies, which is playing a significant role in the Asia Pacific data center UPS market. Growth in the usage of cloud-based BFSI applications in countries such as China, Japan and India will augment the demand for these systems. In addition, rise in the number of internet users will facilitate the need for more data centers and thereby the UPS systems.
Major players operating in the data center UPS market include Eaton Corporation, ABB Ltd., Mitsubishi Electric, General Electric Co., Emerson Corporation, Schneider Electric S.A., Ametek Inc., Siemens AG and Delta Electronics Inc, among others. Companies are capturing the industry with a modified product range, to gain market share in untapped regions and the industry will consolidate in the future. Green and efficient solutions will become a vital presence in the several companies’ product range.
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:
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and research parameters
1.2. Data Sources
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