Press release
Data Center UPS Market is Moving Fast - Top Competitors are Delta Electronics, Emerson Network Power, ABB, Cummins Inc., Eaton, GE, Hewlett Packard Enterprise, Phoenix Contact, Schneider Electric, Siemens and Toshiba
Data Center UPS Market
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.
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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. Global data center UPS market is set to exceed USD 4.5 billion by 2024, according to this new research report.
Data Center UPS Market, By Application
• BFSI
• Colocation
• Energy
• Government
• Healthcare
• Manufacturing
• Telecom & IT
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Competitive Analysis:-
Major players operating in the data center UPS Belkin International, Caterpillar Inc., Delta Electronics, Emerson Network Power, ABB, Cummins Inc., Eaton, GE, Hewlett Packard Enterprise, Phoenix Contact, Schneider Electric, Siemens, Toshiba and Server Technology among others.
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.
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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.
Related Report: -
Data Center Networking Market Size By Component (Solution [Ethernet Switches, Routers, Servers, (ADC) Application Delivery Controller], Service [Professional, Managed]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Indonesia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, GCC, South Africa, Morocco), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/data-center-networking-market
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