Press release
Data Center UPS Market Will Grow at a Healthy CAGR by 2024 Profiling AEG Power Solutions, Cummins Inc., Delta Electronics, Eaton, HBL Power Systems Ltd., Phoenix Contact, Siemens, TDK, Toshiba, Schneider Electric
Data Center UPS Market
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.
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The Major Key Players in the Market are as follows:
1. ABB
2. AEG Power Solutions
3. AMETEK
4. Belkin International
5. Benning Power Electronics
6. Caterpillar Inc.
7. Cummins Inc.
8. Delta Electronics
9. Eaton
10. Emerson Network Power
11. Gamatronic, A SolarEdge Division
12. GE
13. Hewlett Packard Enterprise
14. HBL Power Systems Ltd.
15. Mitsubishi Electric Corporation
16. Phoenix Contact
17. Riello UPS
18. Schneider Electric
19. Server Technology
20. Siemens
21. TDK
22. Toshiba
23. Tripp Lite
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.
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In the data center UPS market, the colocation segment has a vital market share in various European and Asian countries since the last few years. Several businesses are migrating part of the IT infrastructure to the cloud, as the colocation data centers are emerging as a perfect solution for providing physical distance among business servers and cloud providers. Several colocation companies are installing innovative technologies to enhance data center quality, improve processing and modernize the operations.
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.
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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.
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