Press release
Data Center UPS Market Size in Online UPS Solution Segment Will Witness High Growth by 2024 | ABB, AMETEK, Belkin International, Caterpillar, Cummins, Delta Electronics, Eaton, Emerson Network Power, GE, Phoenix Contact, Siemens, TDK, Toshiba
Data Center UPS Market
Data Center UPS Market size 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.
The key players covered in this study: -
1. ABB
2. AMETEK
3. Belkin International
4. Caterpillar Inc.
5. Cummins Inc.
6. Delta Electronics
7. Eaton
8. Emerson Network Power
9. GE
10. Hewlett Packard Enterprise
11. Phoenix Contact
12. Schneider Electric
13. Siemens
14. TDK
15. Toshiba
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.
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.
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North America, the hub for tech advancements, accounted for close to 30% of the overall data center UPS market share in 2016, driven by rapid expansion of the manufacturing, IT & telecom, entertainment, and healthcare sectors. Furthermore, data center UPS market companies have been striving to come up with innovations on the home ground so as to increase the momentum of the regional industry. For instance, Fuji Electric Corp Of America has recently come up with their latest UPS system – the UPS7300WX-T3U, which is apparently a transformer-less UPS that can withstand an explicit load and environmental condition of the data center.
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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