Data Center Uninterruptable Power Supply (UPS) Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Data Center Uninterruptable Power Supply (UPS) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The data center uninterruptable power supply (UPS) market size has grown strongly in recent years. It will grow from $6.24 billion in 2023 to $6.79 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased data center density and scale, an increase in edge computing, sustainability, and green initiatives, improved efficiency and capacity, and increased demand for uptime.

The data center uninterruptable power supply (UPS) market size is expected to see strong growth in the next few years. It will grow to $9.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to increasing data traffic, a rising remote workforce, rising energy costs, virtualization and consolidation, and smart city initiatives. Major trends in the forecast period include integrated monitoring and management, grid interaction and energy storage, leveraging IoT (Internet of Things) technology, and high availability and fault tolerance.

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Market Drivers and Trends:

The rise in cloud computing is expected to propel the growth of the data center uninterruptable power supply (UPS) market going forward. Cloud computing is a technology that enables access to computing resources and services over the internet, allowing users to store, manage, and process data remotely rather than on local servers or personal computers. Cloud computing is rising due to its scalability, cost-efficiency, and ability to support remote work and digital transformation. Data center uninterruptible power supplies (UPS) are essential in cloud computing to ensure continuous operation and protect against power disruptions, safeguarding data integrity and minimizing downtime for hosted services. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, around 45.2% of EU enterprises utilized cloud computing services, primarily for email hosting, file storage, and various operational tasks, with a notable increase of 4.2% points from 2021. The most sought-after services included email hosting (82.7%), file storage (68.0%), office software (66.3%), security applications (61.0%), finance or accounting software (51.6%), and enterprise database hosting (43.0%). Therefore, the rise of cloud computing is driving the growth of the data center uninterruptable power supply (UPS) market.

Major companies operating in the data center uninterruptable power supply (UPS) market are focused on developing advanced products, such as a new compact UPS, to offer stable power for mission-critical applications and small data centers. A compact UPS (uninterruptible power supply) is a small, portable device that provides backup power to electronic devices in the event of a power outage or fluctuation, ensuring uninterrupted operation and protection against data loss or damage. For instance, in December 2023, Eaton Corporation plc, an Ireland-based battery power management company, launched the new Eaton 93T UPS, a compact solution aimed at ensuring a stable power supply for critical applications such as server rooms and small data centers. This UPS system is engineered to maximize uptime while minimizing overall ownership costs, ensuring uninterrupted business operations. The Eaton 93T UPS ranges from 15 kVA to 80 kVA in power capacity and is designed for seamless integration with Eaton Brightlayer digital solutions, enhancing performance management capabilities. It includes advanced operational and management features that utilize data insights for efficient monitoring, management, and optimization of performance.

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Major Key Players of the Market:

Huawei Digital Power Technologies Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Hewlett Packard Enterprise, Toshiba Corporation., Eaton Corporation, Emerson Electric Co., Delta Electronics Inc., KOHLER Uninterruptible Power Limited, Legrand S.A., Fuji Electric Co. Ltd., Vertiv Group Corp., LITE-ON Technology Corporation., SolarEdge Technologies Inc., Rittal Private Limited, Panduit Corporation, Piller UK Limited, Socomec Group, Kehua Hengsheng Co Ltd, Cyber Power Systems Inc., Hitachi Hi-Rel Power Electronics Private Limited, Borri S.p.A., Kstar New Energy Co Ltd, N1 Critical Technologies Inc.

Data Center Uninterruptable Power Supply (UPS) Market 2024 Key Insights:

• The data center uninterruptable power supply (UPS) market size is expected to see strong growth in the next few years. It will grow to $9.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
• Rising Cloud Computing Fuels Growth In The Data Center Uninterruptible Power Supply (UPS) Market
• Development Of Advanced Compact UPS Solutions In The Data Center Uninterruptable Power Supply (UPS) Market
• North America was the largest region in the data center uninterruptable power supply (UPS) market in 2023

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