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Data Center UPS Market Share, Trends and Analysis, Growth and Forecast 2017-2022

12-18-2017 02:13 PM CET | IT, New Media & Software

Press release from: marketstudyreport.com

MaketStudyReport.com adds a new Data Center UPS Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 3% CAGR to 2024.

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.

With companies collecting, analyzing and reporting vast amount of digital data, the industry has witnessed an exponential growth and need for technologies such as machine learning, cloud computing and IoT. With the rise in data usage and growing software industry, the usage and implementation of data centers is growing. The industry is witnessing a shift towards cloud computing, which has generated a demand for speed, security, and data storage and is helping strengthen the data center UPS market growth.

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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.

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.

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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Some of the major companies operating in the industry include Mitsubishi Electric, Ametek Inc., General Electric Co., ABB Ltd., Schneider Electric S.A., Emerson Corporation, Eaton Corporation, Delta Electronics Inc, and Siemens AG among others. Several companies are trying to capture the data center UPS market with a customized product portfolio, which is helping them gain high market share. The industry is moving towards consolidation on a global level with companies looking to expand in previously untapped locations. In addition, efficient and green UPS systems are slowly becoming a vital presence in the company’s product offerings.

Data center UPS market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Data Center UPS Market, By Product:
Small, Medium, Large.

Data Center UPS Market, By Component:
Solution, Standby (off-line) UPS, Line interactive UPS, Online UPS, Service, Managed, Professional.

Data Center UPS Market, By Application:
BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, Telecom & IT, Others.

The above information is provided on a regional and country basis for the following:

North America, U.S., Canada, Mexico, Europe, UK, France, Netherland, Italy, Germany, Sweden, Russia, Spain, Austria, Asia Pacific, China, Australia, India, Japan, South Korea, Middle East, Israel, Saudi Arabia, UAE, Jordan, Africa, South Africa, Egypt, Algeria, Nigeria, Latin America, Brazil, Chile.

For More Details on this report:
https://www.marketstudyreport.com/reports/data-center-ups-market
Related Report:

Global Data Center Uninterruptible Power Supply (UPS) Sales Market Report 2017

In this report, the global Data Center Uninterruptible Power Supply (UPS) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/global-data-center-uninterruptible-power-supply-ups-sales-market-report-2017/?utm_source=RR-PSR

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