Global Data Center UPS Market Size, Share To Worth $9,836.01 Million By 2030 | CAGR 6.71 %Category: Electronics, ICT & Media
Global Data Center UPS Market Worth $9,836.1 Billion By 2030
According to a research report published by Spherical Insights & Consulting, The Global Data Center UPS Market Size to grow from USD 5315.6 million in 2021 to USD 9,836.01 million by 2030, at a Compound Annual Growth Rate (CAGR) of 6.71% during the forecast period. New data centres are being built, expanding the market, since there is an exponential rise in demand for data storage across all industries worldwide, primarily to support big data solutions.
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Browse 55 market data Tables and 65 Figures spread through 225 Pages and in-depth TOC on “Global Data Center UPS Market Size, Share, and COVID-19 Impact Analysis, By UPS Capacity (Up to 500 KVA, 500−1,000 KVA, More Than 1,000 KVA), Tier (Tier I and II, Tier III, Tier IV), By End User (Information Technology, BFSI, Healthcare, Energy, Manufacturing), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030”
An uninterruptible power supply (UPS) is an improved electrical device that automatically activates to offer battery backup in the event of a power outage, power interruption, or voltage variations. Using a rectifier, it transforms alternating current (AC) electricity into direct current (DC) power to operate. Flywheel, lithium, and valve-regulated lead acid (VRLA) are also included as conventional UPS types that can be obtained in standby, line interactive, and double conversion variations. These technologies support infrastructure upkeep until reliable power is restored, dampen energy spikes to prevent equipment damage, and stop operational disruptions brought on by fluctuations. The most important drivers of the growth of the data centre uninterrupted power supply (UPS) market are anticipated to be the rising adoption of cloud computing services by SMEs and the huge increase in the number of data centres around the world. Machines are shielded from power outages by data centre UPS, which offers a constant power supply to the data centres.
The 500 kVA accounts for the largest market size during the forecast period
Based on the capacity, the global data center UPS market is segmented into Up to 500 KVA, 500−1,000 KVA, More Than 1,000 KVA. Among these, 500-Kva segment is going to witness the fastest market growth. This may be because small to large businesses' data centres frequently employ them as a temporary energy source during power outages or voltage spikes.
Tire III data centers to witness fastest market growth.
On the basis of tier, the global data center UPS market is segmented into Tier I and II, Tier III, Tier IV. Among these, the tier-III data centers is anticipated to witness the fastest market growth. The likelihood that this tendency will continue throughout the ensuing years is similarly high. This is accomplished in order for them to satisfy the specifications for tier III facilities, which are typically utilised by both developing and existing organisations. There are several other ongoing data centre projects in different parts of the world that fall under this heading.
The IT segment to witness the fastest growth rate.
Based on the end user, the global data center UPS market is segmented into Information Technology, BFSI, Heathcare, Energy, and Manufacturing. Among these, IT segment is anticipated to witness the fastest growth rate. Top IT companies are heavily dependent on cloud computing platforms and data analytics, which makes it necessary for them to store and safeguard data in data centres. Businesses use data centre UPS solutions, which offer a dependable power supply, to achieve their goals. More than half of the biggest data centres are in the ownership of a small number of powerful companies, like Google, Amazon, and Microsoft, who also significantly influence the market's growth.
Asia Pacific to register the fastest market growth over the forecast period.
The Global data center Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. During the projection period, the market in the Asia Pacific is anticipated to grow at the fastest rate. The rapid growth of the IT & Telecom industry is to be blamed for the expansion of the regional market. During the projection period, the market in the Asia Pacific is anticipated to grow at the fastest rate. The rapid growth of the IT & Telecom industry is to be blamed for the expansion of the regional market.
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Key Market Players: ABB Ltd., Schneider Electric, Eaton Corporation, Mitsubishi Electric, Legrand, Vertiv Group Corporation, General Electric Company, Delta Electronics, Toshiba, Emerson Electric
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