The global data centre UPS market is expected to secure USD 5,407.8 million in 2023. During the forecast period of 2023 to 2033, the market is likely to exhibit a CAGR of 6.9% while amassing a market value worth USD 10,571.6, million. The growth of the market can be attributed to the increasing expansion of the consumer electronics sector.
Data Points | Key Statistics |
---|---|
Expected Market Value (2023) | USD 5,407.8 million |
Anticipated Forecast Value (2033) | USD 10,571.6 ,million |
Projected Growth Rate (2023 to 2033) | 6.9% CAGR |
The increasing application of cloud computing services by SMEs and significant growth in the volume of data centres globally is projected to be the most significant factors contributing to the growth of the data centre uninterrupted power supply (UPS) market during the forecast period. Data Centre UPS provides a continuous power supply to the data centres and protects machines against power disruptions.
Data Centres are an important asset used in organizations for the distribution and processing of large data in an uninterrupted manner to secure the data, data centre UPS are installed.
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Growing Inclination towards Cloud Computing to Benefit the Centre UPS Market
The rising inclination towards cloud computing, virtualization, and the growing demand for easy data availability is expected to propel the data centre’s uninterrupted power supply (UPS) market during the forecast period.
The rising application of digital services and the prevalence of the digital age or increasing digitization in general especially in the evolving economies will further propel expansion in the data centre uninterrupted power supply (UPS) market. Moreover, concerns regarding the loss of data in case of a power outage will also drive growth in the demand for data centre uninterrupted power supply (UPS).
Cloud computing services are spending about 4.5 times the rate of IT spending. The primary growth of the cloud is due to its availability of about 99% and ease of access. Cloud services need to be online to deliver services that enhance the demand for UPS systems.
High Costs Associated with Raw Materials to Hamper the Market
The most significant factor responsible for hampering the global data centre UPS market is the high expenses associated with raw materials. Further, a lack of expertise and trained personnel will offer a major challenge to the expansion of the data centre-interrupted power supply market.
However, the presence of untapped markets in regions such as the Middle East and Africa, and the growing number of data centres in South America are expected to counter hampering factors and propel the market growth during the forecast period.
Increasing Demand for UPS Systems in SMEs to Augment the Market Size
Growing demand for standby UPS systems among SMEs is expected to offer significant opportunities to the global data centre UPS market during the forecast period.
The associated benefits such as small size, low cost, silent operation when on standby, and greater efficiency have resulted in an increased acceptance of offline UPS among small data centre operators.
According to the study, the global data centre UPS market is expected to be dominated by North America. In 2023, the region is anticipated to secure 34.7% of the global share. The domination of the region can be attributed to the presence of established firms in the region.
The USA market has a robust presence of various cloud service providers such as Facebook Inc., Delta Electronics Inc., and Google LLC., which are focusing on new strategies to power their data centres. These factors are boosting the industry value of data centre UPS which offers the optimum Power Usage Efficiency (PUE) ratio.
Also, the growing penetration of cloud solutions is expected to benefit the market during the forecast period. As per the World Trade Statistical Review, cloud infrastructure investment in the USA increased by 1.1% in the third quarter of 2021, as the COVID-19 pandemic accelerated the country's digital transition.
The European market for Data Centre UPS market is expected to be the second-largest market. As of 2023, the region is projected to secure 28.4% of the global share. The development of the region can be attributed to the increasing application of digital payment solutions.
The rising application of contactless payments has grown the demand for data centre UPS that assures reliable power supply. The industry will rise exponentially due to the rising acceptance of these data centre UPS that helps in the maintenance of customer access to online and mobile banking and the operation of trading equipment in large data centre facilities operated by banking and financial institutions.
According to the study, the Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth of the regional market can be attributed to the rapid expansion of the IT & Telecom sector.
The increasing digitization and penetration of technologies like Iota and 5G are expected to play a significant role in driving the global market for data centre UPS market. The telecom operators are introducing a 5G standalone (SA) network to offer modern and advanced services to customers to efficiently run a wireless network that demands a reliable power infrastructure to deliver high-speed services.
In February 2023, Nokia announced the plan to launch advanced services and network solutions for 5G between 2023 and 2025 in India to meet the increasing demand for various industry verticals.
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QTS (USA), Vantage Data Centre (USA), Data Bank (USA), structure (Canada), ZoomInfo (USA), Delphix (USA), Oxford Semantic (United Kingdom), Princeton Digital Group (India), and Xplenty (Israel) are some of the emerging names in the global data centre UPS market.
Recent Updates from the Industry:
In February 2023, Data centre company Princeton Digital Group (PDG) announced that it has closed an equity investment of more than USD 500 million led by Mubadala Investment Company, which put in USD 350 million. Both existing shareholders in PDG - Warburg Pincus and Ontario Teachers’ Pension Plan Board - also invested in this round, the company informed.
Key players in the global data centre UPSC market include Schneider Electric SA Eaton Corp., Toshiba Corp., Emerson Network Power Inc., Clary Corp., Intellipower Inc., General Electric Electrical Systems, Belkin International Inc., and Power Innovations International Inc.
Key Updates from the Industry Include:
Attributes | Details |
---|---|
Growth Rate | CAGR of 6.9% from 2023 to 2033 |
Market Value in 2023 | USD 5,407.8 million |
Market Value in 2033 | USD 10,571.6 ,million |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, Application, Technology, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Schneider Electric SA; Eaton Corp.; Toshiba Corp.; Emerson Network Power Inc.; Clary Corp.; Intellipower Inc.; General Electric Electrical Systems; Belkin International Inc.; Power Innovations International Inc.; Barri; ABB Ltd.; Huawei Technologies; Mitsubishi Electric Corporation; Vertiv Group |
Customization | Available Upon Request |
In 2023, the dehydrated onions market is valued at USD 5,407.8 million.
Until 2033, the market will experience a 6.9% CAGR.
The market shall reach USD 10,571.6, million in 2033.
Europe is likely to generate 28.4% revenue in 2023.
Toshiba Corp., Emerson Network Power Inc. and, Clary Corp. are key market players.
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