According to a report published by Grand View Research, Inc.; the data center UPS market is expected to reach a valuation of around USD 5.67 billion by 2020.
Rise in adoption of cloud computing services and increasing need for uninterrupted power supply to enable efficient operations in banks, financial institutions, and businesses can propel the market during the forecast period (2012 to 2020).
Increasing use of cloud servers, which packs more power into smaller spaces is considered as a key driving factor for the market. High adoption of digital devices, growing base of connected customers, and growth in content are responsible for generating more data. In addition, old data is more crucial for businesses, which is driving demand for storage. Thus, high demand for data and networking capacity is one of the major trends driving the market growth. Organizations are increasingly adopting UPS systems for preventing losses caused due to power outages and to aid during malfunction of IT equipment. The companies may face sizable damage due to power outage. Interrupt in power supply that continues for even quarter of a second may keep IT equipment unavailable for few minutes to several hours.
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Moreover, introduction of blade servers is considered as a highly space-efficient substitute for conventional rack servers.
Worldwide data center UPS market can be segmented on the basis of product and region.
Based on product, the market can be categorized into small data center UPS, medium data center UPS, and large data center UPS. The small data center segment is expected to exhibit significant growth over the forecast period on account increasing demand from small and medium-sized businesses (SMBs). These UPS systems are appropriate for factory floors, server rooms, enterprise data centers, and localized and mid-tier data centers. The segment acquired more than half of the overall revenue in 2016. The medium UPS and large UPS segments are expected to grow in light of growing number of organizations planning to up-scale their equipment.
Geographically, the market can be divided into North America, Europe, Asia Pacific, and Rest of the World.
In 2016, North America was the major contributor and likely to show significant growth over the forecast period. Healthcare, insurance, and financial services are considered as crucial end-user of UPS in this region.
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Growth in volume of digital content has increased demand for the UPS systems in Europe. Countries such as Germany, France, and the U.K. are major contributors in this region.
Asia Pacific is anticipated to show remarkable growth over the forecast period. The region is likely to gain the highest CAGR of around 8.0% during the forecast period. Rise in collaborative data centers in emerging countries such as India and China are expected to boost the market growth. Additionally, power outage is the major concerns in under developed and developing countries such as India and China.
Key companies operating in the market include Emerson Network Power Inc.; Gamatronic Electronic Industries; Power Innovations International; HBL Power Systems; and Schneider Electric SA.
Major manufacturers in the market are emphasizing on developing reliable technology to complete surging demand of cloud computing and providing power supply with low cost and better efficiency.
Various manufacturers have adopted green and energy efficient technologies for manufacturing products due to rising concerns about environment and high-power cost. Manufacturers are focused on designing robust components for UPS systems such as switches due to increasing users demand for reliability and zero downtime. Additionally, vendors are offering flexible solutions to enterprises by providing additional capacity by upgrading software. This can avoid re-installation of UPS system.
Furthermore, several companies are increasing their share through inorganic growth. Companies are also involved in mergers, alliances, and acquisitions to expand their presence and accessibility to untapped markets. Manufacturers are more concentrating on innovation and launch of new products to expand their product range. For instance, recently, Toshiba International Corporation introduced a new UPS of 100kVA capacity (208/120V) with the objective to expand company’s 4400 UPS Series.
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