The global data center UPS market size is expected to grow by USD 2.63 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005307/en/
Technavio has announced its latest market research report titled Global Data Center UPS Market 2020-2024 (Graphic: Business Wire)
Request challenges and opportunities influenced by COVID-19 pandemic - Request a Free Sample Report on COVID-19 Impacts
The increase in the adoption of modular UPS systems is expected to drive the data center UPS market. The primary benefits of the modular approach are the ability to increase capacity as and when required (assuming an initial right-sizing) as well as diminished maintenance cost. Modular systems are of lower capacity, cost less and additional modules can be installed based on capacity requirements. It also cost lesser in terms of installation and maintenance when compared to large systems, meanwhile providing higher efficiency, which is commonly more than 90%. The growth of modular systems is also happening rapidly as it requires less space, which is around 40% of what is used by conventional systems. These modular systems will be an ideal choice for data center operators experiencing frequent growth in rack power density.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44892
As per Technavio, the rapid growth in the construction of data centers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Data Center UPS Market: Rapid Growth in the Construction of Data Centers
The rising demand for cloud-based service offerings and the need to build the digital economy has facilitated the increased construction of data centers. CSPs such as Google, Microsoft, and AWS are expanding their data center footprint by establishing hyper-scale data center facilities. For instance, in August 2020, Stream Data Centers opened a new data center in Chicago. The company offers a 15-megawatt capability and 127,000 square feet of space, including 70,000 square feet of data hall space. Moreover, in most countries in Eastern Europe, Africa, and Southeast Asia, the increased establishment of data centers is encouraged by government agencies. UPS is one of the mandatory elements of the infrastructure that must be present in a data center. Most facilities are adopting UPS systems of N+1 and 2N redundancy, boosting the market revenue during the forecast period.
“Other factors such as the increasing use of lithium-ion UPS systems, and growing adoption of DCIM and automation tools will have a significant impact on the growth of the data center UPS market value during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Technavio's SUBSCRIPTION platform
Data Center UPS Market: Segmentation Analysis
This market research report segments the data center UPS market by product (centralized UPS, zone UPS, and rack-mount UPS) and geography (North America, Europe, APAC, South America, and MEA).
The North American region led the data center UPS market share in 2019, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to the increasing construction of data centers.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200918005307/en/
Contacts:
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
