Data Center UPS Market to grow at a CAGR of 12.83% during 2024-2028
The Data Center UPS Market is expected to grow at a CAGR of 12.83% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6730.9 million. In the data center sector, Valve Regulated Lead-Acid (VRLA) batteries, often referred to as lead-acid batteries, are the preferred choice for Uninterruptible Power Supply (UPS) systems due to their ability to provide backup power during power outages. However, the maintenance of these batteries poses a significant challenge for data center operators, requiring frequent monitoring and replacement every three to five years. As an alternative to lead-acid batteries, flywheel-based UPS systems from vendors like Active Power are gaining traction. While these systems offer advantages such as reduced environmental impact and longer operational life, there is a pressing need to enhance their backup time, which currently lags behind that of lead-acid batteries in most instances.
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Technavio analysts predict that the Centralized UPS subsegment will lead the Product segment during 2024 and 2028 The Data Center UPS market is experiencing significant growth due to the increasing demand for uninterrupted power supply in mission-critical applications. Businesses are investing heavily in advanced UPS systems to ensure uninterrupted power delivery and minimize downtime risks. These systems provide essential backup power during power outages or grid instability, safeguarding critical data and ensuring business continuity. The market is driven by factors such as the growing adoption of cloud computing, the proliferation of IoT devices, and the need for data security and compliance.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increase in adoption of modular ups systems
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In the digital age, IT spending continues to grow in evolving economies, with an increasing focus on flexibility, safety, and backup power for critical facility customers. Uninterrupted power supply (UPS) systems have become essential for businesses to ensure data center reliability and prevent power interruptions that could lead to costly downtime. SMEs are also recognizing the importance of UPS systems, as they too rely on digital infrastructure for their operations. UPS systems come in various forms, including lead-acid and lithium-ion batteries, with aluminum and copper being common materials used in their construction. AI and IoT are also being integrated into UPS systems for improved monitoring, efficiency, and scalability. Remote monitoring and control solutions enable businesses to optimize their UPS systems and reduce operating costs. As cloud infrastructure becomes more prevalent, UPS systems are becoming a critical component of edge computing, ensuring uninterrupted power for IoT devices and other edge applications. With a growing remote working culture, UPS systems are increasingly important for businesses to ensure their data centers remain operational and their carbon footprint is minimized. Overall, UPS systems provide peace of mind for businesses by ensuring uninterrupted power, safety, and reliability.
The global electronics market encompasses a vast array of industries, including communications equipment manufacturers, technology hardware and storage providers, electronic equipment and instrument producers, electronic component suppliers, consumer electronics companies, and electronic manufacturing services. Among these sectors, the electronic components segment is a significant contributor to the market's growth. Factors driving this segment's expansion include the rising demand for Internet of Things (IoT) devices, which necessitate an increasing number of electronic components for their production. According to Technavio's market analysis, the global electronic components market size is determined by calculating the revenue generated from the sales of associated ICT and electronics products, equipment, and components. The growing adoption of IoT technology is a primary growth driver, as the deployment of these devices necessitates a substantial number of electronic components.
The Data Center UPS Market is experiencing significant growth, fueled by the increase in adoption of modular ups systems. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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