PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1354331
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1354331
Data Center UPS Market size is set to expand at over 5.5% CAGR from 2023-2032, driven by the proliferation of digitalization across industries. With organizations and businesses across the globe undergoing digital transformation, there is growing demand for data centers to support this shift. UPS systems have become indispensable to ensure that data centers remain operational even during power outages, voltage fluctuations, or other electrical disturbances.
Additionally, the rapid growth of data center in China and India due to the huge internet subscriber base, enormous increase in mobile device usage, digital payments, emphasis on IoT, big data, cloud computing, and the data protection law is impacting the industry growth. For instance, in July 2023, ABB India's electrification business introduced MegaFlex DPA UPS solutions for the Indian market to render greatest efficiency rating and smallest footprint.
The data center UPS market is segmented in terms of data center size, component, application, and region.
Data center UPS market from the services segment is anticipated to witness significant CAGR between 2023 and 2032. The services segment encompasses maintenance, monitoring, and support services that are essential for the proper functioning and reliability of UPS systems. The ongoing investments by data center operators in professional services to optimize UPS performance, conduct preventive maintenance, and troubleshoot issues are also likely to support segment growth.
Data center UPS market from the government application segment is projected to experience robust growth through 2032 attributed to the increasing digitalization and automation of government operations. Several government agencies and institutions at various levels depend heavily on data centers to store, process, and manage critical information related to public services, national security, and healthcare. Moreover, the higher adoption of stringent data protection regulations and sustainability goals to offer efficient power continuity will add to the segment growth.
In terms of regional landscape, Europe data center UPS market size is anticipated to witness over 5% CAGR through 2032 owing to the increasing reliance on digital services, cloud computing, and data storage. For instance, in December 2022, Riello UPS, a leading global provider of uninterruptible power supply, announced the establishment of a new subsidiary servicing the Republic of Ireland. Furthermore, stringent regulatory requirements in the region regarding data security and environmental sustainability have encouraged data center operators to invest in advanced UPS solutions.