Market Research Report
Data Center UPS Market Size By Data Center Size, By Component, By Application, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028
|Data Center UPS Market Size By Data Center Size, By Component, By Application, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028|
Published: May 27, 2022
Global Market Insights Inc.
Content info: 510 Pages
Delivery time: 2-3 business days
The data center UPS market is set to grow enormously by 2028 owing to increasing usage of cloud computing and online services across the globe. In addition, rapid infrastructural development and urbanization in developing countries are likely to boost market growth over the forecast period.
The coronavirus outbreak impacted the market negatively due to restrictions on business operations and strict lockdowns. However, in the post-pandemic scenario, rising demand for data centers to manage online services and remote working has benefited overall business dynamics.
Moreover, key participants have been emphasizing product innovation to expand their consumer reach, thereby fueling business growth. For instance, in May 2022, Panduit, a developer of network infrastructure solutions, launched SmartZone Cloud Software, a cloud-based application that manages asset, connectivity, and rack access through the integration of power and environmental monitoring systems. The innovation allows datacenter operators to monitor data and resources from any authorized device and make effective decisions regarding critical infrastructures from any part of the world.
The data center UPS market has been bifurcated based on application, data center size, component, and region.
In terms of data center size, the market has been categorized into large, medium, and small. The medium segment is foreseen to observe a positive outlook in the forthcoming years due to the growing penetration of cloud services that offer higher scalability and flexibility.
With reference to component, the data center UPS market has been split into solution and service. The solution segment has been segmented further into online UPS, standby UPS, and line interactive UPS. Major benefits of line interactive UPS such as low cost and high reliability due to fewer components and energy efficiency are likely to support the development of the line interactive UPS segment in the forthcoming years.
Meanwhile, the online UPS segment is anticipated to register notable revenue growth by 2028 due to increased adoption in the telecom and healthcare sectors to ensure the protection of equipment.
The service component segment has been further divided into professional and managed. The professional service segment is expected to observe robust expansion backed by increasing focus on strategic direction for the design & implementation of UPS based on a company's requirements.
With respect to application, the data center UPS market has been segregated into IT & telecom, BFSI, manufacturing, colocation, healthcare, energy, government, and others. Mounting demand for cost-effective data management solutions is likely to increase the uptake of UPS in the colocation data centers. Meanwhile, notable investment by government authorities in the power & energy sector is slated to augment the growth of the energy segment through the study timeframe.
The government segment is poised to attain a sizable revenue by 2028 owing to prominent adoption of digital technologies. Surging usage of IIoT & robotics in the manufacturing sector is likely to propel the growth of the manufacturing segment over the review timespan. Additionally, the healthcare segment is primed to exhibit sturdy growth through 2028 on account of rising penetration of smart devices that require minimum downtime in the sector.
In the regional frame of reference, the data center UPS industry in Latin America is projected to expand substantially over the forecast period owing to supportive government initiatives aimed at promoting digitalization in the healthcare sector in LATAM. Meanwhile, owing to booming demand for digital payment solutions across MEA, the Middle East & Africa data center UPS market is set to showcase considerable expansion.