Kenneth Research, in its repository of market research reports, have recently added a report on the Global Data Center UPS Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Data Center UPS Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Data Center UPS Market valued approximately USD 4.19 billion in 2016 is forecasted to grow with a healthy growth rate of more than 7.72% over the forecast period 2018-2025. The major factors speculated to augment the markets are rising demand for uninterrupted power to secure efficient operations in financial institutions, banks, & businesses and growing espousal of cloud computing services. Furthermore, the growing base of connected customers, the proliferation of digital devices, and growth in content are responsible for generating more data which in turn is one of the principal drivers for the market. An uninterruptible power supply or uninterruptible power source (UPS) is an electrical apparatus which gives emergency power to a load when the input power source or mains power fails. UPS systems are a critical component of a data center.
The regional analysis of Global Data Center UPS Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Large Data Center UPS
Medium Data Center UPS
Small Data Center UPS
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Gamatronic Electronic Industries, The Emerson Electric Company, General Electric, Eaton, Toshiba Corp., Schneider Electric, Belkin International Inc., Clary Corp., HBL Power Systems, PhoenixContact, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
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Target Audience of the Data Center UPS Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
About Kenneth Research
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