Global Data Center UPS Market 2020-2024 | Includes COVID-19 and Market Forecast in the New Normal | Technavio
The global data center UPS market is expected to grow by USD 2.63 billion, progressing at a CAGR of over 8% during the forecast period. The market will have a neutral impact due to the spread of the COVID-19 pandemic. The growing demand for continuous power supply to data centers has compelled market vendors to expand their modular UPS offerings. In addition, major colocation service providers are focusing on constructing additional data center facilities to cater to the growing demand. These factors will present significant opportunities for vendors during the forecast period.
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The increase in adoption of modular UPS systems is one of the major factors propelling market growth. Modular systems are of lower capacity and cost-effective. They provide higher efficiency, which is commonly more than 90%. They also cost less in terms of installation and maintenance when compared to large systems. These factors are increasing the adoption of modular UPS systems among end-users. However, factors such as UPS battery failure will hamper market growth.
Data Center UPS Market: Product Landscape
Based on the product, the market saw immense growth in the centralized UPS segment in 2019. Also, the growth of the market in the segment will be significant over the forecast period. This is due to the wide availability of centralized UPS systems with a capacity of more than 1,000 kVA.
Data Center UPS Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 29% of the market's overall growth is expected to originate from North America. Factors such as the proliferation of data centers and the rising investments by hyperscale cloud providers will present significant opportunities for vendors in the region over the forecast period.
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Related Reports on Information Technology Include:
Global Mini Data Center Market - Global mini data center market by type (micro data centers and containerized data centers) and geography (APAC, Europe, MEA, North America, and South America).
Global Edge Data Center Market - Global edge data center market by component (IT infrastructure, general construction, power management systems, cooling systems, security solutions, racks, and DCIM) and geography (North America, APAC, Europe, South America, and MEA).
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
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