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Global Data Center UPS Market 2020-2024 | Includes COVID-19 and Market Forecast in the New Normal | TechnavioThe 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119005656/en/ Technavio has announced its latest market research report titled Global Data Center UPS Market 2020-2024 (Graphic: Business Wire) For a more detailed analysis, Get a Free Sample Report delivered in a minute 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. More details: https://www.technavio.com/report/data-center-ups-market-industry-analysis 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. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing 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). Companies Covered:
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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. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape
Market Sizing
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Market Segmentation by Application
Customer landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
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