Uninterruptible Power Supply Market Analysis by Size, Share, Growth, Trends, Opportunities and Forecast (2023-2030) | UnivDatos Market Insights
According to a new report by UnivDatos Market Insights, the Uninterruptible Power Supply Market, is expected to reach USD 14.0 Billion in 2030 by growing at a CAGR of 3.4%. UPS stands for Uninterruptible Power Supply, which is a device that maintains power in the event of a failure, such as a power outage or drop in voltage. A UPS typically includes a battery that is kept charged and ready to supply power when needed. The main purpose of a UPS is to ensure that a computer or other electrical devices can continue to operate for at least a short time when incoming power is interrupted.
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The global UPS market is driven by several key factors, including the increasing reliance on technology, the need for business continuity, and the importance of data protection. The emergence of green and energy-efficient UPS solutions is a leading factor driving the demand for uninterruptible power supply. The rapid deployment of data centers due to massive data storage requirements and the increasing use of UPS systems are also contributing to the market growth. The demand for UPS solutions in large-scale data centers will witness high growth due to the modernization and construction of new data centers, as well as increasing power fluctuations and outages in data centers. Moreover, drivers such as the growing demand for consistent power supply from various application sectors, along with Urbanization and industrialization led to a demand for process automation and round-the-clock network usage. Furthermore, new functions such as The integration of smart technologies such as IoT and AI in UPS systems are acting as a catalyst in the growth of the global UPS market during the forecast period.
Rising Data Center Leading to increasing UPS sales
The significant rise in data generation and use across a variety of industries has led to a rise in demand for data servers and data centers. According to CloudScene data, as of January 2021, there were nearly 8,000 data centers globally. Among these countries, six houses a majority of data centers: the United States (33 percent of the total), the UK (5.7 percent), Germany (5.5 percent), China (5.2 percent), Canada (3.3 percent), and the Netherlands (3.4 percent). 77 percent are located in OECD member states, and approximately 64 percent are in NATO countries.
In the United States, there are over 2,600 data centers spread across the country. While northern California is known as the location for many data-intensive firms (Google, Facebook, Uber, Twitter, Yelp, for example), Dallas currently has the highest number of data centers (149). This is followed by the Bay Area (147), and Los Angeles (139). Interestingly, U.S. data centers are located over a wide variety of jurisdictions, reflecting the wide use of data throughout the U.S. economy. Nearly every U.S. state contains at least 1 data center. Data center operators are also diversified in the United States: the top 5 data center operators (Lumen Technology, Verizon, Digital Realty, AT&T, and Equinix), constitute about 25.9 percent of total U.S. data centers.
Rising Data Center Sector: America leading the IT server race
According to CloudScene data, as of January 2021, there were nearly 8,000 data centers globally. Among these countries, six houses a majority of data centers: the United States (33 percent of the total), the UK (5.7 percent), Germany (5.5 percent), China (5.2 percent), Canada (3.3 percent), and the Netherlands (3.4 percent). 77 percent are located in OECD member states, and approximately 64 percent are in NATO countries.
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Conclusion
The key drivers of growth in the UPS market include the rising adoption of strategies by key players, increasing demand for backup power sources to protect critical infrastructure, and the growing need for consistent power supply in various sectors such as data centers, telecommunications, medical, industrial, and marine applications. The market is also influenced by factors such as rapid technological advancements, innovation, and government initiatives. All these factors will act as a catalyst in the growth of the UPS market during the forecast period.
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