The global data centre UPS market is expected to secure a market value of US$ 5,407.8 million. With a CAGR of 6.9%, it is anticipated to exhibit a market value of US$ 10,571.6 million, at the end of the forecast period, in 2033.
The global data center UPS market faces challenges due to the considerable costs linked to raw materials and the scarcity of skilled personnel, potentially hindering market expansion. Nevertheless, promising drivers are poised to drive market growth during the forecast period. Untapped opportunities in regions like the Middle East and Africa, coupled with the burgeoning number of data centers in South America, are anticipated to offset the hindrances and foster market expansion.
The rising demand for data centers in emerging economies, driven by digital transformation initiatives and the surge in data-driven services, is projected to bolster the adoption of UPS solutions. Moreover, the escalating need for uninterrupted data access and the growing awareness regarding data security and business continuity are compelling data center operators worldwide to invest in advanced UPS technologies.
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Government initiatives promoting data center development and energy-efficient UPS solutions are providing a conducive environment for market growth. These factors, along with ongoing technological advancements and a focus on eco-friendly UPS systems, are expected to drive the global data center UPS market forward during the forecast period.
Competitive Landscape:
Recent Developments in Schneider Electric SA:
Schneider implemented ‘The Zero Carbon Project’ in April 2021, demonstrating its dedication to reducing ‘operational carbon emissions’ by 2025.
In January 2023, Schneider Electric successfully concluded its acquisition of Aveva.
Recent Developments in Toshiba Corp.:
On November 12, 2021, Toshiba made public its intention to divide into three distinct entities. The first two companies will concentrate on infrastructure and electronic devices, respectively, while the third, retaining the Toshiba name, will oversee the 40.6% stake in Kioxia and all other remaining assets. The company aims to finalize the restructuring plan by March 2024. In February 2022, Toshiba revised its plans and opted to split into two companies instead, following disapproval from shareholders regarding the initial proposal.
Leading Key Players:
Schneider Electric SA, Eaton Corp., Toshiba Corp., Emerson Network Power Inc., Clary Corp., Intellipower Inc., General Electric Electrical Systems, Belkin International Inc., Power Innovations International Inc., Barri, ABB Ltd., Huawei Technologies, Mitsubishi Electric Corporation, Vertiv Group
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