Global Data Center UPS Market is valued USD 4.19 billion in 2016 is anticipated to grow USD 8.18 billion with the compounded annual growth of 7.72% over the forecast period 2018-2025.
New York 14 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Data Center UPS market industry is poised to raise USD 8.18 billion by 2025. The major factors expected to augment the market 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.
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Global Data Center UPS Market Size Study By Product (Large Data Center UPS, Medium Data Center UPS, Small Data Center UPS, Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
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.
Key findings of the study:
- The North American region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by 8.22% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Large Data Center UPS
- Medium Data Center UPS
- Small Data Center UPS
- North America
- Asia Pacific
- Latin America
- Rest of the World