The global data center UPS market produced $5,729.0 million in 2021, which is predicted to hit $10,096.5 million by 2030, growing at a 6.5% CAGR from 2021 to 2030. The market is being bolstered by the opening of new data centers, as the need for data storage is skyrocketing across all industries. The need for UPS systems is growing since they safeguard data centers from power spikes and outages. With high-density cloud computing systems, industries and businesses rely heavily on data centers, necessitating power supply continuity for effective data security.
The biggest end customer of data center UPS solutions is the IT industry. During the projected period, the segment is also predicted to increase at the fastest rate. Top IT firms rely on data analytics and cloud computing systems, and they have a high demand for data storage and security in data centers. Businesses use data center UPS systems to provide a continuous power supply to meet their business objectives. Amazon, Microsoft, and Google are a couple of the key companies in the data center UPS market that own over half of the data centers and contribute considerably to the market's growth.
North America held the biggest share of the revenue in the data center UPS market in 2021. This is due to the presence of key market companies including ABB Ltd., Eaton Corporation, and Schneider Electric, as well as the region's data center concentration, which is the highest in the world. On the other hand, the APAC market is expected to grow at the fastest rate in the future years. This is because of the region's growing investments, data center growth, and widespread acceptance of public and hybrid cloud by numerous sectors.
Governments are taking several steps to reduce their carbon impact. For example, The Carbon Neutral Government Program was created to help the public sector reduce emissions faster. As a result, businesses, manufacturing units, and IT companies are taking measures to move toward more efficient and environmentally friendly power backup systems, with green UPS systems leading the way in the data center UPS market, consuming less energy and producing a lower carbon footprint.
Hence, the market will grow significantly in the coming years, due to the growing count of new data centers and the heavy dependency of industries and businesses on data centers.
