The Global Rack Mount UPS Market is estimated to be valued at US$ 2.98 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Rack Mount UPS are uninterrupted power supply systems that are mounted in standard 19-inch racks. They provide power backup to critical electronic equipment during power fluctuations or outages. They offer features such as high density, scalability and efficiency for data centers, colocation facilities and edge computing applications.
Market key trends:
One of the key trends in the rack mount UPS market is the growing adoption of lithium-ion batteries. Lithium-ion batteries offer higher energy density, longer lifespan and better reliability compared to traditional lead-acid batteries used in UPS systems. They enable modular and scalable UPS solutions for dynamically growing power demands in data centers. Their use is gaining traction as data center operators aim for more efficient, reliable and green UPS infrastructure.
Segment Analysis
The rack mount UPS market is witnessing high growth owing to the increasing uptake of high-density computing applications, growing data center developments and construction of large data centers. There is a rising demand for rack mount UPS systems that offer high power capacity, scalability, modularity and flexibility. The adoption of these systems allow effective power management for various IT racks and server loads placed in multi-rack enclosures. Furthermore, the growing awareness towards minimizing downtime costs and ensuring business continuity is also fueling the demand for rack mount UPS systems in industries.
SWOT Analysis:
Strength: Rack mount UPS systems offer high power output capacity and scalability. They provide optimized rack power solutions for high-density computing applications.
Weakness: High initial investments required for procurement and installation of rack mount UPS systems.
Opportunity: Growing construction of hyperscale data centers presents an opportunity for rack mount UPS providers.
Threats: Continuous technological advancement leading to short life cycles of rack mount UPS systems poses a threat. Fluctuations in raw material prices can increase the overall costs.
Key Takeaways:
The Global Rack Mount UPS Market size was valued at US$ 2.98 Bn in 2023. The market is expected to grow at a CAGR of 6.6% during the forecast period due to increasing demand for data center infrastructure and critical infrastructure across industries. North America dominated the market with over 30% share in 2023 owing to high investments in data center capacity expansion in the US.
The rack mount UPS market in Asia Pacific is estimated to grow the fastest during the forecast period. This can be attributed to the rapid development of digital infrastructure and increasing construction of mega and hyper-scale data centers across China, India and other Asian countries.
Key players operating in the rack mount UPS market include Schneider Electric, Eaton, Emerson Electric, Toshiba, Siemens, General Electric, Delta Electronics, Huawei, ABB, Vertiv. The market iswitnessing increasing mergers and acquisitions as companies are focusing on expanding their product portfolios and geographical footprints.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it