Global Modular UPS Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 11.23% through 2020 to 2026, reaching US$ XX Mn.
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Global Modular UPS Market Overview:
Big giants such as ABB Group & Riello Electronica Group are spending into modular UPS market owing to growing demand from many industry verticals such as healthcare, education, corporate, government among others. Rising demand for added power supply and data center applications is one keyinfluence fueling the development of modular UPS market.
Global Modular UPS Market Recent Development
ABB Group has introduced modular UPS which will be appropriate for small & medium-sized data centers & has also extended its product aids to the data centers in North America region. These UPS models are stress-free to deploy & can be added to the system as the power supplies of the system rises. This aids in avoiding the load of over requirement during the initial design outline. It also confirms that data centers will work with best efficiency & reliability.
Riello UPS has introduced a multi-power UPS. Along with all the elementary features, the product improves the first investment costs & also offers a rise in ROI to the consumers. It confirms flexible modularity & boosts redundancy levels & battery too.
Global Modular UPS Market Dynamics:
Correct sizing backup power has for a long period been an unmet necessity for customers. Businesses face the difficulties of forestalling their development over time, which ultimately leads them to face problems with backup power necessities. There is a trend where customers tend to organize a UPS system organized for a larger power range to accommodate future development. In reality, there are 2 main challenges related to this issue.
The 1st one is they end up disbursing for the extra power they will not use firstly. The 2nd issuearises when they do not raise their business as estimated. Modular UPS systems address these challenges efficiently with their essential flexibility & scalability, i.e., modules can be added according to condition. The modular rack mounting outlineproposalsconsumers the advantage of swapping a defective module with a new one without break to the working process of the entire UPS.
Global Modular UPS Market Segment Analysis:
Data centers are the major end-user segment for modular UPS systems:
The demand for data transmission & storage has expressively increased in the past few years & is estimated to rise further over the forecast period. This demand for data transmission & storage has caused storage & computing solutions to become more compound & progressive in nature, making a robust shift towards modularity. The data center by itself is progressively becoming modular; i.e., a change from the traditional brick & mortar model to a self-contained modular design. The development of modular data centers will play a vital role in the acceptance of modular UPS systems.
Data Centers at the Core of the Digital Economy:
The future for data centers aspects optimistic. In the United States alone, the data center market is estimated to reach about USD 10 Bn by the year 2023, while the global data center market will reach USD 174 Bn by 2023. Driving this development is the nonstop adoption of the Internet of Things & other progressive technologies such as cloud computing, big data analytics, & artificial intelligence, which in & of itself could make trillions of dollars worth of GDP growth during the forecast period. As these kinds of inventive skills help industries create new products & services & discover ways to improve supply chains & simplify operations, the demand for data centers will endure to flourish.
Data Center Trends:
Key cloud companiessuch as Amazon, Facebook, Google, & Microsoft are pushing the limits of traditional data centers in the race to support cloud development. Cisco’s Global Cloud Index recommends the number of hyperscale data centers will touch 628 by the year 2021, up from 386 in the year 2017. Cisco further estimates that traffic within hyperscale data centers will account for 55 percent of entire traffic within all data centers by the year 2021.
The global modular UPS market is still in its developmentphase, with a lot of potential for saturationduring the forecast period. The consciousness level has been growingprogressively in the past5 years. Presently, it accounts for approximately 13 percent of the overall UPS market. From anarea perspective, North America is the major market for modular UPS systems, though it is only slightly ahead of China & Europe.
It is also notable that China is the only major country in the world for modular UPS income; it is also anticipated to be the fastest developing region over the forecast period. While modular UPS revenue in western areas are mainly driven by the data center sector, China’s revenue is spread through other end-user verticals, with a precisely strong government & infrastructure vertical.
Global Modular UPS Market Regional Overview:
North America region holds the major market share of global modular UPS market trailed by Europe &APAC region. The development is NA region is mostly dominated by United States& Canada & is attributed to the growing demand for data center applications &rising technological developments in the region. The North America region also has a well-established infrastructure which permitsexecution of progressive technologies. Necessity for additional & uninterrupted power supply is main factor driving the development of modular UPS market.
The report covers Large enterprises, Small and Medium-sized Enterprises, with detailed analysis Global Modular UPS Market with the classifications of the market on the, Services, Organization Size Vertical& region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.
The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw Types, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.
Global Modular UPS Market Scope: Inquire before buying
Global Modular UPS Market, By Region
• North America:
• Europe
• APAC
• Middle East & Africa
• South America
Global Modular UPS Market, Key Players:
• ABB Ltd.
• Delta Electronics Inc.
• Eaton Corporation Plc
• General Electric Co.
• Langley Holdings Plc
• Legrand SA
• Panduit Corp.
• Schneider Electric SE
• Toshiba International Corp.
• Vertiv Group Corp.
• Huawei
• IBM
• Siemens.
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