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Based on application, the data center UPS market is segment into colocation, BFSI, energy, government, healthcare, manufacturing, IT & telecom. The IT & telecom industry held over 20% market share in 2022 and is projected to grow significantly over period of time. Growing data traffic and storage requirement in the IT & telecom sector has increased the demand for data center UPS. With the growing demand for data storage and processing, data centers require reliable power solutions to handle increasing data loads. UPS systems ensure the availability of power to data center infrastructure, supporting the efficient handling and storage of data.
With respect to the component, the data center UPS market is divided into solution and services segments. The solution segment held around 60% market share in 2022. Enhanced efficiency and improved reliability offered by data center UPS solutions favor their adoption. Modern UPS solutions are designed with energy efficiency in mind. They incorporate high-efficiency components, power management features, and advanced energy-saving modes. UPS systems optimize power usage, reduce energy waste, and contribute to lower operating costs. They also help organizations meet sustainability goals by minimizing carbon footprint and energy consumption.
North America held around 35% market share in 2022 and expected to expand significantly through 2032. Rapid expansion of cloud infrastructure is contributing to regional growth. Moreover, the flourishing IT & telecom industry is further positively impacting the industry landscape in North America. The region is also home to leading market players such as General Electric, Clary Corporation, Belkin International, Inc., and others constantly innovating new products, thus, streamlining market expansion.