The demand for modular UPS market is driven by various factors, such as reduced Total Cost of Ownership (TCO), surging demand for colocation facilities, scalability, and simplified installation and integration of new modules.
Northrook, IL -- (SBWIRE) -- 10/31/2019 -- Enterprises all across the globe are adopting modular UPS systems with various power range capacities to meet the business requirements for higher efficiency, power capacity scalability, and easy maintenance. Modular UPS systems are one of the most efficient and emerging solutions for achieving efficient power management and continuous power availability. The Modular UPS Market size expected to grow from USD 966.0 million in 2017 to USD 1,741.9 million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176385588
How modernization of aging data centers opens a good opportunity?
The rise in data generation and the need to improve the performance of data centers have increased the need for renovating the old data centers. These renovations include the enhancement of the infrastructure that supports the load of IT requirements, improvements in the available space and power, and improvements in the overall reliability of the data center facilities. Enterprises are renovating the data centers, as it costs lesser than building new data centers. In addition, it also eliminates short-term issues, such as power shortages, space limitations, and cooling constraints. The increase in the number of data center renovations is expected to boost the growth of the modular UPS market. Renovating the data centers with modular UPS systems would offer various benefits to end-users, such as reliability, adaptability and scalability, and energy and cost efficiency. Such factors have offered great opportunities to the modular UPS providers for expanding their businesses in the modular UPS market.
Why increased risk of single point of failure acts as a challenge?
Every module in the modular UPS systems needs to be equipped with function blocks, unlike the traditional standalone UPS systems. A single point of failure in the functional component would reflect on all the modules of the rack, such as the battery bank, control and display units, and transfer switches, resulting in complete output failure. In the modular UPS, the entire rack may serve as single UPS and a critical component failure in the parallel modules may cause complete output breakdown. Hence, the challenge of single point of failure is expected to be restricting the adoption of modular UPS systems among the end-users.
The manufacturing vertical is expected to gain the highest traction in the modular UPS market during the forecast period. The enterprises in this vertical need to maintain the power supply to huge machinery, further resulting in recurring and increasing costs. All these factors are compelling the manufacturing vertical to adopt modular UPS systems as a reliable backup. Manufacturing industries are experiencing a high need for modular UPS systems that will help them achieve continuous power supply in case of power failures, power surges, and undervoltage.
Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=176385588
Asia Pacific (APAC) is expected to be the fastest-growing region in the modular UPS market during the forecast period. This region is in need of more cost-effective, secure, reliable, and efficient modular UPS systems. The technological advancements in APAC with the increasing trend toward power range solutions provide added benefits to the modular UPS market. The APAC region is expected to experience extensive growth opportunities during the forecast period.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org