According to the UnivDatos, the rising investment in IT sector and increasing demand for constant power in the healthcare sector will drive the global demand of the Uninterruptible Power Supply market and as per their “Uninterruptible Power Supply Market” report, the global market was valued at USD 10.7 Billion in 2022, growing at a CAGR of 3.4% during the forecast period from 2023 - 2030 to reach USD 14.0 Billion by 2030.  

UPS stands for Uninterruptible Power Supply, which is a device that maintains power in the event of a failure, such as a power outage or drop in voltage. A UPS typically includes a battery that is kept charged and ready to supply power when needed. The main purpose of a UPS is to ensure that a computer or other electrical devices can continue to operate for at least a short time when incoming power is interrupted.

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Rising Data Center Sector: America leading the IT server race

According to CloudScene data, as of January 2021, there were nearly 8,000 data centers globally. Among these countries, six houses a majority of data centers: the United States (33 percent of the total), the UK (5.7 percent), Germany (5.5 percent), China (5.2 percent), Canada (3.3 percent), and the Netherlands (3.4 percent). 77 percent are located in OECD member states, and approximately 64 percent are in NATO countries.

USA is the Leader in the Number of Data Centers Worldwide

In the United States, there are over 2,600 data centers spread across the country. While northern California is known as the location for many data-intensive firms (Google, Facebook, Uber, Twitter, Yelp, for example), Dallas currently has the highest number of data centers (149). This is followed by the Bay Area (147), and Los Angeles (139). Interestingly, U.S. data centers are located over a wide variety of jurisdictions, reflecting the wide use of data throughout the U.S. economy.

Nearly every U.S. state contains at least 1 data center. Data center operators are also diversified in the United States: the top 5 data center operators (Lumen Technology, Verizon, Digital Realty, AT&T, and Equinix), constitute about 25.9 percent of total U.S. data centers.

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Conclusion

The key drivers of growth in the UPS market include the rising adoption of strategies by key players, increasing demand for backup power sources to protect critical infrastructure, and the growing need for consistent power supply in various sectors such as data centers, telecommunications, medical, industrial, and marine applications. The market is also influenced by factors such as rapid technological advancements, innovation, and government initiatives. All these factors will act as a catalyst in the growth of the UPS market during the forecast period.

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