by The rack mount UPS market consists of network compatible Uninterruptible Power Supply (UPS) systems designed in standardized rack-mounted form factors to provide reliable power backup to mission critical networking and server equipment installed in data centers and telecommunication networks. Rack Mount UPS systems ensure continuous power availability during power disturbances and outages, thereby protecting sensitive electronic equipment and data from loss or corruption.
The Global Rack Mount UPS Market Size is estimated to be valued at US$ 3.44 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for rack mount UPS systems from growing data center industry has been a key factor driving market growth over the past few years. With the growing reliance on cloud based applications and services coupled with proliferation of IoT devices, the amount of data being generated worldwide has seen tremendous growth. This has necessitated establishment of larger hyper-scale data centers for storage, processing and management of massive volumes of data. Rack mount UPS systems are critical components installed in data centers to ensure uninterrupted power supply to server racks handling mission critical data and workloads. The robust expansion of data center industry particularly in emerging economies is expected to continue boosting demand for rack mount UPS systems during the forecast period.
SWOT Analysis
Strength: Rack Mount UPS offer high reliability and efficiency for critical power applications. They provide stable sine wave output with long backup time.
Weakness: Rack Mount UPS have high initial investment cost compared to tower and modular UPS. They also require dedicated rack space that increases the footprint.
Opportunity: Growing adoption of high performance computing devices and data centers is creating demand for high power rack mount UPS systems. Increasing reliability needs of telecom networks also presents an opportunity.
Threats: Growing preference for lithium-ion UPS due to their higher efficiency can hamper the growth of rack mount UPS market. Increasing popularity of modular and scalable UPS is another threat.
Key Takeaways
The global Rack Mount UPS market is expected to witness high growth over the forecast period of 2024 to 2031. The global Rack Mount UPS Market is estimated to be valued at US$ 3.44 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.
The North America region currently dominates the rack mount UPS market holding around 35% of the global share in 2024. This is attributed to high installation of data centers, increasing computing needs, and growing focus on reducing downtime in critical operations.
Key players
Key players operating in the rack mount UPS market are Johnson & Johnson Services Inc., AbbVie Inc., Takeda Pharmaceutical Company Ltd., UCB Pharma S.A., Pfizer Inc., Bristol Myers Squibb Co., Roche Holding AG, GlaxoSmithKline Plc, Eli Lilly & Company, and Novartis International AG. The major players focus on new product launches and partnerships with system integrators to gain higher market share.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
