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Data Center Ups Market size is set to grow by USD 6.73 billion from 2024-2028, increase in adoption of modular ups systems to boost the market growth, Technavio

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NEW YORK, June 19, 2024 /PRNewswire/ — The global data center ups market  size is estimated to grow by USD 6.73 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 12.83%  during the forecast period.  Increase in adoption of modular ups systems is driving market growth, with a trend towards use of lithium-ion ups systems. However, ups battery failure  poses a challenge. Key market players include ABB Ltd., Centiel Global, Cyber Power Systems Inc., Delta Electronics Inc., Eaton Corp. Plc, Enconnex LLC, EverExceed Corp., Fuji Electric Co. Ltd., General Electric Co., Hewlett Packard Enterprise Co., Hitachi Ltd., HITEC Power Protection BV, Kohler Co., Legrand SA, Mitsubishi Electric Corp., RPS Spa, Schneider Electric SE, SolarEdge Technologies Inc., Toshiba Corp., and Vertiv Holdings Co..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Centralized UPS, Zone UPS, and Rack-mount UPS), Application (Tier 3 data center, Tier 1 and 2 data center, and Tier 4 data center), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Centiel Global, Cyber Power Systems Inc., Delta Electronics Inc., Eaton Corp. Plc, Enconnex LLC, EverExceed Corp., Fuji Electric Co. Ltd., General Electric Co., Hewlett Packard Enterprise Co., Hitachi Ltd., HITEC Power Protection BV, Kohler Co., Legrand SA, Mitsubishi Electric Corp., RPS Spa, Schneider Electric SE, SolarEdge Technologies Inc., Toshiba Corp., and Vertiv Holdings Co.

Key Market Trends Fueling Growth

Data centers rely on Uninterruptible Power Supply (UPS) systems to ensure business continuity during power outages. Traditional lead-acid batteries, while effective, require frequent monitoring and replacement every three to five years. Flywheel-based UPS systems are an alternative, but their shorter backup time is a concern. Lithium-ion batteries offer longer backup time, minimal maintenance, and smaller footprint, with a lifespan of nearly ten years. However, their higher cost has hindered widespread adoption. Prices have dropped significantly since 2015, making lithium-ion batteries increasingly popular for UPS systems, driving market growth. 

The Data Center Ups market is experiencing significant growth due to the increasing demand for reliable power solutions. Power solutions such as Converters, Batteries, and Inverters are in high demand to ensure uninterrupted power supply in data centers. The use of advanced technologies like UPS Systems and Symmetrical Multi-Level Converters is becoming more common. The adoption of these technologies is driven by the need for higher efficiency, longer backup times, and improved reliability. Additionally, the trend towards cloud computing and the increasing use of IoT devices in data centers is further fueling the growth of the Data Center Ups market. The market is expected to continue growing in the coming years as businesses prioritize the need for uninterrupted power supply to support their digital operations. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Data centers face significant challenges from UPS battery failures, causing approximately 55% of downtime and potential losses of up to USD500,000 per hour. Manufacturers claim a ten-year battery lifespan, but external factors like temperature inconsistencies, overcharging, and frequent discharge cycles can shorten it. Inefficient UPS systems and lack of maintenance exacerbate the issue. To mitigate these risks, data centers must invest in modern, reliable UPS systems and commit to regular battery maintenance.In the Data Center industry, up time is a critical metric for success. However, achieving and maintaining high up time can be challenging. Factors such as power outages, cooling system failures, and network interruptions can cause downtime. Additionally, the increasing complexity of data centers, with their interconnected systems and dependencies, makes it harder to identify and address issues before they cause outages. Furthermore, the demand for more processing power and storage capacity puts pressure on data centers to scale up quickly and efficiently, adding to the complexity. These challenges require innovative solutions and continuous improvement to ensure reliable and efficient data center operations.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This data center ups market report extensively covers market segmentation by

Product 1.1 Centralized UPS1.2 Zone UPS1.3 Rack-mount UPSApplication 2.1 Tier 3 data center2.2 Tier 1 and 2 data center2.3 Tier 4 data centerGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Centralized UPS-  Data centers are essential infrastructure for businesses, ensuring uninterrupted access to digital services. The data center ups market caters to this need by providing uninterruptible power supply systems. These systems prevent power outages and maintain optimal operating conditions for data centers. The market’s growth is driven by the increasing reliance on digital services and the need for businesses to ensure data availability and security. Companies invest in ups systems to protect their critical IT infrastructure and maintain business continuity. The market is expected to grow steadily due to these factors.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

In the digital age, data center reliability is paramount for businesses, particularly in evolving economies and the remote working culture. Power interruptions can lead to significant downtime and financial losses for critical facility customers. UPS systems, utilizing uninterrupted power supply technologies such as copper, aluminum, and lead batteries, play a crucial role in mitigating power interruptions. Edge computing and IoT implementations also benefit from UPS systems, ensuring efficiency and scalability. Remote monitoring and control solutions enable real-time adjustments to power usage, reducing operating costs and carbon footprint. AI and cloud infrastructure integration further enhance UPS system capabilities, ensuring flexibility and safety for SMEs and large enterprises alike. Backup power solutions offer safety and peace of mind, ensuring business continuity during power outages. The market for UPS systems continues to grow, driven by increasing IT spending and the need for uninterrupted power and reliability.

Market Research Overview

The Data Center Ups Market refers to the industry that provides Uninterruptible Power Supply solutions for data centers to ensure the continuous operation of critical IT infrastructure. These systems protect against power interruptions caused by power outages, voltage fluctuations, and power surges. The market is driven by the increasing demand for data center capacity and the need for businesses to ensure business continuity. The market also benefits from advancements in technology, such as lithium-ion batteries and fuel cells, which offer higher efficiency and longer runtimes. Additionally, the growing adoption of cloud computing and edge computing is expected to fuel market growth. The market is segmented by solution type, such as online UPS systems and offline UPS systems, and by application, such as telecommunications, banking, and IT services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCentralized UPSZone UPSRack-mount UPSApplicationTier 3 Data CenterTier 1 And 2 Data CenterTier 4 Data CenterGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Eddid Financial Honored with “Professional Services Award in RWA” by HKCT Highlighting its Leading Edge in Web3 and Digital Assets

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HONG KONG, May 4, 2026 /PRNewswire/ — Eddid Financial (the “Group”) has won the “Professional Services Award in RWA” at the HKCT Business Awards, hosted by the Hong Kong Commercial Times. The award recognizes the Group’s exceptional professional service capabilities and innovative achievements in the Real-World Assets Tokenisation (“RWA”) sector. This prestigious honor serves as a strong industry endorsement of the Group’s dedicated efforts in the RWA space, affirming its leadership in bridging traditional and digital finance while injecting significant momentum into Hong Kong’s digital asset market.

The HKCT Business Awards evaluates candidates based on four core criteria: corporate achievements, market competitiveness, brand philosophy, and professional standing. As one of the most credible and influential business awards in Hong Kong, it aims to recognize outstanding enterprises across various sectors for their performance over the past year, encouraging companies to continuously enhance their core competitiveness and pioneer innovative economic directions. During this year’s selection process, the judging panel conducted a comprehensive assessment of Eddid Financial’s compliance infrastructure, innovative services, and industry contributions within the RWA sector, highly commending the Group’s professional strength and forward-looking vision in asset tokenisation.

Compliance-Driven: Building a Full-Chain Service Ecosystem

As a licensed pioneer in Hong Kong’s RWA landscape, Eddid Financial has consistently relied on compliance as its foundation and innovation as its driving force. Having deeply cultivated the digital asset space for years, the Group has established a full-chain professional service ecosystem that encompasses asset screening, product design, compliance auditing, and distribution operations. Eddid Securities and Futures, a subsidiary of the Group, became one of the first brokerages in Hong Kong to upgrade its licenses in September 2023. It subsequently secured further upgrades for its Type 1 and Type 9 regulated activity licenses, making it one of the few institutions authorized to distribute tokenised securities and RWA products. This regulatory milestone has laid a solid, compliant foundation for the Group’s RWA business operations.

Successful Launch of Landmark Precious Metal RWA Projects

In terms of practical application, Eddid Financial has actively spearheaded the launch of several landmark RWA projects, setting a new benchmark for the industry. Notably, the Group partnered with Timeless Resources Holdings Limited (8028.HK) and HashKey Chain to introduce Hong Kong’s first silver RWA project. By leveraging blockchain technology to tokenise physical silver assets, each digital coin is backed 1:1 by one ounce of physical silver, strictly held by an independent trustee. This initiative not only lowers the barrier to entry for precious metal investments but also enhances asset liquidity. The project’s product design and issuance framework received a “no further comment” reply from the Hong Kong Securities and Futures Commission (SFC), demonstrating the highest standard of compliance.

Concurrently, the Group has collaborated with CAC Fintech to advance China’s first agricultural RWA project. By converting agricultural products, land management rights, and future agricultural revenue rights into on-chain digital certificates, this project addresses critical pain points such as poor liquidity and low financing efficiency in agricultural assets. Furthermore, it supports the national rural revitalization strategy and explores novel pathways for the innovative integration of agricultural assets with financial markets.

Leading the Upgrade of the Regional RWA Industry

Beyond launching landmark projects, Eddid Financial continues to drive the ecosystem construction and market development of the RWA sector. The Group’s research department published the “Core Guide to RWA: From Basic Theory to Global Practice,” sharing its leading experience in asset tokenisation to help establish industry standards. Simultaneously, the Group has built a tripartite development model encompassing “Technology + Compliance + Ecosystem”. Internally, it has assembled a dedicated fintech team to advance underlying technologies; externally, it connects core stakeholders, including asset holders, investors, and licensed exchanges, to form a comprehensive RWA service ecosystem that provides clients with all-encompassing, one-stop professional services.

Looking ahead, Eddid Financial will continue to leverage its comprehensive licensing advantages, expert service teams, and robust technical support to drive the digital transformation of a diverse range of real-world assets. The Group is committed to delivering highly flexible, efficient, and compliant RWA services to its clients while actively supporting the standardized and international development of Hong Kong’s digital asset market, thereby cementing Hong Kong’s status as a premier global digital finance hub.

View original content:https://www.prnewswire.com/apac/news-releases/eddid-financial-honored-with-professional-services-award-in-rwa-by-hkct-highlighting-its-leading-edge-in-web3-and-digital-assets-302760892.html

SOURCE Eddid Financial

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Elevate Appoints Wade Clark as Chief Growth Officer

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Industry veteran to lead organic growth strategy across Elevate’s national platform

LOS ANGELES, May 3, 2026 /PRNewswire/ — Elevate, a national operator-led accounting and advisory platform, today announced the appointment of Wade Clark as Chief Growth Officer. Clark brings more than 30 years of experience building and leading sales organizations at top U.S. accounting and consulting firms, including Moss Adams (now Baker Tilly), BKD (now Forvis Mazars), Carr Riggs & Ingram, BDO USA, and Ernst & Young.

In this role, Clark will lead organic growth across Elevate’s partner firms, building a unified, data-driven growth function that complements the platform’s active M&A strategy and deepens advisory relationships firmwide.

Most recently, Clark spent nine years at Moss Adams, where he built and scaled the sales coaching function supporting 1,000+ partners, directors, and senior managers across 45 practices in a $1.3 billion firm. Earlier, as Chief Growth Officer at Carr Riggs & Ingram, he built the firm’s first growth function and helped drive revenue from $70 million to $100 million in three years. At BKD, he played a central role in the firm’s expansion from $190 million to $400 million, primarily through organic growth. He is the author of Meaningful Success in Business as well as Simplifying Complex Sales, reviewed by Accounting Today as one of the best books on selling professional services.

“Wade has built and led growth organizations at scale, and he knows what it takes to drive consistent, measurable results across a distributed partnership,” said Sanjay Agarwal, CEO and Founder of Elevate. “As we continue to execute on both M&A and organic growth, Wade’s ability to bring structure, accountability, and rigor to revenue generation will be a meaningful differentiator for our partner firms and their clients.”

“What attracted me to Elevate is the clarity of vision and the commitment to building a true operating platform — not just a collection of firms,” said Clark. “The opportunity to architect a scalable growth engine across a national footprint, alongside partner firms who are already leaders in their markets, is incredibly compelling.”

Clark is based in Houston, Texas, and holds a Bachelor of Business Administration in Marketing from Texas A&M University.

About Elevate

Elevate is a national accounting and advisory platform built by operators. The firm partners with leading CPA firms to provide the technology, infrastructure, and strategic support needed to drive sustainable growth, enhance client service, and unlock long-term value. Elevate’s operator-led model preserves firm autonomy while delivering the scale, talent, and technology of a unified platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/elevate-appoints-wade-clark-as-chief-growth-officer-302759917.html

SOURCE Elevate LLC

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Meiyume (Group) LTD Achieves EcoVadis Gold Rating for 2026, Reinforcing Commitment to Sustainable Beauty

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HONG KONG, May 4, 2026 /PRNewswire/ — Meiyume (Group) LTD has achieved the EcoVadis Gold rating for 2026, with the company being in the 96th percentile globally and among the top-performing companies for sustainability.

EcoVadis evaluates companies across environment, labour and human rights, ethics, and sustainable procurement. The Gold rating reflects Meiyume’s strong performance and continued commitment to embedding sustainability across its supply chain.

A supplier’s commitment to sustainability is increasingly important to brands, as they work to meet rising regulatory requirements and evolving consumer expectations for transparency and responsible practices. In this landscape, choosing the right partners is essential. Partners like Meiyume play a key role in enabling more responsible, future-ready solutions while helping to strengthen sustainability standards across the supply chain.

A Holistic Sustainability Strategy: Meiyume’s 5Ps Framework

Meiyume’s sustainability approach is guided by its 5Ps framework: Product, Process, Places, People, and Principle, ensuring a comprehensive integration across the business:

Product – Advancing sustainable innovation in formulations and packaging

Process – Strengthening responsible sourcing and supply chain practices

Places – Enhancing operational efficiency and environmental performance

People – Fostering an inclusive and supportive workplace

Principle – Upholding strong governance and compliance standards

Sustainability as an Ongoing Journey

While the EcoVadis Gold rating marks an important milestone, Meiyume views sustainability as an ongoing journey. The company remains committed to strengthening its sustainability performance and supporting beauty and personal care brands in achieving their sustainability goals.

About Meiyume:

Formerly LF Beauty, Meiyume offers end-to-end beauty solutions—packaging, ODM, OEM —grounded in sustainability and insights. Powered by it’s Beauty Intelligence Platform and a global sourcing network, Meiyume brings visions to life with agility, intelligence, and responsibility.

https://meiyume.com/
2/F HK Spinners Industrial Building, Phases I & II, 800 Cheung Sha Wan Road, Kowloon, Hong Kong

SOURCE Meiyume

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