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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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HUYA Inc. to Report Third Quarter 2026 Financial Results on Tuesday, November 17, 2026

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-Earnings Webinar Scheduled for 5:00 a.m. ET on November 17, 2026-

GUANGZHOU, China, Oct. 27, 2026 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game-related entertainment and services provider, today announced that it will report its third quarter 2026 unaudited financial results on Tuesday, November 17, 2026, before the open of U.S. markets.

The Company’s management will host a Tencent Meeting Webinar at 5:00 a.m. U.S. Eastern Time on November 17, 2026 (6:00 p.m. Beijing/Hong Kong time on November 17, 2026), to review and discuss the Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration

A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.

[1] For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People’s Republic of China, and Taiwan.

About HUYA Inc.

HUYA Inc. is a leading game-related entertainment and services provider. Huya delivers dynamic live streaming and video content and a rich array of services spanning games, e-sports, and other interactive entertainment genres to a large, highly engaged community of game enthusiasts. Huya has cultivated a robust entertainment ecosystem powered by AI and other advanced technologies, serving users and partners across the gaming universe, including game companies, e-sports tournament organizers, broadcasters and talent agencies. Leveraging this strong foundation, Huya has also expanded into innovative game-related services, such as game distribution, in-game item sales, advertising and more. Huya continues to extend its footprint in China and abroad, meeting the evolving needs of gamers, content creators, and industry partners worldwide.

For more information, please visit: https://ir.huya.com.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-757-6681-1975
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/huya-inc-to-report-third-quarter-2026-financial-results-on-tuesday-november-17-2026-302920241.html

SOURCE HUYA Inc.

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MEXC and Hacken Launch AI Trading Safety Handbook to Promote Safer AI Adoption

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MUTSAMUDU, Comoros, Oct. 27, 2026 /PRNewswire/ — MEXC, a pioneer in 0-fee digital asset trading, and blockchain security, compliance, and regulatory assurance partner Hacken, have released the MEXC × Hacken AI Trading Safety Handbook, providing practical guidance on how users and platforms can use and deploy AI-assisted and automated trading tools more safely, from research and decision support through trade execution.

The handbook follows the recent MEXC AI Trading Report, which found strong interest in AI alongside clear demand for greater control. In MEXC’s 2026 survey, willingness to use automated trading rose from 55% to 71.8% when limits on funds, positions, leverage and losses were introduced.

As AI takes a more active role in trading, the handbook emphasizes that safety cannot rely on the AI model alone. AI-facilitated actions should be checked against separate permissions, financial limits and risk controls before execution. It covers risks including credential exposure, excessive permissions, manipulated data and unintended execution, while outlining practical safeguards for both users and platforms.

For users, the handbook sets out five safety checks: Ask, Verify, Limit, Control and Review. For platforms, it outlines five principles: Guard, Limit, Approve, Controls and Test. Together, they provide a practical framework for expanding the use of AI while keeping appropriate controls in place.

“AI can make trading more accessible and efficient, but greater capability should come with stronger safeguards,” said Vugar Usi Zade, CEO of MEXC. “At MEXC, we want users to benefit from innovation, while taking a measured approach to AI adoption. Our People First principle means giving users access to new capabilities without losing sight of control, transparency and risk.”

“AI agents will soon place more orders than people do. Trust in them should be earned the way smart contracts earned it: through independent controls, continuous red-teaming and evidence anyone can verify,” said Dyma Budorin, CEO and co-founder of Hacken. “This handbook is intended to raise awareness of those risks and provide practical support for both users and platforms. As adoption grows, platforms will need to test these safeguards continuously and strengthen them as new risks emerge.”

MEXC and Hacken hope the handbook can serve as a practical reference for users and platforms as AI becomes more deeply integrated into trading, helping raise risk awareness and support safer, more responsible adoption across the industry.

About MEXC

Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.

With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.

MEXC Official Website| X | Telegram |How to Sign Up on MEXC

About Hacken

Hacken is a security and assurance partner for financial institutions and the infrastructure they rely on: exchanges, ecosystems, custodians, banks, asset managers, and tokenization platforms. Hacken’s AI security work includes AI agent security audits and red-teaming of AI systems.

Founded in 2017, Hacken has 60+ engineers and more than 1,500 clients across industries, including the European Commission, ADGM, Ethereum Foundation, Societe Generale-Forge, MetaMask, and Bybit.

Hacken website | X | LinkedIn

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SOURCE MEXC

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Renoworks Appoints SaaS Sales Executive Madan Murthy as Vice President of Sales

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Strategic appointment strengthens enterprise sales capabilities to accelerate growth and market adoption of renoworks.ai

CALGARY, AB, Oct. 27, 2026 /PRNewswire/ — Renoworks Software Inc. (TSXV: RW) (OTC: ROWKF) (“Renoworks” or the “Company”), an industry leader in AI-powered visualization, design and lead-generation technology for the building products industry, today announced the appointment of Madan Murthy as Vice President of Sales. The appointment supports initial positive feedback from existing clients of renoworks.ai, which now requires more sales resources to move faster.

Mr. Murthy brings more than 25 years of experience building and scaling business-to-business technology and Software-as-a-Service (SaaS) organizations, with a demonstrated track record of accelerating revenue growth, acquiring enterprise customers and developing high-performing sales organizations across international markets.

The appointment comes as Renoworks enters a new phase of growth following the launch of renoworks.ai, its next-generation AI-native platform combining photorealistic visualization, product intelligence, homeowner engagement, lead generation and data analytics. The Company believes this expanded offering creates significant opportunities to deepen relationships with existing customers and attract new manufacturers, distributors, retailers and contractors seeking to leverage AI to improve customer engagement and drive sales.

“The launch of renoworks.ai represents an important step forward in our growth strategy, and we believe the opportunity to expand our market presence has never been greater,” said Doug Vickerson, Chief Executive Officer of Renoworks. “Following recent introductions of these new capabilities to the building products industry, it is evident that it is now time to strengthen our enterprise sales organization. Madan brings extensive experience scaling SaaS businesses, winning major enterprise accounts and building repeatable sales processes. His proven ability to translate innovative technology into sustainable revenue growth makes him an excellent addition to our leadership team.”

Throughout his career, Mr. Murthy has contributed to significant revenue growth across multiple technology organizations. His accomplishments include helping scale a business from $50 million to $225 million in revenue while increasing new-customer opportunity-to-close rates from 8% to 35% and improving customer retention to 98%. He has also helped grow an early-stage software company’s SaaS business to $25 million in recurring revenue, secured Fortune 500 customers and built and led a 30-person international sales organization spanning North America, Europe and Asia-Pacific.

In his new role, Mr. Murthy will focus on expanding Renoworks’ enterprise customer base, developing new market opportunities and accelerating adoption of renoworks.ai. He will work closely with the Company’s existing business development, marketing and customer success teams to strengthen its sales pipeline, enhance go-to-market execution and support long-term recurring revenue growth.

“I am excited to join Renoworks at such an important stage in its evolution,” said Madan Murthy, Vice President of Sales. “The combination of Renoworks’ established relationships across the building products industry, deep product expertise and its new AI-native platform creates a compelling opportunity for growth. I look forward to working with the team to expand our enterprise presence, develop new customer relationships and help bring the benefits of renoworks.ai to a broader market.”

About Renoworks

Renoworks Software Inc. (TSXV: RW) (OTC: ROWKF) develops and markets AI-powered software solutions for the home remodeling and new home construction industries. The Company provides manufacturers, contractors, builders and retailers with innovative digital solutions that help homeowners visualize building products on their homes, make more informed purchasing decisions and connect with industry professionals.

Through its next-generation renoworks.ai platform, the Company is expanding beyond traditional visualization to deliver advanced AI-driven design capabilities, product intelligence, lead generation, data analytics and integrated sales workflows. These solutions help industry participants enhance customer engagement, streamline the remodeling process and increase sales opportunities.

Renoworks generates revenue through its primary business lines, including Renoworks Enterprise, Renoworks PRO, Renoworks Design Services and Renoworks API.

For more information, visit www.renoworks.com and www.renoworkspro.com.

Forward Looking Information

Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the Company to enhance operating results, expand adoption of its AI-powered platform and introduce new software capabilities, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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SOURCE RenoWorks Software Inc.

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