In 2021, China's digital economy continues to develop strongly, with many core industries of the digital economy, such as electronic information manufacturing, software and IT services, maintaining rapid growth. The new generation of IT deeply enabling industries and enterprises undergoing digital transformation, promote the rapid development of computing infrastructure, including data centers, and also drive the development of UPS market. In 2021, China's UPS market scale reached 8.47 billion yuan, with a year-on-year growth rate of 13.5%. In 2021-2024, the UPS market in China will maintain a compound growth rate of 19.7% under the influence of new infrastructure construction and the comprehensive promotion of the project of "counting from east to west"
It will reach 14.54 billion yuan by 2024.
In 2021, the scale of medium and small-power UPS Battery below 20kVA in China reached 2.23 billion yuan, and the market size of high-power UPS Battery between 20 kva-200 kva declined to 26.8%. As the demand for data storage, computing, and application increases dramatically, traditional data centers are accelerating their integration with networks and cloud computing, and evolving into new data centers. In line with this trend,UPS power supplies and servers are developing in the direction of high-density, and the proportion of oversized ups power supplies with more than 200kVA power increases rapidly. In 2021, the sales volume of oversized UPS Battery with more than 200kVA in China reached 3.97 billion yuan, accounting for 46.9%. In terms of power segment, the power supply scale of China's small and medium power ups reaches 2.23 billion yuan. Although small and medium power units still rank last in terms of power segment, the growth rate of this power segment is more than 120% in 2021. Accordingly, the market size of 20kVA200kVA high-power UPS Battery declined to 26.8%. With the promotion of the construction and layout of new data centers around the country, data centers will continue to develop towards the direction of high computing power and high-density, and it is expected that the proportion of UPS power above 200kVA will maintain an increasing trend in the future.
