Data Centre Power Market – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2027
Market Analysis
The global data center power market is predicted to grow at a 10% CAGR between 2020- 2027,
states the recent Market Research Future (MRFR) analysis. Data center power,
simply put, is a power solution for managing the PUE (power usage
effectiveness) and increasing the efficiency of data centers. Owing to its
alluring features and benefits, it has wide applications in retail, healthcare,
power and energy, government, BFSI, IT and telecommunication, and others.
Various factors are propelling the
global data center power supply market share. According to the recent MRFR
report, such factors include increasing construction of new data centers owing
to the burgeoning demand for data storage via organizations worldwide,
burgeoning rise in power consumption by data centers, and rising implementation
of data center power solutions by IT professionals and data center managers for
business continuity. Additional factors adding to the market growth include
growing urbanization, an increasing number of data centers, rapidly developing
IT infrastructure, growing use of OTT content services, rising need for high
power ratings, shift towards intelligent power managing products, development
and increasing use of modular data centers, and increasing power consumption of
data centers worldwide.
On the flip side, high initial
investments, complexity in data center designs, increasing raw material cost
and skilled labor, a slowdown in the semiconductor industry, and the current
COVID-19 impact are factors that may limit the global data center power market
growth over the forecast period.
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Market Segmentation
The MRFR report highlights an
inclusive segmental analysis of the global data center power market based on
end users, data center type, and components.
By component, the global data
center power market is segmented into service and solution. The solution
segment is again segmented into cabling infrastructure, uninterrupted power
supply (UPS), power distribution & backup solutions. The services segment
is again segmented into system integration, support and maintenance, training
and consulting, and others.
By data center type, the global
data center power market is segmented into enterprise size data center,
mid-size data center, and large size data center.
By end user type, the global data
center power market is segmented into retail, healthcare, power and energy,
government, BFSI, IT and telecommunication, and others.
Regional Analysis
Based on the region, the data
center power market report covers the growth opportunities and recent trends
across the Asia Pacific (APAC), North America, Europe, & Rest of the World
(RoW). Of these, North America is predicted to command the largest share in the
market over the forecast period. The presence of technologically advanced
enterprises, burgeoning demand for standardized and secure cloud data storage,
and the presence of top industry players are adding to the global data center
power market growth in the region. The US holds the utmost share in the
market.
The global data center power market
in the APAC region is predicted to have healthy growth over the forecast
period. The growing use of cloud services, implementation of advanced
technology in automotive, BFSI, and IT, and growing e-commerce companies are
adding to the global data center power market growth over the forecast
period.
The global data center power market
in Europe is predicted to have sound growth over the forecast period, and in
the RoW is predicted to have steady growth over the forecast period.
Key Players
Key players profiled in the global
data center power market report include HP Enterprise Company (U.S.),
Caterpillar Inc. (U.S.), Black Box Corporation (U.S.), CyberPower System
(Taiwan), Tripp Lite (U.S.), Server Technology, Inc. (U.S.), Rittal GmbH &
Co. KG (U.S.), Raritan Inc. (U.S.), Delta Power Solutions (Taiwan), Eaton
(Ireland), General Electric (U.S.), Schneider Electric (France), Emerson
Electric Company (U.S.), and ABB (Switzerland).
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Full Report @ https://www.marketresearchfuture.com/reports/data-centre-market-4721
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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