The Business Research Company’s Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Global Market Report 2023 evaluates data center low voltage (lv) or medium voltage (mv) power distribution market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global data center low voltage (LV) or medium voltage (MV) power distribution market is expected to grow from $2.85 billion in 2022 to $3.17 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The data center low voltage (LV) or medium voltage (MV) power distribution market is expected to reach $4.77 billion in 2027 at a CAGR of 10.8%.
The rising adoption of cloud computing is expected to propel the growth of the data center low voltage (LV) or medium voltage (MV) power distribution market going forward. Cloud computing distributes computer services such as storage, processing power, and software applications through the Internet. Cloud computing allows organizations to store and analyze massive quantities of data in centralized data centers, simplifying operations and decreasing the need for on-site servers that use a lot of electricity. This interconnection enables proactive changes, improved energy use, and sustainability, resulting in greener and more efficient data center power distribution systems. For instance, in December 2021, according to an article published by Eurostat, a Luxembourg-based statistics body for the European Union, 41% of organizations reported using cloud computing services in 2021, a 5-percentage point (pp) rise from 36% in 2020. Furthermore, Cloud computing was prevalent in big organizations, as 72% utilized it in 2021, a 7.0% increase over 2020. Therefore, the rising adoption of cloud computing will drive the data center low voltage (LV) or medium-voltage (MV) power distribution market.
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The data center low voltage (lv) or medium voltage (mv) power distribution market segments in the report are:
1) By Component: Hardware, Services
2) By Data Centre Sizes: Small And Medium-Sized Data Centers, Large Data Centers
3) By Application: Banking Financial Services And Insurance (BFSI), Colocation, Energy, Government, Healthcare, Manufacturing, IT (Information Technology) And Telecom, Other Applications
The table of contents in TBRC’s data center low voltage (lv) or medium voltage (mv) power distribution market report includes:
- Executive Summary
- Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Characteristics
- Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Trends And Strategies
- Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market – Macro Economic Scenario
- Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Segmentation
- Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Regional And Country Analysis
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- Brazil Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market
- Middle East Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market
- Africa Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market
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