The market research report for the Data Center Power market includes a prediction for the years up to 2029 as well as in-depth information on the market’s size, rate of growth, revenue, trends, and potential. Also carefully analysed are the main variables affecting the development of this sector. This study involved a thorough quantitative examination of the market, and the findings can be used to inform the creation of growth- and productivity-boosting measures.
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Data Center Power Market Overview:
Focusing on the most recent drivers, restraints, and opportunities for the Data Center Power industry, the in-depth company firm’s study is on the Data Center Power market. Discussions with eminent businesses follow to confirm the results. In the secondary review and analysis of the same, both paid and unpaid data sources are utilised. Data on each player’s supply and consumption are assembled using official government sources, independent data sources, and, in the case of publicly traded firms, financial reports of the company. Even if financial documents from businesses are not made available to the general public, the tax division of the local government may be able to obtain them.
Data Center Power Market size was valued at US$ 20.32 Bn. in 2021 and the total revenue is expected to grow at 6.5% of CAGR through 2022 to 2029, reaching nearly US$ 33.62 Bn.
COVID-19 Impact:
The analysis examines the existing and potential impacts of the COVID-19 pandemic on the entire market and delivers more accurate and true estimates in accordance with the market scenario. The world is in anguish due to the coronavirus outbreak. Almost every country has had strict social segregation laws in place, like lockdowns. This has caused disruptions in supply systems. The epidemic has altered societal structures all across the world. The market as a whole is affected by the COVID-19, and as that impact increases in 2019 and 2020, so does the rate of growth. In order to provide decision-makers with reliable data and experiences, businesses and organisations are being compelled by the COVID-19 tragedy to manage risk and digitise operations. This is consistent with the most recent analysis, research, and recommendations from MMR on the management challenges that are crucial for businesses and organisations and have a substantial market impact.
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Data Center Power Market Key players:
• Tripp Lite
• Black Box Corporation
• Hewlett Packard Enterprise Company
• Cyber Power Systems, Inc.
• Abb Group
• Schneider Electric
• General Electric
• Eaton Corporation
• Delta Electronic Inc.
• Raritan Inc.
• Rittal Corporation
• Vertiv
• Huawei
Key company and market share insights:
The major competitors are listed here for audiences to learn about. The main strategic actions these businesses take to maintain market dominance are reviewed in this study, including product portfolio strengthening, M&A, partnerships, new, innovative products, and geographic penetration. In addition to critical financial information and current events, the report also provides the company’s goals. The companies’ global sales, earnings, and profit margins from 2017 through 2022 are also covered in more detail for users.
Data Center Power Market Dynamics:
Increasing need for intelligent PDUs to balance loads and supply rack power
Companies use sophisticated power management tools like intelligent rack power distribution units (PDU), smart uninterruptible power supplies (UPS), and battery monitoring systems to lower the power use efficiency (PUE) ratio and boost efficiency. During the forecast period, it is expected that this aspect will favour market expansion. Data center-driven technology and services have experienced unheard-of market growth. High computational power is needed for technologies like cloud computing, but they have advantages like improved scalability, efficiency, and flexibility of business operations. As a result, many medium-sized businesses now have efficient data centres like colocation and cloud web hosting facilities. Mega & cloud data centres are becoming more popular as a result of increased data centre utilisation. For peak data-intensive activities, these data centres need a lot of power, which raises the demand for UPS and PDUs.
Investment in Cloud and Colocation Services to boost Global Data Center Power Market
Due to the global spread of technology, there will be a blast in data during forecast period, which will raise the demand for processing and storing data and necessitate the development of both large & small data centres. Data generation has increased steadily as a result of the rollout of 4G and 5G networks, Industry 4.0 technology, and Internet of Things (IoT) devices. Additionally, faster 5G deployments encourage more data generation, which makes it possible to set up edge and micro data centres.
Companies in North America & Asia-Pacific (APAC) will invest in hyperscale and edge data centres, which will lead to strong growth in these regions. The race for technological leadership between China and the United States will fuel demand for and development of smart data centre technologies in both regions. Adoption of edge data centres will be fueled by the trend toward moving data processing closer to clients, while automation and artificial intelligence (AI) will boost productivity and lower operating costs for operators. cloud computing will surpass enterprise data centres in terms of investment, with enterprise data centres still making up a significant share of data centre expenditure.
Data Center Power Market Segment:
Based on product, Data Center Power market has been segmented into UPS, PDU, busway, and other. UPS led the market in the year 2021. The installation of this product has been driven by the growing use of cloud computing and the demand for sensitive and pervasive data. The growth of data center power market has also been aided by the use of portable UPS systems in applications like Software as a Service (SaaS), high-performance computing, online gaming, and online media streaming.
The PDU market is expected to grow at a CAGR of about 8.4% during the forecast period. The demand for intelligent power distribution systems, which is on the rise, is the key factor driving the expansion. Over the last few years, businesses have begun to replace basic multi-socket racks with server and network equipment with intelligent PDUs. The ability to measure distributed electrical characteristics and recognize environmental elements like humidity and temperature is exhibited by intelligent power distribution devices. Additionally, these devices allow a thorough view of the circumstances inside a data centre rack and offer information to the administrators and operators of the data centre, enabling fault diagnosis and the implementation of suitable energy-saving measures.
Vertical Segment: The data centre power market is segmented by Vertical into IT and telecommunications, government, energy, healthcare, retail, and other. BFSI stands for banking, financial services, and insurance. By the end of 2030, the IT and telecoms sector is expected to increase to a value of over USD 2.5 billion, making it the fastest-growing industry. During the forecast period, the demand is expected to be driven by the significant acceleration in IT infrastructure development and construction. Furthermore, data storage facilities are needed to manage the massive volume of data generated by the increasing telecommunication infrastructure. In IT and telecommunication facilities, dependability, energy use, and maintenance are also crucial factors. In the upcoming years, it is projected that this element will fuel growth. One of the primary factors contributing to the rising demand for BFSI services is the growing emphasis on digitization. Furthermore, to increase banking capabilities, the sector has moved its focus to cloud computing and cloud networking, creating a tremendous demand for data centres. During the forecast period, this element is expected to fuel market growth.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
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