As per the recent study conducted by Market Research Future (MRFR), the global data center power market will soar at 10% CAGR during the forecast period (2017-2023). Data center power has emerged as a revolutionary technological tool for power management in data center. It allows to reach higher efficiency in power usage. The focus remains on introduction of power management solutions that are future-ready. Some of the latest versions come with smart UPS, intelligent rack PDU and power usage monitoring equipment to reduce the overall power consumption. Many of the companies that are operating in the global data center power market suich as Emerson Electic Company, General Electric, Schneider Electric, ABB are actively focusing on developing robust data center power management solutions. The arrival of modular UPS systems is viewed as a ground-breaking achievement. Data centers are adopting such systems to reduce interdependency.
There is a tremendous commercial interest in Data Center Power Market solutions owing to increased operations of data centers. These centers are coming up in various parts of the world. This is also creating a severe need for optimization of data centers. Cost and power are two of the most important aspects of data centers. A significant amount of effort is being made in optimizing power efficiency in data centers in order to reduce energy consumption and cut down operational expenses. Such factors are supporting the growth of the global data center power market.
Integration of data center power solution also eradicates discrepancies in power supply via UPS systems. Rampant digitization and boom in cloud computing has reflected favorably on the global data center power market. Moreover, increased internet penetration in developing countries and growing number of social media users are some of key factors that are making data centers extremely important. Many of businesses are now moving online to increase their overall presence and extend offshore operations. As a result, there is a necessity for large volumes of virtual storage systems and computing needs. Data centers offer cloud-based infrastructures that facilitates such computing operations.
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Data Center Power Market Competitive Landscape:
Some of the leafing market participants profiled in the MRFR’s report include Emerson Electric Company (U.S.), General Electric (U.S.), Delta Power Solutions (Taiwan), Rittal GmbH & Co. KG (U.S.), Tripp Lite (U.S.), Black Box Corporation (U.S.), HP Enterprise Company (U.S.), ABB (Switzerland), Eaton (Ireland), Server Technology, Inc. (U.S.), Schneider Electric (France), Caterpillar Inc. (U.S.), CyberPower System (Taiwan) and Raritan Inc. (U.S.)
Data Center Power Market Segmental Analysis:
This report also includes a detailed segmental analysis of the market based on data center type, component and end-user. By data center type, the market is segmented enterprise size data center, mid-size data center, and large size data center. By component, the market has been segmented into service and solution. The service segment is further sub-segment into consulting and training, system integration and support and maintenance. The solution segment is further sub-segmented into cabling infrastructure, uninterrupted power supply (UPS), power distribution, backup solutions and others. By end-user, the market has been segmented into retail, healthcare, power & energy, government, BFSI, IT & telecommunication and others.
Data Center Power Market: Regional Analysis
The market has been covered across regions such as Europe, North America, Asia Pacific, the Middle East and Africa. Currently, North America commands the largest market share and is likely to retain its dominant position over the forecast period. Rising concerns over energy consumption and growing IT requirements in the countries such as the U.S and Canada is supporting the growth of the market in North America.
Meanwhile, the market in Asia Pacific is projected to exhibit the strongest CAGR. Factors such as growing usage of cloud-based application, massive surge in number of data centers, growth of the IT and telecom sector and favorable police are driving the market in the region.
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
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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List of Tables
Table 1 Global Data Center Power Market: By Region, 2017-2023
Table 2 North America Data Center Power Market: By Country, 2017-2023
Table 3 Europe Data Center Power Market: By Country, 2017-2023
List of Figures
Figure 1 Global Data Center Power Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Data Center Power Market
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