Global Data Center Power Market
Posted: Nov 19, 2019
Global Data Center Power Market was valued US$ 6.8 Bn in 2017 and is expected to reach US$ 16.3 Bn by 2026, at CAGR of 11.5% during forecast period.
Global Data Center Power Market
Universally data centers are developing as computational hubs for end-users and enterprises. This growth in data center number is prominent to the growth of data center power and associated services market. So, the demand for enterprise-wide digital content and growth of data center is driving the demand for data center services worldwide. Exponential and fast growth in the amount of data consumed and produced by different establishments, businesses and individuals has led to rise in demand for data storage leading to the increasing number of data centers. Several data centers are growing rapidly to supply the demand for computing need and digital content. Power expenditures are almost half of the total costs associated with the data center, and accordingly organizations are developing effective and innovative data center power solutions. Effective power solutions installed support the companies in decreasing their total expenditures leading to reduced total charge of ownership (TCO)
Initial cost involved in deploying well-organized power solutions in a data center is high, and transitioning from old powering systems to effective system is sometimes clumsy for the end-user. This is a challenge for the growth of data center power management solutions market.
In 2017, ABB and Northvolt arrived into an agreement for Europe's leading battery factory. Both partners have agreed on a technology cooperation to drive innovation in battery technology in areas like invention platform, cell and module design, and battery performance. Companies aims to have a close partnership on expansion of battery solutions for mobile and stationary applications, containing the potential obtaining of batteries for data centers.
Presence of prominent industry players has increased the competition in the industry with companies challenging based on distribution, price, technology, quality, service and brand. Companies are frequently delivering modern products in the market, like PUE monitoring devices that provide effective energy management products which is causing in a high competitive challenge.
North America Leading the global data center power market because of the growing IT requirements and increasing energy consumption issues. In North America, market in U.S. is estimated to have a 58% share because of the accessibility of a large number of data centers, rising energy cost, and occurrence of a large number of players in this region. Asia Pacific market is growing with the 18% CAGR due to increasing data center construction, rising cloud-based applications, increasing IT & telecom services, and government provision for the data center construction.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Data Center Power market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Data Center Power market.
Scope of Global Data Center Power Market:
Global Data Center Power Market by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Operated in Market Include:
- Schneider Electric SE
- Server Technology, Inc.
- Intel Corporation
- Rittal GmbH & Co. KG
- Raritan, Inc.
- Emerson Network Power
- Hewlett-Packard Company
- General Electric Company
- Eaton Corporation Plc
- ABB Ltd
- Delta Power Solutions
- Sunbird Software, Inc.
- Electronic Environments Co. (EEC)
- Tripp Lite
- CyberPower System
- Black Box Corporation
- Caterpillar Inc.
- HP Enterprise Company
- Fuji Electric
- Toshiba Corporation
- Ametek Inc.
- Belkin International
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