Market Overview:
The Global Data Center Power Market Size Was Valued At USD 8.49 Billion In 2021 And Is Projected To Reach USD 12.85 Billion By 2028, Growing At A CAGR Of 6.1% From 2022 To 2028.
A data center is a specialized hardware structure placed inside a building that includes networking, storage, and communications technologies in addition to computing equipment like servers. Governments, educational institutions, financial organizations, retailers of all sorts, online information providers, and social networking sites are just a few of the industries that require data centers. The majority of a data center’s spending goes toward power. Data centers, which are necessary to perform a number of duties, are equipped with power management systems. These methods are employed to control the data centers’ efficacy and efficiency in terms of power utilization. The growing popularity of cloud computing is another factor driving the demand for data center electricity.
Top Key Players Covered In The Data Center Power Market:
- Server Technology Inc. (US)
- Tripp Lite (US)
- Black Box Corporation (India)
- Hewlett Packard Enterprise Company (US)
- Cyber Power Systems Inc. (US)
- ABB Group (Switzerland)
- Raritan Inc. (US)
- Rittal Corporation (US)
- Siemens (Germany)
- N1 Critical Technologies (US) and other major key players.
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Market Dynamics and Factors:
Data center outages are currently most frequently caused by software and networking problems, with power problems becoming less frequent. Businesses are less effective when there is data loss. Users and employees are unable to access files and carry out crucial job functions as a result of lost data. Data center outages may be caused by hardware or software issues, network issues, power outages, cyber-attacks, or human error. Data centers are becoming more and more important since many small and large organizations depend on the smooth execution of their operations and the protection of their customers’ data. Natural catastrophes also have an impact on some data centers.
The need for existing data centers to be renovated has grown as a result of the increase in data generation and the requirement to enhance data center performance. There are numerous justifications for updating server rooms and data center settings. When used in environments with high ambient temperatures and/or harsh environmental conditions, equipment ages as a result. Data center renovations are carried out to improve infrastructure, expand the amount of space and power available, and boost the overall dependability of data center facilities. Businesses refurbish data centers because doing so is less expensive than creating new ones. It also gets rid of immediate problems like cooling problems, space problems, and power problems.
Data Center Power Market Report Highlight:
- By Solution, the Power Backup segment is anticipated to lead the growth of the Data Center Power market in the forecasted timeframe. The most crucial component for data centers is power backup because these facilities cannot operate without it. It lessens unforeseen outages and provides power to the data centers using battery- and UPS-stored energy. Providing power to essential equipment, also enables data centers to support important loads during periods of power outages and to expedite their operations.
- By end-users, the IT and Telecommunications segment is set to develop at the highest share during the forecasted timeframe. These sub-expansion segments can be ascribed to new IT & telecom service providers’ use of massive data center infrastructure to handle the rapidly growing volume of data. Furthermore, throughout the anticipated period, the sub-segment is anticipated to benefit from the government’s favorable policy measures as well as the significant presence of important players in growing nations like CtrlS Datacenters and Schneider Electric.
- The Asia Pacific region is expected to have the highest share of the Data Center Power market over the projected period. The largest growth is predicted for Asia Pacific, mostly as a result of the region’s increasing adoption of cutting-edge technologies like Al and loT.
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Key Industry Development:
In November 2021, Amazon Web Services, Inc. (AWS) and IBM announced a collaboration to serve energy customers by combining the benefits of IBM Open Data for Industries with IBM Cloud Pak for Data and the AWS Cloud. This comprehensive solution is built on Red Hat OpenShift and will run on the AWS Cloud, making it easier for businesses to execute workloads both on-premises and in the AWS cloud.
In October 2020, IBM announced a strategic extension of capabilities to give clients the choice to deploy workloads anywhere they want, from on-premises to the IBM public cloud, and to accelerate their path to the hybrid cloud.
Data Center Power Market Segmentation:
By Solution
- Power Monitoring
- Power Distribution
- Power Backup
- Cabling Infrastructure
By End Users
- BFSI
- IT and Telecommunications
- Government and Defense
- Healthcare
For this report, Introspective Market Research has segmented the Data Center Power Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
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Scope of the Report:
The latest research on the Data Center Power market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Data Center Power industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Data Center Power market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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