18-Feb-2020 | Zion Market Research
As per the analysts at Zion Market Research, the global data center power market is anticipated to be valued at around USD 6.65 Billion in the forecast period growing at around 6.7% CAGR from 2019 to 2025. The key players in the data center power market consist of Emerson Electric Company, ABB, General Electric, Schneider Electric, Delta Power Solutions, Eaton, Rittal GmbH & Co KG, Raritan Inc, Tripp Lite, Server Technology, Inc, Black Box Corporation, Cyber Power System, HP Enterprise Company, and Caterpillar Inc.
Rising Need To Hoard Data Likely To Boost Global Data Center Power Market
An extraordinary growth is likely to be observed in services and technologies supported by data centers. Further, rising requirement to hoard data on the cloud has led to a rise in number of data centers globally. A use amount of power is consumed by these data centers. The increase in launch of cutting-edge systems to decrease consumption of energy along with advent of modular data centers is anticipated to boost the growth of the market. To cite, a hyperscale data center was built by Facebook in 2018 in Singapore that is backed by 100% renewable energy. It is integrated with new State Point Liquid Cooling system through which this technology reduces power & water consumption and as per the trial, infrastructure can decrease peak water usage by over 20% in climates like Singapore.
Power Backup Solution Segment To Witness Maximum Growth During The Forecast Period
Power is supplied by the solution’s power backup segment to data centers during dire settings, like unplanned downtime or utility outage. The key factors propelling the implementation of power backup for the data center are the increasing power outages attributable to mechanical issues or environmental problems and increasing data centers construction because of rise in data storage demand. The power backup segment offers the data center with power during downtime or utility failure to perform the business activities and improve their performance.
Largest Share In The Data Center Power Market To Be Captured By North America
North America is projected to capture the biggest share in the market and govern the data center power market during the forecast period because of the presence of many data centers, higher implementation of data centers by numerous verticals, huge spending in data centers, increase in energy price, and existence of several market participants in this region. further, Asia Pacific is also anticipated to display substantial growth in the global data center power market. The major factors contributing to the growth on the market in this region are the rising data center construction, flourishing IT & telecom services, rising data storage demand owing to increase in cloud-based applications, increasing economy, penetration of internet, and government backing.
Browse the full “Global Data Center Power Market - By Solution (Power Distribution & Measurement, Power Backup, and Cabling Infrastructure), By Service (System Integration, Training & Consulting, and Support & Maintenance), By End-User Solution (Enterprise data center, Mid-sized data center, and Large Data Center), By Vertical (Energy, Banking, Financial Services, and Insurance (BFSI), Healthcare, Government & Defense, Research & Academia, Manufacturing, Telecommunication & IT, Retail, and Others), and Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/data-center-power-market
The global data center power market is segmented as follows:
By End-user Type
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