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 global data center power market is slated to be valued at 5.9 (USD Billion) by 2025 at a CAGR of 6.7% over 2019-2025. The report offers valuation and analysis of the data center power industry on a global as well as regional level. The study offers an in-depth assessment of the industry competition, restraints, sales estimates, opportunities, current & emerging trends, and industry-validated market figures. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
Data centers are power intensive structures that have increased in proportion and size with the escalating popularity of the digital economy. Furthermore, though data center workloads have increased exponentially, the rise in the demand for power in data centers has been fulfilled through the acceptance of stern measures pertaining to improving power efficiency. Additionally, a proclivity towards cloud-based services has resulted in a reduction of outages and assisted in incessant & seamless supply of power in the data centers.
Key Growth Drivers
The rise in the digitization resulting in a rapid expansion of digital infrastructure will define the growth of the data center power industry over the forthcoming years. Moreover, power-efficient solutions have replaced the traditional architecture of the data center electricity supply. Additionally, the emerging cloud managed services market is predicted to lucratively influence the data center power market dynamics over the ensuing years.
Furthermore, accelerating renewable energy demand and the need for addressing GHG emission concerns will enlarge the scope of the data center power industry over the forthcoming years. The massive necessity of energy conservation has led to setting up of modular data centers and this, in turn, is likely to harvest the growth of data center power industry over the forthcoming years.
Our report also provides the current breakthroughs witnessed in the industry along with the competitive moves & competitive strategies adopted by the business players to expand their business.
North American Market To Accrue Huge Returns Over the Forecast Period
The growth of the regional market over the forecast period is attributed to large-scale setting up of ‘hyperscale’ data centers in the countries like the U.S. Furthermore, use of bottom-up modeling framework by the industry players in the countries like the U.S. is anticipated to impact the business landscape over the forecast period. Moreover, the introduction of new frameworks or business models will not only transform the growth phase or growth trajectory of the industry but will add new dimensions to the business.
Key players profiled in the report include 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.
The global data center power market is segmented as follows:
By End-User Type