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Home ➤ Energy and Power ➤ Power Equipment and Devices ➤ Data Center Power Market
Data Center Power Market
Data Center Power Market
Published date: May 2023 • Formats:
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  • Home ➤ Energy and Power ➤ Power Equipment and Devices ➤ Data Center Power Market

Global Data Center Power Market By Type (AC Power Supply, and DC Power Supply), By Application , By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

  • Published date: May 2023
  • Report ID: 53061
  • Number of Pages: 293
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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  • Quick Navigation

    • Data Center Power Market Overview
    • Global Data Center Power Market Scope:
    • Key Market Segments:
    • Market Dynamics:
    • Regional Analysis
    • Key Regions and Countries covered in the report:
    • Market Share & Key Players Analysis:
    • Market Key Players:

    Data Center Power Market Overview

    The global data center power market value was US$ 7.50 billion in 2021. It is expected to grow at a CAGR of 7.4% between 2023 and 2032. The rise in data center locations around the world has been due to the increasing need for data storage on the cloud. These data centers use a lot of energy. Market growth is expected to be driven by the introduction of advanced power-saving systems and modular data centers. Due to the total ban on offline activities in most of the world, the COVID-19 epidemic severely affected the data center power market, particularly organizations. The demand for software-as-a-service (SaaS) and the possibility of working remotely during the pandemic are factors that drive the need for data centers.

    Global Data Center Power Market Scope:

    Product Analysis

    The market can be divided by product into UPS, PDU, and busway. In 2021, UPS dominated the market. This product was installed because of the increasing use of cloud computing and the requirement for sensitive and ubiquitous information. The segment has seen significant growth due to the increased use of portable UPS systems for facilities such as Software as a Service, high enactment calculating, online games, and online media streaming.

    From 2023 to 2032, the PDU segment will experience a CAGR of around 8.0%. This is due to the increasing demand for intelligent power distribution devices. Companies have been shifting to intelligent PDUs over simple multi-socket racks that include server and network equipment. Intelligent power distribution units are capable of measuring electrical parameters distributed across the environment and identifying environmental factors like temperature and humidity. These units also provide detailed information to data center administrators and operators, which allows them to identify faults and take appropriate energy efficiency measures.

    Data Center Power Market

    End-Use Analysis

    The data center power market can be divided by end-use into IT and telecom, banking, financial service and insurance (BFSI), government and energy, healthcare, and retail. The fastest-growing segment is IT and telecoms, which is expected to grow to US$ 2,100 million by 2032.

    Demand will be driven by the rapid growth in construction and expansion of IT infrastructure. To manage large amounts of data, the emerging telecommunication infrastructure will require data storage facilities. Reliability, energy consumption, maintenance, and reliability are all critical for IT and telecommunications facilities. This will be a key driver of growth in the coming years.

    The high demand for BFSI services is due to the increasing focus on digitization. The industry has also shifted its focus to cloud computing and cloud networking in order to increase banking capacity. This has led to a huge demand for data centers. This will fuel market growth over the forecast period.

    Key Market Segments:

    By Product

    • Busway
    • PDU

    • UPS

    • Other Products

    By End-Use

    • BFSI
    • Energy

    • IT & Telecommunications

    • Healthcare

    • Government

    • Retail

    • Other End-Uses

    Market Dynamics:

    Companies use advanced power management solutions, such as smart uninterruptible supply (UPS), intelligent rack power distribution units, and battery monitoring equipment, to reduce power usage efficiency (PUE). This will be a positive factor for market growth in the future.

    Data centers have seen unprecedented growth in the market for technologies and services. Cloud computing requires high computational power. However, it has many benefits, including increased scalability and efficiency, and flexibility in business operations. Many medium-sized businesses have started to incorporate data centers such as colocation and web hosting cloud. Mega and cloud data centers are also being used more frequently due to their increasing popularity. These data centers need power in large quantities to support peak data-intensive operations. This drives the demand for UPS/PDUs.

    Modern data centers are being constantly replaced with newer, more advanced systems that offer power management and advanced technology. Market growth is expected to be driven by the shift in the industry towards colocation and hyperscale data centers. The market growth may be slowed by the high initial investment and insufficient availability of compatible devices.

    Designers have opted for intelligent power management solutions due to rising energy costs and increased awareness about energy conservation. The newest technology used to optimize energy consumption and lower the PUE ratio in data centers is intelligent power strips, battery monitoring devices, and PUE monitoring devices.

    Regional Analysis

    North America had the largest market share of 38%, in terms of revenue, in 2021. This is because the region has the most data centers around the globe. To reduce carbon footprints, and to decrease energy consumption, various regulations and norms have been established by governments and regulatory agencies. This has led to a high adoption rate of power management solutions that are efficient, which is driving regional demand. Organizations are spending large amounts on cooling and maintenance systems, for example. It is therefore essential to include efficient power management devices like PDU, busway, and UPS to reduce the amount of unnecessary expenditure at data centers.

    Asia Pacific will see a high CAGR over the forecast period due to the rapid growth in colocation data centers in emerging nations like India and China. The forecast period will also see a rise in the number of global telecom subscribers who use smartphones and tablets worldwide.

    Data Center Power Market Value regional Share

    Key Regions and Countries covered in the report:

    • North America

      • US

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

      • Italy

      • Russia

      • Spain

      • Rest of Europe

    • APAC

      • China

      • Japan

      • South Korea

      • India

      • Rest of Asia-Pacific

    • South America

      • Brazil

      • Argentina

      • Rest of South America

    • MEA

      • GCC

      • South Africa

      • Israel

      • Rest of MEA

    Market Share & Key Players Analysis:

    There are many players in the global and regional projection mapping market. To survive in a highly competitive market, the key players are entering into strategic partnerships, mergers & acquisitions, and strategic collaborations. Service providers are also investing heavily in research and development to include new technologies in their offerings, as well as develop advanced products in order to gain a competitive edge over other market players.

    Market competition is fierce and there are many dominant players. These players are committed to bringing innovative solutions to increase their competitive edge. Tripp Lite, an Eaton business, was launched in January 2022. It is a practical solution for connecting and controlling network equipment in industrial environments such as factories and warehouses. The new industrial Gigabit Ethernet switches, which are lite-managed, have a metal case with an IP30 rating that is resistant to shock, vibration, and high and low temperatures often found on industrial floors. They can also be wall-mounted and provide protection from electrostatic discharge (ESD). The rail clip mount allows for fitting DIN 35 mm rails. The following are some of the major players in the global market for data center power:

    Data Center Power Market Company Share analysis

    Market Key Players:

    • Eaton
    • General Electric

    • Huawei Technologies Co. Ltd

    • Legrand

    • Schneider Electric

    • Vertiv Co.

    • ABB

    • Black Box Corporation

    • Other Key Players

    For the Data Center Power Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Market Size in 2022

    7.5 Billion

    Growth Rate

    7.4%

    Forecast Value in 2032

    11.68 Billion

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    What is the size of the Data Center Power market in 2021?

    The Data Center Power market size is US$ 7,500 million in 2021.

    What is the projected CAGR at which the Data Center Power market is expected to grow at?

    The Data Center Power market is expected to grow at a CAGR of 7.4% (2023-2032).

    List the segments encompassed in this report on the Data Center Power market?

    Market.US has segmented the Data Center Power Market by geographic North America, Europe, APAC, South America, and Middle East and Africa, By Product the market has been segmented into Busway, PDU, UPS and Other Products, By End-Use the market has been segmented into BFSI, Energy, IT & Telecommunications, Healthcare, Government, Retail and Other End-Uses.

    List the key industry players of the Data Center Power market?

    Eaton, General Electric, Huawei Technologies Co. Ltd, Legrand, Schneider Electric, Vertiv Co., ABB, Black Box Corporation, Other Key Players are engaged in the Data Center Power market.

    Which region is more appealing for vendors employed in the Data Center Power market?

    North America accounted for the highest revenue share of 38%. Therefore, the Data Center Power industry in North America is expected to garner significant business opportunities over the forecast period.

    Name the key areas of business for the Data Center Power Market.

    The US, Canada, Mexico, UK, etc., are leading key areas of operation for Data Center Power Market.

    Which segment accounts for the greatest market share in the Data Center Power industry?

    With respect to the Data Center Power industry, vendors can expect to leverage greater prospective business opportunities through the UPS segment, as this area of interest accounts for the largest market share.

    Data Center Power Market
    Data Center Power Market
    Published date: May 2023
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    • Eaton
    • General Electric
    • Huawei Technologies Co. Ltd
    • Legrand
    • Schneider Electric SE. Company Profile
    • Vertiv Co.
    • ABB Ltd Company Profile
    • Black Box Corporation
    • Other Key Players
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