Data Center Power Market is estimated to grow at a CAGR of 10% by Forecast to 2023

Market Highlights:

The global data center power market is projected to witness a rapid growth during the forecast period. By solution segment, uninterrupted power supply (UPS) is considered as the backbone of data centers and are frequently deployed for the smooth working of servers and other networking devices.

 

The global data center power market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the data center power market in North America region is expected to witness significant growth during the forecast period. Technologically advanced enterprises and demand for secure and standardized cloud data storage are aiding the market in the region.

 

In the global Data Center Power Market, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period as compared to other regions, owing to the growing adoption of cloud services coupled with advanced technology implementation in IT, BFSI and automotive industry. Increasing e-commerce companies is also expected to be another key driver of the data center power market.

 

The global data center power market is projected to reach USD 25 billion at a CAGR of over 10% by the end of the forecast period.

 

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Major Key Players:

  • ABB (Switzerland)
  • Emerson Electric Company (U.S.)
  • Schneider Electric (France)
  • General Electric (U.S.)
  • Eaton (Ireland)
  • Delta Power Solutions (Taiwan)
  • Raritan Inc. (U.S.)
  • Rittal GmbH & Co. KG (U.S.)
  • Server Technology, Inc. (U.S.)
  • Tripp Lite (U.S.)
  • CyberPower System (Taiwan)
  • Black Box Corporation (U.S.)
  • Caterpillar Inc. (U.S.)
  • HP Enterprise Company (U.S.)

 

Data Center Power Market Segmentation:

The global data center power market is segmented into components, data center type, and end-users. The component segment is further segmented into solution and service. The solution segment consists of power distribution and backup solutions, uninterrupted power supply (UPS), cabling infrastructure, and others.

 

The service segment consists of training and consulting, support and maintenance and system integration. The segment data center type consists of large size data center, mid-size data center, and enterprise size data center. The end-user segment consists of IT & telecommunication, BFSI, government, power & energy, healthcare, retail, and others.

 

Regional Analysis:

The global data center power market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America accounts for highest share in the global data center power market owing to the increasing IT requirements and rising energy consumption concerns. In North America, the market in the U.S. is expected to have a greater share owing to the availability of a large number of data centers, rise in energy cost, and presence of a large number of players in this region.

 

Asia Pacific market is growing with the highest CAGR owing to increasing data center construction, rise in cloud-based applications, growing IT & telecom services, and government support for the data center construction.

 

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Intended Audience:

  • Technology Investors
  • Research/Consultancy Firms
  • Software Providers
  • System Integrators
  • Distributors and Resellers
  • Government and Standardization Bodies
  • Power & Energy Management Bodies

 

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