The global data center power market is expected to gain a
New York, USA, May 31, 2021 (GLOBE NEWSWIRE) – According to a report published by Research Dive, the global data center energy market should register an income of $ 56,626.5 million by 2027 at a CAGR of 7.2%, increasing by $ 32,349.0 million in 2019. The inclusive report provides a brief overview of the current market scenario including the significant aspects of the market for growth factors, challenges, restraints, and various opportunities over the forecast period. The report also provides all market figures, which gives new entrants a better understanding of the market.
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Conductors: Developing economies, such as India, Brazil, and China, are focusing on the development of IT infrastructure which contributes to the growth of the data center energy market. According to a report by the Indo-European Business Forum (IEBF), India’s information technology and infrastructure sector will reach up to $ 10 trillion by the end of 2030.
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Data center power manufacturers are developing advanced management solutions to increase technical efficiency and minimize the power use efficiency ratio (PUE). These solutions improve energy consumption in companies. These are the factors that push these countries to implement the power of data centers in IT enterprises, which will fuel the growth of the market.
Constraints: The main factor holding back the growth of the market is the higher cost of installing data centers. Another factor limiting the market is the technical complexity of the data center.
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Opportunity: The increasing application of solar powered data center is expected to create plenty of opportunities for the data center power market during the forecast period.
The report has divided various market segments on the basis of product, end use, and regional analysis.
By product, UPS sub-segment is expected to be the most profitable
The UPS sub-segment is expected to have the highest revenue of $ 35,628.9 million by 2027, up from $ 20,666.4 million in 2019. Growing demand for cloud computing and data security ubiquitous and sensitive in IT companies are enhancing the growth of the market segment.
By End User, Information Technology and Telecommunications Sub-Segment is Expected to Be Most Profitable
The IT and Telecommunications sub-segment generated revenue of $ 4,827.3 million in 2019 and continues to grow to reach $ 9,115.7 million during the forecast period. Emerging IT and telecommunications service providers are opting for massive data center infrastructure to manage and protect huge databases.
By region, Asia-Pacific is expected to be predominant
The Asia-Pacific regional market is expected to garner Highest revenue of $ 16,863.4 million at a CAGR of 8.0% by the end of 2027. The main attribute of this market growth is the increasing adoption of advanced technologies, such as AI and IoT, by IT companies in the region. Additionally, government initiatives supporting data center power projects are also fueling market growth in the years to come.
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Best players on the market
1. Vertiv Group Corp.
3. General electricity
4. Schneider Electric
5. Anord Mardix
6. ZincFive, Inc.
8. Mitsubishi Electric Corporation
9. Cisco Systems, Inc.
In July 2020, Schneider Electric, leader in the digital transformation of energy management and automation, announced that it had entered into a partnership with Anord Mardix (USA) Inc., a leader in energy management systems, to develop and impose critical power solutions in the data center market. Anord Mardix’s famous DATABAR ™ busway system, Static Transfer Switch System (STS) and Power Distribution Units (PDUs), have been made available to North American data center customers in Schneider Electric after the partnership.
Covid-19 impact assessment
The coronavirus pandemic has had a significant impact on the global data center energy market. Due to the lockdown imposed across nations to curb the spread of the virus, working from home has become a new normal, increasing the demand for Software as a Service (SaaS). The emergence of a new business environment has increased the demand for digitalization and cloud services. It is these factors that have had a significant impact on the global data center energy market during the pandemic.
The report mentions many factors of all the crucial market players active in the market. Some characteristics such as financial performance, current strategic plans, product brief, developments and SWOT review are also included in the report. Click here for Top Companies’ Absolute Development Strategies Summary Report.
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