Data Center Power Market: Industry Analysis and Forecast 2020-2023 Product Type, Formulation, and Region | Impact of COVID-19 Pandemic

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Sep 04, 2020 (AmericaNewsHour) —
Data Center Power Market Report Information by Component (Solution, Service), Data Center Size (Small & Medium Size, Large Size Enterprise Size Data Center), End-User (IT & Telecommunication, BFSI, Government, Power & Energy) – Global Forecast till 2023,Data center power is defined as a power solution to manage the power usage effectiveness (PUE) and increase the efficiency of data centers. Data center manufacturers are developing advanced power management solutions such as intelligent rack PDU, smart UPS, and battery monitoring equipment to minimize the overall power consumption rate.

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The key players in the global data center power market are ABB (Switzerland), Emerson Electric Company (U.S.), Schneider Electric (France), General Electric (U.S.). ABB, a prominent player in data center power market, has designed a power solution for data centers. The company has developed modular UPS designs that minimize the systems’ MTTR and Decentralized Parallel Architecture (DPA) which allows the modules to work as one system without interdependence.

The key factors driving the market include cost optimization of data centers for minimizing energy consumption and operational expenses, irregularities in power supply through UPS systems, and rise in digitization & cloud computing. The other aspects such as increasing usage of social media and adoption of online and mobile computing services by businesses require a large volume of storage, therefore organizations outsource their computing needs to cloud-based infrastructure.Global Data Center Power market is Estimated to grow at CAGR of approximately 10% during the forecast period of 2017-2023.

Source: MRFR Analysis

Key Players

Some of the prominent players in the global data center power market are 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.) are among others.

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Segments

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 data center type segment 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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