Data center power is a group of all services, which are required by data center for its operations in terms of its energy requirements. The data centers consume almost 4% of the total energy generated. Many data center organizations are currently adopting advanced power distribution and management solutions to attain energy efficiency at lesser power usage effectiveness ratio. Thus, increasing demand for reducing power usage effectiveness ratio is expected to drive the market growth during the forecast period.
Market Dynamics
The global data center power market is expected to grow significantly during the forecast period, owing to the increasing adoption of hyperscale data centers in large enterprises. Data centers with thousands of servers consume more power. Such kind of data centers require continuous advancements in server rack design and storage system to cope up with growth in energy consumption. Hyperscale data centers are used to operate servers at higher utilization and save power consumption. Hyperscale data centers are used by large enterprises to maintain thousands of servers and store large amounts of data. Various features are provided by hyperscale data centers such as increase efficiency, lower energy bills, and fulfill cooling requirements. Moreover, scalability is the major feature of these new data centers, and cloud-based companies such as Facebook and Google have built super computer to accommodate their hyperscale need by using hyperscale data centers. For instance, in September 2018, Facebook Inc. launched hyperscale datacenter in Singapore that is used to measure the efficiency of the data center and cooling infrastructure.
Furthermore, major global players across different regions are focusing on developing new products with new features and technologies to gain competitive edge in the market. Industries are developing data centers with new features to cater to the demand from the end users. For instance, Amazon.com Inc. launched four new renewable energy projects to supply greener power for data centers operated by its cloud computing subsidiary Amazon Web Services Inc. (AWS).
Key features of the study:
This report provides in-depth analysis of global data center power market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global data center power market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include Schneider Electric, Vertiv Group Corp., ABB, Eaton, Huawei Technologies Co., Ltd., Tripp Lite, Toshiba India Pvt. Ltd., Siemens, Mitsubishi Electric Corporation, Cisco System Inc., Kehua Hengsheng Co., Ltd., Socomec, Cyber Power Systems, Inc., Bxterra Power Technology, ZincFive, Inc., Server Technology, Inc, Schneider Electric, General Electric, and Hewlett Packard Enterprise Development LP
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global data center power market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global data center power market
Detailed Segmentation
Global Data Center Power Market, By Component:
Solution
Power distribution
Power monitoring
Power backup
Cabling infrastructure
Services
Design and consulting
Integration and deployment
Support and maintenance
Global Data Center Power Market, By End Users:
Enterprises
Colocation providers
Cloud providers
Hyperscale data centers
Global Data Center Power Market, By Data Center Size:
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Trupti Joined: March 17th, 2021 Articles Posted: 36
