Data Center Power Market Size by Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Data Center Power Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Data Center Power Market products.

The Data Center Power Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

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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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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