Kenneth Research, in its repository of market research reports, have recently added a report on the Global Data Center Power Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Data Center Power Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention 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) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst 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/Energy industries, creating a huge demand for Global Data Center Power Market products.
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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.
Global Data Center Power Market is valued approximately at USD 17.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2020-2027. The unprecedented and rapid growth in the volume of data collected and produced by different organizations, companies, and individuals has resulted in increased demand for data storage contributing to a rise in data centre capacity. Data centres are power-intensive systems, which have risen in proportion and size with the escalating popularity of the digital economy. In addition, while data centre workloads have risen exponentially, the rise in power demand in data centres has been met by the adoption of stern power efficiency improvements efforts. Growing need for enterprises to slash operating expenses, need for uptime for increased service along with growing demand for high-performance computing are prominent factors contributing towards the market growth. However, high initial investment is expected to hinder the market growth. Whereas, renovation of the data centres to increase efficiency and improvement at UPS is expected to create significant growth opportunity in the market over the forecast period. Apart from this, the key players of global Alopecia market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, Schneider Electric launched their first Smart-UPS Lithium-ion UPS segment in March 2020. It’s built for micro data centres and local edge ecosystems. The second group is APC Simple UPS 1 Ph Online, a flexible, high-quality, and cost-effective UPS built to manage conditions of high voltage and intermittent control.
The regional analysis of global Alopecia market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to large-scale setting up of ‘hyperscale’ data centers in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising adoption of advanced technologies, such as IoT and cloud computing, rising number of telecom subscribers would create lucrative growth prospects for the Alopecia market across Asia-Pacific region.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By end-user type:
Hyperscale data centers
By data center sizes:
Small and Medium-sized data center
Large data center
IT and Telecommunication
Media and Entertainment
Government and Defense
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
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Target Audience of the Global Alopecia Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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