Gmi Research's blog : Data Center Power Market Size & Share Report, 2027
Data
Center Power Market
Data Center Power Market is forecast to expand at a 6% CAGR
over the forecast period, attaining a value of USD 29,597 Million by 2027 mainly
due to the advent of modular data centers.
Factors such as increasing infrastructural investment for
data center, incorporation of advanced technologies like edge computing, 5G
technology, and IoT, and the growing demand for data center power driven by the
increasing energy consumption, are projected to proliferate the global data
center power market. As per the U.S. Energy Information Administration,
overall energy consumption is projected to expand by 50%, which is led by
Asia’s growth between 2018-2050. Moreover, the emerging need to optimize the
operational expenses will further propel the data center power market size.
By Product, UPS is anticipated to witness a promising growth
over the forecast period, owing to the growing implementation of cloud
computing. Also, the reliable voltage supply, effective work, minimal
intervention offered by UPS in data centers, drives the segment’s growth.
By End Use, IT and telecommunications sector is forecast to
hold a larger share over the forecast period. Growing adoption of data centers
by leading IT players like TCS, IBM, and Accenture, owing to their ability to
offer safe storage to essential and non-essential data and reduce the
difficulty of portable technology will fuel the segment’s growth.
By region, North America region is likely to dominate the
market, owing to the strong presence of leading players like Schneider
Electric, ABB, Huawei Technologies Co., Ltd.
Leading players operating in the market include Vertiv Group
Corp., Schneider Electric, ABB, Eaton, Delta Electronics, Inc., legrand, Tripp
Lite., Toshiba India Pvt. Ltd., Huawei Technologies Co., Ltd., and Siemens,
among others.
Key Developments:
In 2020, Schneider Electric launched its first smart-UPS
lithum ion, for low voltage switchgears. This helped the organization expanding
the portfolio of the company.
Data Center Power Market Segmentation:
Data
Center Power Market by Product
·
PDU
·
UPS
·
Buswway
·
Others
Data
Center Power Market by End Use
·
IT & Telecommunications
·
Banking, Financial Services and Insurance (BFSI)
·
Government and Defense
·
Healthcare
·
Research and Academic
·
Others
Data Center Power Market by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
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Research
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