Data Center Power Market Forecasting the Future and Analysis 2024-2031

The Data Center Power Market appreciated by US$ 6046.0 million in the year 2016.

The growing necessity of cloud storage has caused in a huge capacity of data centers everywhere the world.

This sequentially, ingest a vast quantity of energy.

It expected that approximately 3% of generated electricity be use up by such type of amenities, per year.

Internationally, the greater demand has observed for data centers in Banking and Financial Services Institutions [BFSI].

This has given a rise to an enormous demand, thus motivating the progress of the market above the period of prediction.

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 2027Market HighlightsThe global data center power market is projected to witness a rapid growth during the forecast period.

By solution segment, uninterrupted power supply (UPS) is considered as the backbone of data centers and are frequently deployed for the smooth working of servers and other networking devices.The global data center power market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Technologically advanced enterprises and demand for secure and standardized cloud data storage are aiding the market in the region.

The U.S. is anticipated to drive the growth of the data center power market, owing to the presence of a large number of established key players, such as General Electric (U.S.), Raritan Inc. (U.S.), Rittal GmbH & Co. KG (U.S.), Server Technology, Inc. (U.S.), Tripp Lite (U.S.), Black Box Corporation (U.S.), Caterpillar Inc. (U.S.), HP Enterprise Company (U.S.) and othersIn the global data center power market, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period as compared to other regions, owing to the growing adoption of cloud services coupled with advanced technology implementation in IT, BFSI and automotive industry.

Increasing e-commerce companies is also expected to be another key driver of the data center power market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5876Global Data Center Power Market is Projected to reach USD 25 billion at a CAGR of over 10% by the end of the forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.

Avail the in-depth table of content TOC & market synopsis on “Data Center Power Market Research Report-Forecast to 2023”.Market Segmentation:The global data center power market is segmented into components, data center type, and end-users.

Felton, 23 Apr 2020 – Global Data Center Power Market appreciated by US$ 6046.0 million in the year 2016.

The growing necessity of cloud storage has caused in a huge capacity of data centers everywhere the world.

The Data Center Power on the source of Type of End Use could span Retail, Energy, Banking and Financial Services Institutions [BFSI], Healthcare, Government, IT & Telecom, and Others.

Internationally, the greater demand has observed for data centers in Banking and Financial Services Institutions [BFSI].

Furthermore, with the purpose of upsurge capabilities of banking sector, the business has moved on the way to cloud networking and cloud computing.

The Data Center Power Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Data Center Power Business, Market Share of Product, Application and Regional Scope of Data Center Power which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.

The Data Center Power Market offers power to the data center infrastructure, which consists of switch gear, switch board, and panel board for transmitting electricity to the IT hardware of the data center.

The global data center power market is estimated to grow from USD 13.54 billion in 2016 to USD 21.73 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.92% during the forecast period.

These benefits increased the unit shipments of power distribution and measurement components by the data center providers globally.The support and maintenance service segment is expected to grow at the highest CAGR during the forecast period.

Support and maintenance services are provided by many companies that help in providing optimized data center power solutions, which, in turn, help the data center managers to overcome the complexities in setting up efficient power facilities.

These services help in planning, designing, building, and maintaining the IT infrastructure, which ensure effective data center designs and installations to meet the enterprise requirements, thus gaining data center efficiency.The medium-sized data center is expected to gain the highest traction in the data center power market during the forecast period.

The medium-sized data center is growing due to its large-scale adoption by small and medium-sized enterprises, which have limited budgets to spend on upgrading data center infrastructure.

March 11, 2019: The global data center power market size is expected to reach USD 10.77 billion by 2025, expanding at a CAGR of 6.9% from 2019 to 2025 according to a study conducted by Grand View Research, Inc.

The market is majorly driven by the shift in focus of end-users towards hyper-scale and colocation data centers.

Rising establishments of such data center facilities is anticipated to result in an increasing demand for data center power equipment over the forecast period.Globally, data centers consume around 3% of the total energy generated.

This goal to reducing the PUE ratio is expected to further fuel the demand for intelligent and advanced data center power products over the forecast period.Download sample Copy of This Report at: https://www.radiantinsights.com/research/data-center-power-market/request-sample Uninterrupted Power Supply (UPS) is the backbone of data centers and are deployed for the smooth working of servers and other networking devices.

Thus, increasing penetration of these new devices is expected to boost the demand for UPS over the forecast period.Many mega data centers in North America engage in procuring renewable energy sources for data center operations.

Tier 1 and Tier 2 facilities are anticipated to witness the espousal of basic PDUs.

Data center power market is the collection of all the services and solution offerings that a data center requires for its operations in terms of its energy requirements.

The services pertaining to data center power involve management of components relating to energy needs, their maintenance and integration for successful operations.

Whereas, the solution offerings involve all of the components, software for their operating need as well as any additional infrastructural requirements.Global data center power market is expected to register a substantial CAGR of 8.27% in the forecast period of 2019-2026.

The report contains data from the base year of 2018 and the historic year of 2017.

This rise in market value can be attributed to concerns regarding data loss in cases of inadequate power backup solutions along with significant infrastructural development of infrastructure-based IT services and solutions.This container monitoring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

To gain more info on Data Bridge Market Research container monitoring market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.Get Sample Report + All Related Images and Graphs @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-data-center-power-marketMarket Drivers and Restraints:Increasing demand for cost-effective power supply systems from various enterprises is expected to fuel the growth of the marketGrowth of digitalization and increased adoption of cloud computing giving rise to greater need for data centers is expected to drive the growth of the marketSignificant rise in the volumes of data centers globally is also expected to boost the growth of the marketIncreasing quantity of hyperscale, and rise in the construction of data centers undertaken by colocation providers is expected to boost the growth of the market The major players covered in the Global Data Center Power MarketFew of the major competitors currently working in the global data center power market are ABB; Schneider Electric; Eaton; Delta Electronics, Inc.; Raritan Inc.; Rittal GmbH & Co. KG; Server Technology, Inc.; Tripp Lite; Black Box Corporation; Cyber Power Systems (USA), Inc.; Generac Power Systems, Inc.; Huawei Technologies Co., Ltd.; Legrand; Vertiv Group Corp.; Schleifenbauer; RPS Spa; Kohler Co.; AEG Power Solutions B.V.; Shenzhen Kstar Science Co.,Ltd.