Data Center Power Market To Witness Rapid Growth Due To Increase In Rapidly Developing It Infrastructure By 2025: Grand View Research, Inc.

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The global data center power market is expected to reach USD 10.77 billion by 2025, according to a report by Grand View Research, Inc. The global data center power market is majorly driven by the shift of various end-users towards hyper-scale and colocation data centers.

According to a report published by Grand View Research, Inc.; the data center power market is expected to reach a valuation of around USD 10.77 billion by 2025.

Rising shift of large number of end-users towards hyper-scale and colocation data centers can drive the market during the forecast period (2014 to 2025).

Rising adoption of cloud storage has increased the volume of data centers across the world, which consumes a huge amount of energy. This has increased the need for reducing the power usage efficiency (PUE) ratio and boot efficiency. Increasing cost of energy and growing awareness to save electricity has encouraged the data center designer to deploy intelligent power management solutions. The PUE ratio denotes the efficiency of data center. Increasing use of advanced power management solutions such as battery monitoring system, PUE monitoring devices, intelligent power strips, smart UPS, and intelligent rack PDU can drive the market over the forecast period. Furthermore, traditional data centers are extensively being substituted by novel systems that comprises advanced technologies. High penetration of IoT connectivity and incorporation of artificial intelligence (AI) are likely to increase the demand for data centers in the coming years.

Full Research Report On Data Center Power Market Analysis: 
www.grandviewresearch.com/industry-analysis/data-center-power-market

India data center power market by product, 2014 – 2025 (USD Million)

 

India data center power market by product, 2014 - 2025 (USD Million)

However, requirement of high initial investment for deploying these solutions and lack of availability of of compatible devices are anticipated to hinder the market growth.

Worldwide data center power market can be segmented on the basis of product, end-use, and region. Based on product, the market can be categorized into PDU, uninterrupted power supply (UPS), busway, and others.

In 2016, the UPS segment estimated for the major market share. Increasing adoption of cloud computing is responsible for high installation of data center UPS. Increasing use of portable UPS systems in services such as high-performance computing, software as a service (SaaS), online media streaming, and online gaming has supplemented the segment growth. The UPS is the backbone of data centers and are installed to enable smooth working of servers and other networking devices. In addition, several data center users use smart UPS systems, intelligent power distribution systems, and battery monitoring devices for reducing the PUE ratio. Increasing adoption of such advanced devices is expected to drive the segment during the forecast period.

As per end-use, the market can be classified into IT and telecom, banking and financial services institutions (BFSI), government, energy, healthcare, retail, and others.

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Global data center power market by end-use, 2016 (%)

Global data center power market by end-use, 2016 (%)

The BFSI segment has been observed high demand for data centers due to growing focus on digitization. Increasing shift towards the cloud computing and cloud computing has also led to high demand and expected to drive the market during the forecast period.

The telecom segment is appeared as the fastest growing segment. Telecommunication infrastructure development requires facilities to manage large amount of data. This has increased the demand for new data centers, which is expected to boost the demand for power systems solutions.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

In 2016, North America captured the major market share as the region is estimated to have highest number of data centers in the world. In addition, the U.S. contributed for over 30% of the global market and more than 70% of regional market in 2016. Increasing government efforts and regulations for reducing carbon footprints and consumption of energy has increased the adoption of efficient power management devices in this region.

Asia Pacific is anticipated to display higher growth rate due to high adoption of colocation data centers in developing countries such as China and India.

Prominent companies operating in the market include Generac Power Systems, Inc.; Black Box Corporation; ABB Group; Huawei Technologies Co., Ltd.; and Schneider Electric.

Market is extremely competitive. The major market participants are focused on introducing innovative solutions, such as PUE monitoring devices that can offer efficient power management solutions. This has increased the competitive rivalry in the market.

Grand View Research has segmented the global data center power market based on the product, end-use and region:

Data Center Power Product Outlook (Revenue, USD Million; 2014 – 2025)

  • PDU

  • UPS

  • Busway

  • Others

Data Center Power End-use Outlook (Revenue, USD Million; 2014 – 2025)

  • IT & Telecom

  • BFSI

  • Government

  • Energy

  • Healthcare

  • Retail

  • Others

Data Center Power Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/

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