Data Center Power Market Can Speed Up to Achieve a Higher Valuation Between 2017 to 2023 :

Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Data Center Power Market.

Market Insight

The global market for data center power to gain considerable traction of approximately 10% CAGR at the time of forecast period (2017-2023), unveils Market Research Future in its comprehensive study. It also emphasized on the tracking factors that are backing the market’s growth, along with segmental analysis and regional study to understand the in-depth behavior of the market, across the world.

Market Drivers & Trends

The global market for data center power is getting good vibes from all the grounds as the market is proliferating due to key factors such as cost optimization of data centers for minimizing consumption of energy and operational expenses, irregularities in power supply through UPS systems, and escalation in digitization & cloud computing. The other aspects, such as a surge in the usage of social media, high adoption of online and mobile computing services by businesses that require a large volume of storage. Therefore, the organizations, in a way, are able to outsource their computing needs to build cloud-based infrastructure, which is considered to be a leading market driver at present.

At the same time, the existing data center manufacturers are continuously developing advanced power management solutions such as intelligent rack PDU, smart UPS, and battery monitoring equipment to lessen the overall power consumption rate. These factors are also considered to be drivers of the market that will also assist in the expansion of the market during the growth period.

Market Segments

The global data center power market, as per MRFR’s study has been segmented into components, data center type, and end-users.

The component segment is additionally segmented into solution and service. Wherein, the solution segment has power distribution and backup solutions, uninterrupted power supply (UPS), cabling infrastructure, and other segments. Further, the service segment includes training and consulting support and maintenance and system integration.

The data center type segment splits into large size data center, mid-size data center, and enterprise size data center.

Moreover, the end-user segment splits into IT & telecommunication, BFSI, government, power & energy, healthcare, retail, and more.

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Regional Outlook

The global data center power market, as per the study, is further studied among the regions of Asia Pacific, North America, Europe, and Rest of the World.

Among these, North America captures the highest share in the global data center power market owing to the rising IT requirements and growing energy consumption concerns. In this region, the market in the U.S. is likely to gain a more significant share with the support of availability of many data centers, growth in energy cost, and the incidence of many market players.

Asia Pacific market is also touted to be growing with the highest CAGR backed by increasing data center construction, growth in cloud-based applications, improving IT & telecom services, and government support for the data center construction.

Key Players

The protruding players in the global data center power market are listed as 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 many more like these.