Data Center Power Market Research Report – Forecast to 2027

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 2027

ID: MRFR/ICT/4420-HCR | February 2021 | Region: Global | 100 pages

Data Center Power Market Overview:
According to the latest research report, during the projected period of 2017-2023, the data center power market size is expected to grow at a compound annual growth rate of CAGR of nearly 10%. Data center power is described as a power solution that helps data centres control their power use effectiveness (PUE) and boost their overall efficiency. Data center manufacturers are creating sophisticated power control systems, such as sophisticated rack power distribution units (PDUs), smart uninterruptible power supplies (UPS), and battery monitoring devices, in order to reduce the total rate of energy usage.


In addition to cost reduction of data centers for lowering energy usage and operating expenditures, UPS systems are used to protect against power supply interruptions, and the growth in digitalization and cloud computing are other significant drivers influencing the industry. As a result, corporations outsource their computing requirements to cloud-based technology in order to accommodate other factors such as the increasing popularity of social media among consumers and the acceptance of internet and digital computing services by enterprises.


This report contains all the information on the global data center power market analysis and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global data center power market forecast for 2027 is also included in the report.


Covid 19 Analysis:
Data centers and data center electricity are critical in the COVID-19 outbreak condition. The rapid expansion in data consumption and generation by businesses and people has caused a spike in the quantity of trustworthy and highly accessible data centers. Globally, data centers are becoming computing centers for end-users and businesses as the number of remote employment increases. With innovations including IoT, edge computing, and 5G, the firm can address COVID-19-related concerns and client expectations.


Market Dynamic:
Drivers:
Datacenter owners want to reduce operating costs. Power tariffs, data center servers, cabinets, and HVAC systems all go up.   Depending on data center tiers, power sources, and geographies, power costs may vary from 40% to 80% of total operating costs. The dependability level increases the infrastructure expenses and operational difficulties. Power is a key expense for data centers. It is utilized in data centers to operate IT (computers and servers) and cooling and electricity infrastructure. Hence, contemporary data centers use power and cost-effective power solutions. Contemporary data center power systems that suit modern IT skills and company goals may reduce operating costs. Vendors of data center power solutions supply dependable and sustainable power systems. These companies offer permanent energy storage solutions that do not need new batteries and reduced setup and maintenance expenses. These advantages should drive the global data center power market growth.


Opportunities:
Datacenter power providers could benefit from the growth in data center upgrades. Renovating data centers with modern data center power systems would help end-users in several ways. Which include cost and energy savings, adaptability, and scalability. This has created a big opportunity for data center power suppliers to develop their companies.


Restraints:
The significant initial expenditure on data center electricity is a big barrier for businesses. Modern energy systems in data centers need updating data center components. This stuff necessitates infrastructure upgrades, new gear and software, and personnel This transformation procedure requires a Due to this restriction, most businesses, particularly SMEs, cannot modernize their data centers. The original cost in energy-efficient power networks is much more than the first expenditure in conventional power solutions. As a result, many businesses are hesitant to embrace modern, energy-efficient data center power systems.


Challenges:
A data center server or a rack of compute nodes cannot use more electricity than authorized. Datacentercentersproviders choose to use power depending on data center requirements, which has hampered industry development. Outsourcing data center power services and solutions are regulated owing to international issues. Global geopolitical conflicts are making international regulatory requirements more difficult. Global market expansion has been hampered by geopolitical conflicts.


Cumulative Growth Analysis:
In the data center power industry, the major companies are Schneider Electric (France), Emerson Electric Company (United States), ABB (Switzerland), and General Electric (U.S.). ABB, a well-known participant in the industry, has developed a powerful solution specifically for data centers. Moreover, the business has created modular UPS technology to reduce the systems' mean time between failures (MTTR), as well as Decentralized Parallel Architecture (DPA), which enables the modules to function as a single system without being interdependent on one another.


Value Chain Analysis:
According to the reports, The worldwide data center power market is split into three categories: components, data center type, and end-users. The component sector is further subdivided into two subcategories: solutions and services. uninterrupted power supply (UPS), cabling infrastructure,  power distribution, and backup systems,  and other related products and services are included in the solution section. Training and consultation, as well as support and maintenance, as well as system integration, comprise the service section. The data center type sector is comprised of three types of data centres: big-size data centers, mid-size data centers, and enterprise-size data centers. The end-user category includes companies in the information and telecommunications industry, banking and financial services, government, resources and energy, medical, retail, and other industries.


Data Center Power Market Segmentation Overview:
The market is segmented based on components, data center type, end-users, and regions. The global data center power market trend is expected to witness decent growth during the forecast period.


By Application:
Based on the application, the market is segmented into solutions and services. uninterrupted power supply (UPS), cabling infrastructure, power distribution, and backup systems,  and other related products and services.


By End-users:
Based on the propulsion types, the market is segmented into the information and telecommunications industry, banking and financial services, government, resources and energy, medical, retail, and other industries.


Data Center Power Market Regional Analysis:
According to the reports, On the global data center power market, regions such as Asia Pacific, North America, Europe, and the Rest of the World are investigated. North America has the largest share of the global data center power market share, owing to the massive need for information technology and the growing concern about energy use. Because of the accessibility of a significant number of data centers, the growth in energy costs, and the existence of a big number of competitors in this area, the United States is predicted to have a bigger share of the market in North America than any other country. As a result of increased data center development, an increase in cloud-based services, an increase in IT & telecom operations, and increased government backing for data center building, the Asia Pacific economy have developed at the fastest rate in the world.


Competitive Landscape:
The data center power industry is extremely fragmented, with a large number of providers competing for customers' business. M&A, alliances, and partnerships are just a few of the techniques that players are using to grow their businesses. Various efforts are being undertaken by governmental agencies, and the creation of commercial data centers, which is resulting in intense competition.


Data Center Power Market Key Players:


  • 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.)


Report Overview:
The following report comprises of –


  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments:
With the introduction of the Smart-UPS Lithium-ion, Schneider Electric introduced its first UPS division in March 2020. It is intended for use in local edge settings as well as in micro data centers. The second category is the APC Easy UPS 1 Ph Online, which is a highly adaptable, elevated, and cost-effective uninterruptible power supply (UPS) that was designed to manage high voltage and fluctuating power circumstances.


Based on components, the data center power market has been segmented as follows:
Solution:



  • Power distribution

  • Power monitoring

  • Power backup

  • Cabling infrastructure


Services:


  • Design and consulting

  • Integration and deployment

  • Support and maintenance


Based on end-user type, the market has been segmented as follows:



  • Enterprises

  • Colocation providers

  • Cloud providers

  • Hyperscale data centers


Based on data center sizes, the data center power market has been segmented as follows:



  • Small and Medium-sized data center

  • Large data center


Based on verticals, the market has been segmented as follows:


  • BFSI

  • IT and Telecommunication

  • Media and Entertainment

  • Healthcare

  • Government and Defense

  • Retail

  • Manufacturing

  • Others (Energy, research and academia, and transport and  logistics)


Based on regions, the data center power market has been segmented as follows:
North America:


  • US

  • Canada


Europe:


  • UK

  • Germany

  • France

  • Rest of Europe


APAC:


  • China

  • Japan

  • Australia and New Zealand

  • Rest of APAC


MEA:


  • KSA (Kingdom of Saudi Arabia)

  • United Arab Emirates (UAE)

  • South Africa

  • Rest of MEA


Latin America:


  • Brazil

  • Mexico

  • Rest of Latin America



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   10% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Component, Data Center Size
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.)
  Key Market Opportunities   In North America, the market in the U.S. is expected to have a greater share owing to the availability of a large number of data centers, rise in energy cost, and presence of a large number of players in this region.
  Key Market Drivers   The key factors driving the market include cost optimization of data centers for minimizing energy consumption and operational expenses, irregularities in power supply through UPS systems, and rise in digitization & cloud computing.


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Frequently Asked Questions (FAQ) :


Tripp Lite (U.S.), Server Technology, Inc. (U.S.), Black Box Corporation (U.S.), CyberPower System (Taiwan), Caterpillar Inc. (U.S.) and HP Enterprise Company (U.S.) are motivating the market development in the coming years.

The BFSI, government, IT & telecommunication, power & energy, retail, and healthcare are motivating the development of the market.

USD 25 billion is estimated to transform the market in the coming years.

Along with the rest of the world, Asia Pacific, North America, Europe are adding to the market’s growth.

A 10% CAGR is expected to add substantially to the market’s growth in the forecast period.