The global Data Center Power market was valued at $7.25 billion in 2018 and is anticipated to grow at a CAGR of 7.3% during the forecast period. Significant amount of power is required by data centers for management, optimization and monitoring of data.Modern data centers use smart UPS systems, and intelligent power distribution systems to efficiently face power outages and acquire uninterrupted supply of power. UPS systems are used in data centers for efficient functioning of servers and other networking devices. In case of power fluctuations, low-voltage electricity is passed through UPS system to provide short-term power during failure of input power source. The primary function of UPS and other power solutions is to protect data center components against voltage spikes, harmonic distortion, and other power problems.
The major factors driving the growth of the global data center power market include rapid growth in enterprise data generation, significant rise in power consumption in data centers, and need for decreased operational expenses in enterprises. The increasing digitization and growing adoption of cloud computing,coupled with growth in number of data centers world wide support the data center power market growth. Increasing development of IT infrastructure, and rising construction of hyper-scale facilities has accelerated the growth of the data center power market.The growing demand for edge facilities further supports the market growth. The rising adoption of modular power infrastructure, growth in rack power density of facilities, and rising consumption of power are factors expected to drive the market growth during the forecast period. The growing demand from the emerging economies, technological advancements, and rising implementation of automation and monitoring solutions are factors expected to provide numerous growth opportunities in the coming years.
Global Data Center Power Market, By Product
Global Data Center Power Market, By Service
Global Data Center Power Market, By End-Users
Global Data Center Power Market, by Geography
The market research study on “Data Center Power Market (By Product: UPS, Generators, Power Distribution Units, Busway, Others; By Service: Training and Consulting, System Integration, Support and Maintenance, Others; By End-Users: BFSI, Healthcare, Retail, IT and Telecommunication, Energy, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed insight of the global Data Center Power market with analysis of its market segments. Market dynamics with drivers, restraints and opportunities along with their impact on the global market are provided in the report.
This market report comprises a detailed geographic analysis of the Data Center Power market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, Spain, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Australia, and Rest of Asia-Pacific. The analysis of Latin America includes Brazil, Chile, and rest of Latin America, whereas MEA includes South Africa, Saudi Arabia, and rest of MEA. Asia-Pacific is expected to grow at a significant rate during the forecast period owing to significant rise in penetration of mobile devices, increasing demand for mobility, and growing adoption of cloud technologies.
Some major players operating in the global Data Center Power market include Schneider Electric, Black Box Corporation, Delta Electronic Inc., General Electric, ABB Group, Cyber Power Systems, Inc., Rittal GmbH & Co. KG, Vertiv Co., Tripp Lite, and Generac Power Systems, Inc., among others. These players are investing in technological development, and are launching new products to cater to the growing demand for consumers. Global players are entering new developing economies for expansion of customer base and strengthening market presence.