San Francisco, 30 November
2018: 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.
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.
Access
Research Report of Data Center Power Market@
www.grandviewresearch.com/industry-analysis/data-center-power-market
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.
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.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
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.
Data Center Power 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.
Access
Press Release of Data Center Power Market@
www.grandviewresearch.com/press-release/global-data-center-power-market
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.
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