Data Center Power Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe global data center power market size is expected to reach USD
10.77 billion by 2025, expanding at a CAGR of 6.9% from 2019 to 2025 according
to a study conducted by Grand View Research, Inc. The market is majorly driven
by the shift in focus of end-users towards hyper-scale and colocation data
centers. Rising establishments of such data center facilities is anticipated to
result in an increasing demand for data center power equipment over the
forecast period.
Globally, data centers
consume around 3% of the total energy generated. Thus, various data center
designers are currently adopting advanced power distribution and management
solutions to attain energy efficiency at lesser Power Usage Effectiveness (PUE)
ratios. This goal to reducing the PUE ratio is expected to further fuel the
demand for intelligent and advanced data center power products over the
forecast period.
Uninterrupted Power Supply
(UPS) is the backbone of data centers and are deployed for the smooth working
of servers and other networking devices. Moreover, the cost of UPS is
significantly higher than any other data center power products. Furthermore, most
datacenters use smart UPS systems, battery monitoring devices, and intelligent
Power Distribution Systems (PDU) to reduce the PUE ratio. Thus, increasing
penetration of these new devices is expected to boost the demand for UPS over
the forecast period.
Many mega data centers in
North America engage in procuring renewable energy sources for data center
operations. Tier 1 and Tier 2 facilities are anticipated to witness the
espousal of basic PDUs. However, adoption of intelligent infrastructure with
power monitoring ability is expected to witness growth owing to rising concerns
about power consumption, particularly in U.S. However, rise in complexity of
data center design, high initial investment costs, and interoperability issues
are expected to hinder growth of the data center power market.
Further key findings from the study suggest:
- The UPS segment held the largest market
share in 2018, accredited to the increasing demand for energy in data
centers and adoption of co-location data centers globally
- North America accounted for around 38.0%
market share in terms of revenue in 2018 and is expected continue the
dominance over the forecast period, owing to the increasing number of data
centers in U.S. Additionally, the region has emerged as the hub for
operators and cloud service providers owing to affordable utility rate and
tax incentives
- The data center power market is highly
consolidated and is characterized by high competition with the presence of
key players such as ABB, Black Box Corporation, Eaton, Generac Power
Systems, and Huawei Technologies Co., Ltd., among others
- These players engage in mergers and
acquisitions to withhold strong market presence. For instance, in March
2016, Generac Power Systems, Inc. announced the acquisition of PR
Industrial S.r.l (PRAMAC), a manufacturer and supplier of mobile,
portable, and stationary generators. Through this acquisition, the former
aimed at propelling product sales and elevating its market presence in
Europe.
Access full research report on global data
center power market:
www.grandviewresearch.com/industry-analysis/data-center-power-market
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Created on Apr 21st 2020 13:21. Viewed 373 times.