Data Center Power Market By Product (UPS, PDU, Busway, Others), By End Use (IT & Telecom, BFSI, Government, Energy, Healthcare, Retail, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global data center power market is envisioned to garner $23,953.4million by 2031, growing from $11,200 million in 2021 at a CAGR of 8.0% from 2021 to 2031.
Data centers spend a lot of money on power, so to cover these operational costs, modern data centers install power systems that are both economical and efficient in terms of energy use. Therefore, the market’s growth is being boosted by the rise in use of modern data center power systems that meet modern IT capabilities in a cost-effective and energy-efficient manner. Many designers and manufacturers are deploying and implementing advanced management solutions, which are improving the energy consumption in these systems and driving the market growth globally to increase efficiency and decrease the power usage effectiveness (PUE) ratio.
Due to geopolitical unrest, vendors offering offshore data center power solutions and services are subject to regulations. Furthermore, due to increase in geopolitical tensions between nations, international regulatory compliances are becoming more complex. Geopolitical tension-related complications have emerged as a barrier to the global market's expansion.
Cloud computing is becoming more and more popular, and this is helping the market expand and give rise to massive hyperscale cloud data centers. By 2021, data center traffic is predicted by Cisco to reach 19.5 zettabytes (ZB) annually due to factors such as the expansion of Internet of Things (IoT) applications such as connected health devices, smart cities, and cars. Microsoft's Azure cloud has been carbon-neutral, and half of the energy it uses already comes from 1.2 gigawatts of wind, solar, and hydroelectric sources. For instance, as the pandemic increased demand for cloud computing tools from private- and public-sector organizations, Oracle Corporation, an American multinational computer technology corporation headquartered in Austin, Texas, opened its first cloud region in the Nordics in Stockholm, along with one in Milan, Italy, in December 2021.
The COVID-19 pandemic has altered how businesses conduct themselves in times of crisis. Businesses have updated their operating models to take into account the following, including improved health and safety provisions; increased support for mobile and remote working; requirements to automate business processes & functions; advancements in cybersecurity arrangements; and the transition to pay-per-use business models.
Flexible IT architectures and modified vendor commercial agreements are necessary for these changes. When it comes to a company's enterprise IT needs, a well-designed and configured cloud service can be the best choice, offering a practical solution with increased flexibility and security at a reasonable price.
The key players profiled in this report include Vertiv Group Corp., ABB, General Electric, Schneider Electric, Anord Mardix, ZincFive, Inc., Siemens, Mitsubishi Electric Corporation, Cisco Systems, Inc., and Eaton.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the data center power market analysis from 2021 to 2031 to identify the prevailing data center power market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the data center power market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global data center power market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
UPS
PDU
Busway
Others
By End Use
IT Telecom
BFSI
Government
Energy
Healthcare
Retail
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
UAE
South Africa
Rest of LAMEA
Brazil
Saudi Arabia
Key Market Players
ABB
Siemens
Vertiv Group Corp.
EATON
cyber power systems b.v.
Delta Electronics, Inc.
legrand
Mitsubishi Electric
PDU Experts UK
Anord Mardix
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