Global data center power market was valued at USD 6.80 Billion in 2018. It is projected to grow at 6.9% compound annual growth rate (CAGR), from 2019 to 2025. An increase in the use of the cloud for data storage has led to an increase in the number of data centers around the world. These data centers use a lot of energy. Market growth is expected to be driven by the introduction of advanced power-saving systems and the rise of modular data centers.
Companies use advanced power management solutions, such as smart Uninterruptible Power Supply and intelligent rack Power Distribution Unit (PDU), to reduce their Power Usage Efficiency (PUE), and increase efficiency. This will be a positive factor for market growth in the future.
Data centers have seen a tremendous increase in the number of technologies and services available. Cloud computing requires high computational power. However, it has many benefits, including increased scalability and efficiency. This has led to many medium-sized businesses to set up data centers such as colocation and web hosting cloud. Mega and cloud data centers are also being used more frequently due to their increasing popularity. These datacenters need power in large quantities to perform peak data-intensive operations. This drives the demand for UPS and PDUs.
Modern data centers are being constantly replaced with newer, more advanced systems that offer power management and advanced technology. Market growth is expected to be driven by the shift in the industry towards colocation and hyperscale data centers. The market growth may be slowed by the high initial investment and insufficient availability of compatible devices.
Designers have been influenced by the rising cost of energy and increased awareness about energy conservation to choose intelligent power management solutions. The newest technology used to optimize energy consumption and lower the PUE ratio in data centers is the intelligent power strips, battery monitoring devices and PUE monitoring devices.
The market was divided into PDU, UPS, and busway based on product. In 2018, UPS dominated the market. This product was a big seller in 2018. The segment has seen significant growth due to the increased use of portable UPS systems for services such as Software as a Service (SaaS), high performance computing, online gaming and online media streaming.
From 2019 to 2025, the PDU segment will see a 7.0% CAGR. This is due to the increasing demand for intelligent power distribution devices. Companies have been shifting to intelligent PDUs over simple multi socket racks that include server and network equipment. Intelligent power distribution units are capable of measuring electrical parameters distributed across the environment and identifying environmental factors like temperature and humidity. These units also provide detailed information to data center administrators and operators, which allows them to identify faults and take appropriate energy efficiency measures.
The data center power market can be divided by end-use into IT and telecom, banking, financial service and insurance (BFSI), government and energy, healthcare and retail. The fastest-growing segment is IT and telecomms, which is expected to grow to USD 1.0billion by 2025.
The forecast period will see a rapid increase in demand for IT infrastructure. To manage large amounts of data, the emerging telecommunication infrastructure will require data storage facilities. Reliability, energy consumption, maintenance, and reliability are all critical for IT and telecommunications facilities. This will be a key driver of growth in the coming years.
BFSI is in high demand due to digitization and its increasing focus. The industry has also shifted its focus to cloud computing and cloud networking in order to increase banking capacity. This has led to a huge demand for data centres. Market growth is expected to be fueled by this factor over the forecast period.
North America accounted for the largest market share, in terms of revenue, in 2018, due to the high number of data centers around the globe. To reduce carbon footprints, and to decrease energy consumption, various regulations and norms have been implemented by regulatory agencies and governments. This has led to a high adoption rate of power management solutions that drive regional demand.
Organizations spend a lot of money on cooling and maintenance systems. It is therefore essential to include efficient power management devices like PDU, busway and UPS to reduce the amount of unnecessary expenditure at data centers.
Asia Pacific will see a high CAGR over the forecast period due to the rapid growth in colocation data centers in emerging nations like India and China. The forecast period will also see a rise in the number of global telecom subscribers who use smartphones and tablets worldwide.
This market is highly competitive, and there are many dominant players. These players are committed to introducing new solutions in order to maintain a competitive edge. Cyber Power Systems (USA), Inc., a manufacturer and designer of UPS, PDU, and other power system products, announced in March 2018 that it had launched Power Panel software for its UPS system. The software allows users remotely monitor UPS serial port numbers and to control unattended computer shut downs. This software has an additional function that allows users to be continuously notified about UPS-related power events. The market leader in data center power is:
ABB Group
Eaton
Schneider Electric
Cyber Power Systems
General Electric
Up Market Research published a new report titled “Data Center Power Market research report which is segmented by End Use (BFSI, IT & Telecom, Energy, Healthcare, Retail), by Product (Busway, PDU, UPS), By Players/Companies Cyber Power Systems, Eaton, Schneider Electric, ABB Group, General Electric”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Data Center Power Market Research Report |
By End Use | BFSI, IT & Telecom, Energy, Healthcare, Retail |
By Product | Busway, PDU, UPS |
By Companies | Cyber Power Systems, Eaton, Schneider Electric, ABB Group, General Electric |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End Use (BFSI, IT & Telecom, Energy, Healthcare, Retail), by Product (Busway, PDU, UPS).
Data Center Power Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Data Center Power Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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