Global Data Center Power Market Information Technology Deployment in the Industry Organi Current and Planned IT Trends
Global Data Center Power Market Industry Data Center Power Market
DUBLIN, Feb. 21, 2024 (Globe Newswire) — The Power of Data Centers – Market Share Analysis, Industry Trends and Statistics, Growth Forecasts 2021-2029 report has been added. ResearchAndMarkets.com Recruitment.
The global data center power market is estimated at USD 24.41 billion in 2024 and is projected to reach USD 33.44 billion by 2029, growing by 6.5% during the forecast period (2024-2029). will grow at a CAGR of
Increasing adoption of mega data centers is driving the market. Deploying fewer mega data centers based on location allows companies to take advantage of specific regions, such as low energy prices, favorable climate, and availability of alternative energy sources. Virtualization significantly improves hardware utilization and allows businesses to reduce the number of power-hungry servers and storage devices.
Main highlights:
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The increasing adoption of cloud computing is driving the growth of hyperscale cloud data centers. Cisco has introduced solutions that help enterprises and hyperscale companies deliver richer cloud applications while consuming less space and power.
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Greenfield and brownfield facilities, along with the deployment of modular data centers, are driving demand for power systems. The expansion of edge computing and secondary data center markets is also increasing the need for efficient power infrastructure.
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Rising electricity costs, concerns about carbon emissions, and efforts by hyperscale operators to integrate renewable energy are transforming the market.
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The data center is equipped with a 2N redundant UPS system for increased reliability. Factors such as cost, reliability, efficiency, and serviceability influence the adoption of UPS systems and generators.
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Intelligent Rack PDU solutions meet the complex facility needs of colocation providers seeking modern, high-availability infrastructure solutions.
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Despite market growth, increased investment in areas such as cabling, power equipment, and data center infrastructure management (DCIM) solutions is constraining.
Data center power market trends:
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The IT sector has a significant market share, and the expansion of cloud storage and IT companies’ focus on efficient power implementation are driving demand for efficient power solutions.
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Cloud storage providers like AWS, Microsoft, and Google are expanding their capabilities globally by announcing new data centers and regions.
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Businesses around the world are investing in expanding their data centers, increasing the demand for power solutions. New entrants are also investing in ultra-large facilities.
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The Asia-Pacific region, particularly China and Japan, is experiencing high market growth due to the development of new data centers and government initiatives to promote clean energy.
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Japan plans to subsidize carbon-free data centers and build them in cold regions to reduce energy consumption and carbon emissions.
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Market vendors are focused on green energy initiatives and partnerships to support renewable energy development.
Data center power industry overview:
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The market is highly fragmented and players are adopting strategies such as mergers, acquisitions, collaborations, and partnerships.
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Key companies include Schneider Electric SE, Fujitsu Limited, and Cisco Technology Inc.
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Recent developments include Equinix’s new data center plans in Jakarta and Eaton’s Tripp Lite introduction of industrial Ethernet switches for demanding environments.
Covers key topics
1.First of all
1.1 Research assumptions and market definition
1.2 Scope of investigation
2 Research method
3 Executive summary
4 Market dynamics
4.1 Market overview
4.2 Market drivers
4.2.1 Increased adoption of mega data centers and cloud computing
4.2.2 Increasing demand to reduce operational costs
4.3 Market constraints
4.3.1 High installation and maintenance costs
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
4.4.1 Threat of new entrants
4.4.2 Bargaining power of buyers
4.4.3 Bargaining power of suppliers
4.4.4 Threat of substitute products
4.4.5 Intensity of competition
4.5 Assessing the impact of COVID-19 on the market
5 Technology Snapshot
6 Market segmentation
6.1 By type
6.1.1 Solution
6.1.1.1 Power distribution unit
6.1.1.2 UPS
6.1.1.3 Busway
6.1.1.4 Other solutions
6.1.2 Services
6.1.2.1 Consulting
6.1.2.2 System integration
6.1.2.3 Professional Services
6.2 By end user application
6.2.1 Information technology
6.2.2 Manufacturing
6.2.3 BFSI
6.2.4 Government
6.2.5 Telecommunications
6.2.6 Other end-user applications
6.3 By data center size
6.3.1 Small and Medium
6.3.2 Large
6.4 By geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia Pacific
6.4.4 Rest of the World
7 Competitive environment
7.1 Company profile
7.1.1 Schneider Electric SE
7.1.2 Fujitsu Limited
7.1.3 Cisco Technology Corporation
7.1.4 ABB Corporation
7.1.5 Eaton Company
7.1.6 Trip Light
7.1.7 Rittal GmbH & Co. KG
7.1.8 Schleifenbauer
7.1.9 Vertiv Inc.
7.1.10 Legrand SA
7.1.11 Black Box Co., Ltd.
8 Investment analysis
9 Market opportunities and future trends
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