The global data center power market is expected to reach USD
10.77 billion by 2025, according to a new report by Grand View Research, Inc.
The global data center power market is majorly driven by the shift of various
end-users towards hyper-scale and colocation data centers. The increase of such
data center facilities is anticipated to result in an increasing demand for
data center power equipment in the coming years.
Globally, data centers consume
around 3% of the total energy generated, which is a considerably high figure.
Moreover, since the energy prices are rising, the need to reduce PUE ratios is
also growing. Data center designers are currently adopting advanced power
distribution and management solutions to attain energy efficiency at lesser PUE
ratios. This goal of reducing the PUE ratio is further expected to spur the
demand for advanced and intelligent data center power products over the
forecast period.
Uninterrupted Power Supply (UPS)
is the backbone of data centers and are significantly deployed for the smooth
working of servers and other networking devices. Furthermore, the cost of UPS
is significantly higher than any other data center power products. As a result,
the UPS product segment dominated the global data center power market in 2016.
Additionally, most data centers use the smart UPS system, battery monitoring
devices, and intelligent power distribution systems in a bid to reduce the PUE
ratio. The increasing penetration of these new devices is further expected to
boost the demand for UPS over the forecast period.
The U.S. has some of the biggest
data centers in the world. The country accounted for more than 70% of the total
market share of North America in 2016. Furthermore, Asia Pacific is projected
to be the highest growing region owing to the increasing number of co-location
data centers in developing countries such as India and China.
India data center power market
by product, 2014 - 2025 (USD Million)
Browse full research report on
Data Center Power Market
Further key findings from
the report suggest:
- The global
data center power market is expected to witness a CAGR exceeding 6% from
2017 to 2025, owing to the increasing trend towards reducing the PUE ratio
for better energy management in data centers.
- The
increasing penetration of IoT connectivity and the integration of
artificial intelligence are expected to favorably impact the data centers
market, thereby driving the demand for data center power systems over the
coming years.
- The UPS
segment accounted for the largest share in 2016, which is accredited to
the increasing demand for energy in data centers along with increasing
penetration of co-location data centers globally.
- North America
accounted for over 35% of the overall revenue share in 2016 and is also
expected to dominate the market over the forecast period, owing to the
increasing number of data centers in the U.S.
- Key players
that captured a significant market share in 2016 were Vertiv Co.,
Schneider Electric, Legrand, General Electric, and Eaton, among others.
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.
For
more information: http://www.grandviewresearch.com
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