The global data center power market is expected to witness dramatic growth during the forecast period owing to the increase in IT infrastructure in developing economies. On the basis of the product, the UPS sub-segment is expected to be the most lucrative. Regionally, the Europe region is expected to experience gradual growth over the estimated period.
New York, USA, January 12, 2022 (GLOBE NEWSWIRE) – According to a report published by Research Dive, the global data center energy market should generate a turnover of $ 56,626.5 million and go up to a 7.2% CAGR over the estimated period 2020-2027.
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Impact of Covid-19 on the data center energy market
With the rise of the novel coronavirus, the data center energy market has seen a lasting impact. Due to the spontaneous spread of the deadly virus, many organizations quickly turned to working from home during the time of the crisis. In addition, the emergence of a new business environment has increased the demand for digitization and cloud services. All of these factors have resulted in the rapid growth of the market during the period of pandemic.
Learn about the impact of COVID-19 on the global data center power market: https://www.researchdive.com/connect-to-analyst/415
According to our analysts, with the increasing emphasis on developing IT infrastructure in developing economies, the market is expected to experience remarkable growth during the analysis period. In addition, the increasing development of advanced management solutions to reduce the efficiency ratio of power use and increase the efficiency of the power supply field of data centers is expected to drive the growth of the power supply market. data centers throughout the analysis period. Additionally, the growing importance of solar powered data centers due to their cost effectiveness and reduced carbon emissions is expected to amplify the market growth during the analysis period. However, the high initial investment of data centers may hamper the growth of the market over the estimated period.
Data Center Power Market Segments
The report has divided the data center power market into segments based on product, end use, and region.
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Product: UPS sub-segment will be the most lucrative
The UPS sub-segment is expected to generate sales of $ 35,628.9 million during the forecast period. This is mainly due to the growing implementation of cloud computing and the growing demand for sensitive data around the world. In addition, as the UPS power module provides uninterrupted power flow, enables software as a service (SaaS) access and helps achieve high performance, which are expected factors to accelerate the growth of the sub -data center power market segment during the analysis period.
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End use: IT and telecommunications sub-segment will be the most productive
The IT and Telecommunications sub-segment is expected to generate revenue of $ 9,115.7 million over the estimated period. This is mainly due to the growing number of IT and telecommunications service providers handling ever-increasing amounts of data. In addition, the increasing implementation of supportive policies by governments of developing economies is further expected to propel the growth of the sub-market during the estimated period.
Region: The Europe region will have vast growth opportunities
the Europe Region Data Center Electricity Market Expected To Generate $ 17,435.3 Million In Revenue By 2027 and is expected to experience steady growth during the analysis period. This is mainly due to the huge expansion of mobile broadband and the increasing use of cloud computing and big data analytics in this region. Moreover, the increasing investments in new product development by the data center service providers are expected to drive the regional growth of the market during the forecast period.
Key players in the Data Canter Power market
1. Vertiv Group Corp.
3. General electric
4. Schneider Electric
5. Anord Mardix
6. ZincFive, Inc.
8. Mitsubishi Electric Corporation
9. Cisco Systems, Inc.
These players are working on the development of new business strategies and tactics to achieve the leading position in the global industry.
For example, in August 2021, Intel, a leading US multinational technology company, announced its collaboration with Submer, a leading provider of high-end cooling and automation systems for data-intensive environments. and energy. With this collaboration, the companies aim to develop the precision immersion coolant cloud that will be used in next-generation data centers.
In addition, the report also summarizes other crucial aspects including SWOT analysis, latest strategic developments, product portfolio and financial performance of major players. Click here for the Top Business Development Strategies Summary Report.
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