Data Center Power Market Size, Share and Global Market Forecast, 2027

 

Data Center Power Market

The Data Center Power Market is projected to grow at a robust CAGR of 6.1% over the forecast period and is projected to reach USD 29,597 Million by the end of 2027.

The factors driving the growth of Data Center Power Market includes increasing energy consumptions around the world, growing investments by leading players for developing data center infrastructures and rising demand for Smart Uninterruptible Power Supply (UPS) systems and brownfield facilities. As per the report published by IEA, the energy consumption in the Middle East region has increased from 792 Mtoe in 2017 to 813 Mtoe in 2019, which is expected to boost the Data Center Power Market size in Middle East region. Moreover, the increasing adoption of advanced technologies such as cloud computing and Internet of things and integration of renewable sources of energy with the data center power facilities, are some of the factors augmenting the Global Data Center Power Market. In addition, the emerging need to reduce operational costs and increasing population levels across the globe, have supplemented the market growth.

However, the growth of Data Center Power Market is hindered due to high infrastructure cost for setting up data centers.

The major players operating in the market are Toshiba India Pvt. Ltd., Siemens, Vertiv Group Corp., ABB, Eaton, Huawei Technologies Co., Ltd., legrand, Tripp Lite., Delta Electronics, Inc., and Schneider Electric among others.

Product – Segment Analysis

Based on Product, the UPS segment is expected to capture the largest market share during the forecast period. The growing adoption of cloud computing and growing applications of UPS in online media streaming, Software as a Service (SaaS) and online gaming, are some of the key factors accelerating the growth of the segment.

End Use – Segment Analysis

Based on End-Use, the IT and telecommunications segment is projected to grow at a significant CAGR during the forecast period due to rapid growth in the IT infrastructures and increased demand for data storage facilities.

Regional: Segment Analysis

Based on region, North America is predicted to capture the highest market share during the forecast period. The presence of leading players, growing demand for new IT Infrastructures, adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) by major IT companies and increasing energy consumptions, have boosted the demand for Data Power Centers in North American region.

Market Segmentation

Global Data Center Power Market by Product

  • PDU
  • UPS
  • Busway
  • Others

Global Data Center Power Market by End Use

  • IT & Telecommunications
  • Banking, Financial Services and Insurance (BFSI)
  • Government and Defense
  • Healthcare
  • Research and Academic
  • Others

Global Data Center Power Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more