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 UPS system 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.
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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., ABB, Huawei Technologies Co., Delta Electronics Inc., Siemens, Eaton, Ltd., legrand, Tripp Lite., Schneider Electric and Vertiv Group Corp., 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
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