The global data center power market was valued around USD15 billion in 2015 and is expected to surpass USD29 billion by 2020, says Technavio.
Technavio has announced its latest market research report on data center power for the forecast period, 2016-2020. This market analysis, under the data center vertical, discusses the major drivers and key emerging trends that will influence the growth of the global data center power market during the forecast period. Some of the top vendors listed in this industry analysis include ABB, Delta Electronics, Eaton, Emerson Network Power, GE Industrial Solutions, Legrand, and Schneider Electric.
Among various regions, the Americas will be the fastest-growing region in the global market, and is expected to contribute revenues of around USD12 billion by 2020. The US will emerge as the key revenue-generator of the region.
“The market is likely to witness an increased adoption of DCIM in data centers over the next four years. DCIM enables efficient management of power systems in data centers through remote software and sensors attached to the system. Vendors are focused on providing DCIM software to data center operators to monitor and manage PUE in data centers. DCIM examines power flow paths, capacity management, power quality, power supply to racks, and IT infrastructure power consumption,” says Abhishek Sharma, an industry analyst at Technavio for research on data center.
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This new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increased construction of green data centers
The increase in carbon emission and the consumption of electricity through data centers globally is creating awareness among enterprises toward the construction of green data center facilities. These facilities aid in the operation of energy-efficient infrastructure and reduces the electricity consumption and carbon footprint. Advanced technologies and strategies are applied in a data center to improve its performance. Concepts such as consolidation, use of renewable energy sources, free cooling, and waste recycling are some of the methodologies executed in green data centers.
Increase in data center investment
The number of data centers is rising worldwide with the augmented use of cloud-based services and big data analytics. Presently, developed countries are the largest markets for data center operations. These data centers are renewed with modern power infrastructure to reduce energy wastage and gain control over the power consumption through DCIM. The number of data centers in developing countries has increased significantly, which is driving the adoption of power management products in these countries. The rising demand for data centers, especially in developing countries, should boost the overall market growth during the forecast period.
Increase in data center power outages
Many enterprises need data centers to back operations and address growing businesses on a local and global scale. Several data centers, already in operation globally, are being renovated to support the power infrastructure as per the tier standards redundancy requirement. The renovation allows data centers to be equipped with advanced power infrastructure. Besides these, many countries suffer from frequent natural disasters that leads to power outages and fluctuations in power distribution. In such situations, modern power systems are also being developed to deal with frequent power outages regarding load balancing. The need for redundant power systems owing to the increased power outage and shortage will boost the market growth during the forecast period.
Some of the other prominent vendors identified in this report are Active POWER, AEG Power Solutions, Black Box Network Service, Caterpillar, Controlled Power Company, Cummings, Cyber Power Systems, Generac, HP, MTU Onsite Energy, Rittal, S&C Electric Company, Server Technology, Siemens, Tripp Lite, and Panduit.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Data Center Power Market 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Data Center Market in China 2016-2020
- Data Center Market in Europe 2016-2020
- Global Data Center Infrastructure Management Market 2016-2020
- Data Center Ups Market in US 2016-2020
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