The Data Center Power is a vital component that is involved in data centers, as it requires power management to conduct processes. It performs various operations including- implementing, identifying, and monitoring processes of power generation, optimization and consumption while using an effective power or mainly electricity to improve the efficiency of working operations in data centers. This function is applicable on both software and hardware levels of data centers and enables administrative control over processes and energy consumption of data centers, thus it is considered as a part of data center infrastructure management processes.
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The Global Data Center Power Market is growing at a steady rate and is expected to rise with a significant value during the forecast period. The increasing need for conventional and proper data storage application among various organizations is a major factor expected to drive the growth of the Global Data Center Power Market. The surging emergence of data centers raises the trends for enormous energy consumption cloud-based storage, thus the growing need for reduced and efficient power consumption among data centers propels the growth of the Global Data Center Power Market and is expected to induce flourishing growth opportunities for the market.
The increasing trends for moving workloads, in order to improve collocation centers with the rising implementation of efficient and reliable power management in hyper-scale data centers, are anticipated to exhibit various opportunities for the Global Data Center Power Market growth during the forecast period. The enhanced advancement in technologies and rising government initiatives and investments are additional factors, that are projected to drive the market growth of the Global Data Center Power Market.
Furthermore, the market growth of the Global Data Center Power Market in terms of market shares and revenues is studied on the basis of segmental analysis. The Data Center Power Market is segmented – By Component, By Verticals, By End User Type, and by Region. Based on the Component, the Data Center Power Market is bifurcated as Service and Solution segments. Additionally, the Service Segment is further segmented into- training and consulting, system integration, and support & maintenance. Whereas, the Solution segment is further segmented into- power distribution and management, power backup, and cabling infrastructure. The market is dominated by the power backup solution segment because without power backup the data centers could not be operated.
Based on the Verticals, the Data Center Power Market is segmented into- Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, IT and Telecom, Defense & Aerospace, and Others. The segment that is estimated to hold the largest market size and dominate the Data Center Power Market in IT and Telecom, as its basic structure executes enormous data center provision to control the flourishing quantity of data. Based on the End User, the Data Center Power Market is further categorized as Enterprise Data Center, Mid-Sized Data Center, and Large Data Center. The market is dominated by the Large Data Center segment and is expected to hold the largest market size and shares for Global Data Center Power Market as they extend above 25,000 sq. ft. area as well as provide superior ceiling facility installation and effortless move of effectiveness on manufacturing floors.
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Market Coverage
- Segment Covered-
o By Component
o By Verticals
o By End User
- Competitive Landscape- Schneider Electric, Vertiv, ABB, Eaton, Delta Electronics, Huawei, Legrand, Tripp Lite, Toshiba, Siemens, and Anord Mardix, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Data Center Power Market Segment
By Component
- Service
- Solution
By Verticals
- Banking, Financial Services, and Insurance (BFSI)
- Government
- Healthcare
- IT and Telecom
- Defense & Aerospace
- Others
By End User
- Enterprise Data Center
- Mid-Sized Data Center
- Large Data Center
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