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    Data Center Power Market

    Data Center Power Market
    Report code - SR1385 Delivery - 2 Weeks
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    Data Center Power Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Insights

    The Data Center Power Market size is projected to grow from USD 20.2 billion in 2021 to USD 31.0 billion by 2028 at a CAGR of around 6.2% during the forecast period.

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    What is a data center?

    A data center is known as a self-contained unit built in the building It is used to house computing equipment such as servers coupled with different components including network, telecommunications, and storage systems. Every data center involves the use of alternating current (AC) and direct current (DC) power since the AC is often converted to DC or vice versa.

    Key Players

    Some players operating in the data center power market are-

    • Vertiv Holdings Co (US)
    • Raritan (US)
    • ABB Ltd (Switzerland)
    • Eaton Corporation Plc (Ireland)
    • General Electric Company (US)
    • Rittal GmbH & Co. KG (Germany)
    • Schneider Electric SE (France)
    • Cummins (US)
    • Tripp Lite (US)
    • Hewlett-Packard Development (US)
    • Delta Power Solutions (Taiwan)
    • CyberPower Systems (US)
    • Santak (China).

    Market Dynamics

    • The increasing adoption of advanced technologies such as cloud computing in numerous end-use industries.
    • The growing use of data centers due to their superior benefits such as efficiency, enhanced scalability, and flexibility of business operations is another key factor propelling market growth.
    • Increasing demand for advanced systems to reduce power consumption and the emergence of modular data centers
    • Enterprises must reduce operational expenses to meet rising demands.
    • State-of-the-art power-saving variants are being introduced, alongside modular data centers, to reduce data centre power consumption.

    Segments Analysis

    Application Trends

    • The data center power market has been bifurcated into telecom & IT, banking, financial services and insurance (BFSI), government, and others.
    • The telecom & IT segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period.

    Regional Trends

    • The market in North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period.
    • The regional growth can be attributed to increasing demand for modular data centers and key market players such as Vertiv Holdings Co (US) and Raritan (US).
    • The market in Asia-Pacific is expected to be driven by the rising adoption of data centers in the end-use industries, particularly in China and India.

    Target Audience

    Here is the list of the group of customers that the data center power market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2022 to 2028.

    The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Data Center Power Market Features

    Market Size in 2028

    USD 31.0 billion

    Market Growth (2023-2028)

    6.2% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Component (Service (Support and maintenance, training and consulting, System integration), 

    Solution (Power backup, Power distribution and measurement, Cabling infrastructure)

    Data Center Size (Small & Mid-Sized Data Center, Large Data Center)

    Application (Telecom & IT, Banking, Financial Services and Insurance (BFSI), Government, Other)

    Region - COVID-19 Impact Analysis and Forecast to 2028

    Top Companies in 2022

    • Vertiv Holdings Co (US)
    • Raritan (US)
    • ABB Ltd (Switzerland)
    • Eaton Corporation Plc (Ireland)
    • General Electric Company (US)
    • Rittal GmbH & Co. KG (Germany)
    • Schneider Electric SE (France)
    • Cummins (US)
    • Tripp Lite (US)
    • Hewlett-Packard Development (US)
    • Delta Power Solutions (Taiwan)
    • CyberPower Systems (US)
    • Santak (China).

    Dominant Region

    North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period.

    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    1. Detailed profiling of additional market players (up to three players)
    2. SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Recent Developments

    In August 2022- Australian firm Canberra Data Centres (CDC) has launched two data centers in the Silverdale and Hobsonville areas of Auckland. Auckland Campus One in Silverdale and Hobsonville’s Campus Two can both support up to 14MW of power each. 

    Partners including Vodafone New Zealand, Vector, Kordia and Feenix are among the first New Zealand network service providers to service their customers’ IT needs from within the new facilities. Read more...

    In June 2022- Serverfarm, the innovative data center operator and developer, is expanding its carrier-neutral LON1 data center with an additional 8MW of highly efficient IT capacity in response to strong customer demand. 

    Serverfarm has operated its LON1 data center since March 2018 in Feltham, a location benefitting from its proximity to Slough, Hayes, Hounslow and Park Royal and strong connectivity to all major cloud platforms. Read more...

    In May 2022- Energy company, AES Corporation, has announced a 20-year agreement with Microsoft to provide renewable energy to its data centres in California.

    The agreement expands upon prior renewable energy agreements between the two companies, with AES supporting Microsoft in the pursuit of its goal of utilising 100 per cent of its electricity consumption, 100 per cent of the time, matched by zero-carbon energy purchases, by 2030. Read more...

    Frequently Asked Questions (FAQs)

    A data center is known as a self-contained unit built in the building It is used to house computing equipment such as servers coupled with different components including network, telecommunications, and storage systems. Every data center involves the use of alternating current (AC) and direct current (DC) power since the AC is often converted to DC or vice versa.

    The data center power market size is projected to grow from USD 20.2 billion in 2021 to USD 31.0 billion by 2028.

    The data center power market is expected to witness an impressive growth of 6.2% CAGR in the foreseeable future.

    Vertiv Holdings Co (US), Raritan (US), ABB Ltd (Switzerland), Eaton Corporation Plc (Ireland), General Electric Company (US), Rittal GmbH & Co. KG (Germany), Schneider Electric SE (France), Cummins (US), Tripp Lite (US), Hewlett-Packard Development (US), Delta Power Solu-tions (Taiwan), CyberPower Systems (US) and Santak (China) are among the key players in the data center power market.

    North America accounted for the largest market share in 2021.

    The increasing adoption of advanced technologies such as cloud computing in numerous end-use industries. The growing use of data centers due to their superior benefits such as efficiency, enhanced scalability, and flexibility of business operations is another key factor propelling market growth. Increasing demand for advanced systems to reduce power consumption and the emergence of modular data centers Enterprises must reduce operational expenses to meet rising demands. State-of-the-art power-saving variants are being introduced, alongside modular data centers, to reduce data centre power consumption.

    The telecom & IT segment accounted for the largest market share in 2021.

    By Component (Service (Support and maintenance, training and consulting, System integration), Solution (Power backup, Power distribution and measurement, Cabling infrastructure), Data Center Size (Small & Mid-Sized Data Center, Large Data Center), Application (Telecom & IT, Banking, Financial Services and Insurance (BFSI), Government, Other), and Region - COVID-19 Impact Analysis and Forecast to 2028.