Data Center Power Market Is Anticipated To Expand At A CAGR Of 6.1% By 2022-2028

Market Overview:

The Global Data Center Power Market Size Was Valued At USD 8.49 Billion In 2021 And Is Projected To Reach USD 12.85 Billion By 2028, Growing At A CAGR Of 6.1% From 2022 To 2028.

The need for data center electricity is increasing as more and more data center designers implement cutting-edge power management and distribution strategies to increase energy efficiency at lower Power Usage Effectiveness (PUE) ratios. In order to handle the diverse feed designs of the facilities and frequent failure, many facilities across the worldwide market are implementing 2N redundant UPS systems, as well as energy-efficient solutions in other segments like PDU, Busway, etc.

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Market Dynamics:

Driver:

Cloud computing is becoming more and more popular, and this is helping the business expand and give rise to massive hyperscale cloud data centres. By 2021, data center traffic is predicted by Cisco to reach 19.5 zettabytes (ZB) annually due to factors like the expansion of Internet of Things (IoT) applications like connected health devices, smart cities, and vehicles. Microsoft's Azure cloud has been carbon-neutral, and half of the energy it uses already comes from 1.2 gigawatts of wind, solar, and hydroelectric sources. The business anticipates that by 2020, their data center architecture will be powered by 60% renewable energy, and eventually 100%.

Key Market Trends:

Growing The Efficiency By Renovating Data Centers
The need for existing data centres to be renovated has grown as a result of the rise in data generation and the requirement to enhance data center performance. There are numerous justifications for updating server rooms and data center settings. When used in environments with high ambient temperatures and/or harsh environmental conditions, equipment ages as a result. Data center renovations are carried out to improve infrastructure, expand the amount of space and power available, and boost the overall dependability of data center facilities. Businesses refurbish data centres because doing so is less expensive than creating new ones.

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Market Segmentation

By Solution
• Power Monitoring
• Power Distribution
• Power Backup
• Cabling Infrastructure

By End User

• BFSI
• IT and Telecommunications
• Government and Defense
• Healthcare
• Others

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Major Key Players Considered in the Market
• Server Technology Inc.
• Tripp Lite
• Black Box Corporation
• Hewlett Packard Enterprise Company
• Cyber Power Systems Inc.
• ABB Group
• Schneider Electric
• General Electric
• Eaton Corporation
• Delta Electronic Inc.
• Raritan Inc.
• Rittal Corporation
• Vertiv
• Huawei
• Legrand
• Toshiba
• Siemens
• N1 Critical Technologies and other major key players.

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Key Industry Developments In The Data Center Power Market

March 2020, The Smart-UPS Lithium-ion was the first UPS category introduced by Schneider Electric. It is intended for small data centres and regional edge environments. The second category is the APC Easy UPS 1 Ph Online, a flexible, superior-quality, and reasonably priced UPS designed to manage high voltage and erratic power circumstances.

Table OF Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Solution
 3.2 By End User
Chapter 4: Market Landscape
Chapter 5: Data Center Power Market by Solution
To Be Continued……

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