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(Wireless-NewsWire.Com, December 04, 2019 ) According to a research report "Data Center Power Market by Solution (Power Distribution & Measurement, Power Backup, Cabling Infrastructure), Service (System Integration, Training & Consulting, Support & Maintenance), End User, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the data center power market size is expected to grow from USD 13.5 billion in 2016 to USD 21.7 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period.
The need for cost optimization of a data center in terms of operational expenses, anomalies in power supply through Uninterruptible Power Supply (UPS) system, and rise in digitization and cloud computing are some of the factors driving the data center power market. The surge in construction of new data centers to efficiently manage the high consumption of energy by them is expected to boost the data center power market during the forecast period.
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Browse 79 market data tables and 52 figures spread through 154 pages and in-depth TOC on “Data Center Power Market - Global Forecast to 2021”
79 - Tables
52 - Figures
154 - Pages
Power backup segment to hold the highest market share in the data center power market
Power backup is one of the most important solutions that supply power to data centers during critical loads such as utility outage or unplanned downtime. Rising power outages due to environmental and mechanical problems and increasing construction of data centers due to the rise in demand for data storage are some of the major factors driving the adoption of power backup in data centers. The power backup solution provides power to the data center during utility failure to smoothly execute the business function and enhance its performance.
Support and maintenance services segment to grow at the highest CAGR during the forecast period
The support and maintenance segment among services is expected to grow at the highest rate during the forecast period due to the introduction of preventive maintenance and condition-based maintenance system. The preventive maintenance inspects and detects the potential vulnerabilities of hardware and software that may lead to power failure of the data center, whereas, the condition-based maintenance system inspects the condition of the IT components, servers, generators, breaker panels, cleaning of air or water filters, and updating of physical infrastructure with the latest firmware. The data centers are rapidly adopting the support and maintenance service as it helps in setting up the right power infrastructure, increases visibility, and caters to the organizations’ changing needs.
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North America to contribute to the highest market share, Asia Pacific (APAC) to grow at the highest rate
North America is expected to hold the highest market share and dominate the data center power market from 2016 to 2021, owing to the growing demand for a large number of data centers, rise in energy cost, and presence of a large number of players in the region. The APAC region is the fastest-growing region in the global data center power market due to the increasing data center construction, rising data storage demand, growing IT and telecom service, penetration of internet, growing economy, and government support for the data center construction.
Some of the major vendors providing data center power in the market are ABB (Switzerland), Schneider Electric (France), General Electric (US), Eaton (Republic of Ireland), Delta Electronics (Taiwan), Raritan Inc. (US), Rittal Corporation (US), Server Technology, Inc. (US), Tripp Lite (US), Black Box Corporation (US).
MarketsandMarkets™
Mr. Shelly Singh
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raviraj.tak@marketsandmarkets.com
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