Data Center Power Market Key Players by 2024 are ABB Ltd., Eaton Corporation, Emerson Network Power, Fuji Electric, General Electric, Schneider Electric S.A

With the tech cosmos depicting massive growth potential in the years ahead, it is anticipated that data center power industry trends would undergo remarkable alterations, which would favorably influence the revenue graph of this business space. According to a comprehensive report collated by Global Market Insights, Inc., data center power market size is forecast to surpass a valuation of USD 27 billion by 2024.

In the recent times, the global data center power market space has been witnessing an unprecedented pace of growth courtesy- the surge in the number of data centers all over the world. The amount of data that is being generated and estimated to be generated in the immediate future can be rightly termed as gargantuan. This has, in turn, assisted the prominent data center operators to expand their services and augment their remuneration portfolio in a drastic way. While it is quite undeniable that the leading end-user of data center power industry has been the private sector, however, given the rising significance of e-governance across the globe, a plethora of government agencies have been compelled to get on the bandwagon of rapid digitization. Apparently, various government bodies, it has been observed, have been making extensive efforts to consolidate their respective data centers network, a trend which would eventually quicken the pace of data center power market size expansion over the estimated timeframe.

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While elaborating further upon the growth prospects of the data center power industry, it would be prudent to cite an exceptional instance that would reinforce the efficacy of the aforementioned declarations. As has been reported, Eaton Corporation, one of the foremost data center power market giant has been recently awarded a USD 10.7 million contract to enhance and upgrade the existing data center of Defense Information Systems Agency (DISA) in Ohio, U.S. The Ireland headquartered firm would deploy its expertise to expand the dual power network of the data center in a bid to fortify the center’s crucial uninterruptible power supply(UPS) systems, something which would augment the efforts of DISA to increase its mission loads and cater seamlessly to its consumers.

For the record, DISA is a United States Department of Defense combat support bureau which is responsible to provide communications and information technology support to national leaders such as President, Secretary of Defense, and other major leaders of the country. Needless to say, the latest contract is being dubbed by U.S. data center power industry giants as significant, given the fact that the federal government has been vigorously pursuing its targets prescribed in Data Center Optimization Initiative (DCOI), a data center consolidation programme mandated under the Federal IT Acquisition Reform Act (FITARA). As the industry players anticipate contributing toward the nation’s quest to cement its position in the global data centers infrastructure, it goes without saying that the U.S. data center power market size is set to expand at an exponential rate over the ensuing years.

The burgeoning demand for cloud storage has led to a surge in the number of data centers across the globe, which has consequentially led to data center power market witness a significant boost. As per some reliable estimates, the U.S. alone has over 3 million installed data centers, with close to 10 percent of the total electricity of the nation being utilized by these data centers. Concurrently, to put the current scenario into perspective, as per some authentic sources, the data centers apportioned a staggering five percent of the overall electricity generated all around the globe. Apparently, the aforementioned statistics further affirm the need to increase efficiency and reduce the power losses as an increasing number of data center operators have been facing enormous challenges on those fronts. Leading data center power industry giants appear keen on developing innovative solutions that would not only enhance the overall efficiency of data centers but would lower the operating costs as well, thereby propelling the growth prospects of data center power market over the forthcoming years.

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Partial Chapter of the Table of Content

Chapter 3. Data Center Power Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.2.1. Global data center industry landscape

3.2.1.1. North America

3.2.1.2. Europe

3.2.1.3. Asia Pacific

3.2.1.4. South America

3.2.1.5. MEA

3.2.2. Data center UPS industry landscape, 2013 – 2024

3.2.2.1. Data center UPS market size, by region, 2013 – 2024

3.2.2.1.1. North America

3.2.2.1.2. Europe

3.2.2.1.3. Asia Pacific

3.2.2.1.4. South America

3.2.2.1.5. MEA

3.3. Industry ecosystem analysis

3.3.1. Vendor matrix

3.4. Technology landscape

3.5. Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. South America

3.5.5. MEA

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Rising power consumption of data centers globally

3.6.1.2. Development and growing usage of modular data centers

3.6.1.3. Shift towards more intelligent power managing products

3.6.1.4. Growing demand for high power ratings

3.6.1.5. Increasing usage of OTT content services in North America

3.6.1.6. Rapid infrastructure development of various end-use segments in Europe

3.6.1.7. Widespread adoption of cloud computing and IoT in Asia Pacific

3.6.1.8. Rapidly developing IT infrastructure in China and India

3.6.1.9. Rise in number of data centers in South America

3.6.1.10. Increasing urbanization in MEA

3.6.2. Industry pitfalls and challenges

3.6.2.1. Slowdown in the semiconductor industry

3.6.2.2. Rising cost for raw materials and skilled labor

3.6.2.3. Complexity of data center designs

3.6.2.4. High initial investments

3.7. Growth potential analysis

3.7.1. Business model

3.8. Porter’s analysis

3.8.1. Threat of new entrants

3.8.2. Buyer power

3.8.3. Supplier power

3.8.4. Threat of substitutes

3.8.5. Industry rivalry

3.9. Competitive landscape, 2016

3.9.1. Strategy dashboard

3.10. PESTEL analysis

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