Data Center Power Market 2018-2024: Leading Key Players ABB, GE, Active Power, Legrand, AEG Power Solutions, Black Box, Caterpillar Inc., Cummins Inc., Delta Systems, Inc., Eaton, Emerson Network Power, Generac Power Systems, HBL Power Systems Ltd.

Data center power market is witnessing increasing demand from the IT & telecom industry, which can be attributed to the enormous volume of data generated by the businesses that require adequate storage and demand for improving service levels. To streamline operations, reduce costs, and enhance the performance companies operating in the IT & telecom industry are focusing on deployment of these facilities. In addition, the infrastructure development across several countries by major IT companies such as IBM, Google and Microsoft are providing an impetus to the data center power market growth.

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Rising cost of energy and growing awareness of consumers to save electricity has led manufacturers to design intelligent power management products, which is helping reduce the power usage effectiveness (PUE) ratio and improve the energy consumption. The outdated facilities are being substituted with modern systems which consist of innovative management technologies. Moreover, the shift of the industry towards hyperscale and colocation facilities will fuel the demand for data center power market over the forecast timespan.

The rapidly rising energy costs has made the data center operators more inclined towards the greener facilities to improve the operational efficiency of the equipment, which will impact the sales of the equipment such as cabling, busways and intelligent PDUs over the forecast timespan. Players are manufacturing equipment with energy efficient technologies and are utilizing renewable and green energy for their products. In addition, data center power market service providers are implementing the adaptive control systems to minimize the energy consumption. The efficient power solutions installed in the facilities are helping companies to reduce the overall operating cost, which in turn are reducing the total cost of ownership (TCO).

Emerging trend of utilizing colocation facilities by companies in comparison to the construction of new facilities can be credited to the requirement of huge capital investments. Factors such as capital expenditures associated with building newer facilities followed by need for updating large computing centers are compelling the colocation data center power market growth. In addition, growing popularity of using colocation among the cloud service providers and private companies is fueling the industry growth. However, complexity of data center designs and high initial investments required for these facilities may hamper the data center power market growth.

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Increasing number of the facilities coupled with the rising investments by various business entities across the Nordic region will fuel the Europe data center power market growth. Several companies are focusing on making expansion in the region owing to the presence of abundant fossil fuels and the favorable temperature. Facility operators are investing in high amount in outsourcing the services to meet the ever-increasing capacity requirements. Growing demand of virtualization by businesses implementing and using cloud technology is expected to boost the deployment of power solutions in European countries.

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Key companies in the data center power market comprise ABB Ltd., Active POWER, AEG Power Solutions, Belkin International, Inc., Benning Power Electronic, Black Box Corporation, Borri Industrial Power Solutions, Caterpillar Inc., Clary Corporation, Controlled Power Company, Cummins, Inc., Cyber Power Systems, Inc., Delta Electronic Inc., Eaton Corporation, Emerson Network Power, Inc., Fuji Electric, Gamatronic Electronic Industries, Generac Power Systems, Inc., General Electric, HBL Power Systems, Hewlett-Packard Company, Huawei Technologies Co., Ltd., Intellipower, Inc., Legrand, Mitsubishi Electric, MTU Onsite Energy, Panduit, PhoenixContact, Piller Group, Power Innovations International Inc., Raritan, Inc., Server Technology, Inc., Siemens AG, TDK Corporation, Toshiba Corporation, Tripp Lite, Vertiv Co.

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