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Data Center Power Market to Hit 8% CAGR to 2024 | Top Key Players ABB Ltd., Toshiba Corporation, Emerson Network Power, Eaton Corporation, Schneider Electric SA, General Electric, Tripp Lite

11-30-2018 11:40 AM CET | Media & Telecommunications

Press release from: marketstudyreport.com

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Data Center Power Market, Data Center Power Market Size, Data Center Power Market trends,

Data Center Power Market, Data Center Power Market Size, Data Center Power Market trends,

MarketStudyReport.com offers 2017 report on Global Data Center Power market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Data Center Power Market is set to exceed USD 27 billion by 2024; according to a new research report. 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 The outdated facilities are being substituted with modern systems which consist of innovative management technologies.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.

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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.

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.

Key companies in the data center power market comprise Schneider Electric SA, ABB Ltd., Toshiba Corporation, Emerson Network Power, Eaton Corporation, General Electric, Tripp Lite, and Belkin International among others. Manufacturers are looking to spread their business and presence to potential regions such as Asia Pacific, South America and MEA by establishing more number of data centers.

The data center power market is significantly competitive, where the major players are competing based on customer base, and the need for high energy requirements. Intense competition prevails in the industry, where several SMBs and large businesses are implementing efficient facilities for their businesses to sustain in the intensely competitive environment. Several growing businesses are preferring the construction of new facilities instead to gain a competitive edge over their peers.

Table of Content:

Chapter 1. Data Center Power Market Methodology and Scope

Chapter 2. Data Center Power Market Executive Summary

Chapter 3. Data Center Power Industry Insights

Chapter 4. Data Center Power Market, By Component

Chapter 5. Data Center Power Market, By Application

Chapter 6. Data Center Power Market, By Region

Chapter 7. Data Center Power Market Company Profiles

For more information on this report at: https://www.marketstudyreport.com/reports/data-center-power-market/?utm_source=OPR-SP

Related Report:

2017 Europe Data Center Power Industry Report

This report is an essential reference for who looks for detailed information on Europe Data Center Power market. The report covers data on Europe markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Europe major vendors' information.

https://www.marketstudyreport.com/reports/2017-europe-data-center-power-industry-report?utm_source=RR-SP

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