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Data Center Power Market 2024: Key Players Delta Electronics, Eaton Corporation, ABB, GE, HBL Power Systems Ltd., Toshiba Corporation, Vertiv, Cyber Power Systems (USA), Inc., Caterpillar Inc.

03-09-2020 06:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Data Center Power Market

Data Center Power Market

Prolific data center power market growth may be attributed majorly to the emergence of sophisticated trends in the technological sphere, including cloud computing and virtualization. The rising demand for cloud-based storage has led to a massive surge in data center establishment worldwide, in turn increasing energy consumption.

To cite an example, the U.S Department of Energy has estimated that nearly 2% of the total energy consumption in the region is accounted for by data centers. Therefore, in order to enhance the PUE (power usage efficiency) ratio and general energy efficiency, many manufacturers are now focusing on the development and implementation of sophisticated solutions for energy management, including smart UPS, battery monitoring equipment as well as smart rack PDUs. These developments will serve as the key drivers propelling the global data center power market demand over the coming years.

In light of the surging levels of energy consumption and the subsequent rise in carbon emissions, many businesses across the globe are working towards building and implementing green infrastructure facilities. These environmentally friendly data centers are enabling enterprises to optimize their energy efficiency, reduce energy consumption and consequently diminish their carbon footprint.
Within larger enterprises and SMBs, the use of such facilities is expanding rapidly for the consistent compilation, assessment, processing and distribution of large data volumes. Entertainment, IT and telecom industry players are introducing and utilizing power management systems for their networks, thereby catalyzing data center power market development.

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With regards to the application landscape, data center power industry from the colocation segment has held a prominent position in the overall market share in myriad European and Asian nations over the past few years. Organizations are working on the steady transition of their IT resources to cloud-based platforms, thereby presenting lucrative growth prospects to several business servers and cloud service providers.

Moreover, the colocation services providers offer consistent support and service to businesses, thus boosting their efficiency and profitability. Concentrated efforts towards capital from businesses and diminishing operational costs are also likely to foster worldwide data center power market outlook.

Pivotal driving forces fueling the North America data center power market share include the virtualization and digitalization that have given rise to numerous cloud-based enterprises, in turn adding impetus to market growth.
This development may be ascribed largely to eminent players in the public cloud sphere, including Amazon and Microsoft, which are presenting propitious opportunities for the development of advanced data centers alongside refurbishment and upgradation of existing legacy data centers.

In 2016, the US proved to be a major revenue pocket for the data center power market, with its efforts towards encouraging the use of sustainable energy sources for powering data center facilities in the region.

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Key players in the overall data center power market are making consistent efforts towards earning major market shares in untapped locations by focusing on expanding their product portfolio. Likewise, the evolving industry demands are necessitating a shift in focus for suppliers, towards the production of more efficient power management solutions which will aid in performance optimization. Major industry participants include General Electric Co., Schneider Electric S.A., Siemens AG, Delta Electronics Inc, Eaton Corporation, Emerson Corporation, Ametek, Inc, ABB Ltd. and Mitsubishi Electric.

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Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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