Data Center Power Market witness the growth of $26.1 billion by 2025

According to a research report "Data Center Power Market by Solution (Power Monitoring, Power Distribution, Power Backup, and Cabling Infrastructure), Service (System Integration, Training & Consulting, and Support & Maintenance), End-User Type, Vertical, and Region - Global Forecast to 2025", size is expected to grow from USD 19.1 billion in 2020 to USD 26.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period. The key factors driving the data center power market include growing construction of new data centers due to the rising demand for data storage by organizations across the globe; The unprecedented rise in power consumption by the data centers has increased operational and power costs, and it has become a challenge for end users to manage and conserve power in the data centers. Thus, data center managers and IT professionals focus on the implementation of highly efficient data center power solutions for business continuity.

Browse 263 market data Tables and 59 Figures spread through 251 Pages and in-depth TOC on "Data Center Power Market - Global Forecast to 2025"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/data-center-power-market-262148719.html

Enterprises segment to hold the largest market size during the forecast period

Enterprises with a broad customer base and using high-end cloud computing services are adopting data center power systems. Data centers are now seen as a key business parameter and not as external facilities for the storage of information and business operation models. They have become critical for the functioning of big business enterprises. Any interruption in data center operations can virtually bring down any business to its knees, if an efficient data center power system is not adopted.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262148719

Support and maintenance segment to grow at the highest CAGR during the forecast period

Support and maintenance services help data center managers to overcome the complexities in setting up efficient power facilities. These services are provided by companies that help in offering optimized data center power facilities. It is difficult for enterprises to attain data center efficiency without the adoption of efficient power solutions and services. The data center infrastructure is complicated; thus, appropriate measures regarding energy efficiency need to be analyzed and taken into account before implementation.

North America to account for the largest market size during the forecast period

North America houses some of the major data center power vendors, such as Cisco, Vertiv, Tripp Lite and Cyber Power Systems. These players have their headquarters, direct sales offices, and large number of data centers in the region to cater to the North American client base. The data center power market in North America witnesses tremendous growth due to the rise in the adoption of cloud computing and economic growth. The enterprises in this region are adopting measures for minimizing operational costs and increasing Return on Investment (RoI) by focusing on energy efficient data centers that meet government regulations on environmental norms. The Multi-Tenant Data Center (MTDC) in North America experiences high growth due to the heavy demand from both private companies and governments.

The data center power market comprises major solution providers, such as Schneider Electric (France), Vertiv (US), ABB (Switzerland), Eaton (Ireland), Delta Electronics (Taiwan), Huawei (China), Legrand (France), Tripp Lite (US), Toshiba (Japan), Siemens (Germany), Mitsubishi Electric (Japan), Cisco (US), Kehua Tech (China), Socomec (France), Rittal (Germany), Cyber Power Systems (Germany), PDU Experts (UK), and Anord Mardix (Ireland, UK and US). Some startups includes Raman Power Technologies (UK), N1 Critical Technologies (US), Critical Power (US), bXterra Power Technology (US), ZincFive (US), ZRGP (China) and Hardy Racks (India).

Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=262148719

The study includes an in-depth competitive analysis of these key players in the data center power market with their company profiles, recent developments, and key market strategies.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.