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Global Data Center Containment Solution Market is anticipated to surpass US$ 2 Bn during forecast period (2020-2030)
Data Center Containment Solution Market
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Moreover, rising demand for big data and analytics from sectors such as BFSI, telecom, IT, and healthcare, to name a few, is expected to boost sales of data center containment solutions. In addition, with growth in the e-Commerce industry, small and large retail companies are mobilizing their resources online to provide exceptional service to customers. This will need data centers with appreciable efficacy, in turn, contributing to the growth of the data center containment solution market over the next ten years.
Key Takeaways from Data Center Containment Solution Market Study
• Under the impact of COVID-19, the global data center containment solution market is expected to create an absolute $ opportunity of around US$ 1.5 Bn, and expected to expand at an impressive value CAGR of 15% during the forecast period of 2020-2030
• By containment type, aisle containment is foreseen to grow 4.6X than curtain containment in 2020. On the other hand, curtain containment will account for 13.5% of the overall absolute dollar opportunity created during the forecast period
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• By arrangement, the hybrid (soft + rigid) segment is anticipated to grow, gaining 162 BPS over the course of the forecast duration.
• By data center type, large enterprises are projected to account for 61% of the total sales in 2020, anticipated to create an absolute $ opportunity of more than US$ 810 Mn during the forecast period.
• The data center containment solution market in South Asia & Oceania is expected to grow the fastest by experiencing a value CAGR of 17%, whereas North America is projected to be valued 4.6X times than that of South Asia & Oceania, and is estimated to account for a major chunk of the demand pie by the end of the forecast period.
“The COVID-19 pandemic has hit market players, and demand from SMEs in the short-term will be relatively low considering the cash crunch. However, the recent evolution of the e-Commerce industry and transition of data centers towards renewable sources of energy will assist the growth of the global data center containment solution market,” says a Fact.MR analyst.
Key Players Focusing on Acquisitions to Stimulate Growth
Prominent players in the data center containment solution market are Vertiv Group Corp., Eaton Corp PLC, nVent Electric PLC, Legrand SA, Subzero Engineering, The Siemon Company, Maysteel Industries, LLC, 42U (DirectNet), Crenlo LLC, Tate Access Floors, Inc., Sealco, LLC, and Polargy, Inc., among others.
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Companies are focusing on targeting potential acquisitions and mergers in order to drive innovations, enhancing investments in new business fields, and improving their competitive position in the market.
• In 2020, Eaton completed the acquisition of Power Distribution, Inc., which is a leading supplier of mission-critical power distribution, static switching, and power monitoring equipment and services for data centers and industrial and commercial customers. With this acquisition, it will enable the company to better serve its data center customers.
• In 2019, Vertiv completed the acquisition of U.K.-based Geist, which is a manufacturer of Rack Power Distribution Units (PDUs) and associated data center products. Through this acquisition, the company will diversify its portfolio to meet the needs of cloud and colocation providers for commercial and industrial customers.
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