(2023-2028) Data Center Power Market Growth, Industry Insights, SWOT Analysis, Consumption and Forecast

According to the latest report by IMARC Group, titled "Data Center Power Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028"The global data center power market size reached US$ 21.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Data Center Power Market Overview:

A data center is a facility that includes computer systems and associated components, such as telecommunications and storage systems. It requires a significant amount of power to operate efficiently and reliably. It refers to the electrical energy required to run these systems and keep them cool. It consumes a lot of power due to the high number of servers, networking equipment, and cooling systems necessary to keep the hardware from overheating. The power requirements of a data center vary significantly depending on the size and complexity of the facility, as well as the type of equipment being used. It comes from various sources, including the local power grid, backup generators, and alternative energy sources such as solar or wind power. Moreover, data centers utilize advanced cooling systems to maintain optimal temperature and humidity levels, prevent equipment failures, and reduce energy consumption.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/data-center-power-market/requestsample

Global Data Center Power Market Trends:

Significant growth in the information technology (IT) sector majorly drives the global market. This can be supported by the increasing digitization of enterprises and the growing adoption of mega data centers and cloud computing systems. Along with this, the rising demand for cloud data storage is leading to increased data center demand across the globe. Additionally, the growing need for the ability to provide high-performance computing, online gaming, and media streaming services among data centers, is significantly supporting the market.

In addition, several organizations in both developed and emerging economies are adopting power solutions to enhance their operations' efficiency, scalability, and flexibility, which is acting as another growth-inducing factor. Furthermore, the increasing replacement of conventional devices with more technologically advanced alternatives is creating a positive market outlook. Some of the other factors driving the market include the widespread adoption of energy-efficient power solutions and continual technological advancements.

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/data-center-power-market

Key Market Segmentation:

Top Data Center Power Companies:

• ABB
• Black Box Corporation
• Eaton Corporation
• General Electric
• Legrand SA
• Delta Electronics
• Schneider Electric
• Raritan Corporation
• Cisco Systems
• Vertiv Co.
• Tripp Lite
• Huawei
• Generac Power Systems
• Fujitsu
• Cyber Power Systems
• Server Technology

Breakup by Solution Type:

Power Distribution and Measurement:

• Intelligent PDUs
• Non-Intelligent PDUs
• Monitoring Software

Power Backup:

• UPS Devices
• Generators

Cabling Infrastructure:

• Transfer Switches
• Switchgear

Breakup by Service Type:

• System Integration
• Training and Consulting
• Support and Maintenance

Breakup by Size:

• Mid-Size Data Center
• Enterprise Data Center
• Large Data Center

Breakup by Vertical:

• BFSI
• Telecommunication and IT
• Energy
• Manufacturing
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.