Data Center Power Market Sluggish Growth Rate Foreseen by 2023-2030

Data Center Power is a vital component that is involved in data centers, as it requires power management to conduct processes.  It performs various operations including- implementing, identifying, and monitoring processes of power generation, optimization and consumption while using an effective power or mainly electricity to improve the efficiency of working operations in data centers. This function is applicable on both software and hardware levels of data centers and enables administrative control over processes and energy consumption of data centers, thus it is considered as a part of data center infrastructure management processes.

The Global Data Center Power Market is growing at a steady rate and is expected to rise with a significant value during the forecast period. The increasing need for conventional and proper data storage application among various organizations is a major factor expected to drive the growth of the Global Data Center Power Market. The surging emergence of data centers raises the trends for enormous energy consumption cloud-based storage, thus the growing need for reduced and efficient power consumption among data centers propels the growth of the Global Data Center Power Market and is expected to induce flourishing growth opportunities for the market.

Furthermore, the market growth of the Global Data Center Power Market in terms of market shares and revenues is studied on the basis of segmental analysis. The Data Center Power Market is segmented - By Component, By Verticals, By End User Type, and by Region. Based on the Component, the Data Center Power Market is bifurcated as Service and Solution segments. Additionally, the Service Segment is further segmented into- training and consulting, system integration, and support & maintenance. Whereas, the Solution segment is further segmented into- power distribution and management, power backup, and cabling infrastructure. The market is dominated by the power backup solution segment because without power backup the data centers could not be operated.

Based on the Verticals, the Data Center Power Market is segmented into- Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, IT and Telecom, Defense & Aerospace, and Others. The segment that is estimated to hold the largest market size and dominate the Data Center Power Market in IT and Telecom, as its basic structure executes enormous data center provision to control the flourishing quantity of data. Based on the End User, the Data Center Power Market is further categorized as Enterprise Data Center, Mid-Sized Data Center, and Large Data Center. The market is dominated by the Large Data Center segment and is expected to hold the largest market size and shares for Global Data Center Power Market as they extend above 25,000 sq. ft. area as well as provide superior ceiling facility installation and effortless move of effectiveness on manufacturing floors.

To Request a Sample of our Report on Data Center Power Market:  https://www.omrglobal.com/request-sample/data-center-power-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Component
By Verticals
By End User
Competitive Landscape- Schneider Electric, Vertiv, ABB, Eaton, Delta Electronics, Huawei, Legrand, Tripp Lite, Toshiba, Siemens, and Anord Mardix, among others.

Data Center Power Market Segment

By Component

Service
Solution

By Verticals

Banking, Financial Services, and Insurance (BFSI)
Government
Healthcare
IT and Telecom
Defense & Aerospace
Others

By End User

Enterprise Data Center
Mid-Sized Data Center
Large Data Center

A full Report of Data Center Power Market is Available at:  https://www.omrglobal.com/industry-reports/data-center-power-market

Data Center Power Market Segment by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/data-center-power-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.