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Data Center Generator Market Report 2023 - Market Size, Growth Rate, Major Drivers And Key Trends | Caterpillar Inc., Cummins Inc., ABB Ltd., Generac Power System Inc., Kohler Co, Mitsubishi Motors Corporation
Data Center Generator Global Market Report
The Business Research Company's Data Center Generator Global Market Report 2023 identifies the increase in the number of data centers is expected to propel the growth of the data center generator market. A data center is a huge group of linked computer servers that businesses typically employ for the distant processing, archiving, or transport of massive amounts of data. The increased demand for data center capacity is rising to unprecedented heights due to digital transformation and the rise of cloud services. Consumer-focused cloud providers and hyperscale operators are aggressively growing their operations, for which they need data center generators. In the event of a utility power outage, a data center generator can be used to supply backup power.
The global data center generator market size is expected to grow from $5.80 billion in 2022 to $6.13 billion in 2023 at a compound annual growth rate (CAGR) of 5.69%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data center generator market is expected to reach $7.63 billion in 2027 at a CAGR of 5.61%.
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Major players in the data center generator market are Caterpillar Inc., Cummins Inc., ABB Ltd., Generac Power System Inc., Kohler Co, Mitsubishi Motors Corporation, Hitech Power Protection, Rolls-Royce PLC., Aggreko Company, Bruno Generators, Eaton Corporation and F.G. Wilson.
A key trend in the Data Center Generator market includes the Technological advancement is a key trend gaining popularity in the data center generator market. Major players in data center generators are concentrating on providing their products with cutting-edge features by using advanced technologies such as automation and remote monitoring.
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The Data Center Generator market is segmented -
1) By Product: Diesel, Gas, Other Products
2) By Capacity: < 1 MW, 1 MW-2MW, >2MW
3) By Tier Standard: Tier I And II, Tier III, Tier IV
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Data Center Generator market.
The Business Research Company's "Global Data Center Generator Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Data Center Generator Market Include:
1. Executive Summary
2. Data Center Generator Market Characteristics
3. Data Center Generator Market Trends And Strategies
4. Data Center Generator Market - Macro Economic Scenario
5. Data Center Generator Market Size And Growth
……
27. Data Center Generator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Center Generator Market
29. Data Center Generator Market Future Outlook and Potential Analysis
30. Appendix
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