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Data Center Power Management Market Size, Share, Growth Analysis, Trends And Industry Forecast 2023-2032 | Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Schneider Electric SE, ABB Ltd.
Data Center Power Management Market Report
The Business Research Company's Data Center Power Management Global Market Report 2023 identifies increasing data traffic as the major driver for the data center power management market's growth in the forecast period. Data traffic refers to the movement of digital data packets across a computer network or the internet. Power management is necessary for data centers to manage the data traffic and guarantee the dependability and accessibility of data center services while lowering energy usage and costs.
The global data center power management market is expected to grow from $19.59 billion in 2022 to $20.79 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The data center power management market is expected to reach $27.94 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the data center power management market are Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Schneider Electric SE, ABB Ltd.
A key trend in the data center power management market includes product innovation. Major companies operating in the data center power management market are focusing on developing new products to sustain their position in the market. For instance, in June 2021, Eaton, a US-based power management company, launched the iCube 2.0 and the 9PX lithium-ion UPS power supply series. The unique feature of iCube 2.0 and 9PX Lithium-ion UPS is the ability to satisfy the demand for quick and sustainable computing capability while ensuring energy efficiency. The Eaton Intelligent Power Manager, included with the 9PX Li-ion UPS, enables advanced load-shedding capabilities to power crucial operational loads for extended periods and allows deep integration with VMware and HyperV virtual environments. This software enhances infrastructure resilience against unfavorable power and environmental events through disaster recovery automation.
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The data center power management market is segmented -
•By Component: Hardware, DCIM (Data Center Infrastructure Management) Software, Services
•By Data Center Type: Modular Data Centers, Colocation Data Centers, Cloud Data Centers, Edge Data Centers, Hyperscale Data Center, Micro Mobile Data Centers
•By Installation Type: New Installation, Retrofit Or Upgrade
•By Industry: Banking, Financial Services And Insurance(BFSI), Healthcare, Manufacturing, IT And Telecom, Media And Entertainment, Retail, Government, Other Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the data center power management market.
The Business Research Company's "Global Data Center Power Management 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 Power Management Market Include:
1. Executive Summary
2. Data Center Power Management Market Characteristics
3. Data Center Power Management Market Trends And Strategies
4. Data Center Power Management Market - Macro Economic Scenario
5. Global Data Center Power Management Market Size and Growth
……
32. Global Data Center Power Management Market Competitive Benchmarking
33. Global Data Center Power Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Center Power Management Market
35. Data Center Power Management Market Future Outlook and Potential Analysis
36. Appendix
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