Press release
Global Data Centre Power Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2024-2032
Data centre power refers to the solutions and services used in data centres to supply and manage power required for the operation of data storage systems and information technology (IT) infrastructure. These include power distribution units, uninterruptible power supplies (UPS), generators, and cooling systems. The efficient management of power is crucial for ensuring the reliability, performance, and cost-effectiveness of data centres.
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The primary driver of the global data centre power market growth is the exponential increase in data generation and the subsequent need for data storage and processing. This surge is largely attributed to the widespread adoption of cloud computing, big data analytics, and the Internet of Things (IoT).
Furthermore, the rising demand for energy-efficient and reliable power solutions in data centres is propelling market growth. With increasing energy costs and the global focus on sustainability, data centre operators are seeking innovative solutions to optimise power usage and reduce their carbon footprint.
As per the data centre power market analysis, the advancements in technology, such as the development of modular data centres and the integration of AI and machine learning for power management, are also contributing significantly to market expansion. A notable trend in the data centre power market is the increasing adoption of green data centres. These data centres are designed to maximise energy efficiency and minimize environmental impact, aligning with global sustainability goals.
There is a growing inclination towards the use of renewable energy sources, such as solar and wind power, in data centre operations, which favourably influences the data centre power market demand. This shift not only reduces the reliance on traditional power sources but also offers long-term cost benefits. Edge computing is emerging as a significant market opportunity. As data processing moves closer to the source of data generation, the demand for small-scale, localized data centres with efficient power management solutions is on the rise.
North America, particularly the United States, is a leading data centre power market, driven by the presence of major technology companies and the high adoption rate of advanced IT infrastructure.
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Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
Solutions
Power Distribution Unit
UPS
Busway
Others
Services
Consulting
System Integration
Professional Service
Market Breakup by Application
IT and Telecommunications
BFSI
Government
Energy
Healthcare
Retail
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global data centre market. Some of the major players explored in the report by Expert Market Research are as follows:
ABB Ltd.
Black Box Corporation
Eaton Corporation Plc.
General Electric Company
Generac Power Systems, Inc.
Huawei Technologies Co., Ltd
Others
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