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Data Center Power Management Market Size, Share, Trends Analysis And Forecasts (2024 - 2033)
Data Center Power Management Market Share
As per the report, the data center power management market size has grown strongly in recent years. It will grow from $20.79 billion in 2023 to $22.65 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The data center power management market size is expected to see strong growth in the next few years. It will grow to $30.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Surge In Data Traffic Fuels Expansion Of The Data Center Power Management Market
Increasing data traffic is expected to boost the growth of the data center power management market going forward. 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. For instance, in 2021, according to the World Bank, a US-based financial institution, the total global internet traffic increased by about 50% 2022 from 2020 levels, reaching 4.8 zettabytes, equal to 150,000 GB per second. Therefore, increasing data traffic is driving the growth of the data center power management market.
Innovating Power Solution In Data Center Power Management
Product innovation is the key trend gaining popularity in the data center power management market. 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.
The data center power management market covered in this report is segmented -
1) By Component: Hardware, DCIM (Data Center Infrastructure Management) Software, Services
2) By Data Center Type: Modular Data Centers, Colocation Data Centers, Cloud Data Centers, Edge Data Centers, Hyperscale Data Center, Micro Mobile Data Centers
3) By Installation Type: New Installation, Retrofit Or Upgrade
4) By Industry: Banking, Financial Services And Insurance(BFSI), Healthcare, Manufacturing, IT And Telecom, Media And Entertainment, Retail, Government, Other Industries
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Major companies operating in the data center power management market report are Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Schneider Electric SE, ABB Ltd., Hewlett Packard Enterprise, Cummins Inc., Eaton Corporation, Emerson Electric Co., Legrand SA, Kohler Co., Vertiv Group Corp., Generac Power Systems Inc., Aggreko Ltd., Delta Electronics Inc., Panduit Corp., Socomec, Cyber Power Systems Inc., Toshiba Electronic Devices & Storage Corporation, DataSpan Holdings, Server Technology Inc., Chatsworth Products Inc., ZPE Systems Inc., Sunbird Software Inc., Enlogic, Raritan Inc.
Contents of the report:
1. Executive Summary
2. Data Center Power Management Market Report Structure
3. Data Center Power Management Market Trends And Strategies
4. Data Center Power Management Market - Macro Economic Scenario
5. Data Center Power Management Market Size And Growth
…..
27. Data Center Power Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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