Press release
Data Center Power Market Anticipated to Generate a Revenue of $56,626.5 Million and Rise at a CAGR of 7.2% over the Estimated Period 2020-2027
Data Center Power Market
The global data center power market is expected to experience progressive growth during the forecast period, due to the rapid growth in the IT infrastructure, particularly in developing nations. The Europe region is expected to hold the largest market share.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/415
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
As per our analysts, with the growing emphasis on the development of IT infrastructure across developing countries, the data center power market is predicted to experience progressive growth during the analysis timeframe. Besides, the increasing development of advanced management solutions by leading manufacturers to increase efficiency and improve energy consumption is expected to fortify the growth of the market over the estimated period. Moreover, the increasing prominence of the solar-powered data center is expected to create expansive growth opportunities for the market throughout the forecast timeframe. However, the high initial investment cost of data centers may hinder the growth of the market over the analysis period.
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ ๐๐๐ง๐ญ๐๐ซ ๐๐จ๐ฐ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
The COVID-19 pandemic outbreak has positively impacted the data center power market. This is mainly due to the growing demand for software as a service (SaaS) and the rapid shift to work from culture during the pandemic. Moreover, the emergence of a new business environment amid the COVID-19 outbreak has spurred the demand for digitization and cloud services, which has inclined the growth of the market during the period of crisis.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The report has divided the data power center market into segments based on product, end-user, and region.
By product, the UPS sub-segment is expected to generate a revenue of $20,666.4 million throughout the forecast timeframe. This is mainly due to the increasing implementation of cloud computing together with the rising demand for ubiquitous and sensitive data. Moreover, the increasing demand for accessibility to Software as a Service (SaaS), consistent power flow, and improved performance is predicted to propel the growth of the market sub-segment over the analysis period.
By end user, the IT & telecommunications sub-segment is predicted to generate a revenue of $9,115.7 million during the forecast period. This is mainly due to the rising development of huge data center infrastructure by emerging IT & telecom service providers to manage the extensively increasing amount of data. In addition, the increasing implementation of the government's supportive policy along with the strong existence of leading market players is expected to fuel the growth of the market sub-segment over the analysis timeframe.
By region, the Europe data center power market is projected to garner a revenue of $17,435.3 million throughout the estimated period. This is mainly due to the substantial expansion of mobile broadband, big data analytics, and cloud computing in this region. Furthermore, the extensively increased spending by data center service providers of this region to develop novel products is expected to thrive the regional growth of the market during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/415
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The major players of the data center power market include ZincFive, Inc., Anord Mardix, Siemens, Schneider Electric, Mitsubishi Electric Corporation, General electric, Cisco Systems, Inc., ABB, Eaton., Vertiv Group Corp., and many more. These players are broadly working on the development of new business strategies such as partnerships and collaborations, mergers and acquisitions, and product development to procure a leading position in the global industry.
For instance, in May 2022, Centrin Data, a leading ITO company announced its strategic collaboration with Huawei Digital Power, a leading global provider of digital power products and solutions. With this collaboration, the companies aimed to focus on data center business, smart photovoltaics, comprehensive smart energy management, data center infrastructure, green energy storage, and many more.
Further, the report also presents other vital aspects including SWOT analysis, the financial performance of the key players, product development, and the latest strategic development.
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