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In-Depth Analysis of the Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market
The data center low voltage (LV) or medium voltage (MV) power distribution market is predicted to witness growth owing to the increasing implementation of cloud computing. With services such as software applications, storage, and processing power being disseminated via the internet, cloud computing facilitates organizations to centralize their massive data quantities in data centers. This eliminates the need for power-consuming on-site servers and simplifies operations. The interconnected setup promotes proactive modifications, optimized energy consumption, and sustainability, creating a more environmentally friendly and efficient data center power distribution system. For instance, by December 2023, the European Commission, a Belgium-based government administration, stated a 4.2 percentage points increase in businesses adopting cloud computing services compared to 2021. Consequently, the escalating use of cloud computing is contributing to the growth of the data center low voltage (LV) or medium voltage (MV) power distribution market.
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What is the projected compound annual growth rate (CAGR) of the data center low voltage (lv) or medium voltage (mv) power distribution market from 2025 to 2034, and what factors influence it?
In the past few years, there has been a swift expansion in the data center low voltage (LV) or medium voltage (MV) power distribution market. The market size, which stands at $3.51 billion in 2024, is projected to reach $3.89 billion in 2025. This growth, demonstrating a compound annual growth rate (CAGR) of 10.7%, can be attributed to several factors. These include the increased demand for data storage, the spread of cloud computing, the growing dependence on digital technologies, a surge in internet use, and the integration of big data analytics.
The market size for the data center low voltage (LV) or medium voltage (MV) power distribution is projected to experience a substantial surge in the coming years. The market is anticipated to reach $6.15 billion by 2029, boasting a compound annual growth rate (CAGR) of 12.2%. The predicted growth in this period could be due to a surge in data traffic, proliferation of edge computing, escalating demand for high-performance computing (HPC), the shift towards 5g networks, and a focus on the utilization of energy-efficient data center solutions. Noteworthy trends anticipated in this forecast period encompass the adoption of modular and scalable power distribution solutions, an uptick in the usage of renewable energy sources in data centers, an increased focus on energy efficiency and sustainability, the establishment of smart grids in data centers, and the implementation of digital twins for data center management.
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What new trends are reshaping the data center low voltage (lv) or medium voltage (mv) power distribution market and its opportunities?
The rising trend of product innovation is significantly impacting the data center low voltage (LV) or medium voltage (MV) power distribution market. Numerous leading companies in this market are harnessing innovation to develop unique products, thereby enhancing their standing in the market. For instance, Vertiv, a notable data center equipment and services provider in the USA, made an exciting addition to their power distribution collection in October 2022. They introduced the Vertiv Powerbar iMPB, a versatile busbar solution engineered to accommodate seamless, on-the-go power upgrades in evolving data center set-ups. The series, offered in both copper and aluminum conductor versions, possesses a capacity range from 160 to 1,000 amps. It provides reliable overhead power distribution and improves cooling airflow. This system is versatile enough to be used in data centers of diverse sizes and designs, labs, distribution warehouses, adaptive manufacturing facilities, and other evolving contexts.
What are the major segments of the data center low voltage (lv) or medium voltage (mv) power distribution market and their role in driving growth?
The data center low voltage (LV) or medium voltage (MV) power distribution market covered in this report is segmented -
1) By Component: Hardware, Services
2) By Data Centre Sizes: Small And Medium-Sized Data Centers, Large Data Centers
3) By Application: Banking Financial Services And Insurance (BFSI), Colocation, Energy, Government, Healthcare, Manufacturing, IT (Information Technology) And Telecom, Other Applications
Subsegments:
1) By Hardware: Switchgear, Transformers, Circuit Breakers, Power Distribution Units (PDUs), Busways, Cables And Wires
2) By Services: Installation Services, Maintenance Services, Consulting Services, Design Services, Managed Services
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Which regions are key players in the growth of the data center low voltage (lv) or medium voltage (mv) power distribution market?
North America was the largest region in the data center low voltage (LV) or medium voltage (MV) power distribution market in 2024. The regions covered in the data center low voltage (LV) or medium voltage (MV) power distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the data center low voltage (lv) or medium voltage (mv) power distribution market?
Major companies operating in the data center low voltage (LV) or medium voltage (MV) power distribution market include Siemens AG, Schneider Electric SE, Mitsubishi Electric Corp., ABB Ltd., Cummins Inc., Eaton Corp., Legrand, Vertiv Holdings Co., Generac Power Systems, Leviton Manufacturing Company Inc., Panduit Corp., Socomec SAS, CyberPower Systems Inc., Kohler Power Systems, Chatsworth Products, Thorne & Derrick International, Anord Mardix (USA) Inc., Server Technology Inc., Rittal GmbH & Co. KG., Delta Electronics Mfg. Corp., Emerson Electric Co., Staco Energy Products Co., PDI Solutions LLC, Raman Power Technologies Ltd.
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What Is Covered In The Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Global Market Report?
• Market Size Forecast: Examine the data center low voltage (lv) or medium voltage (mv) power distribution market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data center low voltage (lv) or medium voltage (mv) power distribution market for a structured understanding.
• Key Players Overview: Analyze major players in the data center low voltage (lv) or medium voltage (mv) power distribution market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data center low voltage (lv) or medium voltage (mv) power distribution market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data center low voltage (lv) or medium voltage (mv) power distribution market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data center low voltage (lv) or medium voltage (mv) power distribution market.
• Industry Challenges: Identify potential risks and obstacles affecting the data center low voltage (lv) or medium voltage (mv) power distribution market.
• Competitive Landscape: Review strategic developments in the data center low voltage (lv) or medium voltage (mv) power distribution market, including expansions, agreements, and new product launches.
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