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Innovation In Power Solutions For Enhanced Data Center Power Distribution Industry Trends Gaining Momentum in the Global Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market
Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Size
Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have seen a rapid expansion of the low voltage (LV) or medium voltage (MV) power distribution market in data centers. The market is projected to increase from $3.51 billion in 2024 to $3.89 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.7%. This historical growth is due to an increased demand for data storage, the spread of cloud computing, rising dependence on digital technologies, broader internet usage, and the integration of big data analytics.
Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Size Forecast: What's the Projected Valuation by 2029?
In the foroming years, the market size of the data center with low voltage (LV) or medium voltage (MV) power distribution is projected to undergo swift expansion. By 2029, it is anticipated to reach a whopping $6.15 billion at a compound annual growth rate (CAGR) of 12.2%. The growth in the projected period can be linked to factors such as the surge in data traffic, the broadening of edge computing, rising demand for high-performance computing (HPC), the shift to 5g networks, and the attention given to energy-efficient data center solutions. Key trends anticipated during this period include the embracing of modular and scalable power distribution solutions, intensified utilization of renewable energy resources in data centers, focus on energy efficiency and sustainability, the initiation of smart grids in data centers, and the integration of digital twins in data center management.
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What Are the Drivers Transforming the Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market?
The growth of the data center low voltage (LV) or medium voltage (MV) power distribution market is expected to be fueled by the increasing use of cloud computing. This technology delivers services like storage capacity, processing power, and various software applications over the internet. It allows companies to centralize and analyze large amounts of data in centralized data centers, which simplifies processes and reduces the need for power-hungry on-site servers. This interconnected system promotes proactive adjustments, enhanced energy consumption, and sustainable practices, leading to greener and more efficient power distribution systems in data centers. For example, in December 2023, as reported by the European Commission, a Belgium government administration, there was a 4.2 percentage point increase in the number of businesses adopting cloud computing services compared to 2021. Therefore, the growing use of cloud computing is stimulating the expansion of the data center low voltage (LV) or medium voltage (MV) power distribution market.
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What Long-Term Trends Will Define the Future of the Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market?
Product inventiveness is becoming a major trend in the data center low voltage (LV) or medium voltage (MV) power distribution market. Major players in this sector are making a concentrated effort to create groundbreaking products to enhance their market standing. For example, in October 2022, Vertiv, an American firm that offers data center equipment and services, updated its power distribution range by unveiling the Vertiv Powerbar iMPB. This is a modular busbar solution, designed to ensure uninterrupted, on-demand power upgrades in rapidly changing data center settings. The Vertiv Powerbar iMPB series, offered in both copper and aluminum conductor versions, offers a capacity range spanning from 160 amps to 1,000 amps, assuring reliable overhead power distribution and improved cooling airflow. This system is compatible with data centers of virtually any scale or design, as well as laboratories, distribution warehouses, adaptive manufacturing facilities, and other evolving scenarios.
Which Segments in the Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Offer the Most Profit Potential?
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, Healare, 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 Firms Dominate the Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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
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