Data Center Power Market in Americas to Worth $5 Billion by 2023
Arizton’s recent market research report on the data center power market in Americas provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by electrical infrastructure (UPS, generators, transfer switch and switchgear, rack PDU, and other electrical infrastructure), tier standards (Tier I and Tier II, Tier III, and Tier IV), and geography (North America and South America).
The data center power market in Americas is projected to grow from $3,730 million in 2017 to $5,130 million by 2023, growing at a CAGR of 5.46%. The increasing construction of Tier III and Tier IV facilities across the region is driving the data center power market in Americas. Service providers are also focusing on procuring renewable energy sources to promote the construction of green data centers will attribute to the growth of the data center power market in Americas during the forecast period.
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The leading three drivers and trends driving the data center power market in Americas are discussed below:
Growing Demand for Colocation, Cloud, and Managed Service Providers
The increasing adoption of cloud-based services and IaaS solutions will boost the demand in the data center power market in Americas. The leading vendors such as AWS, Microsoft, Google, Oracle, IBM, Equinix, Digital Realty, and CyrusOne are launching cloud platforms in the US and other regions in the Americas. The introduction of cloud platforms will fuel the demand for data center services such as colocation, managed service, and cloud connectivity services. The service providers in the American market are focusing on developing projects that help in the reduction of CAPEX and OPEX, energy efficient infrastructure, procurement of renewable power for their operations, installation of rack with high power density, cloud connectivity, tapping edge market opportunities, and providing higher bandwidth to gain a larger market share and increase their customer base.
Check our latest report on - U.S. Data Center Power Market- Industry Outlook and Forecast 2020-2025
Increase Construction of Modular Data Center with Modular Infrastructure
Prominent colocation providers are focusing on developing large facilities and deployment assets on-demand basis such as creating a new data hall to meet the growing consumer requirements. These service providers are also offering modular solutions such as pre-fabricated data center facilities, racks, and containment systems to increase the market share in the data center power market in Americas. The construction of modular data center is a growing trend in the industry. These data centers are energy-efficient and cost-saving models that take less time to construct. The introduction of such infrastructure facilities will drive the growth of the data center power market in Americas during the forecast period.
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Increased carbon emission of data centers
The increasing carbon emission and energy consumption is encouraging vendors to construct modern data centers, thereby attributing to the growth of the data center power market in Americas. These data centers have energy efficiency infrastructure and powered by renewable energy sources that help reduce the carbon emission up to 75%. Vendors are focusing on procuring renewable energy sources to power the facilities and reduce carbon emissions and promote sustainable development. The growing focus on adoption of DCIM solutions and consolidation of data center facilities is likely to fuel the growth of the data center power market in Americas during the forecast period.
ABB, Eaton, General Electric, Schneider Electric, and Vertiv are the leading vendors in the data center power market in Americas.
The complete overview of the latest market research report on the data center power market in Americas by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
Check our latest report on - Data Center Power Market- Global Outlook and Forecast 2020-2025
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