The increasing power capacity will propel the demand for data center power infrastructure by 2024.
Arizton’s recent market research report on the global data center power market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by infrastructure (UPS systems, generators, transfer switches and switchgears, rack PDU, and others), UPS systems (<=500 kVA, 500 kVA - 1000 kVA, and >1000 kVA), generators (<=1 MW, 1 MW-2MW, and >2 MW), tier standards (Tier I & II, Tier III, and Tier IV), and geography (North America, Europe, Middle East & Africa, Latin America, and APAC).
The global data center power market is estimated to reach $16 billion by 2024.
Check our latest report on - Data Center Power Market- Global Outlook and Forecast 2020-2025
Data centers are one of the largest consumers of electricity in the world. The data center power infrastructure comprises UPS systems, generators, transfer switches, switchgears, rack PDUs, and others (power cables, lighting equipment, installation services, busbars, circuit breakers, and TVSS systems).
The data center power market is divided into five major segments –infrastructure, UPS systems, generators, tier standards, and geography. The research report offers market share analysis in terms of power capacity (MW) during the forecast period.
UPS systems to contribute maximum in the incremental growth of the data center power infrastructure
The adoption of lithium-ion batteries is likely to significantly increase during the forecast period as the price of lithium-ion batteries is expected to decline
UPS systems are used in the data center power infrastructure to supply AC to the critical infrastructure during power outages. They are critical component of continuous operations and prevent infrastructure failures. The adoption of lithium-ion batteries is likely to significantly increase during the forecast period as the price of lithium-ion batteries is expected to decline. Vendors are continuously offering innovative UPS solutions to grow efficiency and reduce cost. Modern UPS systems have battery monitoring controls to predict the possibility of failures. Also, the emergence of nickel-zinc batteries, the high adoption of 48V DC UPS systems, and the increased participation of cloud and colocation providers in the OCP community will provide a major boost to the market during the forecast period.
Read our latest report on - Data Center UPS Market - Global Outlook and Forecast 2020-2025
The US dominates the North America data center power market
The US data center power market is a mature market with significant contributions from colocation and managed service operators, including cloud service providers. Technological advancements have resulted in the development of additional data centers that can support the processing of exabytes of data. Virginia, Texas, California, New York, North Carolina, and Illinois are the major data center construction markets in the US. The US is witnessing the rise in the adoption of lithium-ion UPS, DRUPS, and fuel cells among its data centers. Equinix, Digital Realty, Facebook, Google, Coresite, CyrusOne, Quality Technology Services, DatBank, Tier Point, COPT Data Center Solutions, and Switch are the main contributors to the growth of the data center market in the US. In the US, the industry is at the development stage and is currently at the cusp of several technological innovations aimed at enhancing data center operational efficiency while reducing power consumption and carbon emissions. The US has numerous hyperscale projects powered by renewable energy sources. However, high power consumption and increasing carbon emissions are the main market challenges
Check our latest report on - U.S. Data Center Power Market- Industry Outlook and Forecast 2020-2025
ABB, Caterpillar, Cummins, Eaton, Schneider Electric, and Vertivare identified as prominent vendors in the data center power market.
The complete overview of the latest market research report on the global data center power market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
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