The US data center power market is estimated to reach $4 billion by 2023 ; growing at a CAGR of approximately 5%.
Arizton’s recent market research report on the data center power market in US identifies ABB, Eaton, General Electric, Schneider Electric, and Vertiv as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by type (UPS systems, generators, transfer switches & switchgear, rack PDU, and other electrical infrastructure), by tier standards (Tier I and Tier II, Tier III, and Tier IV), and by regions (South Eastern US, South Western US, Mid-Western US, Western US, and North Eastern US).
The US data center power market is estimated to reach revenues of around $4 billion by 2023 and is anticipated to grow at a CAGR of approximately 5% during the forecast period.
The data center power market in US is divided into three major segments that include by type, tier standard, and regions.
Rack PDUs to grow at the fastest CAGR in the data center power market in US during forecast period
The US data center power market by type is segmented into UPS systems, generators, transfer switches & switchgear, rack PDU, and other electrical infrastructure. Rack PDU is the fastest growing segment of the market at CAGR of over 5% during the forecast period. The innovations in rack PDUs and increasing availability of PDUs with a variety of features and power capacities is propelling the growth of this segment in the US market. The introduction of intelligent PDUs will offer power monitoring and switching capabilities in data center facilities across the US market. The different types of rack PDUs available in the US data center power market are basic PDUs, metered PDUs, monitored PDUs, switched PDUs, and automatic transfer switch PDUs. The leading players are also designing rack PDUs for facilities of tier 3 standard with 2N redundancy. Some of the product offerings also include accessories such as mounting brackets, circuit breakers, whip cables, and outlet covers.
Tier IV standards to grow at a significant CAGR in the data center power market in US during forecast period
The tier standards in the data center power market in US is classified into Tier I and Tier II, Tier III, and Tier IV. Tier IV standard is the fastest growing segment of the market at a CAGR of more than 6% during the forecast period. The deployment of data center facilities with 2N+1 redundancy across the region is propelling the growth of this segment in the US market.
The increasing contribution from major hyperscale developers such as Facebook, Apple, Microsoft, and Google will revolutionize the data center market in the US.
The average cost of constructing these data centers is around $1,100 and is expected to reduce significantly during the forecast period. The increasing investments to build modular infrastructure such as switch facilities will boost demand in the market segment in the US. These next-generation data centers will generate more revenues and initiate the launch of highly efficient power systems in the US data center power market.
South Western US to occupy a considerable market share in the data center power market in US during forecast period
The US data center power market by region is divided into South Eastern US, South Western US, Mid-Western US, Western US, and North Eastern US.
South Western US occupied a large market share in 2017 and is projected to grow at a CAGR of more than 3% during the forecast period.
The billion-dollar investments for the development data center projects in Texas and Arizona are fueling the development of the South Western region in the US data center power market. The major tax incentives offered by the government and regulatory bodies are making this region ideal for the US market. The leading hyperscale project operators such as Facebook, Apple, and Google are the major investors in this region in the US market.
The other prominent players in the US data center power market are Active Power (Piller Power Systems), Rittal, Caterpillar, Cummins, Cyber Power Systems, Delta Group, Geist Global, Generac Power System, HighPower, Hitec Power Protection, Legrand, Methode Electronics, Mitsubishi Electric Corporation, MTU ON SITE ENERGY (Rolls-Royce Power Systems AG), Nlyte Software, Toshiba, Bloom Energy (Fuel Cells), and Tripp Lite.
The complete overview of the latest market research report on data center power market in US by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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