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Data Center Power Market to Have Good Business Opportunities in the Coming Years

Author : Ronak Bora | Published Date : 2019-04-18 

Data Center Power Market is expected to exceed USD 27 billion by 2024. The growth can be attributed to the rising trend of virtualization and cloud computing. The growing need for cloud storage has resulted in a growing number of data centers globally, which are consuming a huge amount of energy.

For instance, according to the U.S. Department of Energy, data centers in the U.S. accounted for around 2% of the overall energy consumption. To increase efficiency and Power Usage Efficiency (PUE) ratio, several designers are deploying innovative power management solutions, such as battery monitoring equipment, smart UPS, and intelligent rack PDUs, which are the key trends that will boost the data center power market demand.

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The colocation data center power market accounted for a majority of the industry share in several Asian and European countries over the last few years. Companies are gradually shifting their IT infrastructure to the cloud with colocation providers offering a perfect solution for cloud providers and business servers owing to which a sharp increase in the construction activities is being witnessed.

In addition, the colocation providers are offering companies uninterrupted maintenance and services, thereby enhancing their performance and productivity. The growing focus on the reduction of operational expenditure and capital by companies will drive the colocation data center power market over the forecast timespan.

Several businesses are focusing on the implementation and construction of green infrastructure facilities owing to the rise in the consumption of electricity and carbon emissions. Green data centers are helping businesses to ensure energy efficiency by reducing carbon footprint and electricity consumption.

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The usage of these facilities is growing within the larger businesses and SMBs for the collection, evaluation, processing, and distribution of a vast amount of data in an incessant way. Companies operating in the entertainment and IT & telecom sector are implementing and using power management solutions for their infrastructure, providing an impetus to the data center power market growth.

Increasing number of the facilities coupled with the rising investments by various business entities across the Nordic region will fuel the Europe data center power market growth. Several companies are focusing on making expansion in the region owing to the presence of abundant fossil fuels and the favorable temperature. Facility operators are investing in high amount in outsourcing the services to meet the ever-increasing capacity requirements. Growing demand of virtualization by businesses implementing and using cloud technology is expected to boost the deployment of power solutions in European countries.

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Major players operating in the data center power market include Schneider Electric S.A., Delta Electronics Inc, Emerson Corporation, General Electric Co., Mitsubishi Electric, ABB Ltd., Eaton Corporation, Siemens AG, and Ametek, Inc.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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