LONDON, Dec. 22, 2015 /PRNewswire/ -- The global data center power market is expected to be USD 12.30 billion in 2015 and is estimated to grow at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period of 2015–2020 and is expected to be USD 20.44 billion in 2020. Enormous growth is seen in the Asia-Pacific (APAC) region and is expected to command the fastest growth within the next 5 years, at a high CAGR of 19.6% by 2020. The trend of adoption of data center power solutions in APAC is mainly driven by the development and increasing numbers of data centers with demand for highly energy-efficient power solutions in this region.
Efficient power solutions in data centers are attracting attention for reducing electricity consumption, minimizing carbon emission, and making data center operations cost effective. Distribution, conditioning, and power backup are the major functions of a data center power system. There are various vendors that are providing innovative solutions such as power distribution and measurement, power backup, and cabling infrastructure. The power measurement and monitoring solutions help the managers of data centers in managing the power consumption of critical IT equipment, by tracking and managing load before any failures. Data center power solutions are playing vital role in various industry verticals as it provides cost-efficient solutions for networking and provision to raise the capability of data centers, while maintaining the life cycle of IT equipment.
This report gives detail insights into the global data center power market split across five major regions including North America, Europe, APAC, Middle East Africa (MEA) and Latin America. The report broadly segments data center power solutions into power distribution and measurement, power backup, and cabling infrastructure. Services associated with these solutions include consulting service, professional service, and integration service. Based on end users, mid-size, enterprise, and large data center user's trends and market size is considered. The industrial verticals included are Information Technology (IT) and telecom, Banking, Financial Services and Insurance (BFSI), government, healthcare, energy, and others. The IT and telecom vertical is expected to hold the largest market share of the total data center power market throughout the forecast period of 2015–2020. The BFSI vertical is estimated to follow the telecom and IT vertical, in terms of market share.
The report emphasizes on key adoption trends, evolution of data center power, drivers, restraints, future opportunities, and business cases in this innovative market. MarketsandMarkets expects an increasing adoption of data center power solutions, as major vendors are aggressively investing and rigorously working toward building high percentage of energy-efficient and cost-effective solutions that help to reduce the total cost of ownership in an organization. The global data center power vendors include major market players such as ABB, Emerson Electric, Eaton, Schneider Electric, and General Electric among others. The report contains competitive landscape of top 10 players in this market and includes new product launches, partnerships, collaborations, and acquisitions as the major strategies adopted by these top most players to achieve growth in the data center power market.
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and Porter analysis), analysis of top players and products and services offered by them, value chain analysis, and company profile analysis, which together comprise and discuss the basic views on the competitive landscape, emerging, and high-growth segments of the data center power market.
The report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the data center power market, which in turn will help the firms to penetrate into the market share. Firms purchasing the report could use any one or combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on power solutions offered by the top 10 players in the data center power market.
- Product Development/Innovation: Detailed insights on upcoming technologies, Research and Development (R&D) activities, and new product launches in the data center power market.
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for data center power market solutions across the regions.
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