European Data Center Rack Market to 2024 - Increasing Adoption of Hot/Cold Aisle Containment Systems

DUBLIN, April 29, 2019 /PRNewswire/ -- The "Data Center Rack Market in Europe - Industry Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The Europe data center rack market is projected to reach revenues of approximately $550 million by 2024, growing at a CAGR of around 7% during 2018-2024.

The Europe data center rack market is driven by the increasing adoption of hot/cold aisle containment systems among operators. The design and manufacture of innovative products that can withstand seismic activities and are available as soundproof enclosures will transform the Europe data center rack market.

In terms of shipments, the UK, Netherlands, Germany, Ireland, France, Denmark, Sweden, and Norway are dominating the Europe data center rack market. Hyperscale data center operators are also actively involved in the adoption of rack architecture designed through open communities such as OCP and Open 19.

Europe Data Center Rack Market Dynamics

The Europe data center rack market highly depends on the construction of new data centers. The market is aided by the increasing construction of modular and prefabricated data center spaces inside the office environment. The demand for IaaS will continue to grow among enterprise customers adopting public cloud and hybrid infrastructure services during the forecast period.

In 2018, the Europe cloud computing market was estimated to be around $20 billion. The demand for data center services such as colocation, managed services, and cloud-connectivity services will gain momentum as over 55% of firms in Europe use advanced cloud services for their financial and accounting software application.

Vertiv, HPE, Rittal, and Schneider Electric dominate the market due to their wide presence across geographies. The adoption of modern rack architecture will enable the mounting of multiple high-performance infrastructure. These architectures are crafted to provide optimized space and improved efficiency to operators.

The vendors of Europe data center market are providing customer-centric operational and space requirement solutions. The enforcement of GDPR (General Data Protection Regulation) has increased the awareness about data protection among enterprises, which significantly has led to the adoption of cloud services in Europe and the trend is expected to continue in future.

Europe Data Center Rack Market: Segmentation

The market study includes insights on market segmentation by product, size, end-users, and geography.

The Europe data center rack market by products is classified into rack enclosure cabinets and accessories. The enclosure/cabinet segment dominated the market share in 2018, growing at a CAGR of more than 6% during the forecast period. The use of these cabinets to mount data centers critical and support infrastructure is increasing the growth of this segment in the Europe data center rack market. Open frame racks are predominantly adopted to equip network infrastructure such as switches, while cabinets are offered as servers and network cabinets by vendors. Open frame rack infrastructure and rack enclosures are two different types of cabinets.

The Europe data center rack market by rack size is segmented into below 42U, 42U, 45U & 47U, 48U, and other units. The 42U segment occupied nearly half of the market share in 2018. The 42U rack adoption highly depends on the service provider and customer preference. Vendors are also continually innovating their 42U racks offerings with over 80% proliferation as well as deeper and wider racks for better airflow and cable management. This segment also includes the adoption of racks based on the OCP design to hyperscale providers. In addition, SMEs with limited computing requirements prefer racks below 42U.

Colocation providers and enterprises are the largest end-users of the Europe data center rack market. Colocation data centers are the dominating segment, which is growing at a CAGR of more than 7%. The colocation of wholesale facilities is expected to increase the demand for data centers construction. Europe is likely to receive continuous investment from colocation providers such as Equinix, Digital Realty, CyrusOne, Interxion, NTT, and Global Switch.

Key Vendor Analysis

The Europe data center rack market is witnessing partnerships between vendors and facilities operators, thereby driving the competition in the market. The construction of modular and prefabricated facility spaces is creating lucrative opportunities for leading players operating in the market. Companies are focusing on expanding their product portfolios, reducing expenditure, increasing warranty, providing additional services to sustain the intense competition in the market.

The incorporation of innovative solutions such as rack-level UPS systems, PDUs, rack-level security systems, Ethernet cabling, and others will increase the competition and boost revenues in the Europe data center rack market. The increase in system scale high-performance computing infrastructure offerings will enable vendors to attract new consumers and increase the market share during the forecast period.

Market Dynamics

Market Growth Enablers

• Increasing Construction of Hyperscale Data Centers
• Growing Investment by Colocation Providers
• Growing Adoption of Modular Data Center Solutions
• Growing Procurement of Taller, Deeper, and Wider Racks

Market Growth Restraints

• Availability of Low-cost Solutions
• Virtualization of IT Infrastructure
• Adoption of Immersion Cooling in Data Centers

Market Opportunities & Trends

• Availability of Advanced Rack-level Infrastructure Solutions
• Adoption of Open-rack Architecture
• Increased Adoption of Rack Scale IT Infrastructure Solutions

Major Vendors in Europe Data Center Rack Market:

• Black Box Network Services
• Eaton
• Hewlett PackardEnterprise (HPE)
• Rittal
• Schneider
• Vertiv

Other Prominent Vendors

• Beijing Finen Electronic Equipment
• Belden
• Cannon Technologies
• C&F Group
• Chatsworth
• Conteg
• Dataracks
• Delta Power Solutions
• Fujitsu
• Great Lakes Case & Cabinet
• Huawei
• Legrand
• Oracle
• Panduit
• Prism Enclosures
• Rack Solutions
• Retex
• Schroff (nVent)
• Tripp Lite
• Usystems

For more information about this report visit https://www.researchandmarkets.com/r/yc1ios

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