SAN FRANCISCO, August 8, 2017 /PRNewswire/ --
The global data center power market is expected to reach USD 10.77 billion by 2025, according to a new report by Grand View Research, Inc. The global data center power market is majorly driven by the shift of various end-users towards hyper-scale and colocation data centers. The increase of such data center facilities is anticipated to result in an increasing demand for data center power equipment in the coming years.
Globally, data centers consume around 3% of the total energy generated, which is a considerably high figure. Moreover, since the energy prices are rising, the need to reduce PUE ratios is also growing. Data center designers are currently adopting advanced power distribution and management solutions to attain energy efficiency at lesser PUE ratios. This goal of reducing the PUE ratio is further expected to spur the demand for advanced and intelligent data center power products over the forecast period.
Uninterrupted Power Supply (UPS) is the backbone of data centers and are significantly deployed for the smooth working of servers and other networking devices. Furthermore, the cost of UPS is significantly higher than any other data center power products. As a result, the UPS product segment dominated the global data center power market in 2016. Additionally, most data centers use the smart UPS system, battery monitoring devices, and intelligent power distribution systems in a bid to reduce the PUE ratio. The increasing penetration of these new devices is further expected to boost the demand for UPS over the forecast period.
The U.S. has some of the biggest data centers in the world. The country accounted for more than 70% of the total market share of North America in 2016. Furthermore, Asia Pacific is projected to be the highest growing region owing to the increasing number of co-location data centers in developing countries such as India and China.
Browse full research report with TOC on "Data Center Power Market Analysis By Product (PDU, UPS, Busway), By End-use (IT & Telecommunications, BFSI, Government, Energy, Healthcare, Retail), By Region, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/data-center-power-market
Further key findings from the report suggest:
- The global data center power market is expected to witness a CAGR exceeding 6% from 2017 to 2025, owing to the increasing trend towards reducing the PUE ratio for better energy management in data centers.
- The increasing penetration of IoT connectivity and the integration of artificial intelligence are expected to favorably impact the data centers market, thereby driving the demand for data center power systems over the coming years.
- The UPS segment accounted for the largest share in 2016, which is accredited to the increasing demand for energy in data centers along with increasing penetration of co-location data centers globally.
- North America accounted for over 35% of the overall revenue share in 2016 and is also expected to dominate the market over the forecast period, owing to the increasing number of data centers in the U.S.
- Key players that captured a significant market share in 2016 were Vertiv Co., Schneider Electric, Legrand, General Electric, and Eaton, among others.
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Grand View Research has segmented the global data center power market based on the product, end-use and region:
- Data Center Power Product Outlook (Revenue, USD Million; 2014 - 2025)
- Data Center Power End-use Outlook (Revenue, USD Million; 2014 - 2025)
- IT & Telecom
- Data Center Power Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- North America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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