Uploaded on Sep 6, 2024
The Data Center Power Market is experiencing significant growth, driven by the rising demand for data processing and storage across various industries like cloud computing, AI, and big data.
Data Center Power Market: Growth Drivers, Challenges, and Competitive Landscape
Data Center Power Market Overview The global data center power market size was valued at $11.2 billion in 2021, and is projected to reach $24 billion by 2031, growing at a CAGR of 8% from 2022 to 2031. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 Data center power refers to the electrical energy supply and distribution systems within a data center. It encompasses all components and infrastructure required to power servers, networking equipment, cooling systems, and other essential hardware. Effective data center power management is crucial for ensuring continuous uptime, operational efficiency, and minimizing energy costs. The Data Center Power Market is a critical component of the broader data center infrastructure, focused on delivering reliable, efficient, and scalable power solutions to meet the energy demands of modern data centers. Covid-19 Impact Impact of Covid-19 on the Global Data center power industry • COVID-19 outbreak gave rise to a new business environment that will increase demand for cloud services and digitization, having a significant impact on the world global market for data center power. • In the pandemic, the demand for online services such as gaming, streaming video, live events, and others increased tremendously. So, in order to meet the increased demand, technological innovating companies focus on the installation of a highly reliable data center to meet the demand. • The pandemic outbreak has wreaked havoc on many other sectors of the economy but has had a favorable effect on the market for data center power. This is primarily due to the pandemic-era increase in the work-from-home culture and demand for software as a service (SaaS) in the pandemic era. Key Industry Developments • June 2024 (Launch): Cisco unveiled a transformative AI cluster solution in collaboration with NVIDIA for data centers, revolutionizing infrastructure and software management. The Cisco Nexus HyperFabric AI cluster integrates AI-native networking, NVIDIA accelerated computing, AI software, and a robust VAST data store, empowering customers to prioritize AI-driven innovation and business growth over IT administration. • June 2024 (Collaboration): Hewlett Packard Enterprise (HPE) and Danfoss partnered to launch HPE IT Sustainability Services – Data Center Heat Recovery. This solution offers an off-the-shelf module for organizations to efficiently manage and leverage excess heat, supporting their move toward sustainable IT operations. AI Governance Market Segments By Product By End Use By Region • UPS • IT & Telecom • North America (U.S., Canada, • BFSI Mexico) • PDU • Government • Busway • Energy • Europe (Germany, United • Others • Healthcare Kingdom, France, Spain, Italy, Rest • Retail of Europe) • Others • Asia-Pacific (China, Japan, India, South Korea, Australia, Rest Of Asia Pacific) • LAMEA (UAE, South Africa, Rest of LAMEA, Brazil, Saudi Arabia) Key Players Cyber Power Systems b.v., ABB, Siemens, Anord Mardix, Legrand, Mitsubishi Electric, PDU Experts UK, Vertiv Group Corp., EATON, Delta Electronics, Inc. Contact Us David Correa 1209 Orange Street Corporation Trust Center Wilmington New Castle Delaware 19801 USA Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 [email protected] Thank You
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