About Data Center Energy Storage
The data center's energy storage has largely been used as a back-up system to manage power outages before the diesel generators are brought online. Energy storage technologies have advanced significantly, both in terms of expanding the practicality of their implementations (by increasing densities, increasing lifetimes, lowering costs, and so on) and in terms of bringing new technologies to market. The demand for data centers has increased as a result of increased demand from big data and mobile apps, as well as increased internet traffic. This rise in data center growth is causing an increase in energy demand, which is supplementing the demand for efficient power backup solutions, boosting the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global Data Center Energy Storage market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Data Center Energy Storage market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Delta Electronics (Taiwan), Eaton Corporation plc (Ireland), General Electric (United States), Huawei Technologies Co., Ltd. (China), Legrand (France), Mitsubishi Electric Corporation (Japan), Saft Groupe S.A. (France), Schneider Electric (France) and Vertiv Group (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Data Center Energy Storage market by Type (Tier 1, Tier 2, Tier 3 and Tier 4), Application (Banking, Financial Services, and Insurance (BFSI), Healthcare, Manufacturing, Research and academia, Energy and Others) and Region.
On the basis of geography, the market of Data Center Energy Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growth in the Number of Internet Users and Increasing Investment in Data Center Infrastructural Development in Developing Countries
Market Growth Drivers:
Rising the Construction of New Data Centers and Increasing Demand for Energy Efficiency in the Data Center Facilities
Challenges:
Lack of Awareness regarding the Benefits of Energy-efficient Data Center Energy Storage Solutions
Restraints:
High Initial Investment
Opportunities:
Widespread Adoption of Cloud Computing and IoT and Surging Investment in R&D Activities by Key Players on Introducing New Product
Market Leaders and their expansionary development strategies
In December 2020, CleanSpark, Inc. an advanced software and controls technology solutions company, focused on solving modern energy challenges, had acquired ATL Data Centers, LLC.
In April 2019, Vertiv introduced the Vertiv™ HPL lithium-ion battery cabinet, for use with larger capacity Vertiv uninterruptible power supply (UPS) systems. While Vertiv was an early adopter of lithium-ion batteries for the data center, this marks the first offering with Vertiv’s own battery management system. The cabinet is ready to use with most current and legacy Vertiv three-phase UPS systems and is available in Asia.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Data Center Energy Storage Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.