Data Center Power Solutions Market Scope
Datacenter power solutions provide energy load monitoring on a real-time basis which helps to ensure optimum usage of energy. The tremendous growth in the amount of data collected around the world has necessitated the use of data storage technologies like data centres. Data centres consume a lot of energy, and as data loads become more dynamic, a quick power distribution solution is needed to ensure that data centres have enough power and run smoothly. Data centre power solutions provide real-time energy load monitoring, allowing for the most efficient use of energy. Due to the need to reduce operational costs, data centre owners strive to optimise costs. Power tariffs, data centre servers, racks, and HVAC systems all climb as operational costs climb. The cost of data centre infrastructure and the complexity of operations rises as the level of reliability rises. The majority of the money spent on data centres goes toward power. It is utilised in data centres to run IT equipment (computers and servers), as well as cooling and power infrastructure. Modern data centres use energy-efficient and cost-effective power solutions to fulfil these operational costs.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Schneider Electric (France), Vertiv (United States), ABB (Switzerland), Eaton (Ireland), Delta Electronics (Taiwan), Huawei (China), Legrand (France), Tripp Lite (United States), Toshiba (Japan), Siemens (Germany), Mitsubishi Electric (Japan) and Cisco (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Data Center Power Solutions market throughout the predicted period.
Schneider Electric (France), Vertiv (United States), ABB (Switzerland), Eaton (Ireland), Delta Electronics (Taiwan), Huawei (China), Legrand (France), Tripp Lite (United States), Toshiba (Japan), Siemens (Germany), Mitsubishi Electric (Japan) and Cisco (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Hardy Racks (India), ZRGP (China), ZincFive (United States), bXterra Power Technology (United States) and Critical Power (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Data Center Power Solutions market by Type , by Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing and IT and Telecom) and Region with country level break-up.
On the basis of geography, the market of Data Center Power Solutions 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2023,AcBel Polytech Inc. announced the successful completion of its acquisition of ABB Ltd's ("ABB") Power Conversion division ("Power Conversion"). The closing of the transaction follows the satisfaction of all conditions precedent, including CFIUS clearance.
In June 2022 ,Huawei Technologies launched its new fusion model 3.0 data center power system which is design to be more efficient and scalable than previous models.
Influencing Trend:
Rising Demand for High-Performance Computing has Increased Power Usage. and Focus on optimizing power usage effectiveness (PUE) for sustainability.
Market Growth Drivers:
Increasing Need of Enterprises to Reduce Operational Expenses and Greater adoption of cloud services driving the need for robust power solutions.
Challenges:
Various Compliance Guidelines, the Compliance Requirements, Ensuring the security and reliability of power solutions. and Compatibility issues with existing infrastructure during upgrades.
Restraints:
Fluctuating energy prices impacting operational expenses. and Adherence to evolving energy regulations and compliance standards.
Opportunities:
Increasing Efficiency by Renovating Data Centers., and Advancements in battery technology and energy storage solutions.
Key Target Audience
Service Providers, Technology Providers, End Users, System Integrator, Security Integrators and Governmental Bodies