Data Center Power Market Size to Hit USD USD 33.62 Billion By 2029 Trends, Statistics, Dynamics, Segment Analysis
Pune, 6, Dec 2022: MMR, has published a report on the Data Center Power market. As per the Data Center Power report the total market for Data Center Power was USD 20.32 Billion in 2021 and is expected to reach USD 33.62 Billion by 2029.
Data Center Power Market Scope
The Data Center Power Market report provides sales, revenue, and average price forecast data by type and by application segments for the forecast Period. The Data Center Power market is divided into five segments: Solution, Service, End User, Vertical, and region. The growth of distinct segments assists our customers in obtaining knowledge of the many growth factors expected to be prevalent across the market and developing various strategies to assist in identifying core application areas and the gap in the target market. The research analyses the market in-depth and includes useful insights, facts, historical data, and statistically supported and industry-validated market figures.
The report’s objective is to provide industry stakeholders with a comprehensive analysis of the Alternative Data Market. The research analyses complicated data in simple language to present the historical and current industry trends, as well as forecasted market size and trends. The report examines all areas of the industry, with a focus on significant participants such as market leaders, followers, and new entrants. The research includes PORTER and PESTEL analyses, as well as the potential impact of market microeconomic factors. External and internal elements that are expected to positively or negatively affect the firm have been studied, providing the reader with a clear future view of the industry.
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Global Data Center Power Market Overview
The increased demand for cloud storage has resulted in a rise in the number of data centers throughout the world. These data centers require a lot of electricity. The rise in the use of cutting-edge technology to reduce power consumption, as well as the development of modular data centers is expected to drive market growth. The COVID-19 pandemic had a huge impact on the data center power industry, especially on organizations, because most offline operations throughout the world were banned. The need for data centers is being fueled by the demand for software as a service (SaaS) and the possibility of working from home during the pandemic.
Global Data Center Power Market Dynamics
Companies use sophisticated power management solutions such as intelligent rack power distribution units (PDU), smart uninterruptible power supply (UPS), and battery monitoring systems to reduce the power usage efficiency (PUE) ratio and increase efficiency. This factor is expected to favor market growth throughout the forecast period. Data center-driven technologies and services have undergone unprecedented market growth. High processing power is required for cloud computing technologies, yet they offer benefits such as greater scalability, efficiency, and flexibility of company operations. As a result, many medium-sized firms now have efficient data centers, such as colocation and cloud web hosting. Because of rising data center utilization, mega and cloud data centers are becoming more popular.
Manufacturing application revenue is expected to reach over USD 2 billion by 2032. The adoption of innovative technologies to decrease errors and increase operational efficiency is increasing. Manufacturing companies are progressively adopting digital solutions, resulting in a significant amount of data generation and computational load. These factors will drive data center growth and increase energy consumption.
Global Data Center Power Market Regional Insights
North America had the greatest market share in terms of revenue in 2021 since it has the highest data centers in the world. Governments and regulatory bodies have developed and implemented a variety of standards and rules to reduce carbon footprints and energy consumption. As a result, effective power management technologies have seen widespread adoption, driving regional demand.
Global Data Center Power Market Segmentation
- Natural Gas
By Service :
- Steam Reforming
- Partial Oxidation
- Auto-thermal Reforming
- Combined or Two-step Reforming
- Biomass Gasification
By End User :
- Fixed Bed
- Entrained Flow
- Fluidized Bed
By Vertical :
- Power Generation
- Liquid Fuels
Global Data Center Power Market Key Competitors:
- Server Technology Inc.
- Tripp Lite
- Black Box Corporation
- Hewlett Packard Enterprise Company
- Cyber Power Systems, Inc.
- Abb Group
- Schneider Electric
- General Electric
- Eaton Corporation
- Delta Electronic Inc.
- Raritan Inc.
- Rittal Corporation
- N1 Critical Technologies
Key questions answered in the Global Data Center Power Market are:
- What is Global Data Center Power?
- What is the growth rate of the Global Data Center Power Market over the forecast period?
- What is the nature of competition in the Global Data Center Power industry in developed economies and developing economies?
- Who are the key players in the Global Data Center Power Market?
- Who are the market leaders in Global Data Center Power in Europe?
- Who are the market leaders in Global Data Center Power in USA and Canada?
- Who are the market leaders in Global Data Center Power in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Global Data Center Power Market?
- Who held the largest market share in the Global Data Center Power Market?
- What are the factors for the growth of the Asia-Pacific region in the Global Data Center Power Market?
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- Market Share, Size, Trends, Opportunities, Challenges & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Solution, Service, End User, Vertical, and Region.
- Competitive Landscape – Top Key players and Other Prominent Vendors
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