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Data Center Power Market Is Expected To Reach USD 29.65 Billion By 2027 At A CAGR Of 6.50 percent.
The Data Center Power Market report from Maximize Market Research offers a thorough analysis for the forecast period of 2022 to 2027.
Data Center Power Market Scope:
For industry participants, the report offers in-depth market insights that cover information on the most recent, ongoing, and projected changes in the sector as well as forecasts for market size and trends. Additionally, it offers a succinct explanation of challenging market data. Every industry sector is analysed, with a focus on significant businesses such as market leaders, underperformers, and recent newcomers. The whole PESTLE analysis for each country is included in the brochure. Because it offers a thorough analysis of the competitive landscape of the leading companies in the Data Center Power market by products and services, revenue, financial state, portfolio, growth plans, and geographic presence, the study serves as an investor’s guide.
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Data Center Power Market Overview:
Data centres’ power efficiency and effectiveness are managed using data centre power solutions. To lower overall power usage, important players in the data centre are developing cutting-edge power management solutions like intelligent rack PDU, smart UPS, and battery monitoring devices.
Data Center Power Market Dynamics:
An increase in the demand for cloud storage has led to an increase in the number of data centres throughout the world. These data centres need a lot of electricity. Market expansion is anticipated to be driven by the rise in the introduction of cutting-edge technologies to lower power consumption as well as the advent of modular data centres. The COVID-19 epidemic had a significant impact on the data centre power industry, particularly organisations, as most of the world’s offline activities were outlawed. However, the need for data centres is being driven by the demand for software as a service (SaaS) and the opportunity for a work-from-home lifestyle during the pandemic.
Companies use sophisticated power management tools like intelligent rack power distribution units (PDU), smart uninterruptible power supplies (UPS), and battery monitoring systems to lower the power use efficiency (PUE) ratio and boost efficiency. Over the course of the projected period, it is anticipated that this aspect will favour market expansion.
Data center-driven technology and services have experienced unheard-of market growth. High computational power is needed for technologies like cloud computing, but they have advantages like improved scalability, efficiency, and flexibility of business operations. As a result, many medium-sized businesses now have efficient data centres like colocation and cloud web hosting facilities. Mega and cloud data centres are becoming more popular as a result of increased data centre utilisation. For peak data-intensive activities, these data centres need a lot of power, which raises the demand for UPS and PDUs.
Data Center Power Market Regional Insights:
The North American region is expected to hold the major share of the Data Center Power market over the forecast period. The North American region is expected to hold the major volume of the Data Center Power market over the forecast period. This is due to the region having the most data centres globally. Governments and regulatory organisations have created and put into effect a number of rules and regulations to cut down on energy use and carbon footprints. As a result, effective power management technologies have been widely adopted, fuelling regional demand. Organizations, for instance, spend a significant amount of their expenditures on cooling and maintenance systems. As a result, it becomes crucial to include effective power management tools like PDU, busway, and UPS among others to reduce wasteful expenditure at data centres.
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Data Center Power Market Segmentation:
Data Center Power Market Key Competitors:
Maximize Market Research, a multidimensional market research and consulting firm, hires professionals from a range of industries. We concentrate on a number of sectors, such as those that make medical devices, pharmaceutical firms, science and engineering, electronic components, industrial equipment, cars, chemical goods and substances, general merchandise, alcoholic beverages, personal care items, and automated systems. We provide a variety of services, including customer impact studies, competitive analysis, production and demand analysis, and market-verified industry estimations.
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