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Upcoming Allied Market Research
2021
Data Centres Power Market

Data Centres Power Market by Component (Solutions and Services), Solutions (Power Monitoring, Power Distribution, Power Backup, and Cabling Infrastructure), Services (System Integration, Training & Consulting, and Support & Maintenance), Enterprise Size (Large Enterprises and Small & Medium Enterprises) and Industry Vertical (BFSI, IT & Telecom, Manufacturing, Healthcare, Media & Entertainment, Retail and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A12978
Pages: NA
Oct 2021 | 183 Views
   
Author(s) : Vineet Kumar
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Data Centres Power Market Insights - 2030

A data center is referred as space used to store large data collected from various data sources. It is used to store data-processing equipment such as servers combined with different components such as telecommunications, network, and storage systems. Every businesses, government organizations, educational institutions, financial institutions, retailers, vendors of online data, social networking services and several more that creates or uses the information has the requirement of data centers to a certain extent. Each data center uses alternating current and direct current to provide power to its equipment’s. Alternating current power is mostly used in many data centers these days, but slowly it is transformed to direct current power. Although each organization is unique in its way, but every single data center needs air ventilation, lighting, generators, fire suppression systems, and alarm systems to operate efficiently.

Market scope and structure analysis:

  Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value ($)

  Segments covered

Component, Solutions, Services, Enterprise Size, Industry Vertical and Region.

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies covered

Major players include: Schneider Electric SE, Vertiv Group Corp., ABB Ltd., Eaton Corporation PLC, Toshiba Corp., Siemens AG, Legrand SA, Mitsubishi Electric Corporation, Delta Electronics Inc., Cisco Systems Inc.

 

COVID-19 Scenario Analysis:

  • Since the COVID-19 virus outbreak in December 2019, the epidemic has spread to nearly every country across the globe with the World Health Organization COVID-19 as a pandemic. The pandemic has affected most of the industries resulting to the imposed lockdown by government of various nations. The need for enhanced data center increased in order to protect confidential data.
  • Continued movement of business IT platforms to the private and public cloud is driven by the need to enhance cybersecurity methods. Public Cloud data center solutions usually reside behind secured firewalls which are maintained and tested by the service provider on a routine basis. For businesses, this lowers the burden of having to deliver constant updates to infrastructure security and saves operational cost to some extent.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Rise in the adoption of cloud computing giving rise to greater need for data centers, increase in the number of data center all around the world, and rise in the building of data centers are the factors which drive the growth of data center power market. In addition, data centers are revamped to improve facilities, such as infrastructure to provide support to IT requirements, rise available space and power, and improve the overall reliability of data center facilities and thus drives the market growth. However, lack of proper infrastructure and awareness about the benefits of energy-efficient solutions hampers the market growth. Furthermore, increase in number of data center transformations as it costs less compared to building a new one is expected to provide lucrative opportunities to the power vendors and thereby propelling the growth of the data center power market.

What are the market trends for Data Centres Power Market?

Power backup plays a crucial role in data center

The data center power market has solutions which includes, power distribution, power monitoring, power backup and cabling infrastructure. Power backup for data centers is the most important component, as the data centers cannot function without it. Power backup helps minimize unplanned interruption and provide power to the data centers through power stored in batteries and provided by the uninterruptible power source. The data centers with backup systems can gain significant cost advantages, improve reliability, and improve operational continuity. Power backup also acts as the bridge between mains failure and generator startup.

Rise in construction of new data centers in the Asia Pacific region

Asia-Pacific is expected to observe significant growth during the forecast period. The rapid adoption of advanced technologies like the 5G, big data, IoT, and cloud computing which leads to the rise in construction of new data centers. The number of data centers in the region is expected to further increase due to a rise in online shopping, social events, online education, and remote working amidst the pandemic situation. The countries like Japan, China, and Australia are developing huge data centers and thereby driving the market growth.

Key segments covered:

Segments

Sub segments

  Component

  1. Solutions
  2. Services

  Solutions

  1. Power Monitoring
  2. Power Distribution
  3. Power Backup
  4. Cabling Infrastructure

  Services

  1. System Integration
  2. Training & Consulting
  3. Support & Maintenance

  Enterprise Size

  1. Large Enterprises
  2. Small & Medium Enterprises

  Industry Vertical

  1. BFSI
  2. IT & Telecom
  3. Manufacturing
  4. Healthcare
  5. Media & Entertainment
  6. Retail
  7. Others

 

Key benefits of the report:

  • This study presents analytical depiction of the data center power market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions answered in the data center power market research report:

  • Who are the leading market players active in data center power market?
  • What would be the detailed impact of COVID-19 on data center power market?
  • What current trends would influence the market in the next few years??
  • What are the driving factors, restraints, and opportunities in the data center power market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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