Market Overview:
The Global Data Center Power Market Size Was Valued At USD 9.01 Billion In 2022 And Is Projected To Reach USD 14.47 Billion By 2030, Growing At A CAGR Of 6.1% From 2023 To 2030.
A data center is a specialized hardware structure placed inside a building that includes networking, storage, and communications technologies in addition to computing equipment like servers. Governments, educational institutions, financial organizations, retailers of all sorts, online information providers, and social networking sites are just a few of the industries that require data centers. The majority of a data center's spending goes toward power. Data centers, which are necessary to perform a number of duties, are equipped with power management systems. These methods are employed to control the data centers’ efficacy and efficiency in terms of power utilization. The growing popularity of cloud computing is another factor driving the demand for data center electricity.
Top Key Players Covered In The Data Center Power Market:
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, Vertiv, Huawei, Legrand, Toshiba, Siemens, N1 Critical Technologies and other major key players.
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Market Dynamics and Factors:
Data center outages are currently most frequently caused by software and networking problems, with power problems becoming less frequent. Businesses are less effective when there is data loss. Users and employees are unable to access files and carry out crucial job functions as a result of lost data. Data center outages may be caused by hardware or software issues, network issues, power outages, cyber-attacks, or human error. Data centers are becoming more and more important since many small and large organizations depend on the smooth execution of their operations and the protection of their customers' data. Natural catastrophes also have an impact on some data centers.
Key Chapter Will Be Provided In The Report
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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Data Center Power Market Segmentation:
By Solution
- Power Monitoring
- Power Distribution
- Power Backup
- Cabling Infrastructure
By End Users
- BFSI
- IT and Telecommunications
- Government and Defense
- Healthcare
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
· North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In November 2021, Amazon Web Services, Inc. (AWS) and IBM announced a collaboration to serve energy customers by combining the benefits of IBM Open Data for Industries with IBM Cloud Pak for Data and the AWS Cloud. This comprehensive solution is built on Red Hat OpenShift and will run on the AWS Cloud, making it easier for businesses to execute workloads both on-premises and in the AWS cloud.
In October 2020, IBM announced a strategic extension of capabilities to give clients the choice to deploy workloads anywhere they want, from on-premises to the IBM public cloud, and to accelerate their path to the hybrid cloud.
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? It offers recommendations and advice for new entrants in the global Data Center Power market and carefully guides established players for further market growth
? Apart from the hottest technological advances in the global Data Center Power market, it brings to light the future plans of dominant players in the industry
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