Global Data Center Power Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Data Center Power Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

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The Data Center Power Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global data center power market report has been segmented on the basis of component, end-use vertical, and region.

Data Center Power Market Overview:

The Data Center Power Market was valued at $42.4 billion in 2021 & is projected to reach $84.9 billion by 2028. It is expected to grow at an 8.3% CAGR between 2021 and 2028.

Power management solutions for data centers are considered to be essential for data centers to carry out various operations. Power management products aid in power distribution to data center racks from the utility grid, and supply power during power cuts.

Advanced power management products include various features, which enable efficient data center infrastructure operations, and help in reducing energy wastage.

These products also include features such as DCIM integration-based real-time monitoring and controlling.

The rising demand for cloud storage has led to an increase in the number of data centers, which consume a significant amount of energy.

Expenses related to energy consumption account for a major portion of the overall operating costs of data center infrastructure.

To increase efficiency, and decrease power usage effectiveness ratio, designers and producers are developing, and implementing innovative management solutions that enhance energy consumption in these systems, thus expected to be a key driving factor for the growth of the global data center power market.

The complexity of data center designs and the requirement of high initial investments for implementing energy-efficient solutions in data centers are anticipated to hamper the growth of the global data center power market in near future.

However, the increasing adoption of mobile and online computing services by multiple business units and increasing usage of social media requires a large amount of storage space increasing demand for data centers.

These are some additional factors anticipated to boost the growth of the global data center power market in the next ten years.

Asia Pacific market is anticipated to be the most promising market for data center power, owing to increasing demand for data storage for cloud-based applications.

In addition, increasing government support has fueled the construction activities of data centers in this region.

Governments in developing countries such as China, and India are focusing on implementing cloud-based services in multiple sectors such as education, and healthcare.

This is anticipated to positively support the growth of the data center power market in the Asia Pacific region in the next eight years.

Global Data Center Power Market Segmentation:

Segmentation by component:

• Solution
• Service

Segmentation by end-user vertical:

• Banking, Financial Services, and Insurance (BFSI)
• Government
• Healthcare
• IT and telecom
• Defense & Aerospace
• Others (manufacturing, retail, and energy & utility)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa