Zion Market Research published new report on “Data Center Power Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” in its database
The data center is the department within the organization in which contains the large group of networked computer servers used by an organization for storage, processing or distribution of large amounts of data. Efficient power management for data centers involves analyzing the amount of power entering into a data center and power required for running computers in the data centers.
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The growth of global data center power market has been attributed to demand effective power solutions due to the tremendous increase in the number of data centers. In additions, the global initiative towards reducing carbon footprints, increasing replacement of traditional data center with new data centers having power management capabilities are the key driving factors of the market. However, high initial investment in the data center power management solutions coupled with a lack of awareness may restrict the growth of the market. Nonetheless, the emergence of trends like modular power solutions, intelligent rack power distribution unit (IPDU) is expected to open up new growth opportunities in the forecast period.
The report covers forecast and analysis for the data center power market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the data center power market has also been included in the study. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein segments are benchmarked based on their market size, growth rate, and general attractiveness.
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The report provides detailed segmentation of data center power market based on service, solution, vertical and end user. The service segment includes system integration services, consulting services, and professional services. In term of a solution, the market segmented under power distribution and measurement, power backup and cabling infrastructure. Vertical segmentation includes healthcare, IT and telecom, energy, banking, financial services, and insurance (BFSI), government and other verticals. enterprises, collocation provider, and cloud service providers are the category under end user segment.
Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. In terms of revenue, North America held the largest market share in 2015 and acquired over 35% of market share in the same year. However, Asia Pacific is expected to be fastest growing region due to the presence of developing economies. Further, low cost of investment led companies to set up their data center in Asia Pacific regions which in turn supports the market growth.
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Key players profiled in the report include Intel Corporation, Emerson Network Power, Raritan, Inc., ABB Ltd, Schneider Electric SE, Server Technology, Inc., Hewlett-Packard Company, General Electric Company, Eaton Corporation Plc and others.