Surging IT Infrastructure around the World to Fuel the Growth of Global Data Center Power Market by 2027 - Exclusive Report [202 pages] by Research Dive
The global data center power market is predicted to witness a noteworthy growth in forecast period due to the extensive growth of IT infrastructure across the globe. The Asia-Pacific region will grow exponentially in the global market by 2027.
NEW YORK, Oct. 12, 2020 /PRNewswire/ -- According to a newly published report by Research Dive, the Global Data Center Power Market is expected to garner $56,626.5 Million and rise at a CAGR of 7.2% during the forecast period from 2020 to 2027. Europe market for data center power is estimated to hold a leading position in the global market by the end of 2027, owing to growing expansion of mobile broadband and growing emphasis on the renewable data centers facilities in the region.
Quick Download Sample [80 pages] Report of Data Center Power Market: https://www.researchdive.com/download-sample/415
Data Center Power Market Dynamics:
The extensive growth of the IT infrastructure mainly in the emerging countries such as India, Brazil, and China is the major factor predicted to boost the global data center power market during the forecast period. Moreover, the growing prominence of the solar-powered data center around the world is likely to create lucrative opportunities for the global market growth by 2027. Conversely, the higher installation cost of data centers the lack of awareness related to data centers' knowledge are predicted to hamper the global market growth in the near future.
Furthermore, the outbreak of COVID-19 across the globe has created a positive impact on the global data center power market. This positive growth is majorly due to the rising demand for software as a service (SaaS) coupled with a rapid shift towards work from home culture in the pandemic. Besides, the emergence of a new business environment amid the pandemic crisis is predicted to spur the demand for cloud services and digitization.
Get Access to COVID-19 Impact on Data Center Power Market Analysis Report
Key Segment Findings of the Market:
The report segments the global data center power market into Product, End-User, and Region.
- Based on product, the overall industry is segmented into busway, UPS, PDU, and others. Of these, the UPS segment is to account for $35,628.9 million during the forecast period owing to the growing implementation of cloud computing coupled with the extensively increasing demand for ubiquitous & sensitive data.
- Based on end-user, the global market is classified into healthcare, IT & telecommunications, government, energy, BFSI, retail, and others. Of these, the IT & telecommunications segment is estimated to witness a rapid growth and is expected to grow at a healthy CAGR of 8.2% by 2027. This growth can be attributed to the deployment of huge data center infrastructure by emerging IT & telecom service providers to manage broadly increasing amount of data.
- Based on region, the overall industry is divided into Asia Pacific, North America, LAMEA, and Europe. The Asia Pacific region is expected to grow at a CAGR of 8.0% in the forecast period majorly due to the predominantly rising adoption of advanced technologies, such as IoT and AI.
Major Market Players
The key players of the global data center power industry include
- Eaton Corporation plc
- Vertiv Group Corp.
- Cisco Systems, Inc.
- ABB
- Mitsubishi Electric Corporation
- General Electric
- Siemens
- Schneider Electric
- ZincFive, Inc.
- Anord Mardix.
Furthermore, the report sketches and offers several aspects of these key players such as product portfolio, recent strategic moves & developments, SWOT analysis, and financial performance. - Quick Download Top Companies Development Strategies Summary Report [75 pages]
More about Data Center Power
Data Center Power: Why is it so Important?
Some of Trending Reports of High Tech, Enterprise & Consumer IT
1. Critical Infrastructure Protection Market: Global Opportunity Analysis and Industry Forecast, 2018-2015 – Request to Download TOC Sample
2. Marketing Resource Management (MRM) Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 – Request to Download TOC Sample
3. Optical Character Recognition (OCR) Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 – Request to Download Sample TOC
4. Internet of Things (IoT) in Energy Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 – Request to Download TOC Sample
5. IoT in Cloud Platform Market : Global Opportunity Analysis and Industry Forecast, 2020–2027 – Request to Download TOC Sample
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
+1-(917)-444-1262 (US)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
Blog: https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Logo: https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg
Share this article