Introduction of the Data Center Power Market Report

Data center power is an essential component for data centers used for storing and other management purposes. Power breakdown accounts for servers 56%, cooling for 30%, power condition 8%, network 5%, and lighting 1%. The data center is a provision that centralizes an organization’s shared IT equipment and operations to process and store. Thus, with the emergence of cloud computing and virtualization, the global data center power market has grown.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the market growth include the increasing growth of data power consumption, which has led to a surge in research activity on data center qualitative output. According to U.S. Energy Information Administration, world energy usage is expected to increase by 50%, which is led by Asia’s growth between 2018-2050. This energy consumption has raised the demand for data center power across the globe, particularly in Asian countries. Furthermore, the rise in the demand for the digital economy has led to heavy investments in the infrastructure of data center and contributes to the growth of the global data center power market. Significant data center project have been announced for APAC and Europe. For example, the construction of a new 100 megawatt data center in London was announced in 2020 and the launch of US$ 1 billion data center fund, plan Frankfurt Facilities and London. According to “Environmental Research Letters” in the U.S., baseline servers installed in 2020 were 18.3 million and in 2010 it was 14.3 million, which shows the high adoption of data centers.

A major shift from captive to co-location data centers and implementation of new technologies like the internet of things (IoT), edge computing and 5G technology will drive sustained investment demand for data center power over the next five years. Furthermore, after the grey impact of pandemic across the regions, COVID-19 may act as a boosting factor for the key manufacturers and overall market due to the increase in use of internet services & work from home lifestyle which will automatically upsurge the overall demand for the data center power.

Restraint in the Data Center Power Market

However, power attack is an emerging threat to data centers and the high cost of infrastructure for data center are the key factors that are hampering the growth of the market.

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Product – Segment Analysis

Based on the Product, UPS is expected to dominate the global data center power market over the forecast period. The rise in implementation of cloud computing is surging the demand for UPS, which is driving the growth of data center power market. There is an increasing demand of UPS in data center as it delivers a dependable voltage supply using a power source. Transformerless UPS provides the same output and input voltage, which results in an extended operation period without any hamper. All in all, UPS provides continuity of power and enables data centers to work efficiently without interruption, which is driving the growth of the UPS segment in the market for data center.

End Use – Segment Analysis

Based on the End Use, IT and telecommunications sector is expected to grow at a higher CAGR over the forecast period. High adoption of data centers by the key IT players across the globe, such as Accenture, TCS, and IBM, are expected to increase the demand for the data center power. Data centers provide reliable storage of the essential and non-essential data and eliminate the glitches of portable technology, which supports the IT industry, thus leading to the data center market’s growth.

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Regional – Segment Analysis:

On the basis of region, North America region is expected to dominate the global data center market over the forecast period based on the region. Key players like Schneider Electric, ABB, Huawei Technologies Co., Ltd. Etc. have a strong presence in the region, thus contributing to the growth of the market in the region. Furthermore, the IT industry comes among the top five in driving the U.S. economy, which has significantly impacted the consumption of data center power positively.  With new creating possibilities in IT like IoT and AI, the sector will set a new benchmark, ultimately boosting the growth of the data center power market.

Top Market Players

Various notable players operating in the market include Schneider Electric, Vertiv Group Corp., ABB, Eaton, Delta Electronics, Inc., Huawei Technologies Co., Ltd., legrand, Tripp Lite., Toshiba India Pvt. Ltd., and Siemens, among others. 

Key Developments:

• • In 2020, Schneider Electric officially announced the launch of its first smart-UPS lithum ion, for low voltage switchgears. This product launch helped in expanding the product portfolio of the company, which in turn, may help in generating more revenue from the product pipeline.
  • In 2020, ABB announced the launch of a new switch gear, named NeoGear. This product offers more safety, more reliability which meets the consumer demand, which helped in expanding the customer base of the company.

Segments covered in the Report:

The global data center power market has been segmented based on product, end use, and regions. Based on product, the market is segmented into PDU, UPS, busway and others. Based on End Use, the market is segmented into IT and telecommunications, banking, financial services, and insurance (BFSI), government and defence, healthcare, research and academic and others. 

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Key questions answered in this research report:

• • At what pace is global data center power market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in data center power market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global data center power market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various end use areas of global data center power market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By End Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Schneider Electric, Vertiv Group Corp., ABB, Eaton, Delta Electronics, Inc., Huawei Technologies Co., Ltd., legrand, Tripp Lite., Toshiba India Pvt. Ltd., Siemens, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Data Center Power Market by Product

• • PDU
  • UPS
  • Buswway
  • Others

Global Data Center Power Market by End Use

• • IT & Telecommunications
  • Banking, Financial Services and Insurance (BFSI)
  • Government and Defense
  • Healthcare
  • Research and Academic
  • Others

Global Data Center Power Market by Region

• • North America Data Center Power Market (Option 1: As a part of the free 25% customization)
    • North America Market by Product
    • North America Market by End Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Data Center Power Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Product
    • Europe Market by End Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Data Center Power Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by End Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Data Center Power Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Product
    • RoW Market by End Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Data Center Power (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Schneider Electric
  • Vertiv Group Corp.
  • ABB
  • Eaton
  • Delta Electronics
  • Huawei Technologies Co., Ltd.
  • legrand
  • Tripp Lite.
  • Toshiba India Pvt. Ltd.
  • Siemens