Data centres are essential to modern society. The digitalization of the world economy and the considerable shift toward cloud-based data storage are driving up demand for data centres internationally.
According to Future Market Insights (FMI), the data centre power management market would have robust CAGR growth of about 7% over the course of the anticipated timeframe. (2022-2032).
The report predicts that the market would be valued US$ 19 billion by the end of 2022. Future Industry Insights claims that the market is growing as a result of the increased global demand for data consumption per person.
This network of data centres requires a tremendous amount of energy to operate. Therefore, the development of renewable energy sources and a coordinated strategy for data centre power management are having an impact on the market for this technology worldwide.
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Key Takeaways
“Demand for technologically advanced items is rising as a result of economic expansion in China, India, and other emerging economies. In order to grow their operations throughout Asia Pacific, data centre power management component manufacturers, distributors, and suppliers are likely to focus on these markets, according to an analyst at FMI.
By modernising existing data centres, hardware component demand will increase.
The market for data centre power management is expanding as a result of data centres being upgraded to increase their performance. Infrastructure, energy backup facilities like UPSs, and modifications to power distribution units are examples of such improvements.
Data centres are in greater demand as green infrastructures are being used more frequently. A clever automated system that monitors and manages support systems like cooling equipment, power backup, and distributes makes excellent use of electricity and hence decreases the consumption of electricity.
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Competitive Landscape
Both large- and medium-sized data centre power management players are present in the industry, which defines it. Leading companies are using a variety of techniques, including mergers and acquisitions, partnerships, and collaborations, to increase their client base. Government activities worldwide as well as the development of private data centres are opening up significant growth opportunities for new industry players.
For instance,
Eaton finished acquiring Tripp Lite in March 2021 in order to grow its power business in the Americas. The acquisition contributed to the expansion of single phase UPS business, the IT product line, and better services for its data centre clients. It also broadened the scope of edge computing.
ABB Ltd. announced the introduction of a cutting-edge UPS system in March 2020. The MegaFlex system has a 45 percent smaller environmental footprint, is resilient, and is compact in size. With high-efficiency converters, it provides decreased energy loss and sustainable power technology.
Key Companies Profiled
ABB, Eaton, Schneider Electric SE, DataSpan, Huawei Technologies Co., Ltd., Toshiba Electronic Devices & Storage Corporation, Bxterra Power Technology, Cyber Power Systems, Inc., General Electric, ZPE Systems, Inc., Aggreko, Sunbird Software, Inc., Elco Solutions, Socomec, Hewlett Packard Enterprise, Enlogic, Delta Electronics, Inc., Raritan Inc., Toshiba Electronic Devices & Storage Corporation
More Valuable Insights on Data Center Power Management Market
The data centre substation industry research report from Future Market Insight is divided into seven main sections: component, data centre type (modular, colocation, cloud, edge, hyperscale, micro mobile data centre), data centre tier (tier- 1, 2, 3, 4), installation type (new installation, retrofit/upgrade), end-user (cloud providers, colocation), and
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Data Center Power Management Market by Category
By Component:
By Data Center Type:
By Data Center Tier:
By Installation Type:
By End User:
By Industry:
By Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 08, 2023