By the end of 2022, the market, according to the estimate, will be worth US$ 19 billion. According to Future Industry Insights, the market is expanding because of the rising per-person global demand for data consumption.
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).
Modern society cannot function without data centres. The demand for data centres is increasing globally due to the digitalization of the global economy and the significant shift towards cloud-based data storage.
The energy needed to run this network of data centres is enormous. Therefore, the global market for this technology is being impacted by the development of renewable energy sources and a coordinated data centre power management strategy.
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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.
The demand for hardware components will rise as current data centres are modernised.
As data centres are modernised to improve their performance, the market for data centre power management is growing. Examples of such enhancements include changes to power distribution units, infrastructure, and energy backup systems like UPSs.
As green infrastructures are used more frequently, data centres are in more demand. An intelligent automated system that keeps an eye on and controls backup power supplies, cooling systems, and distribution systems makes good use of electricity and so reduces the consumption of electricity.
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Competitive Landscape
The industry is defined by the presence of both big and small businesses in data centre power management. Leading businesses are expanding their clientele via a range of strategies, including mergers & acquisitions, partnerships, and collaborations. Global government initiatives and the emergence of private data centres are providing new sector players with significant growth potential.
For instance,
In March 2021, Eaton completed the acquisition of Tripp Lite in order to expand its power business in the Americas. The acquisition helped the company's single phase UPS business, IT product line, and data centre clients receive improved services. Additionally, it increased the reach of edge computing.
In March 2020, ABB Ltd. announced the launch of a cutting-edge UPS system. The MegaFlex system is durable, tiny in size, and has a 45 percent lower environmental impact. It offers less energy loss and sustainable power technology with high-efficiency converters.
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:
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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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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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 14, 2023
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