Market report shows increasing demand for data centre power equipment

0
60

The global data centre power market is expected to reach USD 10.77 billionby 2025, according to a new report by Grand View Research. The global data centre power market is majorly driven by the shift of various end-users towards hyper-scale and colocation data centres. The increase of such data centre facilities is anticipated to result in an increasing demand for data centre power equipment in the coming years.

Globally, data centres consume around 3% of the total energy generated. Moreover, since the energy prices are rising, the need to reduce PUE ratios is also growing. Data centre designers are currently adopting advanced power distribution and management solutions to attain energy efficiency at lesser PUE ratios. This goal of reducing the PUE ratio is further expected to spur the demand for advanced and intelligent data centre power products over the forecast period.

The UPS product segment dominated the global data centre power market in 2016. Additionally, most data centres use smart UPS systems, battery monitoring devices, and intelligent power distribution systems in a bid to reduce the PUE ratio. The increasing penetration of these new devices is further expected to boost the demand for UPS over the forecast period.

The US has some of the biggest data centres in the world. The country accounted for more than 70% of the total market share of North America in 2016. Furthermore, Asia Pacific is projected to be the highest growing region owing to the increasing number of co-location data centers in developing countries such as India and China.

Key players that captured a significant market share in 2016 were Vertiv Co., Schneider Electric, Legrand, General Electric, and Eaton, among others.

LEAVE A REPLY

Please enter your comment!
Please enter your name here