Statistics of Data
Center Power market covering market
size, industry share numbers, regional outlook, competitive landscape with data
about leading companies is now available in the latest report by Global Market
Insights, Inc.
Data Center Power Market size is anticipated to
witness a considerable growth over the forecast timeline due to the increasing
demand for products with intelligent features such as remote access of devices
& troubleshooting problems along with environmental and security feature.
Moreover, demand of power back-up solutions owing to the environmental or
mechanical problems, and data storage space requirement is driving the data
center power market.
Adoption of services such as mobile computing,
online services by enterprises, and increasing usage of social media, requires
large amount of storage devices for the content, which expected to catapult the
data center power market growth. It helps operators to remotely monitor and
manage the power usage effectiveness. Further, the software helps in analyzing
the power quality, capacity management, and IT infrastructure power
consumption. Moreover, elements such as remote software and sensors attached to
the systems is expected to ensure the efficient management of data center power
market.
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Increasing number of data centers across the globe is
expected to drive the data center power market growth. Due to growing rate of
carbon emissions and electricity, enterprises are focusing on building green
data center facilities to ensure energy efficiency by reducing the electricity
consumption and carbon footprint. Data center automation management activities
will become the norm to reduce the work load and human errors, and to speed up
responsiveness to equipment failures, thereby enhancing contributing to the
industry growth. Further, there will be a continuous focus on improving the
software platforms which can provide connectivity and components unified view
to increase management efficiency and provisioning.
Data center power market will have more resources
available to them including IoT integrated data from different resources for
optimized functioning of their facilities. Moreover, by clubbing smart
technologies into the data center, enterprise will be able to monitor real time
status of components and environmental measurements to maintain smooth work
flow.
Energy storage in the data center power market are
used to backup generators during power shortages. There has been an increasing
interest in adopting energy storage devices by firms to reduce high electricity
bills. Generators provide power in case of interruption of main power. The
components do not easily bear power spikes owing to swapping from normal to an
emergency power supply. These generators can be classified into liquid propane
or natural gas generator, diesel and bi-fuel generators.
Factors such as server power & cooling power costs,
cooling capacity, physical space, compute cycle, high energy consumption is
expected to limit the data center power market development. Carbon and water
efficiency issues as these uses large amount of electricity along with
in-efficient water usage for cooling purpose can also restrict the progress.
Moreover, large upfront cost related to construction of highly advanced
facilities along with increased complexity in running in-house data center can
be a barrier for the SMEs in data center power market.
Stringent government regulations towards environment
protection is having a negative impact on the data center power market.
Further, operators are compelled to reduce power consumption and carbon
footprint. For instance, Google data center at Hamina, Finland is configured to
use 50 percent less using natural sea water for cooling rather than chemicals,
operating at average power usage effectiveness.
On the basis of application, data center power market
is segmented by BFSI, healthcare, and IT & telecom. In BFSI, data center
power helps in powering branch automation, connecting the customer service
desk, and IT equipment in the branch office with the customer’s data in the
back office. The data center constitutes the critical load in the everyday
operations of the business, and act as the backbone of financial data
computation, records storage and transaction system.
In the U.S., increasing number of
new data center power construction as well as innovations such as powering the
facilities through renewable energy resources is anticipated to fuel the data
center power market in the country. In Europe, increasing demand for
computational power from several enterprises will fuel the industry growth.
Further, the rise in demand for information storage space is spurring the high
demand in the region.
Key players operating in the data
center power market are Schneider electric, Emerson Electric, General electric,
Eaton, ABB. Emerson Electric provides critical infrastructure technologies and
life cycle services for information and communications technology system. The major
players are focusing on forming strategical alliances with other service
providers to enhance and revolutionize the data center power market. Schneider
electric had partnered with HP in 2014 to provide simultaneous visibility into
asset data for both IT and facilities managers, enabling a key next step in
automated service deliveries and data center service optimization.
This latest Data
Center Power Market
research report offers in-depth analysis, key industry insights, market sizing
& forecast on a granular level for key products, applications across number
of regional markets. The report also analyzes the Data
Center Power industry from business strategy
perspective, describing in detail growth drivers, pitfalls &challenges for
participants, accompanied by a detailed competitive benchmarking including
company market share analysis and detailed business profiles.
Reasons to Buy This Report
•
Global Data Center Power Market size & forecast by product &
application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Data Center Power Market growth opportunities & emerging business
models.
•
Competitive benchmarking with market share analysis and company
profiles.
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Insights
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