07 November 2019
Data Center Power Market Report 2020-2030: Forecasts by Product (PDU, UPS, Busway, Others), Application (IT & Telecommunications, BFSI, Government, Energy, Healthcare, Retail, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry.
Increasing need to warehouse cloud information has led to an increase in the amount of data centers worldwide. An enormous quantity of energy is consumed by these data centers. It is anticipated that the increase in the implementation of sophisticated power consumption technologies combined with the advent of hybrid data centers will fuel market growth.
Companies are deploying advanced power management alternatives such as intelligent shelf Power Distribution Unit (PDU), smart Uninterruptible Power Supply (UPS) and device surveillance machinery to decrease the Power Usage Efficiency (PUE) percentage and boost effectiveness. This aspect is expected to bode well over the forecast period for market growth.
The industry has seen unprecedented development in information center-driven techniques and facilities. Technologies such as cloud computing involve strong computational energy; however, it provides advantages such as increased scalability, effectiveness and ease of company activities, resulting in the incorporation of efficient data centers by a variety of medium-sized businesses, such as web hosting cloud and colocation data centers. Increasing data center utilization has also led in growing acceptance of micro and cloud data centers. For maximum data-intensive activities, these data centers involve energy in big amounts, which eventually fuels requirement for UPS and PDUs.
Traditional data centers are being continually substituted by new systems with sophisticated techniques and capacities for power management. During the forecast period, the industry's change to colocation and hyper-scale data centers is anticipated to boost market growth. However, the elevated original expenditure needed for these alternatives and insufficient accessibility of compliant appliances may in the close potential hamper development.
Increasing energy costs and energy conservation consciousness have resulted in developers opting for smart power management alternatives. Some of the latest techniques used to optimize energy consumption in data centers and decrease the PUE percentage are intelligent power strips, PUE tracking systems and battery monitoring systems.
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