Data center power management market expected to reach around $37.3 billion by 2032 – IMF
Data Center Power Management Market – Analysis, Outlook, Growth Trends and Forecast
DUBAI, DUBAI, UNITED ARAB EMIRATES, February 16, 2022 /EINPresswire.com/ — According to Future Market Insights (IMF), demand in the Data Center Power Management Market will grow at a robust CAGR of around 7% over the forecast period (2022-2032).
The report states that the market is expected to reach the valuation of ~US$19 billion by the end of 2022. According to Future Market Insights, the rising demand for data consumption per person globally is positively affecting the growth of the market.
Data centers are an integral part of the digital society. The digitalization of the global economy and a massive move towards cloud-based data storage are increasing the demand for data centers worldwide.
To operate this digital ecosystem of data centers, an enormous amount of energy is required. Hence, the adoption of sustainable power sources and an integrated approach to data center power management is shaping the global data center power management market.
Request a sample to get authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-6958
Key points to remember
By component, the DCIM (data center infrastructure management) software segment is expected to grow at a robust CAGR of nearly 8% through 2032.
The UPS (uninterruptible power supply) systems segment is expected to register growth at a CAGR of approximately 8.3% between 2022 and 2032.
By data center type, the hyperscale data center segment will grow at a CAGR of 9.0% by 2032.
In terms of industry, the BFSI segment will register the highest growth with a CAGR of 9.7% between 2022 and 2032.
North America holds the highest market share in the data center power management market, however, South Asia & Pacific market will witness the highest growth with a CAGR by 9%.
By data center tier, the Tier 4 data center segment will experience the fastest growth with a CAGR of 8.2% between 2022 and 2032
“Due to economic growth in China, India and other emerging economies, the demand for technologically advanced products is increasing. Therefore, manufacturers/distributors/suppliers of data center power management components are likely to target these markets to expand their business across Asia-Pacific,” the IMF analyst said.
Upgrade existing data centers to create demand for hardware components
Upgrading data centers to improve data center performance creates growth opportunities for the data center power management market. Such improvement includes infrastructure, energy backup facilities such as inverters and change of power distribution units.
The adoption of green infrastructure for data centers is increasing, which is fueling the demand for data centers. Support systems such as cooling equipment, backup power and distributions are monitored and managed by an intelligent automated system that uses electricity very efficiently and therefore minimizes electricity consumption.
To stay “ahead” of your competitors, get a personalized report – https://www.futuremarketinsights.com/customization-available/rep-gb-6958
The market is characterized by the presence of large and medium-scale data center power management players. Major players are adopting several strategies, such as mergers and acquisitions, collaborations, partnerships, to expand their customer base.
Various initiatives are undertaken by the government in several countries along with the construction of private data centers which create strong growth opportunities for new entrants in the market.
In March 2021, Eaton completed the acquisition of Tripp Lite for the expansion of its electrical business in the Americas. The acquisition helped increase the breadth of edge computing, expand the single-phase UPS business, IT product portfolio and improve services for its data center customers.
In March 2020, ABB Ltd announced the launch of an innovative UPS solution. The MegaFlex solution offers compact size, resiliency and a 45% footprint reduction. It offers reduced energy loss and sustainable power supply technology with high efficiency converters.
Profiled Key Companies
Siemens AG, ABB, Eaton, Schneider Electric SE, DataSpan, Hewlett Packard Enterprise, Enlogic, Delta Electronics, Inc., Raritan Inc., 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
More valuable insights into Data Center Power Management Market
Future Market Insight’s report on data center substation industry research is segmented into seven major sections – component (hardware power distribution units (PDUs), power generators, uninterruptible power supply ( UPS), DCIM software and services), data center type (modular, colocation, cloud, edge, hyperscale, mobile micro data center), data center tier (tier 1, 2, 3, 4), type installation (new install, retrofit/upgrade), end user (cloud providers, colocation providers, enterprise data centers, hyperscale data centers), industry (BFSI, healthcare, manufacturing, IT and telecommunications, media and entertainment, retail, government) and region (North America, Latin America, Europe, East Asia, South Asia and Pacific, and Middle East and Africa), to help readers understand and to evaluate the opportunities luc factors in the demand outlook for data center substations.
Ask us your questions about this report: https://www.futuremarketinsights.com/ask-question/rep-gb-6958
About the IGF
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai, the financial capital of the world, and has delivery centers in the United States and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth.
Future Market Outlook
Unit No.: AU-01-H Gold Tower (AU), Parcel No.: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales inquiries: [email protected]
For media inquiries: [email protected]
Source of the press release: https://www.futuremarketinsights.com/press-release/data-center-power-management-market
Future Market Outlook
write to us here