The global data center power market is expected to grow at a CAGR of close to 13% from 2017-2021, according to a new market research report by Technavio.
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Technavio has published a new market research report on the global data center power market 2017-2021 under their ICT library. (Graphic: Business Wire)
Global data center power market segmentation by product and geography
Technavio's report on the global data center power market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by product, including uninterruptible power supply, generators, transfer switches and switchgear, power distribution units, and energy storage. The UPS dominated the global data center market in 2016, accounting for a share of more than 26%.
Based on geography, the global data center power market has been segmented into the Americas, EMEA, and APAC. The Americas dominated the global data center power market in 2016, with a share of more than 46%.
"The Americas dominated the global data center power market in 2016. The growth is attributed to the increasing number of new data center constructions as well as the renovation of the existing data centers. The US is major revenue contributing country in this region, wherein many global providers are involved in powering the facilities through renewable energy sources for data center operations," says Jujhar Singh, a lead analyst at Technavio for data center research.
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Global data center power market: competitive vendor landscape
The global data center power market is dominated by six key players that include ABB, Eaton, Vertiv, GE Industrial Solutions, Legrand, and Schneider Electric. Vendors in the global data center power market are moderately concentrated. The market is highly competitive as all players strive to gain greater market shares. Intense competition, rapid advances in technology, and consolidation of data centers constitute significant risks for the vendors in the market. Therefore, to survive and succeed in this competitive environment, it is imperative for vendors to distinguish their product and service offerings through clear and unique value propositions.
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Other topics covered in the report:
Market drivers:
- Increased construction of green data centers
- Increase in data center investment
Market challenges:
- UPS battery failure
- Consolidation of data centers
Market trends:
- Use of DC power distribution for data center
- Growing adoption of multimode UPS systems
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