Data Center Power Market Size and Share


Pune, India, May 12, 2021 (GLOBE NEWSWIRE) –

The global data center energy market size is poised to grow exponentially during the forecast period as the demand for data centers increased during the COVID-19 pandemic, with huge consumption of networks due to working from home and a larger audience of OTT platforms.

With the proliferation of advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), 5G, and the cloud, the demand for power for data centers is likely to increase over the next five years. These advanced technologies are expected to be integrated into the systems used by manufacturing companies, which will put increasing pressure on the IT infrastructure.

Next-generation IT infrastructure will likely adopt advanced power supply solutions that can cope with these pressures. A growing trend towards personalized services marks a new trend in the market, through which service providers have responded to the individual demands of end users.

The following top seven trends are predicted to accelerate the outlook for the data center energy market to 2026:

Broad adoption across European cabling infrastructure

The cabling infrastructure in European Countries are expected to experience strong growth throughout the forecast period owing to the increasing demand for reliable and efficient equipment in the region’s data centers. Cable management products and solutions are widely used due to their simple, modular design and ease of installation. Leading manufacturers in the European data center power market provide advanced cable management solutions with enhanced scalability, flexibility and intelligence.

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Growing demand in hyperscale data centers in Europe

Due to the increasing integration of advanced energy storage devices into hyperscale data centers, the UPS segment accounted for a significant portion of the total revenue share in 2019. Cloud service providers especially expanded their presence throughout the region by developing mega data centers.

For example, in September 2020, Google LLC announced plans to invest more than $ 3.3 billion in expanding its data center footprint in Europe over the next two years. Because hyperscale data centers involve the integration of a multitude of storage devices and servers, they require an uninterrupted power supply to ensure continuous transmission and processing of data.

Focus on reducing energy consumption in America

Data centers consume more than 416 terawatts of electricity per year, which represents almost 3% of the total electricity produced globally. According to the Energy Technology Field or ETA, more than 73 billion kWh were consumed by the United States in 2020.

This has highlighted the need to minimize energy consumption across the region, generating demand for advanced solutions across the region. North American Industry. Power management in data centers can be achieved by improving the flow of power distribution between ventilation systems, environmental control, UPS systems and lighting.

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Growing demand for OTT services in Canada and the United States

The North American data center energy market forecast shows strong growth due to the growing number of intelligent energy management solutions in the region. The popularity of OTT services in the United States and Canada has skyrocketed since the novel coronavirus outbreak, with subscriptions skyrocketing on platforms such as Amazon Prime Video, Disney Hotstar, and Netflix.

Additionally, data-intensive companies have sought to minimize greenhouse gas emissions and the PUE ratio, while increasing energy efficiency. With this in mind, several industry players have developed intelligent inverters, intelligent PDUs, as well as battery monitoring equipment.

Digitization in the healthcare sector in North America

North America data center energy market applications are segmented into Healthcare, IT & Telecom, BFSI, Government, Manufacturing, Energy & Power end users. flatsharing. Among these, the healthcare sector has had a major impact on the market, with an increased need for data center services.

By 2026, the healthcare applications segment will see considerable revenue generation, thanks to the increasing use of digital data and a greater emphasis on government standards. Government mandates, including HIPAA standards, are enforced more strictly to ensure increased productivity and efficiency in the healthcare sector.

Growing demand for online banking in Asia

Asia Pacific has witnessed a flourishing BFSI industry seeking digital technologies, particularly in the aftermath of the COVID-19 pandemic. Contactless payments, point-of-sale terminals, mobile wallets and online banking in general have become increasingly popular in recent years.

For example, in Japan, more than 24 million people used their smartphones at point-of-sale terminals to make payments in 2019. Growing concerns about data center downtime are fueling market demand.

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Increased Internet penetration in the APAC region

The demand for transparent online video streaming has grown in sync with the increasing internet penetration in Asian countries. The high data consumption rate by Amazon Prime Video, YouTube and Netflix users will result in the focus on developing a robust data center infrastructure. The rapid adoption of 5G, IoT, AI, cloud computing and other latest technologies in many data center construction projects is likely to drive the market expansion.

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