SELLBYVILLE, Dela., April 5, 2018 /PRNewswire-iReach/ -- According to a new research report by Global Market Insights, Inc. "Data Center Power Market share is slated to be valued USD 27 billion by 2024." Rising cost of energy and growing awareness of consumers to save electricity has led manufacturers to design intelligent power management products, which is helping reduce the power usage effectiveness (PUE) ratio and improve the energy consumption. The outdated facilities are being substituted with modern systems which consist of innovative management technologies. Moreover, the shift of the industry towards hyperscale and colocation facilities will fuel the demand for data center power market over the forecast timespan.
Data center power market is witnessing increasing demand from the IT & telecom industry, which can be attributed to the enormous volume of data generated by the businesses that require adequate storage and demand for improving service levels. To streamline operations, reduce costs, and enhance the performance companies operating in the IT & telecom industry are focusing on deployment of these facilities. In addition, the infrastructure development across several countries by major IT companies such as IBM, Google and Microsoft are providing an impetus to the data center power market growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1759
The rapidly rising energy costs has made the data center operators more inclined towards the greener facilities to improve the operational efficiency of the equipment, which will impact the sales of the equipment such as cabling, busways and intelligent PDUs over the forecast timespan. Players are manufacturing equipment with energy efficient technologies and are utilizing renewable and green energy for their products. In addition, data center power market service providers are implementing the adaptive control systems to minimize the energy consumption. The efficient power solutions installed in the facilities are helping companies to reduce the overall operating cost, which in turn are reducing the total cost of ownership (TCO).
Emerging trend of utilizing colocation facilities by companies in comparison to the construction of new facilities can be credited to the requirement of huge capital investments. Factors such as capital expenditures associated with building newer facilities followed by need for updating large computing centers are compelling the colocation data center power market growth. In addition, growing popularity of using colocation among the cloud service providers and private companies is fueling the industry growth. However, complexity of data center designs and high initial investments required for these facilities may hamper the data center power market growth.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1759
Increasing number of the facilities coupled with the rising investments by various business entities across the Nordic region will fuel the Europe data center power market growth. Several companies are focusing on making expansion in the region owing to the presence of abundant fossil fuels and the favorable temperature. Facility operators are investing in high amount in outsourcing the services to meet the ever-increasing capacity requirements. Growing demand of virtualization by businesses implementing and using cloud technology is expected to boost the deployment of power solutions in European countries.
The data center power market is significantly competitive, where the major players are competing based on customer base, and the need for high energy requirements. Intense competition prevails in the industry, where several SMBs and large businesses are implementing efficient facilities for their businesses to sustain in the intensely competitive environment. Several growing businesses are preferring the construction of new facilities instead to gain a competitive edge over their peers.
Buy this research report spread across 280 pages with 303 market data tables & 90 figures & charts from the report, "Data Center Power Market Size By Component (Solution [Power Distribution Units (PDUs), UPS, Generators, Cabling Infrastructure], Service [Managed, Professional]), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, Telecom & IT), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Brazil, Argentina, Chile, Peru, GCC, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents @
https://www.gminsights.com/securecheckout/paymenta/1759
Chapter 5. Data Center Power Market, By Application
5.1. Global data center power market share by application, 2016 & 2024
5.2. BFSI
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013 - 2024
5.3. Colocation
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013 - 2024
5.4. Energy
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013 - 2024
5.5. Government
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013 - 2024
5.6. Healthcare
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013 - 2024
5.7. Manufacturing
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013 - 2024
5.8. IT & Telecom
5.8.1. Market estimates and forecast, 2013-2024
5.8.2. Market estimates and forecast, by region, 2013 - 2024
5.9. Others
5.9.1. Market estimates and forecast, 2013-2024
5.9.2. Market estimates and forecast, by region, 2013 - 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/data-center-power-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Market Insights, Inc.