Data center power management solutions are essential solutions to carry out operations smoothly in data center infrastructure. These solutions help to distribute power to data center racks from utility grid efficiently, and also during power outages. Rising demand for cost optimization of data centers regarding operational expenses, rise in digitization, and cloud computing, are factors expected to drive demand for the target market in near future.
The global data center power market report has been segmented on the basis of component, end use vertical, and region. On the basis of component, global data center power market has been segmented into solution, and service. Solution segment is projected to account for major share in terms of revenue during the forecast period. This can be attributed to increasing adoption of power distribution unit systems that help business verticals to minimize energy usage, and reduce carbon footprint which enhances efficiency of the systems.
Among all the end-use vertical segments banking, financial services, and insurance (BFSI), healthcare, government, IT and telecom, defense & aerospace, and others. IT and telecom segment is projected to grow at fastest CAGR in near future. However, banking, financial services, and insurance segment is projected to hold largest market share in terms of revenue in the global data center power market.
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On the basis of region, the global data center power market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for largest market share in terms of revenue in 2016, and anticipated to dominate the market in next ten years. This is attributed to the presence of large number of data centers, substantial investments for data center infrastructure, increase in adoption of data centers by multiple business verticals, and presence of major players in this region.
Key players operating in the global market include ABB Group, Schneider Electric, Black Box Corporation, Hewlett Packard Enterprise Company, General Electric, Eaton Corporation, Delta Electronic Inc., Generac Power Systems, Inc., Rittal GmbH & Co. KG, and Server Technology Inc.