TMCnet News
The APAC data center power market is expected to grow at a CAGR of over 8% during the period 2018-2024NEW YORK, Dec. 3, 2019 /PRNewswire/ -- The APAC data center power market is expected to grow at a CAGR of over 8% during the period 2018–2024. Read the full report: https://www.reportlinker.com/p05830419/?utm_source=PRN The increased construction of hyperscale facilities is likely to boost the data center power market in APAC. China, Hong Kong, Singapore, India, South Korea, Thailand, and Japan are witnessing major data center development. China is to lead the market with multiple hyperscale investments from cloud and colocation providers. In the Southeast Asia region, Singapore is the preferred market to construct mega facilities. The construction of these facilities is likely to grow during the forecast period. China and Hong Kong are the leading revenue generators in the region, followed by India. In India, Adani Group announced to invest $10 billion in the development of data center parks in 2019. Alibaba, Tencent, Baidu, and Huawei, which are major clients for GDS Services, contributed over 50% of revenue in 2018. Hong Kong is expected to witness significant growth due to the construction and expansion of mega vertical projects, which are being colocated by internet and cloud service providers. The following factors are expected to contribute to the growth of the APAC data center power market during the forecast period: The report considers the present scenario of the market during the forecast period and its market dynamics for the period 2018?2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report profiles and examines leading companies and several other prominent companies operating in the market. APAC Data Center Power Market: Segmentation With the increased construction of data centers in the region, the usage of transfer switches and switchgears is expected to grow during the forecast period. Most facilities in China & Hong Kong and Australia are adopting medium- to high-voltage switchgears. The growing awareness to reduce power consumption and wastage is driving the adoption of intelligent PDUs. The demand for 1?50 kVA UPS systems is high amon small- and medium-sized facilities on account of the grid inconsistency in several countries. The adoption of <=500 kVA systems will be higher among prefabricated operators than traditional brick-and-mortar facilities. However, several small- and medium-sized facilities with a density of less than 1 MW capacity are adopting <=500 kVA UPS systems. Therefore, the construction of prefabricated facilities and the increasing deployment of OCP-based infrastructure design are expected to propel growth in the next few years. The rise in mega data center projects, which are designed to be of Tier III and Tier IV standards in China & Hong Kong, is likely to increase the deployment of 2N redundant UPS systems. Diesel generators account for a major share of the APAC power market. The adoption of these systems is higher than natural gas or bi-fuel generators. China and India are likely to be the major revenue contributors for the segment during the forecast period. Most facilities in APAC are adopting N+N redundant generators. With the increasing popularity of edge data centers, the adoption of < 1MW generators is expected to grow during the forecast period. However, strict regulations relating to carbon dioxide emissions are likely to decrease the share of the segment. The rise in the construction of tier III facilities is increasing owing to the growing need for redundant components to support mission-critical applications. In the APAC region, several under-developed projects fall under the Tier III category, and the trend is likely to continue during the forecast period. Tier IV facilities generate high revenue with focused investment on highly efficient cooling systems. Tier IV facilities are expected to increase on account of the significant investment announcements from Apple, Facebook, AWS, Microsoft, and Google in the region. Market Segmentation by Infrastructure Insights by Geography Key Countries Profiled Key Vendor Analysis Key Company Profiles Key Market Insights Include Read the full report: https://www.reportlinker.com/p05830419/?utm_source=PRN __________________________ View original content:http://www.prnewswire.com/news-releases/the-apac-data-center-power-market-is-expected-to-grow-at-a-cagr-of-over-8-during-the-period-20182024-300968522.html SOURCE Reportlinker |