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Global Data Center Power Market 2019-2024 - Emergence of Nickle-Zinc Battery Powered UPS SystemsDUBLIN, Sept. 9, 2019 /PRNewswire/ -- The "Data Center Power Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering. Market Dynamics Market Growth Enablers
Market Growth Restraints
Market Opportunities & Trends
The increasing efficiency in power infrastructure is contributing to the growth of global data center power market. The high adoption of modular infrastructure will transform the global power generator market. Hence, hyperscale data centers have emerged as major adopters of renewable energy infrastructure. The adoption of fuel cells by several service operators is growing due to their efficiency to decrease the environmental impact of power generation, thereby leading to a sustainable operating environment. As vendors are continually innovating their UPS systems to improve efficiency, these systems are helping service providers to reduce OPEX and overcome the space constraint in the rack space. Also, the increased adoption of <= 500 kVA UPS systems in small- and medium-sized facilities is a key factor for the growth of the segment. The installation of <= 500 kVA UPS is further expected to be high among prefabricated service operators. The >2 MW generator systems segment dominated the global generator market. The increased deployment of >2 MW generator systems in mega and large facilities by hyperscale service operators is a major factor for their high revenue share. Data center regions, which subject to frequent power outages, are likely to adopt multiple redundant generator systems during the forecast period. The adoption of DRUPS is gaining traction in several countries due to their cost-effectiveness. The growing demand for redundant components to support mission-critical applications in Tier III facilities is likely to boost the power and cooling infrastructure during the forecast period. Many Tier III facilities are built with a flexible design, supporting the installation of tier IV redundant infrastructure. Although a majority of facilities across the globe fall under the Tier III category. The increase in the rack power density and critical data center applications is to drive many service operators to move to the Tier IV category during the forecast period. The incorporation of flexible designs is expected to configure up to 2N+1 redundancy. Data Center Power Market: Geographies The US data center power market is witnessing increased investments from colocation providers, hyperscale service operators, enterprises, and government organizations. The data center market in Canada is also witnessing steady growth. Montreal is attracting investment due to the accessibility of renewable energy sources and low power costs. The US and Canada have a large presence of Tier III and IV standards. Currently, the US is witnessing high adoption of lithium-ion UPS, DRUPS, and fuel cells, which is likely to continue during the forecast period. Initiatives such as the Vision 2030 and the Industrial Internet of Things (IIoT) are expected to drive data center growth in the Middle East between 2019 and 2024. The cloud adoption to scale new heights in the Middle East, with IaaS and PaaS segments growing at 25% and 20% YOY, respectively, followed by the SaaS segment, which is currently dominating the data center power market at 18%. The data center power market has become competitive due to the increased interest shown by data center operators in procuring energy-efficient infrastructure. The adoption of lithium-ion batteries, fuel cell technology, and intelligent PDUs to improve the efficiency of the facility will increase the competition among vendors. Further, the increased partnership between power infrastructure providers, service operators, and principal contractors will help to generate more revenues during the forecast period. ABB, Eaton, Schneider Electric, Caterpillar, Cummins, and Vertiv are the leading power infrastructure players. Cummins and Caterpillar have a strong presence in the generator market. The emergence of Nickle Zinc battery and continuous innovations toward improving the modularity of solutions will continue to grow the competition. In addition, the use of DC power systems in the data center is likely to witness significant growth among hyperscale data centers creating competition among vendors in the market.
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For more information about this report visit https://www.researchandmarkets.com/r/904pk8 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/global-data-center-power-market-2019-2024---emergence-of-nickle-zinc-battery-powered-ups-systems-300914279.html SOURCE Research and Markets |