Global Hyperscale Data Center Markets, 2018 & 2019-2024 - IoT & 5G Deployment to Drive Hyperscale Development
DUBLIN, Dec. 4, 2019 /PRNewswire/ -- The "Hyperscale Data Center Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The hyperscale data center market is expected to grow at a CAGR of over 9% during the period 2018-2024
Similarly, Facebook is likely to receive about $150 million through property tax incentives for building a facility in Utah. Tax incentives are being offered to grow the digital economy through multi-million-dollar investments. Many developing countries are looking to allure investors by providing incentives and land for development during the forecast period. Tax incentives, which are a major criterion for the site selection process, help to generate business opportunities for local sub-contractors. Hence, the availability of attractive tax incentives is expected to drive the hyperscale data center market.
This research report includes detailed segmentation by IT infrastructure, electrical infrastructure, mechanical infrastructure, general construction, and geography. The demand for servers in the cloud environment is likely to grow during the forecast as service providers are expanding their presence globally. The server market is expected to witness demand for servers with multicore processors. Storage capacity will grow as the average number of virtual machines per physical server continues to grow. The US is likely to witness growth in the server segment and shipment is projected to increase during the forecast period.
The adoption of switchgears will grow because of the increased construction of large and mega facilities that require medium and high-voltage switchgears. The adoption of basic rack PUs is expected to decline with the higher adoption of metered, monitored, switched, and metered-by outlet PDUs.
The use of indirect evaporative cooler and air/water-side economizers is likely to continue as most hyperscale facilities are being developed in countries that experience cold climate for more than 4,000 hours per year. The facilities in Southeast Asia, China, India, the Middle East, Africa, and Latin America are likely to prefer chilled water systems.
A majority of the existing development in the US is being carried in locations that offer free cooling of a minimum of 4,000 hours. The facilities established in the South Western US are incorporated with energy-efficient water-based cooling systems, with on-site water treatment plants saving a minimum of 30% of water consumed. In the US, a majority of states provide tax incentives for data centers; also, they provide job-based tax incentives.
The growing hyperscale construction will be a major boost to contractors and sub-contractors operating in the market. Most projects established in MEA are of greenfield development type.
Key Vendor Analysis
The competition in cloud service providers to establish multiple cloud regions and increase the customer base for their service offerings is increasing the investment in hyperscale facilities construction. The market for infrastructure suppliers is becoming competitive YOY.Infrastructure suppliers are continuously innovating their product portfolio to increase their revenue shares. The competition will be high in infrastructure providers supplying mission-critical and high-performance infrastructure solutions.
Schneider Electric, Eaton, Vertiv, and ABB are leading the electrical infrastructure market. Cummins, Caterpillar, and MTU On Site Energy have a strong presence in the generator market.
1 Research Methodology
Key Company Profiles
Other Prominent Vendors
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