Data Center Power Market Is Projected To Reach $33,380.1 Million by 2030, says P&S Intelligence
NEW YORK, May 12, 2022 /PRNewswire/ -- According to the market research study published by P&S Intelligence, the global data center power market accounted for revenue of $19,555.1 million in 2021, which is expected to reach $33,380.1 million by 2030, growing at a CAGR of 6.1% between 2021 and 2030. Huge amounts of data are produced from personal records, networking equipment, usage of mobile internet, billing activities, and social networks. This information is used by companies to enhance their products and services, increase profitability, and maintain relations with customers.
To stay ahead of their competitors, major players in the data center power market have been involved in client win strategies, seeing the vast potential increase in the number of data centers across the globe. Market players include Legrand SA, Delta Electronics Inc., Schneider Electric SE, Cisco Technology Inc., Fujitsu Ltd., Eaton Corporation, Toshiba Corporation, ABB Ltd., and Vertiv Co.
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Key Findings of Data Center Power Market Report
Browse detailed report on Global Data Center Power Market Share and Demand Forecast to 2030
The increasing number of data centers, creation of massive amounts of data, and the rapid acceptance of cloud services are propelling the market growth. Furthermore, the market is driven by the increasing number of internet users, rising penetration of smartphones, growing usage of social media, and booming demand for businesses to relocate from on-premises servers to the cloud model.
Data Center Power Market Segmentation Analysis
By Equipment Type
By Data Center Size
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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