Data Center Power Market Trends 2021-2026, Industry Statistics for North America, Europe and APAC with COVID-19 Impact Analysis: Graphical Research
Power market size for data centers in Europe to exceed $ 5 billion by 2026 | Healthcare application segment to drive growth in North American market | Asia-Pacific industry registers 6% CAGR over forecast life
Graphical Research added a new report on Data Center Power Supply Market that provides a comprehensive view of this industry in terms of the driving forces affecting the market size. This report presents the current and future trends that are driving the dynamics of this industry and also takes into account the regional market landscape coupled with its competitive landscape.
The following seven key trends are expected to accelerate the outlook for global power for data centers by 2026:
Wide acceptance in the European cabling infrastructure
The cabling infrastructure in European countries will grow rapidly on the forecast schedule due to the growing demand for reliable and effective equipment in the data centers in the region. Cable management products and solutions are widely used because of their simple, modular design and ease of installation. Leading manufacturer in Energy industry in data centers in Europe offer advanced cable management solutions with improved scalability, flexibility and intelligence.
Access the sample pages of the report “Europe Data Center Power Market Forecasts 2026” in detail along with the table of contents (ToC) @
Growing demand in Europe’s hyperscale data centers
Due to the increasing integration of advanced power storage into hyperscale data centers, the UPS industry’s share of the data center power industry accounted for a large part of the total revenue share in 2019. Cloud service providers in particular have expanded their presence throughout the region through the development of mega data centers.
In September 2020, for example, Google LLC announced that it would invest more than $ 3.3 billion in expanding its data center presence in Europe over the next two years. Since hyperscale data centers involve the integration of a large number of storage devices and servers, they require an uninterruptible power supply to ensure continuous transmission and processing of data.
Emphasis on reducing energy consumption in America
Data centers consume more than 416 terawatts of electricity annually, which corresponds to almost 3% of the electricity generated worldwide. According to the Energy Technologies Area or ETA, more than 73 billion kWh were consumed in the US in 2020.
This has brought the need to minimize energy consumption across the region into focus and has created the demand for advanced solutions across the energy industry from data centers in North America. Energy management in data centers can be achieved by improving the flow of electricity through ventilation systems, environmental control, UPS systems and lighting.
Increasing demand for OTT services in Canada and the USA
That North America Data Center Power Industry Forecast is experiencing high growth due to the increasing number of intelligent energy management solutions in the region. The popularity of OTT services in the US and Canada has increased since the novel coronavirus outbreak, with subscriptions rising on platforms like Amazon Prime Video, Disney Hotstar, and Netflix.
In addition, data-intensive companies have tried to minimize greenhouse gas emissions and the PUE ratio while increasing energy efficiency. To this end, several industry participants have developed intelligent UPS, intelligent PDUs and battery monitors.
Access the sample pages of the North America Data Center Power Market Forecasts 2026 report in detail along with the Table of Contents (ToC) @
Digitization across the North American healthcare industry
The applications for the data center power market in North America are divided into Healthcare, IT & Telecom, BFSI, Government, Manufacturing, Energy, and Colocation End-User. Of these, the healthcare industry has a critical impact on the market, with a higher demand for data center services.
By 2026, the healthcare application segment will generate significant revenue thanks to the increased use of digital data and an increased emphasis on government standards. Government contracts, including HIPAA standards, are enforced tougher to keep the healthcare industry more productive and efficient.
Growing demand for online banking across Asia
The Asia-Pacific region is witnessing a thriving BFSI sector seeking digital technology, particularly in the wake of the COVID-19 pandemic. Contactless payments, POS terminals, mobile wallets and online banking in general have been growing in popularity for a number of years.
In Japan, for example, more than 24 million people used their smartphones at POS terminals to make payments in 2019. There is growing concern about data center downtime Asia Pacific Data Center Power Market Forecast.
Increased internet penetration in APAC
The demand for seamless online video streaming has risen in sync with increasing internet penetration in Asian countries. The high data consumption of Amazon Prime Video, YouTube and Netflix users will focus on the development of a robust data center infrastructure. The rapid adoption of 5G, IoT, AI, cloud computing and other latest technologies in numerous data center construction projects is likely to drive the market forecast for data center in APAC.
ABB Group, Cisco Systems, Inc., Cummins, Inc., Legrand, Black Box Corporation, Vertiv Group Co., Siemens AG, and Cyber ââPower Systems, Inc. are some of the leading providers of data center power solutions in the international market.
About graphic research:
Graphical Research is an economic research company that provides industry insights, market forecasting and strategic inputs through granular research reports and advisory services. We publish targeted research reports aiming to meet diverse client needs, from market penetration and entry strategies to portfolio management and strategic outlook. We know that business needs are unique: Our syndicate reports are designed to ensure relevance for industry participants along the value chain. We also offer custom reports that are precisely tailored to the client’s needs, with dedicated analyst support throughout the buying lifecycle.
Release ID: 89040491
COMTEX_391079843 / 2773 / 2021-08-06T06: 14: 38