The Europe Data Center Power Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Data centers spend a significant amount of money on power because it is essential for running IT infrastructures including servers, computers, and cooling and power equipment. As a result, current data center providers deploy energy-efficient and economical power systems to meet operational expenses. Modern data center power systems that meet modern IT abilities for a range of business requirements are the ideal method to reduce operational costs. In addition, the data center with the greatest power solutions provides long-term and reliable services with minimal downtime.
The majority of data centers derive their primary power from the local electric grid. The facility will next have one or more transformers installed to take in the energy while also ensuring that the power coming in is of the appropriate voltage and current type. Some data centers use on-site electrical generation equipment, such as stand-alone generators or alternative energy sources like solar photovoltaic panels and wind turbines, to augment their energy from the grid or completely eliminate the requirement for it.
The healthcare sector of the region is robust and one of the leading healthcare industries in the world. The medical equipment market in this region is also significant, which is making it more developed. In addition, there is a significant presence of several major market players, such as Siemens and Dragerwerk, in the healthcare industry. These companies are increasing their efforts in order to bring more development and innovations such as diagnostic imaging, precision medical and dental tools, and optical technology, across the regional healthcare industry. All of these technologies require a significant amount of power to run the hardware. Moreover, Germany claims the third-biggest medical technology market in the world and it is by far the biggest European market, twice the size of the French market while three times as large as that of Italy, the United Kingdom, and Spain.
The Germany market dominated the Europe Data Center Power Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $848.6 million by 2028. The UK market is experiencing a CAGR of 6.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.1% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Operating Environment, the market is segmented into Windows OS, Unix OS, and Linux & other Open Source OS. Based on End User, the market is segmented into BFSI, Retail, IT & Telecom, Public sector & utilities, Energy, Manufacturing, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Center Power Market will Hit $13 Billion by 2028, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Siemens AG, Legrand S.A., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), ABB Group, Eaton Corporation PLC, Mitsubishi Electric Corporation, Vertiv Holdings Co., Delta Electronics, Inc., and Cisco Systems, Inc.
By Component
By End User
By Country
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