According to a new report, published by KBV research, The Global Data Center Power Market size is expected to reach $13 billion by 2028, rising at a market growth of 7.7% CAGR during the forecast period.
The UPS segment acquired maximum revenue share in the Global Data Center Power Market by Product in 2021, thereby, achieving a market value of $5 billion by 2028. The increasing growth of this segment is owing to the rising frequency of power cuts all over the world. Due to the increasing consumption of electricity, the demand for electricity is exceeding its supply, which is propelling the requirement for UPS systems. UPS systems ensure that huge data centers remain operational and that critical equipment are protected throughout the building in power outrage scenarios.
The Energy market is showcasing a CAGR of 9.1% during (2022 - 2028). The increasing growth of the segment is owing to the massive data loads in organizations operating in the energy sector. In order to protect this data from any kind of mishaps due to power disruption, the demand for data center power market is increasing in this sector. Hence, this factor is propelling the growth of this segment.
The North America market dominated the Global Data Center Power Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.52 billion by 2028. The Europe market is estimated to witness a CAGR of 7.2% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/data-center-power-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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