Global Data Center Power Market Value of USD 20.44 billion in 2020

Date: 2015-12-22

The global data center power market is expected to be USD 12.30 billion in 2015 and is estimated to grow at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period of 2015–2020 and is expected to be USD 20.44 billion in 2020. Enormous growth is seen in the Asia-Pacific (APAC) region and is expected to command the fastest growth within the next 5 years, at a high CAGR of 19.6% by 2020. The trend of adoption of data center power solutions in APAC is mainly driven by the development and increasing numbers of data centers with demand for highly energy-efficient power solutions in this region. 

Efficient power solutions in data centers are attracting attention for reducing electricity consumption, minimizing carbon emission, and making data center operations cost effective. Distribution, conditioning, and power backup are the major functions of a data center power system. There are various vendors that are providing innovative solutions such as power distribution and measurement, power backup, and cabling infrastructure. The power measurement and monitoring solutions help the managers of data centers in managing the power consumption of critical IT equipment, by tracking and managing load before any failures. Data center power solutions are playing vital role in various industry verticals as it provides cost-efficient solutions for networking and provision to raise the capability of data centers, while maintaining the life cycle of IT equipment.

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