Zion Market Research, the market research group announced the analysis report titled ‘Data Center Power Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Data Center Power Market: Overview
Data centers are proving to be computational hubs for enterprises and end-users resulting in the growth of services market and data center power. They are nothing but storage for computers that have significant data essential for the growth of a business or a firm.
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Global Data Center Power Market: Growth Factors
The main reason to boost the global data center power market is the increasing need for data center and the immense assistance needed to maintain them. Replacement of traditional data centers with the new one along with power management capacity and advanced technologies is driving the global data center power market. Parallely, increasing job opportunities, cheap labor cost, affordable raw materials, and low cost for maintenance and transport are some other factors that contribute to the development of global data center power market. The sudden and consistent growths in the amount of data consumption by multiple businesses, organizations, and individuals have elevated the growth of global data center power market. On the other hand, unawareness about the profits and advantages of the data center power management restrains the growth of global data center power market.
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Global Data Center Power Market: Segmentation
The global data center power market is segmented into multiple types. Based on industry verticals, the global data center power market is segmented as IT and telecom, BFSI, healthcare, government sectors, and manufacturing, and energy. On the basis of the type of service provided, the global data center power market is divided into consulting services, system integration services, and professional services. Based on the type of solutions, the global data center power market is segmented as power monitoring and measurement solutions, cabling infrastructure solutions, generator solutions, power storage solutions, power distribution solution, and uninterrupted power supply (UPS) solutions.
Global Data Center Power Market: Regional Analysis
The global data center power market has flourished all over the globe. But the key areas to focus are North America, South America, Asia-Pacific, and the Middle East &Africa (MEA). North and South America are leading the global data center power market. Currently, the U.S. is the leading country for data center power management. Following the U.S., Asia-Pacific countries such as China and India are also emerging in the global data center power market.
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Global Data Center Power Market: Competitive Players
Key players in the global data center power market include Server Technology Inc., Schneider Electric SE, Rittal GmbH & Co. KG, Intel Corporation, Emerson Network Power, Raritan Inc., General Electric Company, Hewlett-Packard Company, and Eaton Corporation Plc and ABB Ltd. The competition between the local as well as key players are so deep and aggressive, newbies hardly get any chance to stabilize in the market. Another reason that may seem to avoid the newbies to withstand the market is the quality of services provided by these key players.
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