Data Center Power Market to cross $27bn by 2024

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Global Data Center Power Industry to hit 27bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Data Center Power Market

• Data Center Power Market size is set to exceed
  USD 27 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
  Rising cost of energy and growing awareness of
  consumers to save electricity has led
  manufacturers to design intelligent power
  management products, which is helping reduce the
  power usage effectiveness (PUE) ratio and improve
  the energy consumption. The outdated facilities
  are being substituted with modern systems which
  consist of innovative management technologies.
  Moreover, the shift of the industry towards
  hyperscale and colocation facilities will fuel
  the demand for data center power market over the
  forecast timespan.
• Data center power market is witnessing increasing
  demand from the IT telecom industry, which can
  be attributed to the enormous volume of data
  generated by the businesses that require adequate
  storage and demand for improving service levels.
  To streamline operations, reduce costs, and
  enhance the performance companies operating in
  the IT telecom industry are focusing on
  deployment of these facilities. In addition, the
  infrastructure development across several
  countries by major IT companies such as IBM,
  Google and Microsoft are providing an impetus to
  the data center power market growth.

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Continued...

• The rapidly rising energy costs has made the data
  center operators more inclined towards the
  greener facilities to improve the operational
  efficiency of the equipment, which will impact
  the sales of the equipment such as cabling,
  busways and intelligent PDUs over the forecast
  timespan. Players are manufacturing equipment
  with energy efficient technologies and are
  utilizing renewable and green energy for their
  products. In addition, data center power market
  service providers are implementing the adaptive
  control systems to minimize the energy
  consumption. The efficient power solutions
  installed in the facilities are helping companies
  to reduce the overall operating cost, which in
  turn are reducing the total cost of ownership
  (TCO).
• Emerging trend of utilizing colocation facilities
  by companies in comparison to the construction of
  new facilities can be credited to the requirement
  of huge capital investments. Factors such as
  capital expenditures associated with building
  newer facilities followed by need for updating
  large computing centers are compelling the
  colocation data center power market growth. In
  addition, growing popularity of using colocation
  among the cloud service providers and private
  companies is fueling the industry growth.

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Europe data center power market, by solution,
2016 2024 (USD Million)

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Center Power Market _at_ http//bit.ly/2tqAivo
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_at_ https//www.gminsights.com/request-sample/detail
/1759
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Continued...

• Increasing number of the facilities coupled with
  the rising investments by various business
  entities across the Nordic region will fuel the
  Europe data center power market growth. Several
  companies are focusing on making expansion in the
  region owing to the presence of abundant fossil
  fuels and the favorable temperature. Facility
  operators are investing in high amount in
  outsourcing the services to meet the
  ever-increasing capacity requirements. Growing
  demand of virtualization by businesses
  implementing and using cloud technology is
  expected to boost the deployment of power
  solutions in European countries.
• The data center power market is significantly
  competitive, where the major players are
  competing based on customer base, and the need
  for high energy requirements. Intense competition
  prevails in the industry, where several SMBs and
  large businesses are implementing efficient
  facilities for their businesses to sustain in the
  intensely competitive environment. Several
  growing businesses are preferring the
  construction of new facilities instead to gain a
  competitive edge over their peers.

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Companies

• Electric SA
• ABB Ltd.
• Toshiba Corporation
• Emerson Network Power
• Eaton Corporation
• General Electric
• Tripp Lite
• Belkin International

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